Markets

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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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Derivatives Protocol Raises $3.75M in Sale of Governance Token

The Tracer Protocol has completed a sale of 50M TCR tokens for 3.75M DAI, giving its total supply a valuation of $75M at the sales end. It has since nearly doubled to $137M, according to CoinGecko. The auction ran for five days, ending on September 15, and it used the Gnosis batch auction system, so …

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DeFi Lending Venture Rides Solana’s High-Speed Chain to $100M in Deposits

Solend, a lending platform built on the proof-of-stake blockchain, Solana, has hit $100M in deposits, according to its team.  Solend has done so without liquidity mining opportunities, but those are coming. Solend works basically the same way Compound and Aave do. Users can post assets that will earn interest, and they can borrow a certain …

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OpenSea’s Struggles Embolden Rivals with New Ways to Play Booming NFT Market

The insider buying scandal at OpenSea has hit just as a crop of rivals are circling the NFT marketplace leader.  On Sept. 15, a startup called NFTX launched what it called “the world’s most liquid decentralized marketplace,” meaning the exchange operates “on chain.” It also permits buyers and sellers to make deals without the need …

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EBay Has BitBoy But Its ‘Strange’ NFT Strategy Risks Missing a Boom for the Ages

NFTs are huge here in crypto, but the old web is not sure. Digital collectibles on the blockchain have captured the imagination of crypto heads and attracted hundreds of millions of dollars in investments. Players ranging from the Walt Disney Co. to Super Bowl champion quarterback Tom Brady are embracing their revolutionary marketing potential. Newcomers …

EBay Has BitBoy But Its ‘Strange’ NFT Strategy Risks Missing a Boom for the Ages Read More »

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