Author: Digicoinvision
Crypto investment products saw a $223 million outflow last week, ending a 15-week period of consistent inflows, according to CoinShares’ latest weekly report.This marked a significant shift from the trend earlier in the week, which started with $883 million in inflows.James Butterfill, Head of Research at CoinShares, explained that broader macroeconomic conditions in the US likely triggered the outflow. These include hawkish statements from the Federal Open Market Committee (FOMC) and stronger-than-expected economic data, contributing to negative market sentiment.Despite weak payroll data later in the week, which hinted at a dovish approach by the Fed, overall market sentiment remained “risk-off,”…
Key Takeaways The protocol campaign plans to attract more liquidity to its chain and token, M, as it leads altcoin gains across the board. MemeCore [M] has seen a sharp rebound after suffering a steep decline, triggered by Bitcoin’s [BTC] retracement to $112,000. At press time, M has posted the highest gains in the past 24 hours, up more than 16%. Crucially, M led all altcoin gains over the past 90 days, according to CoinMarketCap’s Altcoin Index, boasting a 655% return. AMBCrypto’s analysis suggested the token still had significant upside in the coming days. What’s driving MemeCore’s liquidity? Investors appear…
Companies like Coinbase and Paypal are taking advantage of the loopholes present in the stablecoin-focused GENIUS Act to offer “rewards” to depositors, even though it explicitly forbids issuers from distributing any form of interest or yield to holders. GENIUS Act Circumvented? Paypal, Coinbase Offering ‘Rewards’ to Stablecoin Holders Crypto companies are finding ways to circumvent […]
Update (Aug. 4 at 2:20 pm UTC): This article has been updated to add commentary by Phil Johnston, Nexus Mutual’s director of marketing.Crypto-native insurance alternative Nexus Mutual reimbursed customers who had lost money in a recent Arcadia Finance hack.According to a Monday announcement shared with Cointelegraph, Nexus Mutual reimbursed about $250,000 to users who lost funds in the Arcadia Finance hack. The protocol was hacked in mid-July for $3.5 million in USDC (USDC) and USDS on the Base blockchain, with stolen assets swapped to Wrapped Ether (WETH).The attackers siphoned funds directly from user accounts. Arcadia users who lost funds started…
Ethereum’s on-chain activity is heating up, and price action tends to follow this growing engagement. Rising active addresses indicate that existing users are interacting with the network more frequently, while the surge in new addresses reflects a steady influx of fresh participants. These metrics suggest that ETH growth is being driven by genuine utility, rather than pure speculation. If these daily transactions persist, ETH could be entering a new phase where fundamentals and market sentiments begin to align, as the ETH engine runs hotter than ever. Is Ethereum Positioning For Market Leadership? Ethereum on-chain activity is quietly but decisively gaining…
With this blog post, the intention is to officially disclose a severe threat against the Ethereum platform, which was a clear and present danger up until the Berlin hardfork. State Let’s begin with some background on Ethereum and State. The Ethereum state consists of a patricia-merkle trie, a prefix-tree. This post won’t go into it in too much detail, suffice to say that as the state grows, the branches in this tree become more dense. Each added account is another leaf. Between the root of the tree, and the leaf itself, there are a number of “intermediate” nodes. In order…
An explosive month in crypto, as ZORA became the best-performing token, with an insane 661.1 percent in the last 30 days. ZORA caused massive attention regarding its price movement due to a market cap of 197.7 million USD and its biggest listing on Coinbase. With solid community support and advancing utility, the token has gained momentum and raced ahead of the crowd. LOKA and CROSS Follow ZORA’s Meteoric Rise Close on its heels was LOKA, which showed an excellent growth of 516.8 percent in price. LOKA, with a market cap of $157.3 million and a Coinbase listing, has caught attention…
Key takeawaysPump-and-dump schemes in Web3 manipulate a cryptocurrency’s price through coordinated buying along with misleading information and hype to lure investors in before a mass selling of a token, leaving it almost worthless.Decentralized anonymity and 24/7 unregulated trading make the industry particularly vulnerable to these manipulative investment schemes.A pump-and-dump follows four stages, including the token prelaunch, promotional hype building at launch, price pumping through buying action and a coordinated sell-off by orchestrators running off with profits. You can protect yourself from falling for pump-and-dumps by avoiding unsolicited investment advice, being skeptical of social media ads and avoiding schemes with promises of…
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The recent passage of the US GENIUS Act was widely celebrated as a major step forward for stablecoin adoption, but a key provision may curb the appeal of digital dollars compared to money market funds, raising questions about whether the bill’s authors were swayed by banking industry pressure to restrict yield-bearing stablecoins.The GENIUS Act expressly bans issuers from offering yield-bearing stablecoins, effectively preventing both retail and institutional investors from earning interest on their digital dollar holdings.Because of this, Temujin Louie, CEO of crosschain interoperability protocol Wanchain, cautioned against viewing the legislation as an unqualified win for the industry.“In a vacuum,…