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“# Shiden secures third parachain slot on Kusama ” Shiden, the sister-project of leading Polkadot-native layer-two decentralized app hub, Astar Network (formerly Plasm Network), has won the third parachain auction for Polkadot’s experimental sister-network, Kusama. Shiden secured the slot with a total of 137,020 KSM tokens bonded — worth nearly $29 million at current prices….
“# Alpha Finance Lab (ALPHA) rallies 50% as project fundamentals improve ” Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days. Data from Cointelegraph…
“# Price analysis 7/6: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” The weekend rally in cryptocurrencies was led by Bitcoin (BTC) but this move was not supported by huge trading volumes. According to on-chain analysts at CryptoQuant, the low trading volume suggests that “whales are staying low without much action.” However,…
“# Cointelegraph Consulting: The race between Uniswap DEXs ” As one of the most eagerly anticipated rollouts of the decentralized finance (DeFi) sector, Uniswap v3 went live on May 5. The upgrade targeted greater capital efficiency and better flexibility for liquidity providers. The concept of Uniswap v3 includes features such as concentrated liquidity — which…
“# 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…
“# Bitcoin targets $36K key Wyckoff level with altcoins set to ‘grind up heavier’ ” Bitcoin (BTC) headed towards a key Wyckoff level on July 6 as BTC price action got traders excited about an altcoin surge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wyckoff in focus below $36,000 Data from Cointelegraph Markets Pro and…
“# Ether already ‘flippening’ Bitcoin, says Celsius CEO ” Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky. In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes…
“# 3 reasons why Enzyme Finance (MLN) is up 92% in a week ” Decentralized finance (DeFi) has emerged as one of the most promising real-world applications of blockchain technology, capable of reshaping the face of the global financial markets and transforming the way the average person manages their money. One DeFi focused project that…
“# SNX hits multi-week highs as total value locked on Synthetix approaches $1 billion ” SNX spiked to its three-week high on Monday in reaction to a market-wide upside correction led by Bitcoin (BTC) and other top-cap digital assets. The Synthetix project’s native token reached $9.59 after rising four days in a row by up…
“# Stablecoin growth could affect credit markets, rating agency warns ” The growth of stablecoins that are not fully backed by safe assets could trigger a destabilization in short-term credit markets, rating agency Fitch has warned. In a commentary note, the agency explained that coins that are fully backed by safe assets pose a lesser…