A recent update to Hydra has caused the Total Value Locked (TVL) of Cardano Decentralized Finance (DeFi) to rise. According to DeFiLlama’s data, the Cardano DeFi TVL has reached $243.17M. In little over two weeks, the network has seen a rise of almost 20% compared to July 6. With a
Despite the market volatility and the disappointing CrowdStrike failure, the Bitcoin (BTC) mining hashrate has stayed relatively unchanged. This hashrate really saw a significant uptick, which happened to coincide with the current uptick in the price of Bitcoin. The current Bitcoin mining difficulty is estimated at 82.05 trillion, according to
Web3 has been a buzzword within tech circles over the past three years. This latest iteration of the internet became popular following the debut of decentralized finance (DeFi) and non-fungible tokens (NFTs) in 2021, along with more nascent digital asset niches such as real-world asset (RWA) tokenization. But despite being
The Chicago Board Options Exchange (CBOE) recently announced that five new spot Ether ETFs will commence trading on July 23, following the SEC’s approval of rule changes on May 23. These ETFs, including top institutions like VanEck, 21Shares, Invesco Galaxy, Fidelity, and Franklin, are expected to draw significant attention from
After a five-month suspension, triggered by a significant investigation, cryptocurrency exchange BitForex has announced it will soon allow users to withdraw their assets. This decision follows the detention of the BitForex team by Jiangsu Province authorities in China on February 23rd, which led to a halt in operations and concerns
Industry’s one of the leading digital asset custodians, Copper, today announced that it has expanded on a prior initiative with the Swiss non-profit DFINITY Foundation, a major contributor to the Internet Computer (ICP), to allow institutional investors to securely hold and stake their ICP assets directly in the Copper Platform. Copper will
The crypto market anticipates the impact of spot Ethereum ETFs launch on the momentum it is currently experiencing. After a week of bearish signals along with brief recovery rallies, ETH continues to trade within the $3.4K level. Earlier this week, Grayscale announced a waiver fee strategy, waiving fees on inflows
The overall crypto market witnessed a slight dip in both market cap and trading volume in the last 24 hours. Leading cryptocurrencies, Bitcoin and Ethereum also showed mild price dips after the recent bullish trends. Meanwhile, the second largest altcoin, Solana, showed bullish movements crossing the resistance levels, at the
The US-based Ripple ecosystem has witnessed several advancements over the past few months. Amid its lawsuit against the SEC drawing to a close, the ecosystem also launched its very own stablecoin, RLUSD, in April. The blockchain activity of Ripple has shown significant growth over the last two months, as the
On Wednesday, a total of $53.35 million daily net inflow was recorded into the eleven U.S. spot bitcoin exchange-traded funds, bringing the positive run to nine days. Having said that, Tuesday’s net inflows of $422 million were far higher. SoSoValue data shows that BlackRock’s IBIT had the day’s greatest net
