In effect, it has drafted an offer to Celsius in the form of an intent letter. Celsius said today that it stopped withdrawals, swaps, and transfers. The Celsius event rattled the crypto industry more than the market-wide weekend slump. The staking and lending platform was criticized for its inability to
The stock market has always influenced cryptocurrency and DeFi tokens. A direct consequence of Amazon’s move will be felt by holders of DeFi tokens that reflect AMZN stock on the crypto market. Amazon’s Stock Break Up On June 6th, the 20:1 stock split went into effect, dividing each existing AMZN
One of Singapore’s fastest-growing Decentralized Finance (DeFi) platforms has secured a crypto license from the Lithuanian Registrar of Legal Entities. It allows the platform to provide and operate crypto custodial wallets in Lithuania and exchange cryptocurrency. When the EU Markets in Crypto-assets Regulations (MiCA) comes into force, Cake’s cryptocurrency registration
An index vault that provides non-inflationary returns and risk management has been launched by the ThetaNuts Finance platform that streamlines the process of options trading. The launch of the ThetaNuts Stronghold index vault was announced today. By depositing their assets directly into DeFi Option Vaults, Thetanuts Stronghold allows consumers to
Let us look at the top 3 DeFi projects by social activity as per CryptoDep. Terra Classic (LUNA) After the Terra community accepted Do Kwon’s rebirth plans, many major crypto exchanges reported they were already prepared to offer Luna 2.0. Luna and UST’s worth were shattered when UST lost its
Terra lost almost 98% of the market volume and went to 271st place in CMC. The DeFi crypto market cap is $52.93B. 23.97% fell over the last day. The Cryptocurrency market is already in a bearish zone. it dropped more than half of its volume from its all-time high of
Uniswap has been down 14.42% in the last 24 hours. PancakeSwap uses an automated market maker mechanism. Let us look at the top 3 AMM tokens by market capitalization as per CryptoDep. ⚡️Top #AMM Tokens by Market Capitalization11 May 2022$UNI $CAKE $CRV $OSMO $BNT #1INCH $SUSHI $KNC $RAY $PERP pic.twitter.com/Q4SQ2m4oAD
Today, Hyperdex the all-in-one investing platform for decentralized finance (DeFi), has announced its mainnet launch. Hyperdex has launched an initial trio of products, Fixed Income, Algo Trading, and Race Trading, following rigorous refinement and third-party auditing. These options, known as ‘cubes,’ will help users become used to Hyperdex and its
The decentralized finance ecosystem, popular as DeFi, has experienced magnanimous growth over the past three years, growing into a $100 billion market. The ecosystem is still relatively new in the growing crypto market but offers its users vast opportunities to earn income, connect to the financial system, and profit from
The DeFi ecosystem continues to develop at a rapid rate, with innovations ensuring that mainstream users can access and take advantage of novel financial solutions in the decentralized ecosystem. One such development is flash loans. Flash loan is a type of DeFi loan that allows users to borrow funds and
