The U.S. Securities and Exchange Commission (SEC) announced on August 31 that it will postpone decisions on proposed rule changes related to spot Bitcoin exchange-traded funds (ETFs) until October. The SEC is postponing judgments on proposed rule changes that would allow Fidelity (Wise Origin), VanEck, WisdomTree, Invesco, and others to offer spot Bitcoin ETFs on…
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The annualized revenue generated by the popular decentralized finance (DeFi) protocol Maker has risen to over $165 million, representing a 2-year high. The strong development in revenue could be seen in data from Makerburn.com, which at the time of writing also showed that revenue had surpassed the high from November 2021 to reach its highest…
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SHIB, UNI, MKR and XDC show signs of strength even as Bitcoin price remains stuck inside a narrow range. Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that…
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U.S. inflation metrics saw a notable rise recently, with the Consumer Price Index (CPI) experiencing a 3.2% increase over the past year leading up to July. Despite the financial development indicated by this data released by the Bureau of Labor Statistics (BLS) on Thursday, the performance of Bitcoin and Ethereum has been relatively lackluster, with…
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Tether (USDT), the USD-pegged stablecoin issued by web3/fin tech company Tether, fell slightly below its 1:1 peg against the US dollar on Thursday on decentralized exchange (DEX) Curve Finance, pushing the DEX’s main stablecoin liquidity pool (Curve 3pool) into imbalance. USDT fell as low as 0.998 versus its competitor USD-pegged stablecoin USDC and against Maker…
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Major cryptocurrencies saw an increase in their prices in the final hours of trading yesterday, coinciding with the news of MicroStrategy Inc’s financial recovery in Q2. Considering this latest development of the business intelligence giant reporting a substantial improvement in its financial status, what are the best cryptos to buy now?… Read More: Best Crypto…
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Bitcoin’s price consolidation is giving altcoin traders confidence that DOGE, MKR, OP and XDC could break out. Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the…
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Maker (MKR), one of the prominent players in the decentralized finance (DeFi) space, has experienced a remarkable 11% price surge in the past seven days. Despite a slight drop in the last hour, the token’s performance remains impressive. Maker (MKR) Bullish Price Sentiment Maker’s recent price performance has been noteworthy, with a solid 11% increase…
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Mark Yusko, the principal of Morgan Creek Capital Management, a fund management organization with $1.6 billion in its custody, shared some thought-provoking predictions about the future value of Bitcoin today. He sees the most prominent cryptocurrency achieving a value of $300,000 by the end of 2028, raising some eyes in the crypto space today as…
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In a move to combat ongoing inflationary pressures in the U.S. economy, the Federal Reserve announced a 0.25% hike in its key interest rate today, pushing it to a high of 5.5%—a level unseen in 22 years. Despite witnessing a decline in consumer prices for a consecutive 12-month period, June marked a rise with a…
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