BitMEX Co-founder predicts Bitcoin surge amid dollar liquidity rise

Arthur Hayes, co-founder of BitMEX, provided perspectives on a potential Bitcoin surge on the X platform. Alongside a chart depicting net Reverse Repurchase Agreement (RRP) and Treasury General Account (TGA) balance changes, the message specifically referred to Treasury Secretary Janet Yellen as ...

Ethereum LSDFi sector grew nearly 60x since January in post-Shapella surge: CoinGecko

The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has seen a surge in growth this year as Ether (ETH) holders chose to stake rather than liquidate. Despite ETH withdrawals being enabled with the Ethereum Shapella upgrade in April 2023, an Oct. 16 LSDFi report from cryp ...

Coinbase suspends 80 non-USD trading pairs to improve liquidity

The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform.Coinbase has suspended 80 non-USD trading pairs, including those with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat curr ...

Solana wind down ‘deemed a necessity’ after low fees, says Lido Finance

Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization.The proposal to sunset Lido on Solana was first put forward by Lido’s peer-to-peer ...

Willy Woo Analyzes the Challenge to Bitcoin’s Growth Posed by Derivatives

In the world of Bitcoin analysis, prominent analyst Willy Woo has identified a significant obstacle that could impede the future growth of the leading cryptocurrency. Woo raises concerns about the rise of Bitcoin derivatives and the consequences it brings for the crypto market. Sharing insights w ...

Crypto Analyst Benjamin Cowen Predicts Continuing Struggles for Altcoins Against Bitcoin (BTC)

Renowned crypto analyst Benjamin Cowen believes that altcoins will continue to struggle against Bitcoin (BTC) in the near future. In a recent video, Cowen highlighted a bearish trend where altcoins face significant losses when measured against Bitcoin, particularly in the lead-up to Bitcoin halving ...

Binance CEO brushes off negativity, assures firm has ‘no liquidity issues’

Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty. The Binance boss blamed negative news, rumors, bank runs, lawsuits, the closing ...

Nima Capital goes dark after dumping 9M SNY tokens, community calls it VC rug

The price of the native token of decentralized finance (DeFi) cross-chain bridge Synapse (SNY) plummeted on Sept. 5 after an unknown liquidity provider on the platform dumped nearly 9 million SYN tokens and pulled all stablecoin liquidity from the bridge.The official X account for Synapse ...

XRP Price Analysis: Will Key Support Levels and Rumors of Robinhood Listing Impact Its Future?

XRP Price Prediction: Profitable Traders Are Considering This Key Level XRP, the token caught in a longstanding court battle with the United States Securities and Exchange Commission (SEC), has rolled back to seek support and sweep through liquidit ...

Base network has officially launched: Here’s how it can be used

Coinbase’s Base network has officially launched after spending a few weeks in an “open for builders only” phase. The network is now ready to onboard users, according to an Aug. 9 announcement from the team.Several Web3 development teams have simultaneously announced that ...

Huobi’s TVL drops to $2.5B amid rumors of insolvency, investigations in China

Cryptocurrency exchange Huobi has seen outflows worth $64 million between Aug. 5-6, amidst ongoing rumors about its solvency and that Chinese authorities were investigating its executives. Outflows over the weekend resulted in the exchange's total value locked (TVL) falling to $2.5 billion at the ...

JPEG’d confirms return of 5,495 ETH from Curve hacker

Nonfungible token finance (NFT-Fi) protocol JPEG’d has confirmed that 5,495 Ether (ETH), worth roughly $10 million at current prices, has been returned by the Curve Finance hacker. In exchange for returning the funds that were stolen on July 30, the hacker received a 610.6 ETH ($1.1 ...

Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study

Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identifying and measuring systemic risk in decentralized finance (DeFi) institutions. The new protocol is called the Global Systematically Important Protocol (G-SIP), and it’s ba ...

Ethereum is about to get crushed by liquid staking tokens

Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge.While LSTs are just beginning to hit their stride, their advan ...

Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action

Crypto options exchange Deribit's future-looking Bitcoin (BTC) volatility index — used as a crypto fear gauge of sorts — has reportedly reached its lowest level in two years, indicating a possible lack of price turbulence for Bitcoin in the near future. On July 24, crypto ...

Cosmos-based Osmosis launches concentrated liquidity, lets LPs choose price

The Cosmos-based decentralized exchange Osmosis (OSMO) has launched a new “concentrated liquidity” feature, according to a July 12 announcement from the app’s developer, Osmosis Labs. The new feature allows liquidity providers (LPs) to choose a minimum and maximum price to offer to buy or sell cr ...

