Record stablecoin market share points to crypto upside: JPMorgan
Despite the FUD around stablecoins, the percentage of stablecoins in the total market cap has been growing recently, hitting new all-time highs. The rapid surge in share of stablecoins like Tether (USDT) in the cryptocurrency market may point to an …
Bancor pauses impairment loss protection citing ‘hostile’ market conditions
Veteran DeFi protocol Bancor came under heavy scrutiny for pausing the impairment loss protection program at a time when liquidity providers need it the most. Bancor, a decentralized finance (DeFi) protocol often credited as the pioneer of the DeFi space, paused its …
Bitcoin mints more than 13,000 ‘wholecoiners’ in the past seven days
Small wallet addresses–those containing 0.1 Bitcoin or more–continue to accumulate Bitcoin at a rapidly increasing rate. Bye-bye bear market blues; welcome to the network, Bitcoin (BTC) believers. Over the past week, the number of Bitcoin wallet addresses containing one BTC …
What Ethereum use case can make ETH a $500B market cap asset: Community answers
From a universal trustless authentication to decentralized autonomous organizations, Redditors discussed what use cases can drive Ether’s value up. While Ether’s (ETH) price dip over the weekend may have left investors worried about the digital asset, community members on Reddit …
Ethereum analyst warns of ‘clean fakeout’ despite 30% ETH price rebound
One of Ether’s on-chain indicators signals the token has entered its bottoming out phase. Ethereum’s native token, Ether (ETH), underwent a sharp relief rally after falling to $880, its lowest level in eighteen months, on June 18. ETH price regains …
Crypto lending can still survive bear market, analyst says
Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst. The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto …
SBF and Alameda step in to prevent crypto collapse contagion
SBF also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius, noting that “this is definitely false. We want to help those we can in the ecosystem, and have no interest in hurting them.” Sam Bankman-Fried’s …
Nifty News: Christie’s NFT expert to lead CryptoPunks, fake heiress launches NFT collection
Noah Davis, the NFT expert for the auction house Christie’s, said he’s not looking to change the plan for CryptoPunks when he leads the project and has invited holders to a one-on-one chat. Noah Davis, the nonfungible token (NFT) specialist …
Marathon Digital keeps on mining despite BTC price slump
Earlier this month, Marathon said it has been accumulating or “hodling” its Bitcoin since October 2020. As of June 1, 2022, the firm held approximately 9,941 BTC. Despite data showing that the Bitcoin (BTC) price may have fallen to the …
Solend invalidates Solana whale wallet takeover plan with second governance vote
If Solend is unable to take over the account, some believe that it could cause a meltdown, driving Solana’s price to zero. Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that …