Author: Admin-aX9d7

This is The Riff segment from a recent edition of the Empire newsletter, where newsletter writer Katherine Ross and other contributors opine on recent happenings in crypto. To read full editions, subscribe. On our minds: Content coins Katherine Ross: I’m of two minds here.  First (and this was my gut reaction), I wonder if we really need another segment that lacks inherent utility. And, like I wrote above, is this something that lasts? You all know my background prior to crypto. So you know I’m a big fan of things like fundamentals that can help better gauge value.  But the other…

ARK Invest has significantly revised its long-term outlook for Bitcoin, now projecting a bull case price target of approximately $2.4 million by 2030. The report lays out a comprehensive modeling framework based on Bitcoin’s total addressable market (TAM) potential, adoption trends, and assumptions around supply dynamics. The updated target represents a compound annual growth rate (CAGR) of ~72% between December 31, 2024 and December 31, 2030. In comparison, ARK’s base and bear case estimates stand at $1.2 million (CAGR ~53%) and $500,000 (CAGR ~32%), respectively. Image via ARK Invest “Institutional investment contributes the most to our bull case,” the report…

The Ethereum Foundation (EF) is sharpening its focus on improving the Layer 1 network and enhancing the user experience through a series of upcoming protocol upgrades.On April 21, Tomasz Stańczak, the incoming co-director at EF, confirmed that the organization is shifting its research priorities. The new focus will center on Layer 1 performance, continued support for Layer 2 expansion, and tackling usability challenges that have persisted in the Ethereum ecosystem.He stated:“Within the EF we will shift much of our research effort toward near‑term goals, aiming to address user experience and scaling challenges in the next two protocol upgrades.”This means the…

This is a segment from the Empire newsletter. To read full editions, subscribe. Since last week, Base’s Jesse Pollak has been very busy posting about content coins and prompting folks in his replies to coin everything, though that’s come with some mixed results.  Before we get into Pollak’s bullish thought process, I asked him about the now-deleted post promoting an image of a girl from Hinge being coined. The image was a screenshot taken from the dating site, and it’s unclear if the girl consented to the image being not only used on social media but also being put onchain.…

Blockchain security firm Cyvers has reported a major security breach that affected DeFi platform Abracadabra’s MIM_Spell platform.The attack led to the loss of 6,262 ETH, equivalent to around $12.9 million.According to Cyvers, the attacker quickly bridged the stolen ETH to the Ethereum network and distributed the funds across three newly generated wallets.MIM confirms breachOn March 25, MIM confirmed the exploit in a statement without disclosing the stolen amount.According to the platform, the exploit targeted its gmCauldron smart contracts, which had passed audits conducted by Guardian Audits, the team that reviewed GMX’s core infrastructure.The platform also highlighted the presence of additional…

As Bitcoin sustained crowns above the $87,000 mark, Solana, the sixth-biggest cryptocurrency, trades at $138. With a 4% surge over the past seven days, Solana holds a market cap of $71 billion.  Currently, it faces opposition to surpass the $140 mark, despite signaling a potential trend reversal. Will the bullish struggle lead to the $150 breakout rally? Or is the $131 retest inevitable? Let’s find out. Solana Price Analysis In the daily chart, the Solana price analysis showcases a bullish breakout of a falling wedge pattern. With the wedge breakout rally, Solana heads to the $140 mark. This accounts for…

12h05 ▪ 6 min read ▪ by Evans S. The global financial geography is undergoing a spectacular transformation. Far from the sterile skyscrapers of Wall Street or centuries-old Swiss banks, a new map is emerging: that of cities that have embraced the blockchain revolution without complexes. Ljubljana, the Slovenian capital nestled between the Alps and the Balkans, embodies this metamorphosis. With regulatory boldness and an already established crypto culture, it now surpasses Hong Kong and Zurich. How did this city of 300,000 inhabitants manage to dominate the game? The answer lies in a subtle mix of legislative pragmatism, agile infrastructures,…

Bitcoin adoption among United States financial institutions could see a major boost after the US Federal Reserve withdrew its guidance discouraging banks from engaging with cryptocurrency.On April 24, the Fed withdrew its 2022 supervisory letter that served as guidance to deter banks from engaging in crypto and stablecoin activities. The withdrawal spurred a notable uplift in Bitcoin (BTC) investor sentiment.The Federal Reserve Board’s withdrawal giving banks guidance on crypto activities. Source: Federal ReserveThe 2022 guidance initially warned that crypto may pose risks to investors and the stability of the US financial system.The Fed’s move means that “banks are now free…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.  The final known Satoshi email was sent to Mike Hearn, one of the earliest Bitcoin contributors and former Google engineer, in April 2011.  By that point, Bitcoin had been running for 840 days, or less than two and a half years. Satoshi previously said they had been working on Bitcoin’s design since 2007 — so at most they were active in Bitcoin development for about four years. Hearn, who has since stepped back from Bitcoin, had kept up emails with Satoshi even after their final post…

The Federal Reserve has joined its fellow U.S. banking regulators in deleting its crypto guidance of previous years, including notices that banks should get pre-approvals before they get involved in crypto activity.Now, all three agencies — including the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. — have joined in reversing those previous policies, leaving crypto matters at banks in the hands of their managers and compliance executives. In the absence of guidance, the banking industry awaits new laws from Congress to define how the digital assets industry should operate in the U.S.”These actions ensure…