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“# Ethereum’s fees higher than Bitcoin’s for a record two straight months ” Ethereum (ETH) transaction fees have exceeded those on the Bitcoin (BTC) network for two months straight. Crypto market data aggregator Messari tweeted about the streak on October 8, noting it is the longest period that Ethereum’s transaction fee revenue has exceeded Bitcoin’s…
“# YFI’s Andre Cronje disappeared after ‘death threats’. Will ‘love’ bring him back? ” Yearn Finance (YFI) developer Andre Cronje has dropped out of public view after reportedly receiving ‘death threats’ from the decentralized finance (DeFi) community and becoming ‘demoralized’. Cronje said he had received a variety of threats after investors raced into his unfinished…
“# Bitcoin price fundamentals in ‘moon mode’ as BTC held on exchanges drops ” Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. Noticeably, the number of Bitcoin held on spot exchanges has been decreasing since the start of the year, according to…
“# Ex-Goldman Sachs exec believes that his decentralized clearing house can rescue DeFi from oblivion ” Revolution Populi has released layer one of a blockchain solution that the founding team believes could be used as a clearinghouse for crypto and traditional financial transactions. The protocol iterates over the delegated proof-of-stake consensus used by EOS, which employs…
“# Solana set to launch decentralized Ethereum bridge to power DeFi ” Solana, the smart contract platform that recently entered the spotlight thanks to FTX’s Serum, announced the upcoming release of what it says is a decentralized bridge for Ethereum ERC-20 tokens. Called Wormhole, the bridge would allow users to transfer value between the different…
“# DeFi market cap drops 25% in one day ” The decentralized finance (DeFi) bubble continues to deflate, with crypto market data firm Sentiment reporting a 25% crash in the market capitalization of DeFi assets during yesterday alone. In a blog post published Oct. 8, Santiment estimated that daily DeFi token trade volumes have fallen…
“# Wrapped Bitcoin tops $1B after 900% increase in two months ” The recent DeFi bull-cycle has pushed the total value locked (TVL) of popular Bitcoin (BTC) tokenization protocol Wrapped BTC (WBTC) up by 900% to surpass $1 billion. The milestone comes four weeks after the TVL of all Bitcoin tokenized on Ethereum (ETH) surpassed…
“# Experts weigh in: Is DeFi dead or is it still the future of finance? ” As the majority of DeFi related tokens continue to beat a retreat from their peaks this year, industry experts have weighed in on whether the decentralized finance bubble has burst, or if it will rise from the ashes. Top…