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NFT sales and pricing driven by luck, scarcity and optimism, according to studies

A trio of studies published in November may shine some light on the social and psychological factors that motivate movement in the nonfungible token (NFT) market. Across three independent studies, researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chapel Hill in the

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DYDX, Optimism (OP), SUI, Axelar Prices Drop as $650M Crypto Token Unlocks Weigh

Token unlockings translate to an increase in the asset's supply, releasing coins from a vesting period including to early investors. Large unlocking events usually lead to price declines due to the supply increase outpacing investor demand for the asset, a study by crypto analytics firm The Tie found earlier this

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Optimism weekly trading volume soars 1687%, TVL hits $769m

Ethereum-based layer-2 Optimistic Rollup network Optimism (OP) has recorded a 1,687% surge in weekly trading volumes. The latest data from defi analytics platform DeFiLlama indicates a dramatic upswing in trading activity on Optimism, a layer 2 scaling solution anchored on Ethereum (ETH), propelling the network to a trading volume of approximately

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Grayscale’s GBTC Discount to NAV At Narrowest Since July 2021 on ETF Optimism

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by

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Milei presidential victory fuels optimism in Argentina’s Bitcoin community

After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19.Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination of the crypto community.With 99% of the vote counted on Sunday,

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2 days before Bitcoin ETF approval window closes; this altcoin aims to capitalize on crypto’s optimism 

All eyes are on the United States Securities and Exchange Commission (SEC) as the deadline for approving several spot Bitcoin exchange-traded fund (ETF) applications approaches. The SEC has until Nov. 17 to decide on these filings, and the crypto market is watching closely, as we have only two days left. Last

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Blockchain Developer Lattice Unveils ‘Alternative Data Availability’ Network for Optimism

"We call it alternative data availability, because the transaction data is available off-chain, not on Ethereum. To maintain security with this architecture, that’s why we have the permissionless on-chain DA challenge so that when the data is not available or doesn’t correspond to the data commitment, one can challenge it

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