Cardano’s TVL increased as the network’s DEX volume surged. Interest in Cardano’s NFT sector has declined. Cardano (ADA) has recently seen positive growth in the DeFi sector. recent data Cardano’s Total Value Locked (TVL) has exceeded 695 million ADA, representing a significant amount of assets currently secured within the Cardano ecosystem. Growth of the DeFi space The increase in TVL is a reflection of community engagement and the platform’s evolving ecosystem. Much of this rise can be attributed to the popularity of DEXs and dApps on the Cardano network. MuesliSwap, one of the most popular DEXs on the Cardano network,…
Author: Crypto Flexs
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AVAX, the 9th largest cryptocurrency by market capitalization, has defied recent selling pressure and surged a remarkable 13% in the last 24 hours. The rally pushed the Avalanche Network token to a 10-day high of $36, sparking optimism among investors for a more sustained upward trend. Analysts attribute this positive momentum to two key factors: increased activity in a decentralized social app called The Arena and the introduction of a groundbreaking scaling solution from Ava Labs. Solid growth: AVAX TVL up 27% The Arena, a SocialFi platform built on the Avalanche blockchain, achieved a remarkable 27% surge in total value…
Bitget Wallet Launches Task2Get Season 5: zkLink Interactive Rewards Journey – Chainwire housenewsroomBitget Wallet Launches Task2Get Season 5: zkLink Interactive Rewards Journey We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary…
data CoinGeko showcases a Solana-based decentralized exchange (DEX). Jupiter recently surpassed Ethereum’s best DEX Uniswap In metrics that matter, this has created a narrative that the SOL Network may actually be ready to take Ethereum’s position as the king of decentralized finance (DeFi). Jupiter surpasses Uniswap in trading volume. According to CoinGeko, Jupiter recorded over $510 million in trading volume in the last 24 hours. Uniswap V3 on Ethereum V2 recorded $455 million and $76 million, respectively. Jupiter’s recent dominance is believed to be due in part to recent WEN airdrops from its launch pad. This airdrop brings new funds…
Cryptocurrency investment products recorded $500 million in outflows last week. Bitcoin recorded the largest outflow with $479 million, while Ethereum recorded an outflow of $39 million. Most of the outflows were in the U.S., with Grayscale’s ETFs seeing outflows of more than $2.2 billion, according to CoinShares’ weekly report. According to digital asset investment company CoinShares, outflows from digital asset investment products surged significantly last week. CoinShares’ latest weekly report shows a total outflow of $500 million from the cryptocurrency investment product market. Bitcoin outflow amounted to $479 million According to the asset management company, the global outflow of cryptocurrency…
Cryptocurrency funds from asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares recorded net outflows totaling $500 million globally last week, according to a recent report from CoinShares.Grayscale’s high-fee convertible spot Bitcoin exchange-traded fund (GBTC) continued to dominate outflows, with $2.2 billion leaving the exchange-traded fund. But the most recent data shows the impact is starting to wane, with daily outflows declining for one week in a row, wrote James Butterfill, head of research at CoinShares. GBTC leak. Image: CoinShares.GBTC’s strong outflows contrast with inflows from nine new spot Bitcoin ETFs totaling $1.8 billion last week, led by…
On October 23, 2023 we asked our attorney, Rafael Yakobi of The Crypto Lawyers to assemble an expert legal team to respond to the U.S. Department of the Treasury and FinCEN’s proposed rules that would seriously harm your privacy by effectively outlawing bitcoin mixing as well as conflating basic best practices such as not reusing addresses as a suspicious action requiring enhanced reporting.Below is an exact reproduction of the letter we have submitted to Treasury and FinCEN as part of the public request for comment period.We wish to thank Rafael Yakobi and the team he assembled to draft this response…
Cryptocurrencies have taken the world by storm, providing a decentralized and secure way to conduct financial transactions. One of the newest players in this space is Saturn2Coin, a promising new cryptocurrency that has the potential to revolutionize the industry. In this article, we will reveal the secrets of Saturn2Coin and explore why it could be the next cryptocurrency revolution. What is Saturn 2 Coin? Saturn2Coin is a next-generation cryptocurrency built on the principles of decentralization, privacy, and security. It is designed to solve some of the key challenges facing existing cryptocurrencies, such as scalability and transaction speed. Saturn2Coin aims to…
Ethereum price is attempting to recover above the $2,240 area. ETH could gain bullish momentum if it breaks through the $2,300 resistance zone. Ethereum began an upward correction above the $2,200 area. The price is trading above $2,240 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a bearish trend line that connects with resistance near $2,265. Breaking out of the $2,300 resistance area, the pair could begin a steady rise. Ethereum price gains strength again Ethereum price formed a base and began a recovery above the $2,220 resistance…
Cardano (ADA) price has been falling since December 14, 2023, reaching a lower high on December 29. Cardano recently fell below an important horizontal support area and is validating it as resistance. Cardano falls after multiple rejections Technical analysis on weekly time frames shows that the ADA price has risen sharply since October 2023. However, despite numerous attempts, it has not been able to break out of a significant horizontal resistance area that has existed since May 2022. ADA has created six consecutive long upper wicks (red icons), which are considered a sign of selling pressure. A sharp downward movement…