Stacks (STX) prepares for Nakamoto upgrade: here’s what to expect

Stacks, the largest Bitcoin layer-2 network, is on the verge of a transformative upgrade known as Nakamoto. As the Nakamoto upgrade approaches, Stacks’ native token, STX, currently trading at $1.80, is up 68% from its August lows. Scheduled to begin this week, the Nakamoto upgrade promises to be a pivotal event for the platform, heralding […]

Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC

Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan. Over the past three days, Genesis Trading has moved approximately 32,256 BTC, valued at around $2.12 billion, and […]

SHIB prepares to eat one zero after burn rate jumps up 1,494%

Shiba Inu burn rate is up 1,494% after a massive burn of 147.5 million SHIB over the past week.  SHIB burn rate has steadily declined, weekly burn in October is similar to the daily burn in the month of August 2022.  A new Shiba Inu whale scooped up 3.36 trillion SHIB in a single transaction.  […]

Shiba Inu Price Prepares for Significant Move Following 23.3M SHIB Burn

Shiba Inu (SHIB) has been called many names — from ‘Doge killer’ to meme token. Nonetheless, with the SHIB supply shrinking, can demand kick price gains in gear? On Oct. 25, Shiba Inu’s burn rate spiked by a massive nearly 1800%, according to data from Shibburn. Despite the SHIB price moving in a narrow range […]