After a dormant 2022 and much-muted 2023, GameFi projects are making a comeback as the bull market rages. This week, move-to-earn protocol StepN announced it would partner with Adidas for a 1,000 Genesis Edition nonfungible tokens (NFT) drop on Solana. The launch is part of an ongoing one-year partnership between the two firms that will…

The top five identified crypto whales with publicly known wallet addresses hold around $3.5 billion in crypto, according to a dashboard from blockchain intelligence firm Arkham. However, due to lost passwords and private keys, a large chunk of it is inaccessible. On April 15, the on-chain intelligence platform announced the updated dashboard revealing the holdings of some…

Cryptocurrency exchange OKX has joined the likes of Coinbase in launching an in-house Ethereum-based layer-2 network to provide lower fees and interoperability for users interacting with decentralized applications. OKX’s launched the public mainnet of X Layer, its zero-knowledge proof powered network, on April 15. The network was built using Polygon’s chain development kit (CDK) and…

Three recently approved spot Bitcoin and Ether exchange-traded funds (ETFs) in Hong Kong may not be as big of a deal as some may think, according to senior Bloomberg ETF analyst Eric Balchunas. On April 15, The Hong Kong Securities and Futures Commission (SFC) issued conditional approvals to three offshore Chinese asset managers to begin issuing spot Bitcoin and…

Only six altcoins among the top 50 tokens by market cap have managed to outperform Bitcoin so far this year, asBitcoin dominance reached a three-year high over the weekend. The memecoin Dogecoin stands as the best-performing altcoin in the top 50, having posted year-to-date gains of just over 77% — climbing from $0.09 on Jan. 1 to…

There could be a large outflow of Bitcoin from miners in the months following the halving as in previous cycles, according to a market analyst. Bitcoin miners could potentially liquidate $5 billion worth of BTC after the halving according to calculations by the head of research at 10x Research, Markus Thielen, in an April 13 analyst note. “The…

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…