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The Layer

Decoding Web3, Layer by Layer

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The Layer

Decoding Web3, Layer by Layer

  • Bitcoin Sees Breakdown of Head and Shoulder Pattern, $122k Next
    BTC to Head $122k Soon as Bearish Head and Shoulder Pattern Fails
    by Dhirendra Chandra Das
    27 January 2025
    Top chart analysis Ali Martinez has said that Bitcoin could move beyond $122k as the bearish head and shoulder pattern failed to form.
  • Changpeng Zhao’s Net Worth Rises to $70 Billion
    Binance 35% Market Dominance in 2024 Helped CZ’s Net Worth Rise to $70 Billion
    by Dhirendra Chandra Das
    25 January 2025
    Binance Chairman Changpeng Zhao has seen his wealth surge to over $70 billion.
  • 430 Forgotten Bitcoins Turn Ross Ulbricht into a Millionaire After Prison
    $200 Worth of Forgotten Bitcoin Turned This Pardoned Crypto Founder Into a Millionaire
    by Dhirendra Chandra Das
    24 January 2025
    Ross Ulbricht’s net worth is reportedly around $47 million. Lately, Kraken has donated $111k to the freed Silk Road founder as a token of gesture.
  • Senator Cynthia Lummis has been appointed as the Chair of Senate Banking Subcommittee on Digital Assets.
    Cynthia Lummis Appointed Chair of Key Crypto Committee, Decision Soon on Bitcoin Reserves
    by Dhirendra Chandra Das
    23 January 2025
    Senator Cynthia Lummis has been appointed as the Chair of Senate Banking Subcommittee on Digital Assets.
  • World Liberty Financial Acquires $9.8 million worth WBTC
    World Liberty Financial Acquires $10 Million in Wrapped Bitcoin, Net WBTC Holding at $11.7 Million
    by Dhirendra Chandra Das
    23 January 2025
    World Liberty Financial(WLFI) has purchased $9.8 million worth of Wrapped Bitcoin (WBTC) tokens. This purchase takes their WBTC reserves to $11.7 million.
  • Bitwise Files For The First Dogecoin ETF
    Bitwise Files For World’s First Dogecoin ETF in the US
    by Dhirendra Chandra Das
    23 January 2025
    Bitwise has filed the first Dogecoin ETF with the US SEC on 22 January 2025.
  • Donald Trump Pardons Ross Ulbricht Silk Road Founder Walks Free After Almost 12 Years
    Silk Road Founder Ross Ulbricht To Walk Free After Presidential Pardon
    by Dhirendra Chandra Das
    22 January 2025
    Ross Ulbricht to walk free out of prison almost 12 years after Donald Trump gave him a Presidential Pardon on 21 Jan 2025.
  • The United States Department of Government Efficiency
    5 Latest Developments in the US Department of Government Efficiency
    by The Layer Editorial Staff
    21 January 2025
    The US Department of Government Efficiency was created on 20 Jan 2025, and all federal agencies were directed to form DOGE teams of 4 members within 30 days.
  • WLFI Buys $15 Million ETH
    WLFI Acquires $15 Million ETH, Token Finishes Presale Round 1
    by Dhirendra Chandra Das
    20 January 2025
    World Liberty Financial has acquired $15 million worth of ETH taking its Ethereum reserves to $136 million.
  • Cup and Handle Pattern on Bitcoin Charts
    Analyst Ali Martinez Identifies Cup and Handle on BTC Charts, $276.4k Ahead
    by Dhirendra Chandra Das
    17 January 2025
    Bitcoin has shown the formation of a cup and handle pattern on a 2 year wide timeframe from 2022 to 2024, indicating target of $276.4k.
  • Denmark Proposes to Tax Crypto Unrealized Gains at 42% Rate
    Denmark’s Seeks To Tax You Even Before You Make a Profit in Crypto
    by Dhirendra Chandra Das
    24 October 2024
    Denmark proposes a crypto law to tax unrealized crypto gains at 42% annual rate.
  • Donald Trump Raises $220 Million from WLFI Token
    by The Layer Editorial Staff
    17 October 2024
    Donald Trump has launched the World Liberty Financial DeFi project, gathering 850 million token sales, and securing a $1.1 billion valuation.
  • Tether Turns 10
    Tether Turns 10, Journey From “Realcoin” To The Largest Stablecoin USDT
    by Dhirendra Chandra Das
    8 October 2024
    Tether, the largest stablecoin issuer, has turned 10. Starting as the little known crypto project “Realcoin”, it had to fight several challenges, fair and unfair to become a central figure in the world of crypto and DeFi.
  • Explosive 103% Growth Predicted for Layer-2 Markets, SWOT Analysis
    Explosive 103% Growth Predicted for Layer-2 Markets, SWOT Analysis
    by The Layer Editorial Staff
    2 October 2024
    Layer-2s are expected to post high returns on the back of low L1 costs, increased demand and the ultra low fees charged by them.
  • Crypto Losses Fall to $413 Million in Q3, 2024
    Crypto Losses in Q3 (July-Sep) 2023 at $413 Million
    by The Layer Editorial Staff
    29 September 2024
    Around $90 billion of crypto is being stored in various exchanges, DeFi protocols, liquidity pools, and other instruments. This number… Read more: Crypto Losses in Q3 (July-Sep) 2023 at $413 Million
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