It’s All About Crypto Blog
$5M Unclaimed. 8 Users. What Happened to ZKsync?
Yesterday, the ZKsync team revealed that a compromised admin account had access to around $5 million worth of ZK tokens. According to their statement, these were unclaimed tokens from the ZKsync airdrop. That got me thinking - why did so many airdropped tokens go unclaimed in the first place? Airdrops are usually meant for users who actively engaged with the ecosystem. So... were these users just...
Why the U.S. Might Keep 94K BTC From Bitfinex Hack
Time to revisit the story of the Bitcoins stolen from Bitfinex in 2016 - and later confiscated by the FBI. A quick recap: * Back when Donald Trump was elected president, I suggested the U.S. wouldn’t return the stolen BTC to their rightful owners but would instead use them to build a strategic Bitcoin reserve - something Trump had floated during his campaign...
OM Collapsed - What Crypto Can Learn from It
📉 A 90% drop in the price of OM is hard to ignore - even by crypto standards. OM was ranked among the top 20 cryptocurrencies by market cap, which led many to assume it was “too big to fail.” And yet, the price crashed - from $6.12 to $0.46 in just three hours. Does this mean that in crypto, nothing is truly “too big to...
Where’s That Big DeSci Boom We Were Promised?
Late last year, Decentralized Science (DeSci) was being hyped as crypto’s next frontier. Vitalik Buterin and Changpeng Zhao sang its praises. Ambitious promises were made. But months later, the momentum seems to have stalled. What happened? Is the idea too complex to implement - or is there something fundamentally wrong with it? SO WHAT EVEN IS DESCI? Let’s...
Iraq Has Banned USDT
The Central Bank of Iraq has reportedly outlawed the use of USDT. According to Kurdistan Watch, the move was made under pressure from the U.S., which fears that Tether’s infrastructure might be used to bypass sanctions on Iran. This marks a turning point for the stablecoin market. We’re now seeing the world split into two camps: 🏛 In some countries, USDT is treated...
Babylon Genesis Mainnet is Live - And Right on Time
The Babylon Genesis blockchain launched its mainnet yesterday, and I believe the timing couldn’t be better. Right now, there’s a heated discussion going on in the Bitcoin community: what happens if BTC is only being held, but not actually used? * More and more blocks are coming in half-empty, and the number of unconfirmed transactions in the mempool sometimes drops to just...
New on Solana: Confidential Tokens
Surprisingly, almost no one’s talking about this: Solana now supports tokens with confidential balances and confidential transaction amounts. This means when you create a token smart contract, you can enable a privacy feature that hides the amount of every transaction. What remains visible on-chain is: * the sender’s address * the recipient’s address * the block in which the transaction was confirmed...
New Wallet on Cardano Ties Access to Google
The Twitter account @zkFold shared an interesting update: there's a new type of wallet on the Cardano blockchain. It lets you hold your crypto yourself - but without the need to remember a seed phrase. Instead, access is tied to your Google account. This new tech is called a Smart Wallet. The idea is that crypto is sent to an address like [email protected]...
When in Doubt, Follow the Fartcoin Crowd
Today I was browsing through the list of cryptocurrencies on CoinGecko. Each coin on the rankings page has a little 7-day price chart next to it. It’s a grim sight - nearly all of them are red, showing sharp declines across the board. And it makes sense. On April 2nd, the U.S. President announced the "liberation of America" (read: a trade war with the rest of...
The Market Just Told You What It Really Thinks
The market seems to be sending very positive signals today. If you're feeling discouraged by Bitcoin’s recent price drop, here's something worth noting. As soon as media reports surfaced claiming Trump was considering a proposal to delay tariff introductions for 90 days (excluding China) for further negotiations, Bitcoin quickly surged from $76K to $81K. However, once it became clear the news was...
