Author: Admin-aX9d7
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Colosseum is something like a hackathon organizer mixed with Y Combinator for Solana startups. I tend to view its hackathon entries as a proxy for what Solana builders are interested in, and I see its hackathon winners as a potential proxy for what Solana venture investors find valuable. So this week on the Lightspeed podcast, I asked Colosseum co-founder Matty Taylor what he’s excited about from the organization’s newest hackathon, and his answer surprised me. “One of the things that we’re most excited about is sort of…
This is a segment from the Empire newsletter. To read full editions, subscribe. “I think the industry a year ago was messy, was very competitive,” LayerZero CEO Bryan Pellegrino told me. But it’s been “cleared up” thanks to the friendlier environment and overall adoption. Last month, the company saw $6 billion in transfers, he added, and $100 billion worth of assets were built on LayerZero. Admittedly, Pellegrino added, he still thinks of crypto as an underdog industry, one that’s fairly small. But now that he’s regularly meeting with the BlackRocks and PayPals of the world, it might be time for a…
Former U.S. President Donald Trump’s NFT collections trading volume spiked by more than 3700% following his surrender to authorities in Georgia on Aug. 24. According to Coingecko data, the former President’s collection Series 1 and 2 trading volume jumped by roughly 300% and 3,750% in the last 24 hours to 18.89 ETH ($31,429) and 9.88 ETH ($16,361), respectively. The increase in sales volume boosted the collection floor prices, with the first collection’s floor price and market capitalization rising to $313 and $14.07 million. Likewise, the second collection saw its floor price and market cap climb to $50 and $2.3 million.…
Key Takeaways:BTC liquidation levels, onchain data and chart setups converge at the $100K target.Profitability has surged, suggesting a rebound in market confidence.BTC breakout patterns point to $100K as a short-squeeze and euphoria magnet.Bitcoin (BTC) is flashing multiple technical and onchain signals suggesting that a rally to $100,000 is possible by May. Here are five charts making the case for a near-term breakout.BTC double bottom hints at $100,600 targetBTC’s daily chart has formed a textbook double bottom, confirming a breakout above the neckline resistance at $87,643. The structure projects a measured move to $100,575 or above.BTC/USD daily price chart. Source: TradingViewMomentum indicators…
This is a segment from the Empire newsletter. To read full editions, subscribe. M&A szn is still going strong. Kado Software, the Web3 payments infrastructure company, was acquired by Swapped.com. The team declined to disclose the terms of the deal, but it plans to grow the US operations for Swapped.com, which is a Denmark-based firm. Emery Andrew, Kado’s founder, told me that the team’s been weighing its options for a while — from debating a fundraise to looking for the right fit to acquire it. It was an obvious choice, he added. Especially because Andrew will stay on to help…
The amount of stolen funds from the Bybit hack that have slipped out of reach continues to rise as the days go by.On April 21, Bybit CEO Ben Zhou revealed that around $400 million, around 27.6% of the $1.4 billion in stolen Ethereum, can no longer be traced.This represents a sharp increase from March, when only 7.59% of the missing assets were untraceable.Crypto mixers fuel fund disappearanceZhou explained that the surge in untraceable funds stems from using crypto mixers and decentralized cross-chain services. While these tools are designed to enhance privacy, the attackers increasingly rely on them to conceal their…
19h05 ▪ 5 min read ▪ by Mikaia A. In the crypto universe, where every project dreams of replicating the pioneers’ successes, the illusion of easy replication remains strong. But some remind us that not all paths can be copied, especially when the irrational comes into play. While Ripple continues to surprise despite criticism, voices rise to warn that Ethereum will not be able to follow the same path. Between narratives, fundamentals, and market maturity, the debate ignites at the heights of the cryptosphere. In brief Yakovenko believes that XRP follows an irrational dynamic that is impossible to copy. Omid…
The following is a guest post by Anil Oncu, CEO of Bitpace.Since its inception in 2020, the European Union’s Markets in Crypto-Assets (MiCA) regulation has shed a new light on the European crypto industry. While many have considered the continent a less important player, the fledgling regulation has introduced a new narrative—one where Europe paves a new path for crypto rather than trailing behind the US or Asia in blockchain innovation. MiCA, and the standards it sets, might be the push companies need to deliver better products for all.Delivering these standards is not without its speedbumps. Earlier this month, Coinbase…
Opinion by: Hedi Navazan, chief compliance officer at 1inchWeb3 needs a clear regulatory system that addresses innovation bottlenecks and user safety in decentralized finance (DeFi). A one-size-fits-all approach cannot be achieved to regulate DeFi. The industry needs custom, risk-based approaches that balance innovation, security and compliance.DeFi’s challenges and rulesA common critique is that regulatory scrutiny leads to the death of innovation, tracing this situation back to the Biden administration. In 2022, uncertainty for crypto businesses increased following lawsuits against Coinbase, Binance and OpenSea for alleged violations of securities laws.Under the US administration, the Securities and Exchange Commission agreed to dismiss…
U.S. spot bitcoin exchange-traded funds amassed $3.06 billion in inflows last week, according to newly published figures. Meanwhile, Blackrock’s IBIT fund edges closer to the 600,000 BTC threshold, requiring just 11,314 BTC to eclipse this significant benchmark. Three Bitcoin ETFs Now Hold Almost 1 Million BTC Combined Data compiled by sosovalue.com reveals that since Jan. […]