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“# Avalanche (AVAX), Matic and Celo rally while Bitcoin price pulls back ” Bitcoin’s (BTC) recent institutional investor-driven rally has steadily pushed its price to new all-time highs and while investors are intensely focused on BTC’s price action, a number of altcoins have also secured new multi-year highs. On. Feb. 10, the total crypto market…
“# 3 reasons why Binance Coin (BNB) hit a new all-time high at $148 ” On Feb. 10 Binance Coin (BNB) hit a new all-time high at $148 after the native exchange token rallied 121% since the start of the week. Data from Cointelegraph Markets and TradingView shows that BNB rose from $35.37 on Jan….
“# Following V2 plans, Balancer raises $5 million from Three Arrows & DeFiance ” Balancer Labs announced today a $5 million investment round led by DeFi (decentralized finance) mainstays Three Arrows Capital and DeFiance Capital. The two VCs now join Pantera Capital and Alameda Research in investing, brining Balancer’s series A round to a total…
“# Total value locked in DeFi marks new all-time high close to $40B ” The total value locked in decentralized finance — a measure of the total value of assets committed to the DeFi ecosystem —has marked a new all-time high close to $40 billion. According to DeFi Pulse, the figure hit the $39.79 billion…
“# Nervos launches $5M fund to support DeFi projects ” China’s Nervos Network has launched a $5 million fund to support projects building decentralized exchanges, lending platforms, and other DeFi protocols. According to a Feb. 10 announcement from Nervos, the fund will be used to provide cash grants and direct support to fintech and blockchain…
“# DeFi wars heat up as Curve Finance TVL hits $3.99B, surpassing Uniswap ” As decentralized finance grows in prominence, a battle of the DEXs is brewing between several of the top protocols like Uniswap (UNI), SushiSwap (SUSHI) and Curve DAO (CRV) as the growing list of platforms vie for investor liquidity and transactions on…
“# Helium (HNT), Avalanche (AVAX) and Pickle rally on partnership announcements ” Bitcoin (BTC) price continues to defy gravity and its strong bullish breakouts frequently result in short sellers needing to cover their positions in a hurry. A repeat of this happened on Feb. 9 when Bitcoin soared on the news of Tesla’s $1.5 billion…
“# Shift to DeFi and cross-chain integration back Elrond’s (EGLD) 700% rally ” Elrond (EGLD) price has increased by 700% since Feb. 1 as new partnerships and protocol upgrades bolster investor confidence in the project. Elrond is a blockchain protocol designed to offer fast transaction speeds through the implementation of sharding for use with dapps,…
“# Curve Finance coming to Equilibrium’s Polkadot parachain ” Equilibrium, a Polkadot-based DeFi project previously known for its EOS presence, is partnering with Curve Finance to bring the latter’s automated market maker platform, Curve, to the Polkadot (DOT) ecosystem, according to an announcement issued on Monday. The plan involves integrating a Substrate-based version of Curve…
“# Yearn.Finance puts expanded treasury to use by repaying victims of $11M hack ” Major decentralized finance protocol Yearn.Finance (YFI) has restored its yDAI vault in the aftermath of a $11 million exploit by hackers. Yearn announced Tuesday that they opened a Maker vault with YFI tokens from the treasury and minted 9.7 million DAI…