Cardano (ADA) has experienced a significant decline in developer interest and activity recently. According to DeFi Llama, the number of monthly developer commits has dropped from 3,380 in May to 3,300 in June, and currently stands at less than 2,000 this month. This indicates a lack of enthusiasm and innovation within the Cardano ecosystem, leading
In recent days, the spot Bitcoin ETFs have been experiencing positive inflows, leading to a resurgence in the price of Bitcoin itself. Just today, the price of Bitcoin reached $66,000 for the first time in about a month. This marks a significant recovery for the cryptocurrency, which had previously dropped to a three-month low of
Jamie Coutts, the chief crypto analyst at Real Vision, has brought attention to an indicator that suggests a positive future for Bitcoin (BTC). According to Coutts, Bitcoin’s hash rate decline is slowing down, which typically signals a possible bottom and reversal from the current bearish trend. However, Coutts mentioned that any bullish movement still hinges
Over the last seven days, Bitcoin’s price has seen significant fluctuations, ranging from $54,000 to almost $60,000. Currently, it stands at around $58,000, according to data from Coingecko. Many analysts are predicting a potential surge in price, with some even speculating that Bitcoin could reach $90,000 to $100,000 in the near future. These predictions are
The world of stablecoins has seen significant shifts in market share over the last two years. While Tether’s USDT has long been a dominant force in the market, recent data from Kaiko shows a decline in its market share. In 2024, USDT’s market share on centralized exchanges dropped from 82% to 74%. This erosion of
Germany’s on-chain Bitcoin wallet balance has officially reached zero, indicating that the sell pressure from the European economic powerhouse is likely coming to an end. This news marks a significant shift in the market sentiment, as the bearish narrative that has been looming over the crypto market for weeks seems to be dissipating. With on-chain
The recent Bitcoin price crash back towards $56,000 has left many investors concerned about the future of the cryptocurrency. Despite a brief increase triggered by CPI data release showing lower than expected inflation rates, the bearish trend has persisted. One crypto analyst, Luca VIP, predicts that the decline is not over yet and expects the
Elon Musk, the CTO and chairman of X, recently took to social media to make some shocking claims about the European Commission. According to Musk, the EC allegedly offered X an “illegal secret deal” to censor speech in order to avoid being fined in the EU. Musk made these claims in response to the EC’s
Ethereum’s price has experienced a significant drop recently, marked by a second rejection from the $4,000 resistance level. The daily chart indicates a pattern of lower highs and lows since the failed attempt to break the $4,000 level. Additionally, the market has broken below the 200-day moving average at around $3,100. Currently, the price is
The recent closure of the SEC investigation into Hiro and the Stacks blockchain marks a significant milestone in the history of the Bitcoin Layer-2 network. After more than three years of scrutiny, the team is celebrating the conclusion of the investigation without any enforcement action recommended. This outcome is a testament to Hiro’s commitment to
