As a seasoned crypto investor with a keen interest in on-chain data and market trends, I’ve closely followed the recent Bitcoin (BTC) price drop of 5.42% over the last 24 hours to hit a new multi-week low at $57,151 on May 1. The reasons behind this decline are multifaceted, with a slowdown in demand growth … Read more
BONK Inu’s market cap rises to $1.40 billion, surpassing Floki Inu. Despite overall memecoin market downturn, BONK gains nearly 50% in two weeks. As a researcher with a background in crypto markets, I’ve witnessed numerous ups and downs within the memecoin sector. The recent surge of Bonk Inu (BONK) against the backdrop of an overall … Read more
As a researcher with a background in blockchain technology, I’m excited about the upcoming launch of Zeus Network’s Zeus Program Library (ZPL) that aims to connect Solana and Bitcoin ecosystems by Q3 2024. The potential of this cross-chain bridge is significant, as it unlocks a world of opportunities for decentralized applications (dApps) on Solana that … Read more
As a seasoned crypto investor with a deep understanding of the industry, I welcome this new bill introduced by Representatives Ferguson and Nickel to provide tax clarity for digital asset miners in the United States. The current complex taxation system has been causing confusion, double taxation, and even driving American businesses overseas. Two US legislators … Read more
As a researcher with a background in finance and cryptocurrencies, I find the recent Bitcoin (BTC) price crash intriguing. The 11.5% decrease between April 30 and May 1, resulting in $172 million in leveraged long position liquidations, might seem alarming at first glance. However, considering the current macroeconomic conditions and the relatively low number of … Read more
As a seasoned crypto investor with a deep understanding of the blockchain ecosystem, I’m excited about Ankr’s announcement of Bitcoin liquid staking tokens on Talus. Bitcoin, being the oldest and most liquid cryptocurrency, has always been in high demand for decentralized finance (DeFi) applications. However, its liquidity has traditionally been trapped within the Bitcoin L1, … Read more