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Bitcoin News
Three Months in, Coinbase NFT Has Been a Disaster
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Despite having more than four million users on its waitlist pre-launch, Coinbase's "Web3 social marketplace for NFTs" has been a resounding flop, registering about 2,000 times less in trading volume than its largest competitor, OpenSea,…
Ethereum Inches Closer to the Merge With Sepolia Testnet Launch
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Ethereum has successfully completed its latest testnet for “the Merge.”
Shutterstock cover by thvideostudio (edited by Mariia Kozyr)
Key Takeaways
Ethereum has shipped "the Merge" on Sepolia testnet.…
3AC Is Broke. What’s Next for Its Multi-Million Dollar NFT Collection?
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Starry Night Capital, the NFT fund launched by Three Arrows Capital, owns some of the world's most sought-after—and expensive—NFTs. As Three Arrows faces an insolvency crisis, could its art-focused fund be forced to liquidate its assets?…
Ethereum Gas Fees Hit 20-Month Low Amid Market Downturn
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The average transaction fee on Ethereum mainnet is currently just over $2, its lowest price since November 2020.
Shutterstock covers by sukrit3d and Illus_man (edited by Mariia Kozyr)
Key Takeaways…
Generative Art NFTs Are Booming Despite the Crypto Slump
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Although the crypto market has looked weak for several months, Anticyclone, Chromie Squiggle, and other generative art NFTs are holding strong.
Cover artwork: Anticyclone by William Mapan
Key Takeaways…
Polygon, Fantom Users Targeted in Ankr Gateway Hack
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Ankr confirmed that it was “investigating some reported issues” as news of the attack surfaced.
Shutterstock cover by Sashkin (edited by Mariia Kozyr)
The hack produced a popup window that encouraged…
Harmony’s Cross-Chain Bridge Exploited for $100M
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The Harmony team has notified law enforcement authorities and is working with forensic specialists to identify the attacker and retrieve the stolen funds.
Shutterstock cover by Minerva Studio
Key Takeaways…
Bitcoin Struggles to Rebound as Miner Capitulation Continues
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The top cryptocurrency faces increased selling pressure as miners offload their coins to stay solvent.
Shutterstock images by mstockwork and Inked Pixels
Key Takeaways
Multiple reports indicate that…
Which Projects Could Be Affected by 3AC’s Liquidity Crisis?
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Since launching in 2012, Su Zhu and Kyle Davies' Three Arrows Capital grew to become one of crypto's largest and most respected hedge funds. Now, the firm is battling its biggest crisis yet—and the impact could send shockwaves through the…
One Week Later, TRON’s Terra Ripoff Is Still Worth Less Than a Dollar
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In a move reminiscent of Terra’s UST collapse last month, TRON’s USDD lost its peg to the dollar on Jun. 13. One week later, it’s still trading below its price target—and that's after a $2 billion cash injection from the TRON DAO Reserve.…