In order to increase SNX token liquidity and market making on both centralized and decentralized exchanges, the Synthetix Treasury Council has announced a strategic agreement with DWF Labs. As a result of the collaboration, DWF Labs will include Synthetix perpetuals in their trading operation and expand to be a substantial volume
Due to insufficient investor interest, 21Shares, a crypto ETP issuer located in Switzerland, would allegedly shut down five of its funds and delist another. According to Arielle Pennington, the company’s head of global communications, the company will keep offering its other products, which are in high demand. Bloomberg reports that
Core DAO, a layer-1 blockchain running on a combined Proof-of-Work (PoW) and Delegated Proof-of-Stake (DPoS) consensus mechanism known as “Satoshi Plus”, once again sparked Crypto Twitter with more than 11.5K tweets in just 24 hours. Following the trends over social media, the Core DAO token CORE price surged over 10.34%
Bitcoin (BTC) marked this year’s second high above $28,000 in the last 24 hours. Previously, BTC charted a high of $25,512 at the beginning of 2023. Amid global bank runs, Bitcoin’s bull run powers up the cryptocurrency market’s recovery. Notably, at press time, the Bitcoin fear and greed index stood
Volt Inu (VOLT) is making some noises in the crypto Twitter, as the predominant cryptos are racing on the bullish track. The hashtag ‘#VOLT’ is in trend for continuous two days with over 20K tweets and mentions. Two major updates in the pipeline for the ecosystem are VoltiFlex, a multi-chain
The DeFi ecosystem has once again become a haven for hackers, as lending protocol, Euler Finance was recently hit by a flash loan assault that resulted in a net loss of approximately $19 million. This was the largest heist of 2023 to date. Since the largest decentralized finance (DeFi) theft
Yat Siu, the co-founder of Animoca Brands, a gaming company, has indicated that royalties have helped drive the rise of the non-fungible token (NFT) market. All of these developments occurred due to the fact that royalties were conceivable as per Siu. Siu, the co-founder of the Hong Kong-based firm, has
Salesforce and Polygon have collaborated to develop a new kind of management platform for NFTs. Salesforce, the largest customer relationship management (CRM) platform in the world, and Polygon, one of the most well-known blockchain networks, have joined forces in noteworthy cooperation. President of Polygon Labs Ryan Wyatt tweeted on Thursday
The DAI stablecoin’s issuing body, MakerDAO, has voted in favor of increasing its allocation to existing US Treasury holdings. DAI’s stablecoin liquid backing is being diversified by exposure to real-world assets (RWAs). Such as an increase in investments in government treasury bonds. Last year, MakerDAO’s RWA strategy kicked off with
An optimistic result for the cryptocurrency market at the forthcoming Federal Open Market Committee (FOMC) meeting is possible given the continued banking crisis and macroeconomic worries in the United States. On March 21st and 22nd, 2023, the Federal Open Market Committee will convene to discuss how best to achieve the
