In proof-of-stake (PoS) blockchains such as Ethereum, the network’s security syncs with the number of active validators, the percentage of circulating tokens staked, and the allocation of these tokens among the active validators. Restaking mechanisms incentivize these staked tokens — otherwise lying inactive — to improve the overall functioning of the blockchain. This article discusses what restaking…

Solana open interest (OI) and its price have declined in the past 24 hours mirroring a broader decline across the cryptocurrency market. However, traders are remaining optimistic, viewing it as a “good opportunity.” On April 14, Solana’s OI stood at $1.62 billion, approximately 21% down from the previous day, as per CoinGlass data. OI measures the total…

Bitcoin price plummeted over 8.4% on April 13 after Iran launched an attack on Israel, escalating  geopolitical conflicts in the Middle East. The cryptocurrency price dropped from around $67,000 to $61,625, wiping out over $130 million in market capitalization within minutes following the attack. The sell-off is also affecting other cryptocurrencies. At the time of writing,…

Ethereum’s Pectra upgrade, slated for late 2024 or early 2025, is bringing with it a host of more functionality for crypto wallets and upgrades to their user experience (UX). Ethereum Improvement Proposal (EIP) 3074 was approved for inclusion in the next update, which allows normal crypto wallets to work like smart contracts. One of EIP-3074’s functions gives standard externally owned accounts (EOAs), normal…

The United States government is one of the biggest cryptocurrency holders alongside other global states like the United Kingdom and Germany, according to data from Arkham. Arkham, a crypto intelligence platform focused on deanonymizing entities on the blockchain network, has introduced a dashboard featuring the governments with the largest crypto holdings. Announcing the news on…

Cryptocurrencies are rapidly becoming a critical piece of the United States economy and financial system. The value of Bitcoin has surged thanks to exchange-traded funds (ETFs) bringing access to a huge swath of new consumers. This is generally good news. However, the rise of Bitcoin also brings with it the need for increased regulatory guardrails, similar to other…