The total value of DeFi locked has slumped to a multiyear low of $37.5 billion, reflecting challenges in the decentralized finance market. DeFi’s TVL is $37.5 billion today. This is the lowest since early 2021 – it didn’t even get this low after FTX’s collapse. pic.twitter.com/x7D1an5HT2 — Edgy – The DeFi Edge (@thedefiedge) August 23, […]
Hong Kong’s scholar backs HKD stablecoin to take on USD and USDT
The Vice President of Hong Kong’s University of Science and Technology reiterates the proposal for launching a stablecoin tied to HKD to take on USDT and USD
How Bitcoin Spark is Redefining Cryptocurrency Norms
Bitcoin stormed the blockchain technology, bringing a lot of hype to media platforms. The Bitcoin bull run happened in 2013 when the virtual currency surged 6000%. The Cryptocurrency has the potential for massive development. However, its shortcomings, such as the lack of smart contracts, have made blockchain users opt for scalable layer-2 solutions for high-speed […]
Crypto fear and greed falls to 34 as Chancer raises $1.65M
The crypto fear and greed index haas dropped to the fear zone of 34. Chancer network has raised over $1.66 million in a token sale. The crypto fear and greed index moved to the fear zone of 34 this week as Bitcoin and other cryptocurrencies plunged. Bitcoin moved below $26,000 as it experienced its worst week […]
Glassnode Founders Predict Bitcoin Will ‘Soar’ to New Highs Sooner Than Expected – Here’s Their Target
The co-founders of the crypto analytics firm Glassnode think Bitcoin (BTC) could soar toward a new all-time high faster than many analysts and traders expect. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, predict that the US dollar index (DXY) will peak at 106. The […]
Bitstamp Ends Ethereum Staking for US Investors
Digital assets exchange Bitstamp today said it is stopping its Ethereum staking service for American customers next month. In a statement to Decrypt Wednesday, Bitstamp said it would stop offering U.S. customers staking rewards from September 25. The reason, the Luxembourg-based exchange said, is down to regulation involving the service currently in the States. “Considering […]
Shiba Inu Forms a Bump and Run Reversal Pattern: Eerie Bearish Reversal Ahead?
Key Takeaways SHIB/USD chart shows a potential Bump and Run Reversal (BARR) pattern, hinting at bearishness. Key level to watch: $0.000008255. A breakdown could signal further losses. The hourly chart is bullish, with a rising RSI and bullish MACD; resistance at $0.000008255 is crucial. Shiba Inu Forms a Bump and Run Reversal Pattern: Eerie Bearish […]
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
DAI’s market capitalization jumped by near $1 billion this month following the introduction of reward rates as high as 8%. The increased payout bit into issuer MakerDAO’s profit expectations, though, prompting Maker to cap the rate at 5%. MakerDAO’s DAI stablecoin has returned to growth, driven by rejuvenated demand for the token after boosted reward […]
Bitcoin Ordinals volume dips 98%, OpenSea to disable royalty tool, and Frend.tech hype: Nifty Newsletter
Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about the newly-launched decentralized social media platform Frend.tech, which has […]
Former FTX boss plans to blame prior legal counsel ahead of October hearing
Former FTX CEO Sam Bankman-Fried’s defense team plans to highlight the role of previous legal counsel in key decisions as his trial approaches in October