Deep Dive - Crypto Edition

We Deep Dive into an article from Cryptonews.com analyzes the recent drop in Bitcoin's price. It identifies factors such as the Bybit hack, concerns over President Trump's tariffs, and Bitcoin ETF outflows as potential causes. The piece also highlights a broader downturn in the cryptocurrency market, with many altcoins experiencing significant losses. The author suggests that Bitcoi...

The crypto market experienced a significant downturn on February 25, 2025, with major currencies such as XRP, SOL, and DOGE plummeting.  This was triggered by growing negative sentiment on social media combined with news of a large hack of the ByBit exchange and fears of stagflation.  The overall crypto market capitalization decreased, with very few coins showing positive gains.  Wh...

Sony's newly developed Layer 2 scaling solution, Soneium, has achieved significant adoption in the Decentralised Finance (DeFi) space.  The network's total value locked (TVL) has surpassed US $45 million, propelling it into the top 60 blockchain networks.  This growth is attributed to the "Conquest" campaign, which incentivised user engagement and exploration of Soneium's ecosystem. &nbs...

The article reveals the cryptocurrency portfolio of Changpeng Zhao (CZ), the former CEO of Binance.  It indicates that a significant majority, 98.6%, is held in BNB, Binance's own token.  Only a small fraction, 1.3%, is in Bitcoin, with minor holdings in stablecoins and other tokens.  CZ's disclosure is considered unusual due to potential scrutiny and security risks.  CZ himsel...

We Deep Dive Into the potential for a significant price decrease in XRP.  It highlights recent market weaknesses and technical indicators, such as falling below moving averages and the formation of a head and shoulders pattern, suggesting further decline. The piece considers the Wyckoff Theory, indicating a shift from accumulation to distribution phase for XRP. Despite this bearish outlook, t...

A major hack of the ByBit exchange, resulting in $1.5 billion being stolen, has sent ripples through the cryptocurrency community.  Binance co-founder Changpeng Zhao (CZ) pointed to vulnerabilities in multisig wallets as a contributing factor.  CZ highlighted the need for exchanges to re-evaluate multisig wallets, suggesting that hackers disguised the malicious transfer as a routine tran...