Bitcoin
VanEck’s HODL and Valkyrie’s BRRR reference longstanding jokes and memes within the crypto ecosystem, and the tickers could emerge as a differentiating factor for attracting potential investors.
There are arguments both for and against continuing to own shares of the software company that’s become a proxy for Bitcoin, owing to the massive amounts of the cryptocurrency it has on its books.
Tech
The TrueUSD stablecoin fell from its dollar peg to a low of $0.984 late on Monday after traders observed large selling volume on crypto exchange Binance.
NFTs
The ASC-20 token standard on the Avalanche blockchain has garnered significant interest from market participants following the popularity of Bitcoin Ordinals.
Unchained
Unchained is looking for a senior editor to help assign and edit daily news stories, as well as work on features and other editorial projects as needed, as we expand.
Analysts believe Riot, TeraWulf and Cleanspark will be the Bitcoin miners best positioned for the upcoming halving event, which will likely make breaking even a more difficult task.
DeFi
Rainbow Drainer and Node Drainer were the two most profitable wallet drainers behind the phishing campaigns that stole millions of crypto from over 3,000 users.
Not since Jan. 2022 have the most adept on-chain traders held such a low percentage of their holdings in stablecoins, says the blockchain research firm.
The first day of trading also included outflows for the Grayscale Bitcoin Trust (GBTC), but these were largely expected.
Grayscale’s GBTC and iShares IBIT accounted for more than 70% of the $4.6 billion in volume recorded on the first day of trading.
