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“# Price analysis 6/2: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH ” Bitcoin’s (BTC) active supply — coins that have moved in the past two years or earlier — dropped to a five-month low of 44.5% on June 2, according to data from Glassnode. This indicates that investors who had purchased Bitcoin…
“# Community-governed DEX EmiSwap raises $104M in private funding ” EmiSwap — a community-governed decentralized exchange (DEX) — has raised $104 million from a large number of investors, each of whom put down a maximum sum of $25,000 each. Backers of the exchange, which runs as a decentralized autonomous organization, include Carl Moon, Box Mining,…
“# Even Vitalik Buterin is surprised at just how long Eth2 is taking ” Ethereum’s visionary co-founder Vitalik Buterin has commented on the obstacles on the roadmap to Eth2 at a conference in Hong Kong. Speaking partly in Mandarin at the Virtual Fintech Forum at this week’s StartmeupHK Festival 2021, Buterin said that technology wasn’t…
“# 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…
“# Possible Yearn rival Convex Finance passes $1 billion in total value locked ” While much of the market reels from a devastating pullback that has dragged DeFi’s closely-watched total value locked (TVL) figure down from all time highs, one protocol is shrugging off the macro weight and surging up the TVL leaderboard. Ethereum-based Convex…
“# ‘Sidequests,’ sponsorships, and e-sports as DeFi protocols ponder user acquisition ” One of the most intractable problems in DeFi may be facing a ecosystem-wide effort as a growing number of protocols are beginning to get creative with their advertising and outreach efforts. Automated market maker Uniswap announced today a collaboration with esports group Team…
“# 3 potential bullish catalysts for Ethereum price in June ” As of June 1, Ether (ETH) has dipped by more than 40% after establishing a record high of $4,384 in May. The major move downhill in the world’s second-largest cryptocurrency by market cap has prompted many analysts to predict additional declines. For instance, Clem…
“# Composable Finance raises $7M for cross-chain and cross-layer DeFi interoperability ” Composable Finance, a DeFi interoperability protocol has announced a $7 million raise backed by 16 notable blockchain investment firms. According to a release issued on Tuesday, the funding round was led by Advanced Blockchain AG and Rarestone Capital. Other participants included Alameda Research,…
“# Euro investment bank predicts shortfall in blockchain and tech investment ” The European Union is falling behind China and the United States when it comes to blockchain and artificial intelligence investments, according to the European Investment Bank. The EIB said on Tuesday that it anticipates an ongoing investment shortfall of around 10 billion euros…
“# Nvidia’s new RTX 3070 and 3080 Ti cards attempt to cater to gamers and miners ” Nvidia’s new 3070 Ti and 3080 Ti graphics cards will launch with Ethereum hash rate limiters built in when they go on sale later this month. Nvidia announced the pending release of the new cards during its Computex 2021…