This DeFi platform unlocks automated asset management for retail investors

Decentralized finance (DeFi) is one of the most critical use cases of blockchain technology. Despite the dramatic decline that has left the total value locked (TVL) in DeFi at about 20% of its peak ($248.8 billion in November 2021 compared to $48.6 billion in April 2023), the trend is here ...

Kyle Davies to donate future OPNX earnings to 3AC creditors for ‘karma’

The co-founders of collapsed crypto hedge fund Three Arrows Capital (3AC) have pledged to donate a portion of earnings from their newest crypto venture to creditors who lost money in the fund’s 2022 collapse.In a July 3 Twitter Space, 3AC co-founder Kyle Davies said it would be &ldqu ...

Binance Launches NFT Lending with Support for Ethereum, Plans Expansion

Only Ethereum is accepted against NFT at this time The lending rate is 7.91% p.a. The Binance cryptocurrency exchange is launching an NFT lending feature on its trading floor. Users will now be able to obtain cryptocurrencies using NFT as collateral. Currently ...

U.S. Risks Losing Cryptocurrency Industry Leadership Amid Regulatory Pressure

Akk Invest published a report saying that the U.S. is at risk of ceding leadership in the cryptocurrency industry amid increasing regulatory pressure in the country. The report noted that major trading firms, including Jane Street Group and Jump Trading, are reducing their ...

Lido Finance Unlocks Staked Ether as Liquid Stacking Platform Upgrades to V2

The platform vault contains 270,000 ETH to avoid liquidity problems The current withdrawal queue is about 28 days Total of over 6 million ether blocked on Lido As previously announced, Lido Finance's liquid stacking platform has been updated to V2 on ...

Bitget Adds Liquid-Staking Derivatives as Margin Option for Futures

These are liquid-stacking derivatives The proof-of-stock assets act as margin Cryptocurrency exchange Bitget announced that it has added LSD as a margin option to its futures program. These are liquid staking derivatives that allow you to access blocked assets ...

First Republic Bank Faces Seizure as Customer Capital Outflows Exceed $100 Billion

In March, customer capital outflows from the organization exceeded $100 billion With the bank "up to its neck" in debt First Republic Bank's stock has fallen more than 50% Bankers expect it to be seized as soon as First Republic Bank could ...

Circle Launches Crosschain Protocol CCTP for USDC Transfers Between Ethereum and Avalanche

CCTP allows USDC to move between Ethereum and Avalanche blockchains Many protocols have already committed to using CCTP in the future Circle, the stabelcoin issuer of USDC, has launched the crosschain protocol CCTP, which allows users to transfer USDC between Eth ...

Bitget Adds Liquid Staking Derivatives as Margin Option for BGB-Margined Futures

Bitget, a crypto exchange, has recently announced the inclusion of liquid staking derivatives as a margin option for BGB-margined futures, making it the first centralized exchange to bring such a product to the market. Bitget Margined Futures is a product designed for cryptocurrency enthusiasts t ...

Bitget’s BGB Token Update: New Features and Listing on Bitfinex

Bitget, one of the leading exchanges for trading crypto derivatives and copy trading, has released an updated version of the BGB White Paper. The new paper introduces innovative features of the BGB token, such as a burn mechanism and a BGB raffle. Bitget is also increasing the liquidity and av ...

Cryptocurrencies Fall as Negative Factors Take Hold

Cryptocurrencies rose in value for over a month. But in mid-April, the course graphs turned red again. The reason for this was a combination of negative factors, noticeable through fundamental and technical analysis. Bi ...

Ethereum Network Update Boosts ETH Price to 11-Month High

Shortly after the successful update of the Shapella Ethereum network, the value of Ether, the second largest cryptocurrency by market capitalization, surged to $2,100, bringing it back to its May 2022 position. Experts monitoring the network growth rate have stated that Ether is currently leading ...

Circle Redeems $3 Billion of USDC and Buys Back $3.8 Billion to Restore Peg

According to Circle, the creator of the USDC stablecoin, users redeemed a total of $3 billion worth of USDC between March 13 and March 15. In response, Circle bought back $3.8 billion worth of USDC and issued $800 million worth of stablecoins since Monday morning. The stablecoin experienced a ...

Tether Dominates Stablecoin Market with Over 51% Share

According to CoinGecko, Tether has gained a majority share in the stablecoin market, surpassing 51% for the first time since May 2022. As of February 13, the total market capitalization of stablecoins was $137.2 billion, with Tether accounting for $68.4 billion of that amount. The second-largest ...