DeFi market maker Swaap Finance has launched a new service called Swap Earn, allowing users to earn an extra yield on already yield-bearing assets. The protocol tops up investor returns through market-making yield, spreading investors’ assets across multiple pre-defined protocols. Yield On Top Of Yield Market making is when DeFi users provide liquidity to decentralized...Read More
Chinese mainland-based equity funds are reported to have filed applications to introduce spot Bitcoin exchange-traded funds (ETFs) through their Hong Kong subsidiaries. The development comes amid a month-long surge in crypto prices and heightened efforts by Hong Kong to establish itself as a global fintech hub. China Equity Funds Apply for Bitcoin ETFs According to...Read More
In an effort to protect its decentralized crypto exchange (DEX) against potential security threats, the dYdX community has approved a proposal to stake 20 million DYDX tokens. This decision comes amidst a surge in trading activity experienced by the platform. dYdX Proposes Enhanced Security Measures The proposal presented by dYdX emphasized the necessity of increasing...Read More
An anonymous cryptocurrency investor with the username “Sell When Over” on X has reported a loss of $800,000 due to two allegedly malicious Google Chrome browser extensions. The investor first raised the alarm with a post on X, revealing that they had discovered a loss of $500,000 from multiple wallet applications. Chrome Extension Attack Leads...Read More
In the past 24 hours, Bitcoin (BTC) has rallied roughly 5%, surging past $72,000 in an attempt to retouch its all-time high. This upward trajectory has significantly reduced the number of addresses holding the digital asset at a loss. According to data on IntoTheBlock, there are currently zero BTC addresses at a loss as the...Read More
[PRESS RELEASE – Jakarta, Indonesia, April 8th, 2024] PT Bursa Komoditi Nusantara (CFX), the world’s first national Indonesian crypto bourse, continues to strengthen the domestic cryptocurrency ecosystem. To date, there are 35 prospective crypto exchanges that have been registered with The Commodity Futures Trading Regulatory Agency (Bappebti). To become a regulated crypto exchange in Indonesia,...Read More
Bitcoin underwent significant recovery after a slew of corrections last week. The latest price action pushed the world’s largest crypto asset by market cap above a crucial resistance area, sparking optimism among investors as the ecosystem gears up for another crucial event of the year – halving. As Bitcoin hovers above $72,000, the uptrend can...Read More
Arthur Hayes, founder and former CEO of the crypto exchange BitMEX, has unstaked and offloaded more than 237,000 GMX, the native tokens of perpetual crypto futures decentralized exchange GMX, which has been in his possession since March 2022. According to a tweet by market analysis platform Lookonchain, Hayes transferred the tokens to a new address...Read More
The meme coin market is roaring back to life, with tokens like Pepe (PEPE) and dogwifhat (WIF) leading the charge. Several catalysts are combining to produce this bullishness, and one project taking advantage is the Solana-based Slothana (SLOTH) – which has now raised a staggering $10 million during its ongoing presale. Meme Coin Mania Grips...Read More
(Any views expressed below are the personal views of the author and should not form the basis for making investment decisions nor be construed as a recommendation or advice to engage in investment transactions.) Ping…Ping…Ping… That is the sound of my phone alerting me to overnight snowfall at the various Hokkaido ski resorts I monitor....Read More
Shiba Inu (SHIB) is one of the most popular meme coins in both crypto and the mainstream. However, with the rapid expansion of the Shibarium ecosystem, scammers are once again targeting the community with fraudulent tokens. Scammers are becoming more sophisticated in their deception of crypto communities. This time, they’re targeting Sheboshis (SHEB), an experimental...Read More
Another busy week is shaping up on the US economic calendar with key inflation data and the minutes from the March Federal Reserve meeting. Core Consumer Price Index (CPI) figures are due out, and market participants eagerly await them as they are a leading inflation indicator. Additionally, the Q1 2024 earnings season kicks off on...Read More
[PRESS RELEASE – Singapore, Singapore, April 8th, 2024] DigiFT, the first on-chain Real World Asset (RWA) exchange regulated by the Monetary Authority of Singapore (MAS), is proud to announce the launch of its second-series RWA depository receipt (DR) token. The DigiFT USD Money Market Fund Token (DMMF), aims to offer a new cash management option...Read More
In a report released earlier this week, analysts from investment manager VanEck forecasted that Ethereum’s Layer 2 scaling networks will reach an astonishing $1 trillion market capitalization by the year 2030. The $1 trillion prediction was reached by estimating that Ethereum would hold 60% of the market share across all public blockchains and assessing the...Read More
