Author: Redazione

In the third quarter of 2024, the cryptocurrency landscape is undergoing a pivotal transformation, with Solana emerging as the undisputed leader in the market. The blockchain has recorded impressive figures, with 96,010 new tokens launched out of a total of 110,180, representing 87% of all new tokens on DEXs. This dominance is also reflected in the user base, with a record 86.36 million active addresses in September, marking a 228% increase compared to the previous month. Solana’s growth is not an isolated phenomenon but is part of a broader evolution within the crypto market. While the blockchain competes with Base…

With the arrival of October, historically a positive month for the cryptocurrency market, investors are looking closely at the possibility of a new Bitcoin bullrun. The term ‘Uptober’ has become a mantra for optimists in the sector, especially in light of the latest developments that seem to point to a new bull run for the king of cryptocurrencies. But what is really going on behind the scenes? Let’s see it together. Let’s start with the macroeconomic factors. One of the main drivers for the next bullish cycle could be related to institutional developments. According to CleanSpark CEO Zach Bradford, Bitcoin…

The next bullrun of the cryptocurrency market now seems to be upon us, but signs indicate that it could be very different from the previous explosions of 2019 and 2022. Not only has liquidity dropped dramatically, but the ecosystem itself is undergoing significant transformations, with less participation from retailers and a concentration of resources on increasingly institutional products, such as ETFs. These changes could reshape market dynamics, creating new challenges and opportunities. In recent months, institutional funds have gained ground, shifting their focus to regulated and safer products. Bitcoin-related ETFs, such as those managed by BlackRock, Fidelity and Ark Invest,…

In recent months, the cryptocurrency world has seen interesting and ongoing evolutions, especially with the launch of Ethereum ETFs, the rise of the LayerZero protocol and the development of scalability solutions for Bitcoin. These innovations are opening up new avenues for institutional investors and crypto users, marking a stage of maturity for the industry. Ethereum ETFs were launched in the US on 23 July 2024, and have since accumulated $13 billion in cumulative spot volume across nine funds. Although this figure seems modest compared to the $13 billion achieved by Bitcoin ETFs in the first seven days, daily trading volume…

Venture capital (VC) firms have stepped up their efforts to raise funds in the cryptocurrency sector in 2024, with over $2.2 billion already raised through August. Despite the challenges of the market, funds continue to support promising projects, and in the last period at least half a dozen VCs have collectively raised over USD 500 million. Notable examples include ParaFi Capital’s $120m fund, Borderless Capital’s $100m fund, and the $77m raised by Hack VC. Looking beyond Bitcoin and the most capitalised cryptos, an interesting aspect is the focus on DePIN (Decentralised Physical Infrastructure Networks) projects. These projects exploit blockchain technology…

The cryptocurrency world continues to experience high volatility and structural changes. Between the increase in on-chain liquidations and the decrease in miner revenues, the industry is going through economic challenges that could affect its future. On the other hand, innovative solutions such as Coinbase’s Layer 2 network, Base, show that there are still ample opportunities for growth. Let us analyse these dynamics in detail. On 13 September 2024, the daily revenues of Bitcoin miners amounted to $25.35 million, but only $398,860 came from transaction fees, representing a mere 1.6% of the total. This figure is indicative of an increasing dependence…

Over the past few days, the crypto world has seen major movements, influenced not only by economic fluctuations but also by political events of great impact. Bitcoin and Ethereum have seen significant increases, partly due to expectations regarding the Federal Reserve’s monetary policies and events that have shaken American politics. We analyse what is happening and what the possible future consequences are. One of the most relevant news items in recent days concerns expectations of an interest rate cut by the Federal Reserve. Analysts now predict a 50 basis point cut, information that is fuelling growing optimism in the cryptocurrency…

MicroStrategy, one of the most influential companies in the cryptocurrency world, has taken another big step in its Bitcoin accumulation strategy. Recently, the company announced the purchase of 18,300 Bitcoins, significantly increasing its already vast reserve. This purchase confirms the Michael Saylor-led company’s commitment to long-term investment in BTC, considered as a store of value similar to digital gold. The purchase came at a time when the cryptocurrency market is going through a period of growth and volatility. The total value of the deal is estimated at over $500 million, an amount that highlights the importance MicroStrategy attaches to its…

August 2024 was a month of great volatility in the crypto markets, marked by a cascade of on-chain liquidations, particularly on Ethereum. Total liquidations exceeded $436 million, with Aave accounting for 66% of these. This event was the second largest in history, second only to May 2021, when liquidations had reached 671 million. The 22% month-on-month decline in the price of ETH contributed to this, reducing the value of DeFi’s loan guarantees. Liquidations occurred due to the falling loan-to-value ratio, which led to forced sales and further pressure on the ETH price. Despite this, September, historically a weak month for…

The world of election forecasting is undergoing a major transformation, and cryptocurrencies are at the centre of this evolution. Recently, the Commodity Futures Trading Commission (CFTC) filed an emergency action to prevent the Kalshi platform from listing contracts based on election forecasts. This action comes amidst an increasingly uncertain regulatory environment in which the relationship between financial markets and election forecasts based on cryptocurrencies is under scrutiny. While Kalshi faces obstacles, another platform is consolidating its position as a leader in the industry: Polymarket. This cryptocurrency-based forecasting marketplace has surpassed $100 million in open interest, marking an exponential growth of…