CEXs registered a massive surge in usage and balance after USDC’s de-peg Sustained interest in various CEX tokens also recorded a hike Despite the adverse effects of the USDC situation on various aspects of the cryptocurrency sector, centralized exchanges were able to reap significant gains during this time. Realistic or not, here’s BNB market capContinue reading “USDC’s loss was CEXs’ gain? Well, the real story is…”

MakerDAO introduces changes to protocol owing to uncertainty in the stablecoin space While MKR took a hit on the charts, interest in DAI has continued to grow rapidly As the FUD around stablecoins gathers steam, many DeFi protocols have started to implement changes and proposals to their networks. MakerDAO, for instance, has deployed new parametersContinue reading “MakerDAO cites ‘uncertainty’ to usher in new changes to protocol”

Bitcoin now seeing renewed interest, however, new investors could lose out Inscriptions have also contributed to the hike in interest in BTC Because of the Silvergate and SVB (Silicon Valley Bank) saga, many investors have lost faith in traditional banking systems. In fact, due to the aforementioned, there has been a new wave of sustainedContinue reading “Want to get in on Bitcoin [BTC]? Here’s the long and short of it all”

Lido’s initial investors have started selling their holdings en masse The protocol continues to record positive performance Lido has been dominating the LSD (Liquid Staking Derivative) space since the beginning of the year. However, despite its rising TVL and the protocol’s positive performance, many investors and validators have lately started to liquidate the assets thatContinue reading “Should LDO holders be worried? Institutional investors’ selling spree means…”

GMX issues statements about the volatility that could impact the protocol in the near future Interest in both the protocol and the token remains high The USDC saga has taken the crypto-markets by storm. For its part, however, GMX has been swift in taking action to deal with the volatility of the prevailing market. InContinue reading “What GMX’s ‘swift action’ means for the state of the protocol, its token”

Ethereum’s profits rise as trading activity increases due to USDC and SVB saga Short sellers face the heat as their positions get liquidated The aftermath of the collapse of SVB and Signature bank has been felt by the stablecoin market and various holders alike. However, Ethereum [ETH] managed to benefit from the chaos that ensuedContinue reading “USDC, SVB saga fuels massive profits for Ethereum [ETH] as Shanghai looms”

U.S. government comes to the rescue of failed banks. However, BUSD and USDC continue to suffer. The crypto community, in general, criticized the government’s bailout. Over the last few days, the collapse of Signature and the Silicon Valley Bank has impacted the financial and crypto markets quite significantly. A much-awaited response by the U.S. governmentContinue reading “USDC and BUSD breathe a sigh of relief, thanks to Biden administration”

In the wake of the SVB saga, Blur’s market share declined by 70%. Nevertheless, BAYC and MAYC witnessed consistent interest and a rise in sales. In recent times, the NFT market has witnessed some major shifts in the dominance of key players. By now, it’s a well-known fact that OpenSea has been a significant playerContinue reading “Blur, OpenSea- What does the current state of NFT market look like”

Uniswap witnessed a high surge in activity due to SVB’s collapse.  However, its UNI token didn’t see the same growth. The fall of SVB has brought a shockwave to many investors in the crypto community. While major firms and large stablecoin issuers faced the heat, the DEX sector of the crypto space, managed to seeContinue reading “Can Uniswap, Curve and Aave reap the benefits of USDC’s fall”

Circle’s new statement revealed that USDC was 100% collateralized with the majority of its holdings collateralized through U.S. treasury bills. Many investors sold their USDC, some, however, bought the bottom. Over the last few days, there has been a lot of FUD surrounding Circle after the firm was impacted by the bank run on SiliconContinue reading “Decoding the latest USDC update- Are USDT and DAI safer bets”

Ethereum’s new protocol is aimed at further Account Abstraction While new addresses have joined the network, the TVL has risen too A major part of Ethereum‘s future roadmap is Account Abstraction(AA). AA focuses on the UI/UX (User Interface/User Experience) elements of Ethereum’s ecosystem. The aim of AA is to allow more user-friendly interactions between walletContinue reading “What Ethereum’s latest deployment means for ETH and its roadmap”

Cosmos Hub ranks number one in terms of cost to become a validator Despite the low costs, the number of stakers on Cosmos Hub declined According to new data shared by Polkadot Insider, Cosmos Hub has the lowest cost threshold required to become a validator. This, because it only takes 1 ATOM to become aContinue reading “Cosmos Hub’s low barrier to becoming a validator could have these effects”