“For crypto assets, this all likely means continued range trading around current levels. Bitcoin seems to be holding fairly close to $30,000 at the moment which is a near 100% increase from January when it started the year at $16,540,” he said in a note. “There are few assets that perform this well in a “bear” market, and canny seasoned traders will likely have done well on BTC this year.” Original
Algorand’s largest decentralized finance (defi) protocol Algofi will shut down as the platform says it is unable to maintain the highest standards following a “confluence of events.” Algofi sunsetting operations Algofi announced the news in a Medium blog post on July 11, stating that the platform will soon move to “withdrawal-only mode” and will also close down all its social media platforms except for its Discord channel “to ensure seamless, unified communication.” 1) Hey Everyone, We have some unfortunate news to share regarding the Algofi protocol. After a lot of…
Crypto investors now effectively lend $614 million to the U.S. government via different tokenized Treasury products, according to real-world asset data firm RWA.xyz. Source