Author: News Room
Leading cryptocurrency exchange, Coinbase has released a new report delving into the restaking trends in Ethereum. The report, authored by analysts David Han and David Duong, explores how restaking could reshape validator incentives, potentially unlocking new opportunities and introducing complex risks. Coinbase analysts explain why restaking has emerged as a major theme within the crypto industry. Ethereum’s switch to proof-of-stake (PoS) has created a vast pool of staked ETH, far outpacing the requirements for network security. However, the introduction of restaking, particularly through liquid restaking tokens (LRTs), brings to the forefront both opportunities and risks for validators and the broader…
Many cryptocurrency users have not filed their tax returns, fearing that the Internal Revenue Service (IRS) might change regulations after they submit their returns, according to a cryptocurrency tax expert. The expert stated that the IRS has the discretion to apply laws retroactively or retrospectively interpret them. Complex Filing Process Clinton Donnelly, CEO of Crypto […] Read the full article here
Closely followed quant analyst PlanB believes that Bitcoin (BTC) can print more than 4X gains this market cycle. In a new strategy session, the on-chain analyst tells his 140,000 YouTube subscribers that it would be a letdown if Bitcoin ended the current bull market with a $200,000 price peak. PlanB says his stock-to-flow model, which compares the amount of a commodity in circulation divided by the amount produced every year, suggests that BTC will see an over 660% rally from current prices before the market cycle ends. “So the next top will not be in this year, 2024, but in…
On April 2, industry analytics provider Glassnode reported that long-term holders have started distributing BTC and selling to new investors at higher prices. “This represents an injection of new capital into the asset class, driving the realized cap up to new heights,” it added. Realized cap is a measure of cumulative USD liquidity ‘stored’ in the asset class. As the #Bitcoin Spot Price consolidates below the new ATH of $73k, the Long-Term Holder cohort has entered their distribution phase, selling to new investors at higher prices. This represents an injection of new capital into the asset class, driving the realized…
Although Bitcoin (BTC) has started to slow down the bullish momentum from the past weeks, a renowned cryptocurrency analyst is exceptionally optimistic regarding its price in the coming months and years, potentially even reaching the level of $1,000,000. As it happens, pseudonymous crypto trading expert PlanB has shared a detailed analysis and Bitcoin price prediction for 2024 and 2025, observing the previous and recent movements of the flagship decentralized finance (DeFi) asset on multiple charts analyzed in a video streamed on April 1. Specifically, the analyst pointed out on the Bitcoin stock-to-flow chart that the maiden crypto asset had a…
In an era where digital currencies and blockchain technology are reshaping our world, one project has emerged as a beacon of innovation and accessibility: Notcoin. A simple clicker game conceived in the minds of Sasha Plotvinov and his team at Open Builders, Notcoin has swiftly escalated into a phenomenon, captivating over 24 million users on Telegram since its inception. This staggering number not only surpasses the user acquisition rates of giants like Ethereum and Solana combined in 2023 but also places Notcoin on par with household names in the gaming industry in terms of concurrent online users. Amidst this whirlwind…
Although Shiba Inu (SHIB) has slowed down and started to reverse the gains it accumulated in previous weeks alongside the rest of the cryptocurrency market, it is recording increased activity on its network, particularly in terms of burning of its excess tokens. As it happens, the Shiba Inu network witnessed a massive growth in burn rate in March, having successfully burned as many as 15.6 billion SHIB tokens over the course of the month alone, according to the data obtained from the SHIB burn tracker platform Shibburn on April 2. In other words, the SHIB burn rate in March has…
The community is in turmoil as over $21 million in Solana (SOL) remains locked within Lido’s staking protocol. This situation has spotlighted the potential risks within decentralized finance (DeFi) systems. Why Users Are Unable to Withdraw Solana From Lido’s Staking Protocol Lido, a major player in the DeFi sector, enables users to stake their digital assets in exchange for placeholder tokens. These tokens can be used across different DeFi platforms. While the broader Lido ecosystem amasses over $31 billion in total value locked (TVL), its Solana service trailed behind competitors like Marinade and Jito. Finally, in October, Lido announced the…
On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain Arkon Energy has revealed its acquisition of 27,700 bitcoin application-specific integrated circuit (ASIC) mining […] Read the full article here
Popular trader IcedKnife told his 300K followers on X that DOGE seemed like the most obvious buy-and-hold play of the meme coin market. He then suggested the asset could reach new heights this cycle, with $1 being a “very likely” price target for DOGE. $DOGE seems like the most obvious brain dead spot buy and hold play I could think of don’t see a scenario where $DOGE doesn’t see new highs this cycle, $1 is very likely imo feel like this will be “obvious in hindsight” time will tell pic.twitter.com/TB3sdruK8g — Iced (@IcedKnife) April 2, 2024 The trader’s comments come…