Despite Circle’s moves to avoid being affected by the U.S goverment, the overall sentiment around USDC remains negative
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Solana network witnesses high activity on the protocol. Potential token drops of dApps can propel Solan’s growth further.
According to recent data, spot trading on popular exchanges such as Binance and OKX has fallen by 46.9% and 36% over the last month.
ParaSpace, an NFT lending protocol, observed conflicts surrounding its governance due to management issues. As large withdrawals take place, the NFT sector gets impacted.
At press time, the Ethereum Foundation sold 15,000 ETH. On the last two occasions when the Ethereum Foundation opted to divest its holdings, the market value of ETH decreased.
Binance and Robinhood begin to face issues in terms of withdrawals. FUD amongst traders rises as short positions taken increase.
New launches on the Polygon network inspired some interest from the crypto community. However, overall, activity in the Polygon’s NFT space continued to decline.
Gas usage on Arbitrum dApps increased materially as interest in the protocol surged. Optimism failed to keep up with Arbitrum’s growth.
Due to the increase in Bitcoin’s [BTC] price, the revenue generated by miners also witnessed a spike.
The number of Polygon Wallets on the Polygon network begin to decline. Polygon’s performance in the DeFi sector wanes due to the underperformance of DEXs.
Polkadot’s Governance plans to make new changes to the protocol. The proposed changes failed to have any impact on DOT prices, however stakers stay optimistic.
Ethereum burned surges over the last 24 hours. Interest from retail investors remains high, developers discuss new additions to the future Deneb upgrade.