Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator. Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength. On…
Polygon overtook Hive for the second spot in last month, as the growth in unique active wallets was driven in part by the Hunters On-Chain RPG game. Surging user activity on Ethereum layer-2 (L2) Polygon in March saw the network become the second-largest blockchain gaming network in terms of unique active wallets (UAWs). According to…
Known as state compression, the technology promises to drastically reduce the cost of on-chain storage. Layer-1 blockchain Solana has released a new solution aiming to drastically reduce the cost of on-chain storage. Called state compression, the technology promises to bring down the cost of minting 1 million nonfungible tokens (NFTs) on the network to nearly $110. “After numerous phases…
Researchers looking at the “crypto carry” rate between spot and futures markets and its causes came to conclusions about crypto market booms and busts and how they happen. The Bank for International Settlements (BIS) has released a working paper examining “crypto carry” — the differences between Bitcoin and Ether spot and futures prices — and its effect…
From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free. Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical…
The re-staking collective aims to address Ethereum validator economic incentives. A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet. The mainnet launch of the EigenLayer protocol is not expected until Q3, however, and testing will be phased in three stages to onboard…
459
Views
0 Comments