Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable signThe global crypto market cap is $1.21 trillion with a 24-hour volume of $64.64 billion. The price of Bitcoin is $29,812.06 and the BTC dominance is at 46.3%.
by Rohan Jethi Many traders fear that the bear market might officially be here after dropping more than 50% from all-time highs on average. Several large-cap decentralized finance (DeFi) tokens, such as Badger, ThorChain, Alpha Finance, and others, have now fallen up to 85% from their 2021 highs. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Crypto bank BlockFi faces regulatory block in New JerseyThe New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction. Neon Labs is deploying the Ethereum Virtual Machine (EVM) on SolanaNeon Labs, a company building secure blockchain solutions, announced today that it will be deploying its cross-chain EVM solution on the Solana testnet. $540 million ‘rekt’ as top cryptos plunge overnight. Here’s the aftermathBitcoin dropped to under $30,000 last night and sparked a selling frenzy in the crypto market—one that led to half a billion dollars in liquidations, $285 million of that in BTC alone. Ethereum founding member quits crypto, downplays its overall use caseOne of Ethereum’s founding members has stepped down from the crypto space to concentrate on work in other impactful industries, reported Bloomberg over the weekend. Grayscale just launched a new DeFi fund. But is 50% of that Uniswap (UNI)?Leading crypto asset management company Grayscale Investments has announced that it would be launching a DeFi Fund and Index, the firm second-ever diversified investment product, as per a release today. Why this fund manager expects a major pullback in stocks and Bitcoin soonPrincipal at Moran Tice Capital Management, David Tice, said right now is a dangerous time for both stock and Bitcoin investors. No shilling Dogecoin or Shiba Inu? How TikTok’s crypto ban helps the spaceCelebrities shilling meme coins like Dogecoin, Shiba Inu, and Baby Doge Coin became a recurring theme throughout 2020 as the crypto markets rose. US Feds want to tame ‘wildcat’ stablecoins like Tether and USDCA research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stablecoins. Binance ‘burns’ nearly $400 million worth of BNBMajor cryptocurrency exchange Binance has announced that it successfully completed the 16th quarterly token burn yesterday, removing $393.6 million worth of Binance Coin (BNB) from circulation. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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