Market Analysis

Ethereum price enters ‘oversold’ zone for the first time since November 2018

Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI). This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it. Note, you can push […]

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Market Analysis

Ethereum price enters ‘oversold’ zone for the first time since November 2018

Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI). This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it. Note, you can push […]

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Market Analysis

Bitcoin “Is Failing as an Electronic Cash System”: Edward Snowden

Key Takeaways Edward Snowden has said that he is “very much a fan” of Bitcoin, but he thinks that its lack of privacy could mean it fails in the long term. The American whistleblower said that there are multiple crypto assets that can be thought of as money akin to gold rather than currencies. He […]

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Market Analysis

Axie Infinity: AXS price risks deeper losses despite 90% drawdown already

Axie Infinity (AXS) has dropped by roughly 90% after peaking out at $172 in November 2021. AXS’s sharp correction has made it one of the worst performing digital assets among the top-ranking cryptocurrencies. Moreover, it could undergo further declines in the coming months, according to a mix of technical and fundamental catalysts listed below. Low […]

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Market Analysis

NFT Project Spotlight: fxhash, the Tezos-Based Generative Art Platform

Key Takeaways fxhash is a generative art platform that lets anyone upload their code and mint the outputs as Tezos NFTs. The project focuses on making generative art more accessible for both creators and collectors. The success of fxhash and other generative art platforms such as Art Blocks signals the growing interest in generative art […]

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Market Analysis

Forget Web3, Dorsey’s TBD Says. Web5 Is the Future Now

Key Takeaways Jack Dorsey’s TBD has announced that it will build a decentralized web platform on top of Bitcoin called Web5. Whereas Ethereum and Web3 have focused on tokenization, Web5 will largely focus on identity management. Dorsey said he believes that Web5 will be his team’s most significant contribution to the Internet. Jack Dorsey’s TBD […]

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Market Analysis

Lido-Staked ETH Prices Slip Due to Liquidity Issues

Key Takeaways The price of Lido-staked ETH has slipped by 5% on Curve due to a large imbalance in liquidity distribution within the pool. Lido says that stETH is backed 1:1 with ETH. It argues the price difference is due to markets, not the state of Lido itself. The disparity may be caused by withdrawals […]

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Market Analysis

Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate

Global financial markets and crypto sold off after June 10’s 8.6% CPI print showed inflation remains a persistent challenge. 4584 Total views 38 Total shares Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since […]

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Market Analysis

Ethereum Optimism Thief Returns $16M in Stolen Tokens

The attacker who stole 20 million OP tokens due to a Wintermute wallet blunder has returned most of their haul. The attacker also sent 1 million OP to Vitalik Buterin and retained 2 million tokens as a bounty reward.  Optimism Attacker Gives Back Loot The attacker who stole 20 million OP tokens thanks to a […]

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Market Analysis

U.S. Inflation Hits Four-Decade High of 8.6%

Key Takeaways Today’s U.S. inflation numbers came in at 8.6%, hitting a fresh 41-year high and significantly exceeding economists’ expectations. Inflation reaccelerating despite the Federal Reserve’s efforts to tame it down signals a bearish outlook for risky assets like stocks and cryptocurrencies. The two largest cryptocurrencies, Bitcoin and Ethereum, fell by 2.6% and 3.7% on […]

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