Sunday, May 19, 2024
"Ethereum's overwhelming mindshare helps explain why its users have been willing to pay over $15 million on average a day just to use the Blockchain," a16z stated. Cryptocurrency hedge fund giant Andreessen Horowitz...
A handful of worrying factors, in addition to AAVE's correlation with the NASDAQ, raise the possibility that the altcoin will suffer another sell-off. Technical analysis suggests that a recent uptrend in Aave (AAVE)...
Cryptocurrency market commentators have not had much encouraging news as risk assets face tough times as financial tightening continues. The price of Bitcoin (BTC) hovered around $30,000 on May 18 after further comments...
Weak stock markets continue to weigh on crypto prices and technical analysis suggests that BTC is at risk of falling below its recent low of $25,500. On May 17, US Federal Reserve Chairman...
Experts believe that the current environment precludes a further rebound. Risk aversion strikes back in the stock markets that this Wednesday has again suffered significant sales after the statements of the president of...
Kwon talked to various community members about the crash of LUNA, which was trading at nearly USD 120 in early April. The developer believes that decentralized economies deserve decentralized money but warned that UST would not...
The investor highlighted that he lost that amount for having invested in the Terra ecosystem coins and urged the founder of the project, Do Kwon, to give a public apology for the more than 200,000 investors...
Funds locked in DeFi went from $231 billion in April to $110 billion in May. The bear market of bitcoin and the fall of Terra could be the cause of this decadence. After...
The whales transferred 104,261 BTC from exchanges to unknown wallets and 65,851 BTC vice versa. However, those long-term holders moved 50,360 BTC between the former platforms and only made peer-to-peer transfers of 23,983 BTC.
Another stable coin lost its dollar attachment after the controversial crash of UST from Terra. Amid what appears to be a general volatility trend among stable coins, another US dollar-pegged asset showed instability...