Markets - Page 13
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Bellwether DeFi Pulse Breaks Past $100B in Historic Moment for Decentralized Finance
DeFi Pulse's bellwether DeFi Index crossed $100B for first time.
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DeFi Alliance Announces New Hires as Web3 Continues to Attract Talent
Web3’s growing market cap continues to serve as a magnet to bring talent into the blockchain-enabled space. DeFi Alliance, the startup accelerator akin to Y Combinator but for DeFi, has poached three superstars who hail from Blackrock, Facebook and Lambda School. “Web3 has sparked the intellectual curiosity of talented people all across the globe,” Imran…
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Anything But Smooth: Axie Infinity’s Love Potion Token Whipsaws Game Players
Axie Infinity is a blockchain-based game that’s become a smash hit with crypto users. It allows players to earn real money, and lots of it, surpassing the monthly salary for many in the world’s poorest countries. It’s a massive game, sporting 1.5M daily users, according to its most recent development update. That’s more than Bitcoin’s…
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Oracle Pyth Goes Haywire on Solana with Bad Prices
The Pyth Network malfunctioned on Sep. 20 as the data provider reported a Bitcoin price of $5,402 on a day when other sources like CoinGecko didn’t report a BTC price below $40K. That wasn’t the only snafu. Pyth’s price feed for the stock of movie theater chain, AMC, showed a spike to $772 on Sep.…
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DeFi Market Stabilizes After White Knuckle Drops Monday
Crypto markets Tuesday morning appeared to be shaking off gut-wrenching falls in the last 24 hours. At one point Monday, At one point, ETH nosedived 2.8% in an hour. Ethereum was up 0.5% in trading at 7:15 AM, according to CoinGecko data. Cardano increased 0.4% and Solana, Avalanche and Chainlink were flat. So, too, was…
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Fears of Chinese Property Meltdown Trigger Broad Selloff in Equities and Crypto Markets
Crypto markets were in the red on Monday morning NY time, and DeFi names were taking a beating as investors worldwide turned bearish overnight. Pacesetter Aave was down 13.6% in the last 24 hours, and Maker’s MKR wasn’t far behind with a 10.7% drop, according to CoinGecko. Ethereum shed 8% in the last day, and…
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Crypto Markets Keep Sliding As Traders Brace For A Volatile Autumn
Crypto markets continued to swoon in mid-morning trading New York time Wednesday, with top DeFi names such Ethereum and Solana skidding more than 8% in the last 24 hours. The sudden slide this week caught investors by surprise after a glorious run in August saw Bitcoin and ETH reclaiming much of the ground they lost…
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It’s Been a Killer Week for 'Ethereum Killers'
This is shaping up to be a killer week for so-called “Ethereum killers.” Of the 100 largest tokens in terms of market capitalization, seven of the top ten biggest gainers in the last week are smart contract platforms, according to CoinGecko. Eleven of the top 15 smart contract platforms are up double digits on the…
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The Bulls are Back Despite Crypto’s Washington Woes
The crypto rally is raging even as regulation that has the potential to clampdown on the industry looms in the U.S. Digital assets are up across the board — Bitcoin has surged 14% in the last seven days, hitting a high of $46,704 in the last 24 hours before settling around $45,000 in early morning…
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Are the Bulls Back? Crypto Markets Whipsawed With Amazon News
Crypto markets were showing impressive strength to start the week, on track for a sixth straight day of gains –– until news headlined caused prices to trip mid-run. Bitcoin shot up to as high as $40,300 and Ethereum was trading above $2,400 on Tuesday. The DeFiPulse Index (DPI), a market capitalization-weighted index which consists of…