Blast and Base have heightened competition within the Ethereum L2 space. Polygon CEO sees L2 competition as bad for Ethereum. Previously, the Ethereum layer 2 (L2) space, which includes projects like Arbitrum [ARB] and Optimism [OP], held significant influence. Yet, the arrival of Coinbase’s L2 solutions, Base and Blast, has intensified the level of competition. … Read more
On April 6-8, Bitcoin (BTC) experienced a 7.6% rise, peaking at $72,747 during trading hours, fueling much discussion about its reasons behind this surge. Although some might attribute Bitcoin’s price surge solely to the inflows from the Bitcoin spot ETFs, it’s essential to consider the various macroeconomic elements that likely fueled the increase in demand. … Read more
PEPE climbed above OP in terms of market cap. Social volume and positive sentiment around PEPE grew. Although there was a significant increase in the popularity of meme coins recently, the hype surrounding Pepe (PEPE) decreased due to the influx of other prominent cryptocurrencies. Recently, there’s been renewed excitement for PEPE as indicated by a … Read more
Crypto traders believe that the Bitcoin halving in 2024 will be a crucial turning point for the market. But Steno Research experts predict that it will follow the pattern of “buying before an event based on anticipation, selling after the event when the news has been digested.” In Bitcoin’s past, there have been three significant … Read more
Ethereum has seen significant consecutive increases in the past 48 hours. Whales have bought over $70 million worth of ETH within 24 hours. On the 7th of April, Ethereum delivered its best gains for the month. This upward swing corresponded with a notable rise in purchasing volume from some large investors, referred to as “whales.” … Read more