DeFi TVL has now hit its highest since May 2022. Lido’s share of the ETH staking market is decreasing. Total value locked (TVL) across decentralized finance (DeFi) protocols has risen to a two-year high amid a general market rally. DefiLlama’s data. At press time, DeFi TVL was $106.45 billion. Evaluated on a year-to-date (YTD) basis, it is up 96% since the beginning of the year. Source: DefiLlama Lido’s market share declines The value of assets locked across Lido Finance (LDO) pools, a leading Ethereum (ETH) staking provider and TVL’s largest DeFi protocol, has steadily surged since May 12. Prior to…
Author: Crypto Flexs
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Bitcoin price extended losses and traded below the $68,800 support level. BTC is now facing a hurdle as it consolidates near the $70,000 resistance zone. Bitcoin extended its decline below the $68,800 support zone. The price is trading below $69,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming at resistance $69,200. Unless the bulls push it back above $70,000, the pair could continue to move. Bitcoin price discount support Bitcoin price began a downward correction below the $70,000 support zone. BTC bears could push the…
One analyst explained how Bitcoin’s trading availability has quietly declined during the asset’s recent consolidation phase. Bitcoin could be well positioned to hit a new all-time high In a new post on X, analyst Willy Woo discusses recent trends in Bitcoin inventory on centralized exchange platforms. Related Reading The chart below shows how spot and paper BTC holdings have changed over the past few years. Both of these metrics appear to have been on the decline recently | Source: @woonomic by X As you can see from the graph, Bitcoin in spot wallets has been decreasing over the past few…
The 23-year-old cryptocurrency user presented an orange flag with the Bitcoin (BTC) logo for observers to see from the summit of Mount Everest, 8,849 meters above sea level.In a May 23 X post, Dadvan Yousuf announced that he had climbed the world’s highest mountain and reached the summit on May 20. Surrounded by Sherpas and his fellow climbers, he spent time at the summit showing off the Kurds and the Kurdish flag. BTC logo.“Interestingly enough, other climbers have been asking about memecoin pepe and the best place to buy it is the highest place on earth,” Yousuf’s spokesperson told Cointelegraph.…
Several Bitcoin mining companies and Bitcoin-adjacent stocks fell along with the broader stock market on Thursday as spot approvals continued to unfold. Ethereum ETH +0.73% ETF.U.S. Securities and Exchange Commission late Thursday afternoon. 8 spot Ethereum ETFs approvedIncludes 19b-4 formats from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton.Hut 8’s shares led the decline, falling 10%, while competitors including Riot Platforms and Marathon Digital fell about 7.6% and 5.5%, respectively. MicroStrategy is considered by many to be a proxy for Bitcoin price. BTC -2.31% Supply decreased by 6.2%.Shares of several spot Bitcoin ETFs fell between 3% and…
BlackRock’s spot Ethereum ETF, $ETHA, is now listed on DTCC after the SEC approved multiple Ethereum ETFs. The post BlackRock’s Ethereum Spot ETF Listed on DTCC under the ticker name $ETHA appeared first on Crypto Briefing.
The U.S. Securities and Exchange Commission (SEC) has approved the first Ethereum exchange-traded fund (ETF), marking a significant milestone for the cryptocurrency industry. The decision announced today will allow asset managers like Grayscale, Fidelity, and Bitwise to launch ETFs that directly track the price of Ethereum (ETH).Ethereum rose 2% on the news and was trading at $3,900 at press time, based on CryptoSlate data.Approval followed a rigorous application process and extensive market analysis. Grayscale’s Chief Legal Officer Craig Salm previously emphasized that the SEC had already addressed key issues in the approval process for the spot Bitcoin ETF, which also…
OpenAI – the symbol of AI safety According to a recent update on its official website, OpenAI, a leader in artificial intelligence research, is making significant progress in the field of AI safety. The company has always been at the forefront of advocating for responsible AI development, and our latest efforts further solidify this commitment. Systematic improvement of safety practices OpenAI is known for its commitment to ensuring that artificial general intelligence (AGI) can benefit all of humanity. As part of this mission, the organization continually works to enhance safety precautions. Recent updates indicate significant…
Stepn, a leading monetization game built on the Solana blockchain, has been expanding its social presence through new applications and new tokens since its launch nearly three years ago.FSL, the gaming and development studio behind the Stepn games, announced on May 23 the launch of Stepn Go, a new social lifestyle app that rewards daily movement and social interaction.With Stepn Go, users can now share their digital sneakers with friends and family who are new to the app, and even share their earnings. The app also enables key social features such as adding friends, messaging, avatars and more play options,…
XRP price started a new decline after failing near $0.5570. The price is now correcting its upward trend and could fall significantly if it breaks the 100-hours SMA. XRP struggled near $0.5570 and made fewer gains. The price is currently trading below $0.5350 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair, there is a bearish trendline connecting with resistance at $0.5320 (data source from Kraken). To avoid a sharp decline, the pair needs to stay above the 100-hour SMA. XRP price falls again After a steady rise, XRP price faced resistance near $0.5570. The…