Even with the severe decline in the cryptocurrency market, DeFi protocol Aave generated a whopping $6 million in revenue. Considering the intense pressure on other platforms, this accomplishment was a remarkable success. The release of the US jobs report and the Bank of Japan’s rate hike, which alarmed investors and resulted in intense selling pressure,…
On Monday morning, Ethereum plunged more than 20%, a victim of a severely wounded cryptocurrency market that seems to have been pulled down by alarming indications of a possible impending global recession. With the early wake-up call of a carnage on Monday, ETH fell almost 22%, from almost $3,000 to $2,280 at the time of…
Pre-market trading for U.S. stocks tied to cryptocurrencies has seen a steep decrease ahead of the opening bell, reflecting the dramatic decline in the larger crypto market. The sell-off has sent shockwaves through the ecosystem of digital assets and was brought on by a confluence of factors such as regulatory concerns, macroeconomic uncertainties, and geopolitical…
$528 million was pulled out of digital asset investment products last week, the first decline in four weeks. According to a recent analysis from CoinShares, the flight is thought to be a reaction to growing worries about a possible US recession, which are exacerbated by geopolitical unpredictabilities and the ensuing mass liquidations across a variety…
Among exchanges that support USD, Crypto.com held the largest market share in spot cryptocurrency trading volume in July. The Block Data Dashboard reports that Crypto.com, with a 38.5% market share in spot cryptocurrency trading volume, ranked #1 for the first time in more than two years. Coinbase came in second place with 35.8% of the…
The decentralized lending startup Morpho Labs acquired $50 million in investment, with Ribbit Capital leading the round. According to an announcement from Morpho Labs, additional funders included a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, Kraken Ventures, Hack VC, IOSG, Rockaway, L1D, Semantic, Mirana, Cherry, Fenbushi, LeadBlock Bitpanda Ventures, Robot Ventures, and others. Paul…
Later this month, the Stock Exchange of Hong Kong (HKEX) is expected to introduce Asia’s first-ever Bitcoin inverse product.The fund, known as CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376:HK), is intended to offer inverse exposure to the fluctuations in the price of BTC. Important Fund Information The next Bitcoin inverse product is scheduled to…
Kaspa accumulation phase continues with a 70% volume increase while exhibiting a noticeable bull run in motion. Following the breach of the above trendline, $KAS is poised for a massive 25% surge.In contrast to the majority of popular altcoins, Kaspa has shown steady growth over the last several months. Disregarding the bearish trend in the…
In its case against Binance, the US Securities and Exchange Commission (SEC) sought a ruling from a court regarding the classification of some tokens as securities. However, the SEC has now withdrew this request. In a document filed on July 30, the SEC asked to have its complaint about “Third Party Crypto Asset Securities” amended…