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“# Top 5 cryptocurrencies to watch this week: BTC, ETH, ICP, AAVE, LUNA ” Bitcoin’s (BTC) recovery is facing stiff resistance near the $35,000 mark but Bloomberg Intelligence senior commodity strategist Mike McGlone remains bullish. In his latest analysis, McGlone said that the probability of Bitcoin hitting $60,000 is greater than the price dropping to…
“# Aave founder hints at developing ‘Twitter on Ethereum’ ” Aave founder Stani Kulechov told his 90,000 Twitter followers on Saturday that his platform should build “Twitter on Ethereum” after Jack Dorsey said he was developing a new Bitcoin (BTC)-centric financial services platform with striking similarities to Aave. Since @jack is going to build Aave…
“# 3 altcoins showing signs of accumulation while Bitcoin price is down ” Crypto markets faced another day of struggle on July 15 as the price of Bitcoin (BTC) dropped to its “final support zone” near $31,000, which prompted traders to issue dire predictions about the future should bulls fail to hold this level. Despite…
“# Aave price hits 3-week high as ‘Aave Pro’ debuts for institutional lending ” Aave hovered near its three-week high on Tuesday, helped by the prospects of its foray into the mainstream through the launch of an institutional lending platform. Fundamentals Dubbed as Aave Pro, the platform expects to become a “permissioned liquidity protocol” by…
“# Aave to launch permissioned deployment for institutions in July ” Leading DeFi money market, Aave, has announced plans to launch a permissioned version of its platform for institutional investors this month. The platform will be launched in partnership with crypto custodian and service provider, Fireblocks. On June 4, Twitter user “TraderNoah” shared a screenshot…
“# Finance Redefined: Alchemix rugpull remuneration, and Aave v. 2.5! June 16-23 ” After close to a month of consulting with industry experts and journalists within Cointelegraph and without, we’re proud to unveil a new segment for Finance Redefined, a.k.a. the premier DeFi industry newsletter: on-chain analysis. Reporters will often look to public records to…
“# Top 5 cryptocurrencies to watch this week: BTC, AAVE, KSM, ALGO, TFUEL ” Bitcoin’s (BTC) price continues to be range-bound between $30,000 and $40,000 level for the past few days, which is not necessarily a bearish sign. Generally, after a sharp fall, the price tends to consolidate as the asset transfers from weaker hands…
“# Cointelegraph Consulting: DeFi hit by a tsunami of liquidations in May ” The savage sell-off that took place in mid-May fueled volatility in markets and triggered liquidations among numerous decentralized finance protocols. Like an earthquake, the market fall exacerbated the biggest wave of liquidations in DeFi history. The market experienced a higher amount of…
“# Funds locked in Aave soar past $20 billion amid layer-two embrace ” Aave has surged to the top of the DeFi ranking by total value locked (TVL) amid its recent embrace of layer-two for scaling. According to Aave’s website, the v2 and Polygon deployments of the popular crypto-powered money market protocol currently represent more…
“# Top 5 cryptocurrencies to watch this week: BTC, MATIC, EOS, XMR, AAVE ” Bitcoin (BTC) is struggling to sustain any price level during the current pullback, indicating a lack of demand at higher levels. Does this mean that the bull trend is over and the institutional investors are abandoning the crypto markets? No! It…