The crypto industry has been seeing a price drop for nearly a full year now, but as October is coming to an end and the anniversary of the crypto winter’s start approaches, many are expecting for the bear market to end around the same time. Whether or not it will happen remains to be seen.…
Read more
During the last week, non-fungible token (NFT) sales volume has managed to climb 1.9% higher than the week prior with $85 million in NFT sales in seven days. However, the number of NFT buyers slid by 12.63%, and the number of NFT transactions is down 19.19% on October 23, 2022. NFT Sales Record a Slight…
Read more
The S&P 500 and Bitcoin bounced off their nearby support levels, indicating that the bulls have not given up and are possibly buying the dips. The 10-year Treasury yield in the United States rose to its highest level since 2008. Although this type of rally is usually negative for risky assets, the U.S. stock markets…
Read more
The crypto markets are in the red again, with the total market cap down more than 1% and trading volume shrinking in the last 24hrs. Many of the top coins in the space are also down over the last seven days, although there are some notable exceptions that are performing well. Solana has followed a…
Read more
A crypto lawyer believes the Mango Markets exploiter Avraham Eisenberg could still face consequences despite users supposedly agreeing not to pursue legal action. The $117 million Mango Markets exploiter has defended that their actions were ‘legal,’ but a lawyer suggests that they could still face consequences. Self-described digital art dealer Avraham Eisenberg, outed himself as…
Read more
These altcoins are carving out gains as Bitcoin price continues to trade within a tightening range. The United States equities markets have made a bullish start to the new week. The S&P 500 is up about 2.60% and the Nasdaq Composite has rallied more than 3%. This indicates that the markets have shrugged off September’s…
Read more
While the crypto markets were typically quiet on Sunday, a number of coins enjoyed strong weekends as the total market cap increased following a dip on Saturday. The total market cap is up nearly 1.5% to $928 billion and investors have still found good value in certain coins. The native token of the Binance smart…
Read more
The exploiter of Solana-based DeFi lending platform Mango Markets has revealed his identity, referring to his actions as “a highly profitable trading strategy.” Avraham Eisenberg, who calls himself a “digital art dealer,” has revealed that he was behind the $100 million exploit that hit Mango Markets earlier last week. “I was involved with a team that operated…
Read more
Buyers could not build upon the strong recovery of Oct. 13, indicating that higher levels continue to attract selling in the U.S. equities markets and Bitcoin. The United States Consumer Price Index (CPI) increased 8.2% annually in September, beating economists’ expectations of an 8.1% rise. The CPI print lived up to its hype and caused…
Read more
Blockchain analytics firm Chainalysis has labeled October 2022 as “the biggest month in the biggest year ever for hacking activity.” Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. October is historically associated with the bulls, but in…
Read more
