The crypto market faced one of its significant drops this week. In this video we conduct a narrative analysis across different sources to try to understand why the drop happened and where we go from here.

The Chia network and its XCH cryptocurrency got a boost from Elon Musk’s recent lambasting of Bitcoin’s energy consumption.  Last week, Chia was trending on Twitter and in the five days since May 12  ̶ when Musk tweeted that he would no longer be accepting Bitcoin as a payment mechanism for Teslas because of Bitcoin’s…

Energy-efficient blockchains are leading the crypto rebound after Elon Musk, Tesla CEO, shocked the crypto world yesterday saying the car manufacturer “has suspended vehicle purchases using Bitcoin” because of the fossil fuels needed to run the network.  Cryptocurrencies running on the Proof-of-Stake consensus mechanism, which is more energy-efficient than Bitcoin’s Proof-of-Work mechanism, make up six…

Of the top 100 coins and tokens by market cap, the 10 biggest gainers of the week are a bit surprising. As of May 11, the list includes four smart contract platforms with difficult to discern adoption and four tokens with equally questionable utility. In the lead, up 204% on the week, is Telcoin. The…

Crypto markets experienced a severe correction over the weekend, with most assets dropping double digits. While difficult to pinpoint a specific cause for the drop, it is evident that the high amounts of liquidations arise from an overleveraged market.  Both derivatives markets and decentralized lending markets experienced tumultuous action during the weekend. On-chain activity points…

The Ethereum Berlin hard fork ships tomorrow. The upgrade contains four Ethereum improvement proposals (EIPs) mainly aimed at optimizing gas costs, and is the first of its kind since Muir Glacier shipped on Jan. 2 2020. “Hard forks” are a result of distributed networks like Ethereum upgrading or making changes in their software. Node operators…

The so-called “Kimchi Premium,” the difference between Bitcoin’s price on South Korean exchanges versus the international price spiked to 23% before dropping to roughly 14% at the time of writing. This meant that BTC traded for almost $70K on Apr. 5 in South Korea, while the price was around $58K internationally. The 23% peak is…

Filecoin’s token is soaring by the most in all of crypto.  FIL  has jumped 168% to $231 in the last week, the most among the top 100 tokens listed on CoinGecko. The project raised $52M in a presale and $205.8 million dollars in an ICO during the 2017 crypto boom only to largely fall off…

While searches for “NFTs” have outpaced those for “DeFi” by seven to one at the close of 2021’s first quarter, DeFi has quietly doubled or tripled by most key metrics. Deposits in Ethereum-based DeFi more than doubled to $37.7B from $16.6B at the start of the year, according to DeBank, besting 2020s Q4’s 90% increase…

MobileCoin (MOB) is up more than five times in the last 48 hours after a trader was borrowing what was at one point $120k worth of the token per hour to short it, according to crypto influencer who goes by Donny Crypto on Twitter. MOB is the MobileCoin project’s token and is intended for use…