DeFi

As the market saw red again, the king coin and the top alt both took a dive in order to revisit levels that some investors had assumed would never be seen again. At press time, Bitcoin had fallen below $42k. Meanwhile, Ether [ETH] was changing hands at $3,048.36 after dropping by 6.27% in the pastContinue reading “Ethereum [ETH] sees double-digit weekly losses but it seems that whales are…”

THORChain has seen better days, definitely. Back towards the end of October, it had rallied nearly 120% and recently over 200% due to the low base effect. But looking at the larger picture shows a slightly concerning situation for the coin. It attempts to solve a major issue in the cryptocurrency – primarily acting asContinue reading “THORChain: Bearish charts yet positive metrics, here’s what to do with RUNE”

Though crypto is said to be decentralized, Grayscale’s recognition of crypto assets certainly help define the trajectories of coin or token prices. However, more than just new product additions, asset removals are also key in understanding what institutional investors want – or don’t want. No gray area here In a press release, Grayscale Investments sharedContinue reading “Grayscale slams the gavel; AVAX & DOT join the family, SNX & SUSHI cast out”

Sky Mavis has announced to reimburse all the victims in the $600 million that took place on 23 March. Binance confirmed it is leading the initial $150 million funding round with Animoca Brands, a16z, Dialectic, Paradigm and Accel also participating. On 23 March, Sky Mavis’ Ronin and Axie DAO validator nodes were hacked. The hackContinue reading “Ronin hack: Sky Mavis prepares reimbursement through $150M funding round”

Just days ago, bulls were celebrating the fact that Bitcoin had climbed over the $45k resistance and seemed ready to take on $48k. However, the tables turned rapidly and Bitcoin crashed through not just the $45k level, but the $44k level as well. The crypto community is panicking, but there’s more to take notice ofContinue reading “Bitcoin crashes through $45k but investors aren’t done buying the dip”

The month of March 2022 was very profitable for the crypto market as most of the coins saw a significant recovery. Notably, the recovery wasn’t limited to the spot market but also to the DeFi market. DeFi assets rise up The DeFi Pulse Index (DPI), which tracks the performance of 15 DeFi tokens, has observedContinue reading “DeFi Pulse Index rises by 52.65% on the back of AAVE, Synthetix and BadgerDAO”

Another day, another DeFi hack as this popular Ethereum based lending protocol suffered a multi-million dollar exploit. Inverse Finance, a lending-focused decentralized finance protocol, lost more than a $15 million loss. Sad day for DeFi  Another prominent decentralized finance protocol has fallen victim to a crippling security breach. Inverse Finance, a stablecoin protocol that focusesContinue reading “Third in a week: Yet another ETH based DeFi protocol suffers a $15.6 million exploit”

Decentraland, although is better known for its metaverse capabilities, is also a preferred investment from crypto token holders. But the last couple of weeks during which the market seemed to be marking rallies, MANA, despite rising by 21.11%, already pumped the brakes and activated its reverse gears. But the recent ecosystem developments might change thingsContinue reading “Can Decentraland’s [MANA] brand collaborations trigger dying uptrend”

The broader market has begun correcting to find a more suitable level to bounce back from. However, Axie Infinity (AXS) and SushiSwap (SUSHI) seem to be running a little too far below their +6% drawdowns at press time. DeFi hotshots shot down For AXS, the events that transpired a few days ago (Ronin hack) makeContinue reading “SUSHI got a raw deal in March, but will April be any different”