In a recent study, crypto market data analytics company CryptoQuant concluded that widespread interest in Bitcoin (BTC) is a positive sign for its value. Nonetheless, researchers have concluded that interest is low and that no fresh capital is being poured into the ecosystem, suggesting that the bull market’s top is
October 4, 2023 2 mins read
Initial trading activity for Ethereum futures exchange-traded funds (ETFs) was much lower than expected. Recent Ether futures exchange-traded funds failed to make a major impression despite being billed as revolutionary products. On its first day of trading, less than $2 million was traded across all nine ETFs. Valkyrie’s BTF futures
October 3, 2023 1 min read
The CFTC is putting a lot of effort into decentralized finance (DeFi). CFTC Chair Rostin Behnam has made it clear that aggressive regulation of this developing field is not negotiable, a month after the agency resolved accusations against key DeFi protocols. Behnam made a striking comparison during his talk at
October 3, 2023 1 min read
Lately, the price of Solana (SOL) skyrocketed, coming alarmingly close to $25. Due to its recent price increase, Solana is now the seventh most valuable cryptocurrency, surpassing both Dogecoin (DOGE) and Cardano (ADA). This year, the TVL for Solana reached a new high of $338.21 million. This provides some good
October 2, 2023 1 min read
By enabling the usage of cryptocurrencies and Non-fungible Tokens (NFTs) for in-game purchases, blockchain games have revolutionized the gaming experience for gamers globally. Due to the increased demand of blockchain technology, the rising appetite for decentralized games and assets, and the promise of blockchain games to deliver new and exciting
September 29, 2023 3 mins read
Recent months have seen a surge in Total Value Locked (TVL) in the Solana ecosystem, despite a precipitous decline in DEX volumes. The declining DEX activity in Solana’s DeFi landscape has caused considerable concern, given the significance of these metrics to the general condition of a DeFi network. Base, Coinbase’s
September 29, 2023 2 mins read
In light of the impending government shutdown in the U.S, the SEC has postponed a judgement on several proposals for spot Bitcoin ETFs, among them BlackRock’s. Separate filings from September 28 indicate that the SEC has also postponed the applications of Invesco, Bitwise, and Valkyrie for spot Bitcoin ETFs, and
September 29, 2023 1 min read
Do Kwon, Terra Labs’ founder, is in the middle of a legal dispute with the SEC. His extradition to the United States is a top priority for the SEC. By taking these measures, it hopes to open up dialogue about the catastrophic losses of the Terra ecosystem. Kwon’s lawyers, though,
September 28, 2023 1 min read
Total Value Locked (TVL) in the Solana ecosystem has increased recently, yet DEX volumes have dropped significantly. Given the importance of these numbers to a DeFi network’s health, the decline in DEX activity in Solana’s DeFi landscape has sparked some worry. SOL’s price had shown surprising resilience and recovered at
September 27, 2023 2 mins read
The Merge update to Ethereum’s core protocol was a watershed point in the cryptocurrency’s history, marking a transition away from the inefficient proof-of-work (PoW) consensus mechanism in favor of the more energy-efficient proof-of-stake (PoS). Ethereum’s compliance with the strict criteria imposed by the Office of Foreign Assets Control (OFAC) has
September 27, 2023 2 mins read
