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Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M
21.6.2022
Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation.
Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate...
As Nobel Prize Winner Scores USD 100M for Ukraine, CryptoPunk Just Did Its Part Too
21.6.2022
Ukraine has raised an additional USD 103,000 through the sale of a CryptoPunk non-fungible token (NFT), while a Nobel prize winner donated over USD 103m for Ukrainian child refugees.
The donated Punk was CryptoPunk #5364, and it sold for ETH 90 (USD 103,190), according to Alex Bornyakov, deputy...
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged
21.6.2022
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity,...
More 'forced selling' ahead'? Purpose Bitcoin ETF holdings plunge by 51% in biggest outflow ever
20.6.2022
The shocking Bitcoin withdrawals appeared as BTC's extended its decline below $20,000 over the weekend
Bitcoin Nears USD 21K, Ethereum Outperforms BTC, SNX Skyrockets
20.6.2022
Bitcoin price formed a base above the USD 18,000 level and started a recovery wave above the USD 20,000 resistance level. It is currently (11:55 UTC) showing positive signs near USD 20,800, and is facing a major hurdle at USD 21,200. BTC is up 6% in a day and down 22% in a week.
Similarly, most...
Ethereum analyst warns of 'clean fakeout' despite 30% ETH price rebound
20.6.2022
One of Ether's on-chain indicators signals the token has entered its bottoming out phase
Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout
19.6.2022
Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST)...
Ethereum risks another 60% drop after breaking below $1K to 18-month lows
18.6.2022
A 2018-like bearish cycle could have Ether drop toward $420 in the coming weeks
Bitcoin Dives Below USD 20,000
18.6.2022
Bitcoin (BTC), the most popular cryptocurrency and cryptoasset, dropped below USD 20,000 for the first time since December 2020, while the second-largest cryptoasset, ethereum (ETH), is on the verge of breaking the USD 1,000 level for the first time since January 2021.
At 08:12 UTC, BTC trades...
The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%
17.6.2022
During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than...
Tether's USDT market cap dips below $70B for an 8-month low
17.6.2022
Amid Tether losing market share over the past few weeks, the Circle-backed USDC stablecoin has been notably growing, with the market value surging to $55 billion
SOL price trending toward yearly low as Solana TVL drops $870M in three days
16.6.2022
DeFi contagion fears and bearish technicals mean additional downside pressure on Solana price
Ethereum sell-off resumes with ETH price risking another 25% decline in June
16.6.2022
Ether price is forming a bear pennant pattern whose profit target comes to be near $850
Three Arrows Capital ‘Ghosted Us’ After USD 1M Went Missing, Trading Firm Claims
16.6.2022
The drama surrounding the troubled crypto hedge fund Three Arrows Capital is continuing, with one trading firm now saying USD 1m was removed from its trading account by the hedge fund, and that Three Arrows Capital’s co-founder Kyle Davies can no longer be reached....
Read More: Three Arrows...
BNB Retests $200 Level Again Within a Month!
15.6.2022
Binance Coin turned BNB token; an ERC 20-based utility token, has made huge fame in the last two years. However, its real-life utility and applications have made it among the top-performing cryptocurrencies since its inception. Bitcoin tumbling to $20,000, ETH falling to $1050; how long could...
Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving
14.6.2022
After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the...
Ethereum crashed by 94% in 2018 — will history repeat with ETH price bottoming at $375?
14.6.2022
ETH's latest plunge could bring more pain despite expectations that $1,200 should hold
El Salvador’s Finance Minister ‘Laughs off’ Claims of USD 40M Bitcoin ‘Losses’
14.6.2022
El Salvador’s Minister of Finance Alejandro Zelaya says he is “laughing off” international media reports that claim the nation’s bitcoin (BTC) adoption plans could scupper the economy and that they have left a USD 40 million hole in national finances....
Read More: El Salvador’s Finance Minister...
APENFT Successfully Completes the Sale of Five Unique Vanity Fair NFT Covers Fetching Over $100,000
14.6.2022
BitTorrent File System-powered NFT marketplace APENFT & Valuart have successfully completed their first Vanity Fair NFT Cover Drops on May 23, 2022. The NFT collection sale consisted of four 1:1 edition NFTs & a 1000-mint collection of the original “H.E. Justin Sun 2022” edition NFT. ...
Bitcoin Dives to USD 21K, Ethereum Tests USD 1.1K, FTM, THETA, and GALA Rally
14.6.2022
Bitcoin price remained in a strong downtrend and traded below the USD 25,000 support zone. BTC tested the USD 21,000 level before recovering to almost USD 22,000 again. It is currently (03:51 UTC) trading near USD 21,900, with a major support near USD 20,500. BTC is down 14% in a day and 30%...