Markets
Summary TLDR: The valuation of layer 2 networks is determined by their expected usage in various industries like metaverse, banking, and gaming. Key Points 1. The…
Summary VanEck predicts Ethereum’s Layer-2 networks will reach a $1 trillion valuation by 2030, based on smart contract market share and revenue projections. L2 solutions like…
Summary TLDR: The Cosmos ecosystem expansion will increase the use of FRAX and sFRAX in various applications and provide Cosmos users with a decentralized option to…
Summary TLDR: The Wormhole token dropped 26% after an airdrop distributed 617.3 million W tokens. Scammers are taking advantage of the token’s popularity with phishing scams,…
Summary TLDR: KuCoin’s user-held reserves dropped by 20% amid a surge in withdrawals and allegations of anti-money laundering violations from the US government. The exchange’s latest…
Summary TLDR: Solana (SOL) has been struggling to surpass $200, leading to a decrease in investor optimism. Open Interest and funding rate have dropped, indicating a…
Summary Grayscale and BlackRock are big players in the Bitcoin ETF market, with BlackRock’s iShares Bitcoin Trust quickly catching up to Grayscale’s Bitcoin Trust. Grayscale’s high…
Summary TLDR: Injective (INJ) price is attempting to recover after falling through $35 support level, with crypto whales likely driving the recovery. Whales accumulated over 740,000…
Summary TLDR: The first quarter of 2024 saw a rise in sophisticated security threats in Web3, with $739.7 million stolen. PlayDapp faced a major security breach…
Summary TLDR: TRON’s price dynamics suggest lower volatility and a move towards consolidation, with the RSI at a neutral level. Decrease in trader activity and a…