US debt ceiling, declining trust in banks send ETH staking to record highs
In May, the amount of Ether (ETH) staked hit a record-breaking high of 2.96 million ETH, comprising approximately 2.46% of the total supply. The amount of ETH staked in May…
Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows
Ether’s (ETH) DeFi activity has been reduced in the bear market, and further competition from Ethereum’s yearly staking reward of 4% is expected, as per Glassnode analysts. Nevertheless, a narrative…
Here’s how developers aim to store crypto inside NFTs
Introduction Non-Fungible Tokens (NFTs) have become increasingly popular in the blockchain space in recent years. NFTs are unique digital assets that are stored on the blockchain, and they can represent…
US debt ceiling, declining trust in banks send ETH staking to record highs
US Debt Ceiling The US debt ceiling is a limit set by Congress on the amount of money the US government can borrow. It is an important part of the…
Cryptocurrency markets’ low volatility: A curse or an opportunity?
Cryptocurrency markets are well-known for their volatility, with large price fluctuations that can make or break investors. However, there are often times of relative calmness, which can be dull for…
Binance net outflows hit $778M on Ethereum since SEC charges: Nansen
The SEC’s lawsuit against Binance, alleging violations of various securities laws, has had a direct effect on both the cryptocurrency market and the exchange’s financial records. According to data from…
Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows
Rapid Growth in DeFi-Focused Ethereum Liquid Staking Derivatives Platforms The rapid growth of Ethereum-based decentralized finance (DeFi) platforms that offer liquid staking derivatives has raised eyebrows in the cryptocurrency space….
Cryptocurrency markets’ low volatility: A curse or an opportunity?
Low Volatility in Cryptocurrency Markets The cryptocurrency market has been relatively quiet in recent months. Volatility, or the measure of price fluctuations in the market, has been low compared to…
Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave
Real-world asset (RWA) protocols have become a highly sought-after topic of discussion within the decentralized finance (DeFi) community. An RWA protocol is a decentralized application that facilitates the tokenization and…
US Justice Department charges two men in Mt. Gox Hack
The United States Justice Department has revealed indictments against two men who it claims were the perpetrators of the Mt. Gox Bitcoin (BTC) theft of $400 million. Alexey Bilyuchenko, aged…