TL;DR Grayscale MakerDAO Trust Launched – Grayscale Investments has created a new trust for MakerDAO’s MKR token. Access to a DeFi ecosystem : The fund offers exposure to an on-chain lending protocol and other assets in the MakerDAO ecosystem. Daily Subscription : The Trust is available for daily subscription by accredited investors, but does not […]
Justin Sun’s Tron Launches Game-Changing Memecoin Platform: SunPump
TL;DR Tron launches SunPump, a platform for launching memecoins with reduced fees and strict security measures. SunPump, currently in beta, offers up to a 99% discount on gas fees and integrates with the decentralized exchange SUN.io. The platform requires projects to burn TRX upon reaching a market cap of $69,420, which could positively influence TRX’s […]
XRP News: Ripple and SBI Holdings Subsidiary Announce Strategic Partnership
Crypto payments firm Ripple and Japanese financial giant SBI Holdings subsidiary announced a strategic partnership on Tuesday. The company will help increase the use of XRP Ledger and issue non-fungible tokens (NFTs) on the blockchain, boosting the adoption of XRP in the community. SBI and Ripple Expand Partnership for XRP Adoption In a press release […]
Despite Sui’s Growing Open Interest and NAVI’s TVL Explosion, SUI Token Faces Price Decline
TL;DR New TVL Record : NAVI Protocol Hits an All-Time High of $255M in TVL Following the Launch of its Pro Version. SUI Open Interest Rises : SUI open interest exceeds $256 million, with a notable increase in long positions. Token Recovery : Grayscale products such as the SUI Trust have fueled the recovery in […]
After Dumping $300M in Ethereum, Jump Trading Could Sell This Crypto Next
Ethereum, the second-largest cryptocurrency, recently experienced one of its most decisive crashes from late July to early August. Along with a broader market correction, the selling pressure is likely attributed to Jump Trading dumping more than $300M worth of ETH. Following this liquidation, Ether price plunged to a low of $2,112 on August 5th. While […]
Breaking: Binance URL Unblocked In India After FIU Registration
The Binance website has now been fully restored and the URL is now accessible to all Indian users. The exchange had faced regulatory issues in India resulting to various stringent actions taken. However, amid various fines settlements, the exchange is now gaining footing in the Indian market. Binance URL Now Fully Accessible Binance, one of […]
Assessing the Lightning Network’s Last-Mile Solutions
Custodial Lightning has clearly achieved product market fit. Users benefit from instant Bitcoin payments and minimal fees, while custodians manage the complexities of channel and liquidity management. Major platforms like Coinbase, Cash App, Kraken, and Binance provide over 200 million users with direct access to Lightning payments. While the Lightning Network excels at facilitating payments […]
Strong Bearish Signal Appears In Solana Chart, Where Is Price Headed Next?
Expectations of the Solana price going above $200 have been rampant with the most recent recovery. In some cases, predictions have reached as high as $1,000 for the cryptocurrency, but one crypto analyst is going in the opposite direction. In a recent analysis, Alan Santana has predicted a crash for the SOL price that could […]
Euler v2 Launches with $4M Backing and New Security Measures After $200M Hack
TL;DR Euler v2 has been secured through a security process that cost around $4 million, one of the most expensive in DeFi. The protocol employs a modular design to improve security and risk management, with 29 audits conducted by 12 security firms. The largest code audit competition, with a $1.25 million prize pool, found no […]
Ethereum ETF Inflows Revive As Grayscale’s ETHE Outflows End, What’s Next?
Spot Ethereum ETFs have witnessed a resurgence in inflows after weeks of subdued activity, driven by a significant shift in the market. Moreover, Grayscale’s ETHE, one of the most prominent Ether ETFs, marked a pivotal moment by ending its 19-day streak of outflows on Monday, August 12. Additionally, this development comes as the broader market […]