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“# Dogecoin whale activity slows down as billions of dollars depart blockchain ” After a flurry of activity that saw Dogecoin (DOGE) briefly process a higher dollar value of daily transactions than Bitcoin (BTC) and Ether (ETH) combined, the surge seen on the Dogecoin blockchain appears to be slowing down. Dogecoin’s price increase throughout 2021…
“# Wisdom Tree files Ether ETF application with SEC ” Following in the footsteps of VanEck earlier this month, Wisdom Tree has filed an application for an Ether (ETH) exchange-traded fund submitted to the United States Securities and Exchange Commission. According to filings dated May 27, the ETF’s shares would be listed on the Chicago…
“# NFT volume has more than tripled — even amid price crash — as Meme.com raises $5M ” The popularity of non-fungible tokens, or NFTs, shows little sign of slowing down, despite the extraordinary marketwide crash that wiped more than $1 trillion off the crypto market cap. According to a report by decentralized app marketplace…
“# Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000 ” Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s market plunge that saw leveraged traders wiped out as BTC dipped as low as $30,000…
“# Finance Redefined: Parachute journalism on the frontlines of DeFi! May 19-26 ” As a kid who grew up in a podunk-nothing, mid-sized American city, I know what it’s like to read parachute journalism covering topics and stories close to my heart. Some bad news for my fellow DeFi brethren: you’re all about to get…
“# Monthly $1.9B Ethereum futures and options expiry will determine if ETH hits $3K soon ” The May 28 futures and options expiry could be a turning point for Ether (ETH) as the cryptocurrency rebounded 60% from its $1,730 low on May 23. Even though the open interest stands at $6.2 billion, only 16% is…
“# 3 ways traders use moving averages to read market momentum ” The first step to successful trading is the identification of medium and the short-term trends. Traders who remain on the right side of the trend and use risk management principles usually end up earning profits. An equally important activity in the trading process…
“# Blockchain platform raises $12M to build JavaScript-like DApps ” Reach, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation process, the company announced on Wednesday. The latest funding round takes the total sum raised by Reach to $48 million as the…
“# Uniswap v3 looks set for layer-two scaling on both Arbitrum and Optimism ” The Uniswap community has voted in favor of launching the leading decentralized exchange’s v3 iteration on layer-two scaling solution, Arbitrum. Uniswap’s creator, Hayden Adams, announced the vote on May 27, revealing the proposal’s governance vote received 41.35 million votes in favor…
“# Analyst says DeFi and stablecoins held up well as crypto markets imploded ” The decentralized finance (DeFi) sector faced its first real challenge during last week’s market sell-off that saw more than $1 trillion wiped from the global cryptocurrency market cap as traders feverishly ran for the safety of stablecoins amid tumbling prices. Despite…