Bitcoin price pullback to K possible, but onchain data highlights ‘healthy’ market fundamentals

Bitcoin price pullback to $91K possible, but onchain data highlights ‘healthy’ market fundamentals

Bitcoin spot demand could taper off this week, but onchain and technical data highlight healthy fundamentals, which could pave the way to new all-time highs. Key Takeaways: Bitcoin’s year-over-year return and realized price metric signal strong long-term support from holders and suggest that BTC is currently undervalued. Standard Chartered estimates a Bitcoin price target in…

Read More
Solana's Loopscale pauses lending after .8M hack

Solana's Loopscale pauses lending after $5.8M hack

The lost funds represent about 12% of Loopscale’s total value locked (TVL), according to the DeFi lending protocol’s co-founder. Solana decentralized finance (DeFi) protocol Loopscale has temporarily halted its lending markets after suffering an approximately $5.8 million exploit.  On April 26, a hacker siphoned approximately 5.7 million USDC (USDC) and 1200 Solana (SOL) from the…

Read More
DeFi Development seeks B to boost Solana investments, expand treasury

DeFi Development seeks $1B to boost Solana investments, expand treasury

DeFi Development Corp is seeking to raise more capital for its Solana treasury and operational expenses. DeFi Development Corp (formerly Janover) aims to raise over $1 billion worth of capital to invest in Solana, the industry’s sixth-largest cryptocurrency by market capitalization. The Nasdaq-listed firm, previously a real estate financing platform connecting commercial property lenders and…

Read More