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Frax Finance, established in 2020, offers FRAX, a unique stablecoin in the crypto space, along with its governance token, Frax Shares (FXS), which accrues various revenues and collateral value. Despite reaching a peak of $42.67 in April 2022, FXS has demonstrated volatility and sensitivity to market conditions. BlockTower Capital appears to be dumping $FXS! In … Read more
Aave, the decentralized finance (DeFi) platform, is currently navigating a bearish trend across its various trading timeframes, encountering losses of up to 15% in the past 30 days and struggling to sustain positive momentum over the last 24 hours. On-chain reports reveal a significant player, a giant whale, has entered the scene with a strategy … Read more
Token Terminal’s latest report highlights Sui’s remarkable performance as its Total Value Locked (TVL) surpasses $418 million, securing its position among the top 10 cryptocurrencies. Within just 30 days, Sui has witnessed an impressive 86% surge in TVL, reflecting growing investor confidence and participation. The platform boasted an average of over 20,000 active users daily … Read more
Ethereum, the second-largest cryptocurrency by market capitalization, has surged past the $2250 mark, currently trading at $2266 with a 2% increase over the past 24 hours. This upward momentum comes despite recent reports indicating significant deposits by Celsius and FTX to centralized exchanges (CEXs). Spotonchain’s on-chain reports reveal that Celsius and FTX collectively transferred $59.06 … Read more
The $ILV token from Illuvium has garnered attention recently due to its projected potential for significant growth by 2024. This optimistic outlook is fueled by expectations of forthcoming announcements regarding several notable partnerships and projects. These anticipated developments are poised to enhance Illuvium’s market presence, thereby driving up the value of its native token. Illuvium’s … Read more
The beginning of this week witnessed a decline in the overall cryptocurrency market capitalization, impacting various digital assets, including OP, the native coin of the Ethereum-based layer-2 Optimistic Rollup network. Amid the broader market downturn, $OP experienced weekly losses exceeding 17%. Despite this, a significant portion of token holders demonstrated resilience, maintaining profitable positions. $OP … Read more
In the dynamic world of cryptocurrencies, the spotlight often falls on small-cap stocks, known for their potential for rapid returns. While established blue-chip cryptocurrencies also present substantial upside, Wednesday witnessed remarkable gains in SatoshiVM ($SAVM), a decentralized Bitcoin ZK Rollup Layer 2 solution compatible with the Ethereum Virtual Machine (EVM) running on Bitcoin. According to … Read more
Cardano (ADA) continues to stand out in the cryptocurrency space, showcasing significant growth and development. Recent data from Santiment highlights a substantial increase in ADA’s development activity, reinforcing its position as a platform witnessing ongoing project launches and advancements. Last week, Cardano saw a notable surge in the number of contributors engaging in its development … Read more
In the past few days, several tokens, including $CTSI, $ONDO, $DOGE, $AMP, and $MANTA, have experienced noteworthy breakouts. Tokens on the rise often gain momentum when they have recently corrected or decreased in value, attracting attention from new traders and the wider public. This phenomenon can lead to FOMO-driven peaks or FUD-induced bottoms. 🗣️ Several … Read more
In the past week, Bitcoin faced notable shifts in market dynamics, marked by $2.2 billion in outflows from the Grayscale Bitcoin Trust (GBTC). During this period, the average holding time of transacted Bitcoin hit a record high. Bitcoin’s average holding time of transacted coins reached a record high this week amid $2.2B GBTC outflows.🔗https://t.co/1N4oOlUnxu pic.twitter.com/fmUFwtI38I … Read more
