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” Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach, and more “ The past week in the decentralized finance (DeFi) ecosystem saw many new developments from an adoption perspective and protocol developments. The European Commission added a new chapter on DeFi, showing the growing impact of the nascent ecosystem, while a county…
” Solana and Moonbirds help NFT market reach $6.5B monthly trading volume: Report “ Solana (SOL) and Moonbirds came to the rescue of the bearish nonfungible token market after a six-week cooldown phase. According to the monthly DappRadar report, the NFT market recorded a multi-month trading volume high of $6.5 billion, surging by 23% from…
” Price analysis 5/4: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT “ Investors across the world are waiting for the outcome of the Federal Open Market Committee meeting on May 4. Although markets expect a 50 basis point rate hike and an announcement by the Fed to start shrinking its balance sheet…
” Solana developers share 3 key mitigation steps to make the network robust “ The Solana network faced its seventh outage on Saturday, resulting in a downtime of over seven hours. The developer team has released an outage report, along with three key mitigation steps to make the network more stable. The network outage on Solana was…
” Price analysis 5/2: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT “ The U.S. equity markets opened on a tentative note on May 2 but a minor positive is that the crypto markets led by Bitcoin (BTC) are holding above their immediate support levels. The price action over the next few days…
” Ethereum risks 35% drop by June with ETH price confirming ‘ascending triangle’ fakeout “ Ethereum’s native token Ether (ETH) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its “ascending triangle” pattern. ETH price breakdown ahead? Ether’s price swung between profits and losses on May 2…
” Solana suffers 7th outage in 2022 as bots invade the network “ The Solana (SOL) network suffered a seven-hour outage overnight between April 30 and May 1 due to a large number of transactions from nonfungible token (NFT) minting bots. A record-breaking 4 million transactions, or 100 gigabits of data per second, congested the…
” Top 5 cryptocurrencies to watch this week: BTC, LUNA, NEAR, VET, GMT “ The month of April has been a forgettable one for equities and cryptocurrency investors. Bitcoin (BTC) plummeted 17% in April to record its worst ever performance in the month of April. Similarly, the Nasdaq Composite plunged 13.3% in April, its worst…
” Finance Redefined: Samson Mow’s DeFi question, Fireblocks expands to institutional and more “ The week was filled with several new project developments and key updates from leading decentralized applications (DApps) and decentralized finance (DeFi) protocols. Fireblocks has expanded its institutional access to Terra’s DeFi ecosystem and Solana partnered with the Notifi network to improve…
” Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish “ Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its large footprint in…