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Sindhu

Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.

Posts by Sindhu

Ethereum Cofounder Vitalik Buterin Redirects Focus Away from L2 Tokens

Ethereum Cofounder Vitalik Buterin Redirects Focus Away from L2 Tokens 

Vitalik Buterin’s decision to donate his L2 tokens instead of investing further highlights a critical market trend. Layer 2 solutions, such as Optimism and Arbitrum, have gained popularity. They offer much-needed scalability for Ethereum by processing transactions off-chain. However, Buterin’s recent announcement suggests he believes the market is overly focused

September 6, 2024 2 mins read
Will Bitcoin Price Fluctuations Settle Soon?

Bitcoin Perpetual Futures Signal Growing Market Pessimism

Bitcoin perpetual futures have been signaling growing market pessimism, as funding rates for these contracts have remained persistently below neutral. This trend indicates a bearish sentiment among traders and reflects a broader cautious outlook on Bitcoin’s price movements. Recent insights from K33 Research underscore that these low funding rates suggest

September 4, 2024 2 mins read
21Shares Launches Bitcoin Wrapper on Ethereum Introducing 21BTC

21Shares Launches Bitcoin Wrapper on Ethereum Introducing 21BTC

21Shares has officially launched 21BTC, a new Bitcoin wrapper on the Ethereum network. This product allows users to access Bitcoin’s value while utilizing the diverse functionalities of Ethereum’s decentralized finance (DeFi) ecosystem. By introducing 21BTC, 21Shares aims to bridge the gap between the two most dominant cryptocurrencies, offering a unique

September 4, 2024 2 mins read
NFT Market Collapses as 96 Percent of NFTs Become Inactive

NFT Market Collapses as 96 Percent of NFTs Become Inactive

The NFT market is facing a severe crisis, with a staggering 96% now considered “dead”, according to NFT Evening’s 2024 report. This designation applies to NFTs that exhibit no trading volume, minimal sales over seven days, and almost no social media activity. The report analyzed more than 5,000 NFT collections

September 4, 2024 2 mins read
BoJ Governor Signals Possible Rate Hikes as Inflation Persists

BoJ Governor Signals Possible Rate Hikes as Inflation Persists

Bank of Japan (BoJ) Governor Kazuo Ueda has hinted at the possibility of further rate hikes. This comes as the BoJ continues to assess economic conditions and inflation trends. Ueda’s remarks signal a potential shift in the bank’s monetary policy, aiming to address ongoing inflationary pressures. According to recent reports,

September 3, 2024 2 mins read
Tron Dominates with 46.54% Surge in Gas Revenue Amidst Market Shifts

Tron Dominates with 47% Surge in Gas Revenue Amidst Market Shifts

Tron’s gas revenue increased by 46.54% in August 2024, reaching $61.43 million according to data from Lookonchain. This surge significantly outpaced other major blockchain networks such as Ethereum, Solana, and Bitcoin, all of which saw declines in gas revenue during the same period. Ethereum’s gas revenue fell by 33.44%, Solana’s

September 3, 2024 2 mins read
VanEck Exec Refutes Claims on US Election's Impact on Bitcoin Price

Bitcoin Price Surges to $59K Reaching a Four-day High

Bitcoin’s price saw a notable movement today, reaching a four-day high of $59,200. This surge marks a significant turn after a downward trend that began in late August. The current price recovery raises questions about the underlying factors driving this shift and whether the momentum can be sustained. Bitcoin has

September 3, 2024 2 mins read
Vitalik Buterin Proposes Solution to Speed Up X’s Community Notes

Vitalik Buterin Highlights Glue and Coprocessor Architecture Benefits to Cryptography

Vitalik Buterin’s recent exploration into modern computing highlights a key trend: the division of tasks into “business logic” and “expensive work,” managed through a “glue and coprocessor” architecture. This approach revolutionizes various fields, notably cryptography, by enhancing efficiency and modularity. In computing, business logic handles the general, less intensive tasks,

September 2, 2024 2 mins read
Crypto Executives Host Fundraiser for Kamala Harris Amid Regulatory Concerns

Crypto Executives Host Fundraiser for Kamala Harris Amid Regulatory Concerns

Cryptocurrency executives are preparing a significant fundraiser for Vice President Kamala Harris in Washington on September 13, 2024, aiming to raise over $100,000. The fundraiser is scheduled between the Congressional Black Caucus and Congressional Hispanic Caucus conferences, aiming to attract a diverse donor base. Organized by crypto leaders such as

September 2, 2024 2 mins read
BounceBit CeDeFi V2 to Launch in September

BounceBit CeDeFi V2 to Launch in September

BounceBit (BB), a Bitcoin restaking chain project, will release its BounceBit V2 in September 2024. The company announced this update on X, highlighting a significant overhaul to its centralized decentralized finance (CeDeFi) platform and BounceClub. The focus will be on improving the user experience and adding new tools for smart

August 30, 2024 1 min read