Core Scientific, a major Bitcoin mining company, has turned down a $1 billion buyout offer from CoreWeave. Rejection Based on Undervaluation Core Scientific’s board believes the offer of $5.75 per share significantly undervalues the company’s potential. They are confident in their growth strategy and see the offer as a lowball attempt. Strategic Alliance with CoreWeave…
The Incident On Saturday, Gemholic, a project built on the zkSync blockchain, raised suspicions of a “rug pull.” A rug pull is a scam where developers suddenly abandon a project and steal investors’ funds. In April 2023, Gemholic accidentally locked 921 Ether (ETH) in a smart contract. After zkSync’s help, the funds were unlocked on…
GitHub Activity A layer-1 blockchain network, MultiversX (formerly Elrond), has surpassed Ethereum-based Decentraland to become the most active crypto gaming project in terms of development activity, according to data from analytics platform Santiment. MultiversX recorded 236.93 notable GitHub events, while Decentraland registered 150.4 events. Other notable projects in the top 5 include Immutable X (77.4…
Former President Donald Trump is now courting the digital asset industry, positioning himself as the “crypto president” to secure donations. Trump’s Previous Stance Despite initially expressing hostility towards cryptocurrencies, Trump has recently softened his stance. In 2018, he reportedly directed Treasury Secretary Steven Mnuchin to crack down on Bitcoin. However, in recent years, he has…
Saint Petersburg, Russia – A group of nations led by Russia and China are developing an “independent payments system” to reduce their reliance on the US dollar and avoid “external interference.” Putin’s Statement Russian President Vladimir Putin announced the initiative at the SPIEF 2024 Conference in Saint Petersburg. He emphasized the need to protect the…
Bakkt, a crypto marketplace backed by the owners of the New York Stock Exchange, is reportedly exploring a potential sale. Partnership with Crossover Markets Despite the sale rumors, Bakkt recently partnered with Crossover Markets to launch BakktX, an Electronic Communication Network (ECN) tailored for institutional investors. This move highlights Bakkt’s focus on expanding its capabilities…
Current Situation Shiba Inu (SHIB) is currently stuck in a triangle pattern, and a breakout could lead to a significant surge. However, there’s a major obstacle in the way: a sell wall at around $0.000027. Sell Wall Resistance This sell wall consists of 149,120 addresses holding 109 trillion SHIB tokens. If the price of SHIB…
Coinbase, a leading crypto exchange, has shaken up the blockchain analytics scene with the introduction of the H-Index. This new metric aims to address the issue of distorted adoption metrics caused by fake accounts and airdrops. Distorted Metrics: The Problem Traditionally, metrics like daily transactions have been used to measure blockchain adoption. However, these metrics…
VeChain (VET), known for its supply chain solutions, has seen a significant price drop. It has broken below the $0.032 support level, indicating a persistent downtrend. Factors Contributing to the Price Decline General market conditions Challenges within the VeChain ecosystem Current Price and Market Data Price: $0.03266 Market capitalization: $2.3 billion Trading volume: $88 million…
BlackRock’s Dominance in Bitcoin ETFs BlackRock’s iShares Bitcoin Trust (IBIT) has now surpassed Grayscale’s Bitcoin Trust ETF (GBTC) in total Assets Under Management (AUM) for Spot Bitcoin Exchange Traded Funds (ETFs). This milestone reflects BlackRock’s growing influence in the ETF sector and its faith in crypto investments. IBIT’s Massive Inflows Since its launch in January,…
