The Decentralized Finance (DeFi) landscape has gained significant traction, with numerous projects striving to innovate and enhance the financial ecosystem. Recently, crypto analytics platform Santiment published findings that highlight the top DeFi projects based on their monthly development activity. Understanding the criteria laid out by Santiment is crucial, as it reveals how development initiatives translate
Crypto
The cryptocurrency landscape continually evolves, reflecting shifts in regulatory approaches and investor sentiments. With recent developments, particularly concerning Ripple’s native token (XRP), a palpable sense of optimism has emerged among enthusiasts and investors alike. Grayscale’s decision to establish a new Trust that tracks XRP’s performance is turning heads and raising questions about the future trajectory
The financial landscape for cryptocurrency trading continues to evolve, and recent developments surrounding eToro, a major player in the financial services sector, point to a tightening grip of regulatory bodies on the industry. Amid soaring scrutiny, the U.S. branch of eToro is set to discontinue trading nearly all trading of crypto assets, following a new
In a recent development, a wallet linked to the now-defunct FTX cryptocurrency exchange, along with its affiliate Alameda Research, redeemed a staggering 177,693 Solana (SOL) tokens from the Solana Proof-of-Stake (PoS) network. This transaction, valued at approximately $23.75 million, has garnered attention and stirred speculation among cryptocurrency enthusiasts regarding potential sell-off implications. The movement was
Coinbase, a frontrunner in the cryptocurrency exchange landscape in the United States, has officially launched its Wrapped Bitcoin offering, known as cbBTC. This significant development marks a major leap forward for crypto enthusiasts and investors, facilitating the use of Bitcoin across decentralized finance (DeFi) platforms. In a strategic move to further entwine traditional cryptocurrency practices
The cryptocurrency market has long been characterized by its extreme volatility and unpredictability, often reflecting broad sentiments and reactions to macroeconomic factors. This past week, however, the market displayed an unexpected twist—despite significant declines from leading cryptocurrencies Bitcoin and Ethereum, altcoins have surged, defying expectations and showcasing the unwavering resilience of smaller projects. This article
Over the past two weeks, Bitcoin has seen a market correction of approximately 11%, leading to volatile price fluctuations. Despite a brief rebound to $58,000, Bitcoin’s price still remains below its all-time high levels. On-chain data from Santiment indicates that wallets holding less than 1 BTC are actively accumulating the cryptocurrency, with their distribution reaching
Fintech bank Nubank shocked the market by announcing the suspension of trading for its cryptocurrency, Nucoin. The decision, revealed in a blog post on September 10, stated that Nucoin can no longer be bought or sold within the bank’s app. Originally launched in late 2022 on the Polygon blockchain, Nucoin was designed as part of
In the recent analysis by ITC Crypto founder and CEO Benjamin Cowen, a wedge chart pattern was identified in the current market cycle of Ethereum. This pattern bears resemblance to previous cycles in 2019, albeit on a much larger scale. Cowen pointed out that the ETH/BTC structure hit a bottom after an interest rate cut
Bitcoin experienced a significant surge in price recently, jumping from a daily low of $53,600 to over $58,000. One of the possible reasons behind this surge could be attributed to the impact of US spot Bitcoin ETFs. These ETFs, which were established in mid-January this year, have been observed to play a crucial role in