Bitcoin’s increasing link with US equity markets has become the focus, influenced by macro drivers including the Fed’s recent actions. Since the interest rate cuts affected many markets, BTC rose above $64,800 and copied the moves of US stocks. This rising link shows that the legacy financial markets are gradually ... Read more
In a recent analysis, Zach Rynes highlighted the unique way Aave’s decentralized stablecoin, $GHO, utilizes Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for cross-chain token transfers. Given that GHO is exclusively issued on Ethereum, all cross-chain transfers occur via canonical wrapped tokens, fully backed by GHO on Ethereum through CCIP, ensuring fungibility ... Read more
A savvy investor managed to buy a rare Crypto Ape Punk NFT for a mere 10 ETH (around $23,000) – a whopping 98.3% discount from its estimated value of 600 ETH or $1.5 million. This unexpected bargain was achieved through a loophole in the fractionalized ownership scheme facilitated by the ... Read more
Global banking giant, Standard Chartered has now announced the launch of its digital asset custody service in the United Arab Emirates (UAE). The decision comes after receiving the required license from the Dubai Financial Services Authority (DFSA) and can be considered as the next step in the bank’s digital asset ... Read more
Matthew Sigel, the Head of Digital Assets Research, responded to the continuing criticisms of Ethereum (ETH). He claimed that this constant trolling of the cryptocurrency is draining and disingenuous, while the idea of “moneyness” fuels the success of layer one (L1) chains such as Ethereum and Solana. In conventional economics, ... Read more
Ethervista, a novel liquidity pool and fee mechanism on the Ethereum mainnet, has gained tremendous traction in the DeFi community since its launch a few days back. The market capitalization of Ethervista market capitalization exceeded $15 million. Touted as the “Pump Fun” of Ethereum, the platform aims to address the ... Read more
In a recent tweet thread, the Solana blockchain announced a significant milestone for PayPal’s PYUSD stablecoin, which has surpassed a $1 billion market capitalization. This impressive figure represents a 271% increase since PYUSD was launched on Solana, with Solana-based PYUSD contributing 88% of this growth. The rapid rise of PYUSD ... Read more
The Altcoin market may be on the verge of a massive breakout, according to renowned cryptocurrency expert Michael van de Poppe. He said it’s an important time for the Altcoin market in terms of capitalization with Bitcoin. The market now hovers at the edge of a potential push upwards, and ... Read more
Singapore-based decentralized exchange dYdX is set to unleash its largest upgrade to dYdX so far in the coming months in the form of dYdX Unlimited. This upgrade is to enhance the platform with permissionless market listings. It enables the users to generate and list new token trading markets with no ... Read more
In the highly volatile world of cryptocurrency, frequent market crashes seem to light waves of fear, uncertainty, and liquidation. Despite all this drama, World Of Charts, a highly regarded crypto analyst, remains optimistic. He stresses that while market downturns can result in huge losses and panic among investors, they also ... Read more
