Crypto exchange Bybit has released a report that sounds the alarm on Bitcoin’s dwindling supply on exchanges. Bitcoin Supply Crunch Bybit’s report reveals that Bitcoin reserves on exchanges have been rapidly declining, with only enough left to last for about nine months. This is due to a daily influx of $500 million into Bitcoin ETFs,…
The Prisma Finance Exploit On March 28, Prisma Finance lost $12 million in a hack. The hacker, claiming to be a “Whitehat” looking out for users, demanded the team change the post-mortem report to remove accusatory terms like “exploit” and “hacker.” The Bounty Demand Unsatisfied with the team’s compliance, the hacker asked for a bounty…
Worldcoin, a company focused on human authentication, has announced the upcoming launch of World Chain, an open-source Ethereum layer-2 blockchain. This new blockchain aims to enhance the Worldcoin protocol by providing a dedicated infrastructure for its users. Identity Verification with Worldcoin Worldcoin uses iris scanning technology to create encrypted numerical codes that represent unique human…
While everyone’s talking about the Bitcoin halving and ETFs, there’s a serious issue brewing that could slow down Bitcoin’s growth: the explosion of token standards. Fragmented Token Standards A recent analysis pointed out the increasing number of different standards for issuing tokens on Bitcoin. BRC-20, Inscriptions, and the upcoming Runes are all competing for dominance….
Current Market Conditions Shiba Inu is facing challenges in the market, as Bitcoin’s price movements remain muted. This has led to a downturn in the crypto market, keeping prices low. Long-Term Outlook Despite the current dip, analysts remain bullish on Shiba Inu’s long-term prospects. Macro Third Wave Crypto analyst Crypto Cipher believes Shiba Inu is…
Liquid Mercury’s RFQ Platform Powers GFO-X Exchange Liquid Mercury, a leading crypto trading technology provider, has joined forces with GFO-X, the UK’s first regulated and centrally cleared exchange for digital asset derivatives. This partnership provides institutional traders with access to deep liquidity for trading options and futures contracts in large sizes. The RFQ (request for…
Investor Nic Carter believes Bitcoin (BTC) will reach $100,000 in 2024, despite the recent market downturn. Reasons for Optimism Carter cites several factors contributing to his bullish outlook: Institutional adoption: The approval of Bitcoin ETFs has given the cryptocurrency legitimacy and attracted institutional investors. Technological advancements: Layer-2 projects are improving Bitcoin’s scalability and functionality. Economic…
A crypto whale, a large investor, recently lost a staggering $4.5 million trying to bet on Ethereum (ETH) twice. First Attempt According to Lookonchain, a digital asset tracker, the whale lost $500,000 in their initial attempt to go long on ETH, which means they bet on the price rising. Second Attempt Undeterred, the whale made…
Former Goldman Sachs executive Raoul Pal has revealed his heavy investment in Solana (SOL), an Ethereum competitor. Solana Dominates Portfolio Pal, known for his macro insights, stated that 80% of his crypto portfolio is allocated to SOL. He has shifted his Ethereum holdings to non-fungible tokens (NFTs), specifically high-end art NFTs. Reasons for Solana Bet…
Key Levels for Bitcoin’s Trajectory Analyst Ali Martinez predicts a significant price increase for Bitcoin, possibly reaching $86,000 if it breaks through a key resistance level. Bitcoin’s movement is heavily influenced by key support and resistance levels. Support Level: $61,000 Resistance Level: $72,400 If Bitcoin falls below the support level, it could drop to $56,200…
