As a researcher, I find the recent turn of events at EigenLayer concerning. The mass withdrawal requests following the announcement of their EIGEN airdrop, which excluded several key economic jurisdictions, has left a significant impact on the protocol’s Total Value Locked (TVL). With over 12,412 withdrawals in just three days, representing around 11.6% of unique … Read more
As a long-term crypto investor with a deep interest in the Nigerian market, I find the recent developments surrounding the Central Bank of Nigeria’s (CBN) directive to fintech firms OPay, Kuda Bank, Moniepoint, and PalmPay to halt new customer onboarding a mixed bag. The Central Bank of Nigeria (CBN) ordered four financial technology firms to … Read more
Funds attracted inflows despite SOL’s bearish price action. The prospect of improving network health might have driven investors towards SOL. As a researcher with experience in the cryptocurrency market, I find it intriguing that Solana [SOL] attracted inflows despite its bearish price action last week. The latest report by CoinShares revealed that Solana-based crypto products … Read more
What is lost Bitcoin? Bitcoin is deemed unreachable or missing on the blockchain when its owners can no longer exert command over it.Bitcoins function as a decentralized digital currency, where transactions are recorded across a network of interconnected nodes rather than relying on a single authority. This distributed system creates a publicly accessible ledger called … Read more
Prudent Bitcoin traders might want to stay sidelined instead of bidding. A drop below the local low could send prices careening lower by close to 15%. As an experienced analyst, I believe that caution is warranted for Bitcoin traders at this point in time. The recent price drop of around 7.5% from the local high … Read more
As an experienced analyst, I’m closely monitoring the recent developments in the cryptocurrency market and the significant decline in open interest (OI) for major coins like XRP, Solana, and Dogecoin over the past month. This trend is a clear reflection of waning market sentiment and decreased trader confidence. As a researcher studying the cryptocurrency market, … Read more