Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from its current $2 billion mark. BTC to Boost Scalability and Liquidity The announcement, made through an April 4 thread on X, highlighted the strategic importance of incorporating BTC as a…
Uniswap, the decentralized exchange (DEX) pioneer, has achieved a significant milestone by surpassing $2 trillion in all-time trading volume. This achievement marks a historic moment for the platform, occurring five and a half years after its launch in November 2018. According to data from a Dune Analytics dashboard compiled by Uniswap’s strategy and operations lead,…
The Solana network has been grappling with a significant surge in transaction failures, with approximately three-quarters of all transactions experiencing issues amidst the frenzy of activity sparked by the recent meme coin craze. Market players believe that the current crisis is an “existential moment as big as the FTX collapse.” Solana’s Failed Transaction Climbs 75%…
Ripple’s price has recently found itself resting on a significant support area, spanning from $0.58 to the dynamic support provided by the upper boundary of the triangle formation. This critical support zone is anticipated to hinder further downward pressure, setting the stage for a noteworthy rebound in the mid-term. By Shayan The Daily Chart Upon…
TL;DR Binance updates its platform to include additional trading options for Mexican users. The move coincides with a rising adoption in the region and could drag even more people into the world of crypto. The world’s largest cryptocurrency exchange continues to update its platform to improve users’ experience and respond to the latest trends. Most…
contributor With the Bitcoin (BTC) halving event just around the corner, the cryptocurrency community is buzzing with anticipation about its ripple effects, particularly on major players like Ethereum (ETH) and emerging stars like Option2Trade (O2T). This pivotal moment in Bitcoin (BTC)’s lifecycle could potentially usher in a new bull run, with Ethereum (ETH) and Option2Trade…
contributor As we look ahead to 2024, Pepecoin (PEPE) finds itself at a pivotal juncture in its evolution within the dynamic world of cryptocurrencies. With the emergence of Shiba Budz (BUDZ) as a new competitor on the block, the landscape is set for a reshaping of market dynamics. This article explores the prospects for Pepecoin…
“Smart Bouncers” and selective transparency: A preventative compromise to brash FinCEN proposal Matan Almakis · 2 weeks ago · 3 min read Web3’s proactive measures against financial crime underline the importance of internal policing. 3 min read Updated: Apr. 14, 2024 at 12:01 pm UTC Cover art/illustration via CryptoSlate. Image includes combined content which may…
Journalist Bitcoin saw a huge number of liquidations triggered during the recent drop. The higher timeframe price chart was bullish, but investors need to HODL. Bitcoin [BTC] endured double-digit losses in the past five days, falling 16.67% from last week’s high at $72.8k to Saturday’s low at $60.6k. Despite $314 million worth of liquidations in…
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