Vitalik Buterin thinks ‘degen communism’ can make the crypto economy fairer and promote a common good amidst the market’s inherent chaos. The term ‘Degen communism’ merges the adventurous spirit of “degen” culture, known for its high-risk, high-reward investment strategies, with a structured approach to ensure that the fallout from market volatility disproportionately harms none. Advocating for this...
PeckShield reported the movement of assets from addresses related to the hacking of the Prisma Finance protocol. Analysts tracked the movement of funds in wallets involved in the criminal operation. Through two transactions, the hacker sent 1,840 Ethereum (ETH) worth about $6.5 million to the Tornado Cash mixer. After some time, experts noted that the attacker sent a message...
Last week, Terraform Labs founder Do Kwon grabbed headlines while spot Bitcoin ETFs witnessed a bearish turn. Meanwhile, Ethereum continues to come under regulatory scrutiny. Do Kwon released from prison A court in Montenegro denied Do Kwon’s appeal against his extradition to South Korea. However, Montenegro’s office of the prosecutor voiced against the development, asserting that Do Kwon’s extradition to...
Bitcoin and Ethereum options worth early $2.6 billion in notional value expired today amid a broader market pullback. According to Greeks.live, 25,000 BTC options expired, showcasing a Put Call Ratio of 0.56. The ratio indicates a higher interest in call options than puts, suggesting optimism among a segment of investors. The Max Pain point stood at $67,000 with...
OpenSea and the Seaport Working Group have released Seaport 1.6, the most recent version of the NFT marketplace protocol for the Ethereum Virtual Machine (EVM) ecosystem. ‘Seaport hooks,’ a new feature of the upgrade, is modeled around Uniswap v4 hooks. The goal of this feature is to facilitate the development of applications that increase NFTs’ utility and...
Investment products based on digital assets attracted $2.9 billion in the week from March 11 to March 15. According to a report from CoinShares, capital inflows broke the previously set record of $2.7 billion. The latest week’s inflows take year-to-date inflows to $13.2 billion, topping 2021 total inflows of $10.6 billion. At the same time, trading volumes for...
London braces for an influx of crypto exchange-traded products, sparking enthusiasm among large crypto ETF providers. As London prepares to embrace a new era of crypto exchange-traded products (ETPs), financial giants like CoinShares, WisdomTree, and ETC Group, are eagerly eyeing opportunities to list their offerings on the London Stock Exchange (LSE), the Financial Times has learned. The relaxation of regulations...
According to one options agency, declines in Bitcoin, Ethereum, and the total crypto market cap sparked short-term skepticism among traders. QCP Capital released a March 15 update pointing to volatility concerns in cryptocurrency markets as Bitcoin (BTC), the leading token, dropped below $66,000 for the first time in nearly two weeks. BTC was down over 5% in...
