North Korean devs making $500K per month, EigenLayer restaking fever, ‘unusual’ Bitcoin moves
Episode description
Bitcoin’s price behavior is “unusual,” according to recent data on open interest, which is rising despite the price falling. Furthermore, institutions have not rushed in to buy the dip this time, as they did earlier in August, so we could see BTC fall further unless weekend volatility wants to throw a spanner in the works once again. Elsewhere, EigenLayer’s total value locked surged 11% in a week, ZachXBT uncovers a network of North Korean devs making a fortune at crypto projects, and Sotheby’s starts to auction some blue chip art NFTs.
Further reading:
- Bitcoin has room to fall amid ‘unusual’ open interest — CoinGlass
- Institutions not so interested in Bitcoin at $58K, metric shows
- EigenLayer TVL hits $12.9B, climbs 11% in one week — IntoTheBlock
- ZachXBT claims 21 North Korea crypto devs are making $500K a month
- Sotheby’s to sell CryptoPunk and Beeple NFT at digital auction
So, grab yourself a coffee, and let’s get into it!
Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.
Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com
The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.