Solana-based DeFi aggregator, Step Finance, along with two other affiliate projects, SolanaFloor and Remora Markets, announced plans to shut down all operations with immediate effect. The decision follows the aftermath of a major security incident earlier this year. Hack, Halt, Shutdown In a statement shared on X, the teams said the decision came after exploring […]
The intense volatility in the cryptocurrency markets continues as bitcoin just shot up to $67,000 after plunging to $63,000 this morning. The most likely reason for all the Saturday fluctuations is the quickly escalating situation in the Middle East, and the latest reports hinting at a regime change in Iran. It all started this morning […]
Ethereum co-founder Vitalik Buterin has shared a quantum resistance roadmap for the ecosystem. This follows the identification of post-quantum readiness as a critical consideration across several areas of development. Quantum Security Upgrades In a post shared on social media, Buterin outlined specific parts of the network that could face vulnerabilities from advances in quantum computing, […]
Jack Dorsey announced that Block is reducing its workforce by nearly half, cutting more than 4,000 employees and bringing total headcount from over 10,000 to just under 6,000. In a note shared publicly on X, Dorsey described the move as “one of the hardest decisions in the history” of the company and said all employees […]
The enhanced price volatility this week continues, as bitcoin has started to lose value rapidly once again, dropping to a multi-day low of well under $63,600. The latest leg down was likely prompted by the quickly escalating global tension, especially between the two old enemies – Iran and Israel. The breaking story started to develop […]
Reid Hoffman, the prominent venture capitalist and co-founder of the world’s leading professional networking service, LinkedIn, is heavily invested in Ethereum, according to Arkham Intelligence. Data cited by the firm shows Hoffman holds $6.1 million worth of ETH in a publicly known address. He also owns a CryptoPunk NFT, which was purchased for 150 ETH […]
Bitcoin perpetual funding rates on major exchanges have flipped negative, signaling that short sellers now dominate the derivatives market and are paying to keep their positions open. While negative funding typically reflects bearish sentiment, one analyst is interpreting the current extreme as a potential setup for a short squeeze, arguing that excessive short positioning often […]
Around 115,500 Bitcoin options contracts will expire on Friday, Feb. 27, with a notional value of roughly $7.8 billion. This event is much larger than usual because it is the end of the month, so there could be a little volatility on spot markets. Crypto markets have seen a little daylight with a mid-week lift, […]
The total fees paid on the Binance Smart Chain (BSC) recently fell to approximately $593,000, marking the network’s lowest usage cost since at least August 2025. This collapse in transaction activity on one of crypto’s busiest highways is reviving memories of a similar demand drought last summer that immediately preceded a 95% rally in Bitcoin […]
Bitwise’s Chief Investment Officer Matt Hougan believes there is a fundamental disconnect between perception and reality in the crypto market. He argued that investors often misinterpret what is truly happening because behavioral biases, particularly anchoring bias, distort their view. Anchoring bias, the tendency to fixate on the first piece of information encountered, shapes how people […]