Author: coinadrenaline
Tencent, a Chinese technology and holding company with a global footprint, is reportedly exploring the possibility of acquiring game developer and publisher Nexon.Representatives from the tech company contacted the family of Nexon founder Kim Jung-ju to explore a potential deal, but no concrete terms have been reached and a deal is not guaranteed, according to Bloomberg.Nexon is the South Korean video game developer behind the MapleStory series, a massively multiplayer online role-playing game (MMORPG) that first gained popularity in the early 2000s as a traditional PC game.Web3 gaming continues to be a closely watched use case for blockchain technology as…
Today, Galaxy Digital CEO Mike Novogratz told CNBC that Bitcoin is on a path to replace gold and could eventually reach a value of $1,000,000. “Bitcoin has become a macro asset,” said Novogratz. “And some of the great things is most people have it on their screens next to gold and silver and the S&P. And you think back ten years ago when people thought we were crazy. And now it’s an institutionalized macro asset… It’s just becoming institutionalized.” He emphasized that Bitcoin is no longer a fringe investment but part of the mainstream financial landscape. He pointed out that…
The Altcoin Season Index shows that altcoins are in an accumulation phase. 23% of altcoins could potentially lead the market rally, while others may follow. Altcoin performance has been underwhelming of late, although a few assets have reached new all-time highs, including Solana [SOL] and Hyperliquid [HYPE]. The CoinMarketCap Altcoin Season Index was 29/100 at press time—signifying that, for now, these assets have attracted only limited liquidity, with Bitcoin [BTC] benefiting the most. AMBCrypto’s analysis, however, reveals something more interesting: the factors behind a potential altseason, the current market stage, and historical comparisons. Here’s what’s delaying the altseason Per Alphractal,…
On Thursday, bitcoin slid into a steady decline, slipping beneath the $106,000 threshold and touching a fresh intraday low of $105,798. By 7:30 p.m. Eastern time on June 12, the top cryptocurrency had dropped 2.3% against the greenback. Bitcoin’s Slump Sends Waves Through $3.32T Crypto Market Overall, the mood stays gloomy, with bitcoin traders likely […]
In Sub-Saharan Africa, only 3% of 48 million smallholder farmers are insured. Owning 1 acre of land and earning approximately $1.40 per person per day characterize a smallholder farmer. Smallholder farmers often own a mixture of cash crops and subsistence or non-commercial farming; and, they lack the financial and technological resources of large-scale industrial farms. As extreme weather events become ever more frequent due to climate change, one flood or drought can push such farmers into the spiraling cycle of poverty without protection by means of crop insurance. The following is an update from Ethereum Foundation Fellow Benson Njuguna. Benson…
Crypto.com today rolled out its boldest credit card offering yet with the launch of the Crypto.com Visa Signature® Credit Card, inviting U.S. consumers to “Spend in dollars. Earn in crypto.” The new card features industry-leading cashback rates and a suite of premium perks, all delivered directly through the Crypto.com App. In a strategic play to win over mainstream spenders, the Visa Signature card offers 3.5% back in CRO‡ on all purchases for the first 12 months—with rates reverting to 3% thereafter—alongside a $500 CRO welcome bonus for new cardholders who meet the initial spend threshold. Cardholders can manage their balances,…
Key takeaways:President Trump’s One Big Beautiful Bill could add over $2.4 trillion to the US debt, accelerating a looming debt crisis and spiking inflation.Inflation and dollar devaluation remain the path of least resistance in the US economy, eroding the real value of cash and bonds.Bitcoin can offer a hedge, but only if held in self-custody, as custodial platforms may not survive a lengthy phase of financial repression.“Devaluations typically occur fairly abruptly during debt crises.” This quote from Ray Dalio’s book, “The Changing World Order,” hits harder today than when the billionaire hedge fund manager first wrote it in 2021. And…
Key takeaways:SOL’s futures open interest surged to a 2-year high, reflecting growing institutional interest.Rising competition from other blockchains and neutral funding rates continue to dampen SOL’s bullish momentum.Solana’s SOL (SOL) failed to hold its bullish momentum after gaining 10% between Monday and Thursday. The cryptocurrency has shown weakness after testing the $180 level several times in May, but traders’ growing interest in leveraged positions could open the path to $200 and beyond.SOL futures aggregate open interest, SOL. Source: CoinGlassOn Wednesday, total open interest on SOL futures reached 46.2 million SOL, the highest in over two years and up 22% from…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Cardano’s ADA has joined the Nasdaq Crypto Index, moving from the sidelines into the institutional spotlight. According to Nasdaq filings, this shift brings ADA alongside Bitcoin and Ethereum in one of the main benchmarks watched by big investors. It’s a sign that regulators and asset managers…
Note: this post was updated on April 4, 2022 to include a full copy of the Client Incentive Program details. A diverse set of clients is key to the Ethereum network’s health and decentralization. Diversity ensures that innovation continues at the base layer of the protocol, that the network is resilient in the face of potential attacks or bugs, and that a broad set of participants are engaged in debating potential changes to core protocol. While clients provide an essential service to the network (without them, there is no network!), it has historically been difficult for them to capture value.…