Traders holding Bitcoin on margin may be in for an unpleasant shock as the digital currency reaches a significant juncture, potentially leading to unpredictable price swings, caution analysts. “HoneyBadger, a pseudonymous crypto trader, stated in a recent April 11 post on X that the market was previously quite forgiving, but now there’s excessive leverage and … Read more
Market analysts believe that the period when lesser-known cryptocurrencies significantly increase in value during a bull market, often referred to as “altseason,” may be just around the corner. April 11 marked the observation by trader and analyst ‘Rekt Capital’ that the total market value of altcoins has remained steady, despite Bitcoin’s (BTC) price fluctuating significantly … Read more
Solana handled more transactions than the next 9 chains combined. Solana was the third-highest revenue generator in March. In Q1 2024, Solana (SOL) stood out as the most frequently used blockchain, gaining significant popularity. A look at Solana’s Q1 achievements In the first quarter, Solana processed an impressive number of transactions totaling 2.4 billion, as … Read more
Smart contracts deployed on the Avalanche network declined significantly over the last few weeks. Activity and DEX volumes on the network also fell, however, TVL remained high. Over the past few weeks, AVAX, or Avalanche, has remained relatively stable without showing significant reaction to market fluctuations. Yet, behind the scenes, the Avalanche network itself has … Read more
Over the past two days, approximately $200 million in user funds have been withdrawn from MarginFi, a Solana lending protocol, due to the unexpected departure of its CEO and subsequent allegations of misconduct from rival platforms. April 10 saw Edgar Pavlovsky, previous CEO of MarginFi, unexpectedly stepping down from his position. He attributed his departure … Read more
Michael Sonnenshein, Grayscale’s CEO, mentioned that their leading Bitcoin (BTC) exchange-traded fund (ETF) will decrease its fees in due time, which is currently the highest among all US spot Bitcoin ETFs. However, he added that this reduction would occur once the products have fully developed. At Canaccord Genuity’s Digital Assets Symposium on April 10, Sonnenshein … Read more