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According to Bloomberg, the 90-day correlation coefficient between Bitcoin and the Nasdaq 100 index, a tech-heavy benchmark, reached 0.46 this week—the highest since late August. A coefficient of 1 indicates that assets move in perfect sync, while -1 suggests they move in opposite directions. Per the article, when the Fed…

Pro XRP Lawyer Bill Morgan has publicly criticized SEC Chair Gary Gensler’s recent actions within the cryptocurrency space, particularly highlighting Gensler’s perceived lack of understanding of the industry. This critique stems from observations made by an MIT professor who asserted that Gensler had limited knowledge of cryptocurrencies upon joining @joi…

In recent months, the Pendle token ecosystem has experienced a significant surge in thefts, with over $10 million worth of Pendle yield tokens stolen due to security breaches. This alarming trend underscores the pressing need for heightened vigilance among cryptocurrency users. The majority of these thefts have been facilitated through…

The Web3 gaming world is entering a fiercely competitive era as years of development and investment start to deliver on the promise this space has long held. Anyone who attended the recent Games Developers Conference (GDC) 2024 will have seen that Web3 games are far more mature than most would…

In a groundbreaking development, recent 13F disclosures have revealed that corporate firms worldwide have significantly increased their investments in the U.S. Spot Bitcoin ETFs. The data suggests that 937 institutional investors have considered investing in thes ETF products with over $10 billion AUM contribution. Read the full article here

Ethereum Price Analysis: Ethereum, the second-largest cryptocurrency by market cap entered a fresh rally in mid-week and rebounded from $2860 monthly support. This renewed buying interest bolstered by the Bitcoin price jump to $67000 on Friday has surged the ETH price to an 8.7% gain. However, an analysis of the…

American citizens, and perhaps citizens of the broader Western world, are nervous about the future. Voters continually express wariness and pessimism about new and emerging technologies, from fears about self-driving cars to apprehension about the impact of AI. This pessimism naturally bleeds into the political realm, leaving more than four…