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Last week, Moonwell, a prominent decentralized finance (DeFi) platform, saw significant liquidations that drew attention to the risks associated with certain yield farming strategies. One such strategy involves borrowing $AERO and locking it up to earn returns, a potentially profitable approach for many users. Moonwell experienced significant liquidations last week, highlighting the risks of certain … Read more
Tether has added another $1 billion to its supply of $USDT, bringing its total November minting to an impressive $13 billion. This growth further solidifies Tether’s dominance in the stablecoin market and highlights its pivotal role in the broader cryptocurrency ecosystem. As of now, Tether’s total supply stands at a record $130.024 billion. The lion’s … Read more
Cardano ($ADA) has experienced a remarkable surge, tripling its market cap in just 17 days. The coin now approaches a significant milestone—a $1.00 market value—for the first time since April 2022. Today also marked the highest realized profits for $ADA traders in eight months, while social media buzz around the coin has reached an 11-month … Read more
@Ethena_Labs’ innovative stablecoin, $USDe, has reached a new milestone with a total supply of $3.65 billion, driven by strong demand for its funding rate yield. This growth highlights the increasing confidence in $USDe, as 75% of the coin’s supply is now staked, solidifying its stability. Since its launch, $USDe has consistently maintained its 1:1 peg … Read more
Bitcoin continues its march toward the elusive $100,000 milestone, hitting an all-time high of $99,850. As it nears this psychological barrier, limit sell orders are being triggered, and many in the market believe it’s only a matter of time before Bitcoin crosses the six-figure threshold. However, long-term Bitcoin holders appear to be taking a cautious … Read more
With the current price hike and the expected rise in bitcoin adoption by nation-states and private corporations, the world’s attention is on the digital asset. But is it too late to invest in bitcoin, enter the market, and reap the benefits? Not Early, but Not Late: Should You Invest in Bitcoin Now? Bitcoin has recently … Read more
The idea of bitcoin as a medium of exchange was at the center of its creation, eliminating the need for third parties for transacting. Discussions on social media now recall how Andreas Antonopoulos, a big bitcoin proponent, used it to promote bitcoin back in the day. But is it still relevant today? Bitcoin as a … Read more
At 1:30 p.m. Eastern Time on Monday, U.S. President-elect Donald Trump’s cryptocurrency portfolio is valued at $5.43 million. Despite the high market prices for crypto, this figure represents a noticeable dip compared to its worth in June. Crypto Commander-in-Chief Donald Trump is set to become the first U.S. President openly supportive of cryptocurrency, signaling a … Read more
The Ethereum Foundation has initiated its first-ever “Attackathon,” a community-driven challenge offering $1.5 million in prizes to identify flaws in the Ethereum protocol. Ethereum Hosts Attackathon According to the announcement from the foundation’s Protocol Security Research Team and the Ecosystem Funding Initiative, the Attackathon event will take place from Nov. 25, 2024, to Jan. 20, … Read more
Semler Scientific, Inc. announced updates on its bitcoin (BTC) holdings and capital markets activities, highlighting its evolving strategy in cryptocurrency and equity offerings. Semler Scientific Reports 58.4% Bitcoin Yield as Key Performance Indicator Between Nov. 18 and Nov. 22, Semler Scientific (Nasdaq: SMLR) purchased 297 bitcoins for $29.1 million, averaging $97,995 per bitcoin, including fees. … Read more