SOL price has started to cool off as investors potentially question the reasons for the most recent double-digit rally. Solana (SOL) experienced a notable 36.6% increase in value between Oct. 30 and Nov. 2. However, SOL’s failure to breach the $44.50 mark resulted in a 10% correction down to $40 on Nov. 6. This movement…
Read more
Decentralized finance (DeFi) platform Aave has suspended operations in a number of markets after receiving a problem report on a certain function of the protocol. DeFi Protocol Discovers Vulnerability; Is User Funds At Risk? On Saturday, November 4, decentralized lending protocol Aave announced – via a post on X (formerly Twitter) that it has paused…
Read more
Decentralized crypto wealth management platform MC2 Finance becomes the latest participant of the Cointelegraph Accelerator program. Decentralized finance (DeFi) might hold immense potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles with onboarding new users -both retail and institutional- due to its limitations on the user experience side. Despite all…
Read more
Source: Adobe / iQoncept The digital asset market has recorded several wins this month with Bitcoin (BTC) hitting a 16-month high and surging activities around decentralized finance (DeFI) applications. According to data from DefiLlama, the total value locked (TVL) on DeFi protocols has soared to $42 billion, marking a three-month high, gaining $6.2 billion from…
Read more
PancakeSwap’s new portfolio manager feature seeks to streamline asset management for its users. Image by JorgeEduardo, Adobe Stock. As decentralized finance (DeFi) continues to plug along in its quest to capture market share, PancakeSwap, one of the leading decentralized exchanges, has recently taken a step toward optimizing its service offerings. On Monday, PancakeSwap announced a…
Read more
Source: AdobeStock / Bits and Splits Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Web3 news Domain and digital identity platform Unstoppable Domains announced that it entered the .com Namespace. Unstoppable users can now purchase “.com” addresses, the most popular type of…
Read more
Sixteen startups selected from over 1000 applications will present their projects to a global audience. Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups. Selected from over 1000 startup applications, the 16 participants of the second cohort…
Read more
After rallying over 170% from June 2023 lows, there are signs that Maker (MKR) bulls are losing momentum, looking at price action and decisions by various whales acting via an intermediary. At spot rates, MKR is changing hands at near 2023 highs but is down 16% from October highs. Maker (MKR) Is Selling Off: The…
Read more
The Dydx chain, a proof-of-stake blockchain network, has successfully launched its mainnet and introduced dydx as its layer one (L1) token. On October 26, at 1 p.m. EDT, the network’s validators created the first block, signifying the start of a new era for the Dydx chain. The introduction of dydx as the L1 token brings…
Read more
In what is seen to be a monumental move, dYdX, a layer-2 decentralized exchange (DEX), is open-sourcing its code as the platform prepares to implement v4. The exchange has a total value locked (TVL) of over $353 million, according to DeFiLlama. dYdX Open-Sourcing Code Ahead Of V4 According to an X post on October 24, dYdX…
Read more
