Ethereum risks another 60% drop after breaking below $1K to 18-month lows
A 2018-like bearish cycle could have Ether drop toward $420 in the coming weeks. Go to Source Powered by WPeMatico
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Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year
Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. … Read more
High-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective
At the time of publication, it is not clear how the DeFi detective allegedly connected wallets with questionable activities to Jeff Huang. Go to Source Powered by WPeMatico
Top 5 DeFi Projects With the Highest TVL (June 2022)
Software protocols that run on top of a blockchain network like Ethereum or Cosmos are called DeFi projects. To automate financial services, these projects use the underlying protocol technology and novel innovations. DeFi Projects gets their name because they are non-custodial and decentralized. The term “non-custodial” refers to the fact that the system does not … Read more
SOL price trending toward yearly low as Solana TVL drops $870M in three days
DeFi contagion fears and bearish technicals mean additional downside pressure on Solana price. Go to Source Powered by WPeMatico
NEXO price drops 40% in three days on rumors of ties to ‘insolvent’ crypto fund
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations. Go to Source Powered by WPeMatico
Ethereum price falls below $1.1K and data suggests the bottom is still a ways away
ETH price has stalled around the $1,100 level, but several data points suggest the altcoin’s sell-off is far from complete. Go to Source Powered by WPeMatico
Crypto crash wreaking havoc on DeFi protocols, CEXs
Data points to capital flight among most major DeFi protocols. Go to Source Powered by WPeMatico
Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH
ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it. Go to Source Powered by WPeMatico
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency have been swirling. On June 12, around … Read more