Grayscale Investments faced a sharp dip in the new inflow for GBTC, its Bitcoin ETF. According to research conducted by BitMEX, the fund saw a drop in inflows to $44 million on Friday, which compares poorly to January 11, when inflows were $77 million. The news hit the headlines during the broader context of investors’ […]
Shiba Inu Team Alerts Community to Rising Scam Threats
The Shiba Inu team has made a serious warning to its community about the rise in scam activities. The fraudulent schemes are now growing in complexity, luring unsuspecting users with the fake airdrops, phishing attempts, and misleading giveaways. The proactivity of the Shiba Inu team brings to the fore the need for vigilance among cryptocurrency […]
Ethereum Holders Benefit from Arbitrum’s $72.8M Revenue Ahead of Dencun
Reaching a remarkable milestone to showcase the potential of layer-2 scaling solutions, Arbitrum has reported a staggering $72.8 million in revenue over the last 365 days. This figure underscores the protocol’s significant contribution to the Ethereum ecosystem. It highlights a unique revenue distribution model where $ETH holders, rather than $ARB holders, have reaped the majority […]
Cardano (ADA) Holders Should Note This Crucial Yoroi Wallet Message
There is an ongoing scam in the Cardano ecosystem and Cardano holders are warned to be vigilant and look out for suspicious messages. Cardano Holders on Target Yoroi Wallet, a light wallet on Cardano, took to X to confirm that there have been a few reports about users who lost their ADA to various scams. […]
OpenAI’s Market Position Vulnerable to Intensifying Competition
OpenAI has established itself as an industry pioneer by now. With its latest launch of SORA, the Sam-Altman-backed company has made AI’s exposure even more evident to the common public. However, rising competition in the same industry can challenge the behemoth’s market grasp. A recent Forbes report highlights how decentralized AI projects can potentially perform […]
Top Crypto Gainers of the Week
This analysis highlights cryptocurrencies that have seen major price increases of over 40% in the past week, as reported by CoinMarketCap. These top gainers demonstrate the volatile nature of the cryptocurrency market, with quick price changes happening frequently. Analyzing these top performers gives more understanding of current trends, investor sentiments, and significant developments in blockchain […]
Uniswap (UNI) 76% Mega Rally Might Be Over Amid Likely Team Selloff
It appears that the exciting Uniswap (UNI) rally may be elapsing as some wallets have been seen selling out their holdings. Uniswap Soars With Likely Profit Taking Underway According to data from blockchain analytics firm Lookonchain, a Uniswap team wallet sold off a total of 90,000 UNI tokens for approximately 1.03 million USDC at $11.48 […]
Tech Titans Join OpenAI in $675M Funding for Figure AI’s Humanoid Robotics
Tech giants Amazon, Nvidia, and Microsoft are directing substantial investments into the humanoid robotics venture led by startup Figure AI. The venture, supported by OpenAI and a consortium of investors, is in the process of securing approximately $675 million in funding, pegging the company’s valuation at around $2 billion, as reported by Bloomberg. Amazon’s Jeff […]
Uniswap Technical Analysis Hints the 55% Price Surge is Just the Beginning
Uniswap Price: Amid a sluggish market moment, the Decentralized exchange Uniswap’s governance token (UNI) skyrocketed by 55% on Friday. The massive inflow by investors followed a new proposal by a key Uniswap Foundation leader to upgrade the protocol’s governance system. The sudden upswing challenges a 2-year-long resistance indicating a pivot change in the UNI’s market […]
Crypto VC makes 50% returns as Defi tokens surge
With the Bitcoin price hovering above $50,000, the focus of the crypto community has shifted towards the DeFi sector, which has been witnessing a significant surge, marking an end to the crypto winter. This pivot is largely attributed to the mainstream attention DeFi has garnered amidst the ongoing AI craze. Platforms enabling users to lend, […]