A prominent Venture Capital (VC) firm called Paradigm is spearheading a significant investment of $225 million for a new Layer 1 (L1) network’s development. This network aspires to challenge Ethereum (ETH) blockchain in the market. Notable investors besides Paradigm include Electric Capital and Greenoaks. Based on a recent article in Fortune Magazine, Monad Labs intends … Read more
The price of Shiba Inu (SHIB) might bounce back as signs of recovery emerge in key on-chain indicators. Notably, there’s been an uptick in the rate at which SHIB tokens are being destroyed, as evidenced by a persistent rise in the number of tokens burned recently. Shiba Inu Demand Looks To Be On The Rise … Read more
With the Bitcoin (BTC) “Halving” drawing near, there’s growing excitement about its potential impact on the leading cryptocurrency. After a notable correction in the initial weeks of Q2, Bitcoin (BTC) is regaining strength, and certain analysts predict it could reach new records soon. Are The Odds In The Bulls Or Bears Favor? During the first … Read more
In the midst of ongoing problems for the network, the open interest in Solana decreased noticeably over the past week. This decrease mirrors the drop in the cryptocurrency’s value, implying that some investors might be losing patience and selling off their holdings due to uncertainty about a forthcoming resolution. Solana Open Interest Drops By $370 … Read more
The Financial Stability Institute (FSI) strongly recommends a unified regulatory framework for stablecoins globally, as differing regulations could jeopardize financial stability. In their April 9, 2024 report, the FSI underscores the importance of uniform regulation for the issuance and use of stablecoins across countries. Stablecoin Adoption The Bank for International Settlements and the Basel Committee … Read more
Bitcoin is surging towards new all-time highs with prices climbing higher, and one market analyst believes that $150,000 could be a likely post-halving price for Bitcoin based on its historical trends. This optimistic perspective is expressed by the analyst in a recent post, where they outline several key fundamental factors that could potentially push the … Read more
Bitcoin investors are looking forward to the upcoming halving event with anticipation, believing it will contribute to the crypto market’s future expansion. However, it’s important to note that according to well-known cryptocurrency analyst and trader Benjamin Cowen, history suggests there might be a price correction following this event. Bitcoin Halving Could Impact Price Negatively According … Read more
At Monad Labs, a business focused on web3 technology, they have finished securing funding for their Ethereum-compatible Monad blockchain from Paradigm Venture Capital. As stated in the announcement, these funds will support the continued growth and construction of the Monad blockchain, aiming to launch the mainnet by the end of this year. Meanwhile, Monad Labs … Read more
The importance of decentralization in Ethereum‘s development, spearheaded by its founder Vitalik Buterin, has been a recurring theme. A new idea that is picking up steam is the concept of “anti-correlation penalties,” which is designed to combat the centralizing effects of economies of scale within Ethereum‘s staking system. To boost the decentralization of Ethereum’s staking … Read more
Arthur Hayes, one of the co-founders and ex-CEO of BitMEX, the well-known cryptocurrency trading platform and exchange, has recently published a new blog entry. In this post, he shares his forecast for a significant drop in Bitcoin‘s price and a potential fire sale event for the world’s leading digital currency. Bitcoin Fire Sale Imminent In … Read more