Solana on-chain and derivatives data highlights the limitations of SOL’s potential price breakout

    SOL price recently rallied by 30%, but on-chain data suggests that the network’s growth challenges could restrict Solana’s upside. Solana saw two positive developments this week with the launch of the Saga Android-based smartphone powered by the Solana blockchain and the retail trading debut of Grayscale Solana Trust shares. The developments, along with bullishness in the…

    UAE’s federal financial regulator opens licensing applications for VASPs

    Companies that have already acquired licenses from the country’s financial free zones are exempted from the requirement of registering with the regulator. The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country. The…

    Decentralized science is key to fixing academic research

    Locked paywalls and high fees are defining characteristics of traditional academic research. DeSci can lower the barriers to access. Academia and science are both in the throes of a crisis, marked by several inefficiencies directly impacting our scientific prowess and research capabilities. The subject of stagnation within universities and academic institutions is taboo, and there…

    Bitcoin on-chain data highlights the steps BTC is taking to exit the bear market

    A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level. Glassnode’s latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019. The report shows that the Long-Term Holder (LTH) supply is just shy…

    Total Arbitrum accounts surpass 5M after airdrop hype: Report

    The milestone was accomplished less than one month after a much-anticipated airdrop. According to statistics compiled by user Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on April 17. Aside from individual addresses, there are now more than four million active accounts in the…

    Tether market cap eyes record high after regaining 65% stablecoin dominance

    The market capitalization of Tether is nearly a billion dollars away from reaching a new lifetime peak while rival stablecoins struggle. Tether has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the United States. On April 17, the U.S. dollar-pegged stablecoin’s circulating market valuation reached nearly $81 billion, just 1.5% below…