It’s All About Crypto Blog
44 Days of Waiting… and a Wall of ETH Ready to Hit the Market
Over $11 billion worth of ETH is currently sitting in the unstaking queue. That’s the largest amount ever waiting to leave Ethereum staking. Most of that ETH is likely headed straight for the market - holders are looking to cash out while ETH is trading high. But here’s the catch: the average wait time is almost a month and a half - 44 days. And if...
Crypto P2P Crackdown in Thailand
Thai banks have frozen over 3 million accounts at the request of the Cyber Crime Investigation Bureau, and the central bank has warned that the number could climb even higher. On top of that, new limits on transfers have been introduced. Bitcoin enthusiasts were quick to comment that this move is basically free advertising for Bitcoin. At first glance, it might...
The Crypto Fee Paradox: Why No One Protests
In my previous article, I covered cryptocurrencies with fixed or zero transaction fees and mentioned IOTA — a network originally designed to enable feeless transfers. Just a few days later, I received a surprising comment on X: Naturally, I had to double-check. At Rabbit Swap, we support the network’s native token under two tickers: * MIOTA, as listed on the...
Shibarium Hack: The Fix That Looks Worse Than the Attack
Yesterday, the Shibarium network was hacked, and today the Shiba Inu team revealed the consequences and their response. In my view, the measures they took might be even more damaging than the hack itself. THE HACK: Around $2.3M worth of ETH and SHIB was stolen. These funds were withdrawn from the Shibarium bridge and belonged to users who had provided liquidity there. That’s...
Stablecoin Season
Tether has just announced plans to launch a new stablecoin for the US market, calling it USAT. At this rate, the Rabbit Swap blog is turning into a stablecoin blog: * two days ago I wrote about USDH, * yesterday it was hUSDe, * and today we’ve got USAT. Everyone’s been waiting for altseason. Mike Novogratz even declared that Solana season...
Another day, another stablecoin
Yesterday, in my post about the hype around the USDH ticker, I asked why the Hyperliquid team even needs another stablecoin when USDC has already been firmly established as the dominant one in their ecosystem. If you remember, I pointed out that one of the contenders for launching USDH – Native Markets – had made it clear they would issue a stablecoin...
USDC Wasn't Enough? The USDH Debate
For the past few days, everyone’s been debating who will get the green light to issue the USDH stablecoin, which is supposed to become Hyperliquid’s main stablecoin. The contenders are: * Paxos and Agora, pushing for traditional regulated assets, * Frax and Sky, offering DeFi-style solutions, * Ethena, already behind the world’s third-largest stablecoin, * Native Markets, who are planning...
Can the Government Be a Crypto Owner - or Just a Key Holder?
The US Congress is considering a bill that would require the Treasury Department to deliver, within 90 days, an analysis of the capabilities, storage measures, cybersecurity, and legal grounds for the federal government to hold digital assets. In other words, they’re exploring the idea of a national digital asset reserve. What I find most interesting are the legal grounds. I wrote about this in...
103.5% reserves with a negative balance
Binance has just released another Proof-of-Reserves report, and for the first time I noticed something that’s both surprising and revealing - though it turns out it has actually been showing up in these reports for quite a while. Take a look: * Customer balances: 608,017 BTC * Binance balance: 600,060 BTC That’s a shortfall of 7,943 BTC. The exchange...
Crypto Fees: Why Can’t I Know the Cost In Advance?
Recently, one of our users submitted a transaction on the Ethereum network but set the gas fee too low. As a result, they had to wait a long time for confirmation. After realizing what caused the delay, the user made a surprisingly sharp observation — something rarely discussed: “Why is it that in crypto, you never know upfront how much...
