After a few days of trading sideways and losing value, Bitcoin finally went on the offensive yesterday evening and spiked above $69,000, where it faced a strong rejection. The altcoins have suffered in the past 24 hours, aside from TON, XRP, and BCH, all of which have posted minor gains. BTC Stopped at $69K Bitcoin’s…
Ethena Labs has revealed its latest strategic move: the inclusion of Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe. This decision, aimed at significantly scaling the product’s supply from its current $2 billion, capitalizes on the burgeoning BTC derivative markets for enhanced scalability and liquidity in delta hedging practices. Ethena Labs’ ambitious goal…
Bitcoin Cash is one of the biggest cryptocurrencies in the world. Its high market cap and solid technical foundation have given it a pivotal role. BCH’s potential usability has helped to keep its price afloat in the market turbulence. A bullish trend is seen while analyzing the BCH price. Its upward trajectory has been drawing…
Ripple’s impending stablecoin launch aims to penetrate the $150 billion stablecoin market, potentially influencing XRP’s price and overall adoption. The stablecoin, pegged to the U.S. dollar, positions Ripple as a direct competitor to dominant players like Tether and Circle. Ripple, a leading entity in the cryptocurrency sector, is gearing up to unveil a stablecoin tied…
TL;DR Dogecoin experiences a 10% weekly price decline after the recent bull run, following a broader market correction. Predictions for DOGE’s price include significant increases, with discussions on its potential for reaching new ATH. Dogecoin (DOGE) is among the worst-affected cryptocurrencies (from the top 10 list) from the latest market correction, with its price tumbling…
The decentralized exchange (DEX) and automated market maker (AMM) protocol SushiSwap has been at the center of a significant controversy as users and a former associate express their opposition to proposed governance changes. The controversial proposal aims to transfer assets from the Decentralized Autonomous Organization (DAO)-controlled treasury to a new entity called “Sushi Labs,” while…
Seongnam-si, Korea, April 3rd, 2024, Chainwire TRALA LAB aims to leverage zkSync to accelerate new gaming era for millions of players TRALA LAB has announced a strategic commitment to build on zkSync, a cutting-edge zero-knowledge (ZK) technology. TRALA LAB is a subsidiary of Joycity that has gained significant popularity in the global gaming market with…
Bitcoin price is attempting a recovery wave above the $66,500 resistance. BTC must clear the $70,000 resistance to continue higher in the near term. Bitcoin is facing many hurdles near the $69,500 and $70,000 levels. The price is trading above $67,000 and the 100 hourly Simple moving average. There was a break above a key…
In a move that heralds a new era of collaboration within the DeFi realm, Bella Protocol has inked a strategic partnership with Manta Network. This alliance is set to invigorate the Manta ecosystem, drawing on Bella’s prowess in liquidity provision to spur innovation and growth. The partnership builds on the successful integration of Bella LP…