In two weeks, the total value of assets locked in Solana-based DeFi protocols has declined from 12.03 million SOL to 10.23 million SOL, the lowest since April 2021, according to DefiLlama. TVL, though an imperfect measure, is widely tracked to gauge the usage of smart contracts. Source
Hong Kong’s Securities and Futures Commission (SFC), the independent statutory body tasked with regulating the securities and futures markets, has released two circulars aimed at overseeing the tokenization of digital assets. These circulars provide guidance for intermediaries engaged in tokenized securities activities and delineate the criteria for tokenizing investment products authorized by the SFC. Retaining responsibility In the announcement dated Nov. 2, the SFC states that when intermediaries, such as fund managers overseeing tokenized funds, issue or have substantial involvement in the issuance of Tokenized Securities they intend to handle or…
Individual creators and brands will ultimately determine the future of the metaverse as opposed to any centralized entity, according to the co-founders of The Sandbox. On Nov. 3, the team behind the Ethereum-based metaverse announced on X it had made The Sandbox Map accessible to everyone, where “LAND” owners can publish their own experiences without needing to partake in an application process (which was previously required). THE METAVERSE IS NOW OPEN Starting today, LAND owners in The Sandbox can instantly publish experiences on the map! We’re accelerating user-generated content to…
The former FTX CEO is headed back to prison and awaits a potential second trial in March, while his lawyers pledged to “continue to vigorously fight the charges against him.” Sam Bankman-Fried is back in his federal prison cell in Brooklyn after being found guilty for all seven charges in his criminal trial. His lawyers however, say the fight isn’t yet over. Bankman-Fried’s attorney Mark Cohen said in a Nov. 2 statement that Bankman-Fried “maintains his innocence and will continue to vigorously fight the charges against him.” If Bankman-Fried follows…
Cardano (ADA) started a fresh increase above the $0.30 resistance. ADA is outperforming Bitcoin and might aim for a move toward the $0.35 resistance. ADA price regained strength for a move above the $0.265 and $0.280 levels against the US dollar. The price is trading above $0.30 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.3050 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair must stay above the $0.308 support to start a…
Terraform and Kwon also engaged in fraudulent conduct and made misleading statements, the SEC reiterated in the filing, re-emphasizing that they committed fraud by deceiving investors about the stability of UST, falsely crediting their algorithm for its price stabilization while secretly arranging third-party intervention, making their claims about the algorithm’s efficiency misleading and materially omitting crucial information. Terra collapsed in May last year, destroying billions of dollars in investor wealth. Source
Ethereum price corrected lower from the $1,875 zone against the US dollar. ETH retested the $1,780 zone and might soon attempt a fresh surge. Ethereum holds the key support at $1,780 and $1,750. The price is trading below $1,820 and the 100-hourly Simple Moving Average. There was a break above a steep bearish trend line with resistance near $1,795 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase toward the $1,850 and $1,875 resistance levels. Ethereum Price Revisits Uptrend Support Ethereum attempted…
The price of Solana’s (SOL) token has surged over the past week, rising nearly 35% to hit a price of $42.41. This latest rally brings Solana’s gains to over 322% year-to-date. According to a Nov. 2 analysis by Altcoin Daily, surge in Solana’s price can be attributed to various developments and factors. The ongoing Solana Breakpoint conference in Amsterdam is generating a buzz, bringing together influential figures from the Solana community and generating excitement about its future prospects. On another front, the bullish report from investment management firm VanEck suggests…
Bitcoin price failed to continue higher above $36,000. BTC corrected gains and might find strong buying interest near the $34,200 support zone. Bitcoin corrected gains from the $36,000 resistance zone. The price is trading near $34,700 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $34,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $34,000 support to start a fresh increase in the near term. Bitcoin Price Holds Support Bitcoin price…
Celestia, the modular blockchain that claims to be scalable without sacrificing security, launched in late October 2023 after weeks of anticipation from the broader crypto community. However, hours after launching and TIA listing on multiple exchanges, including OKX and KuCoin, the coin is struggling to match the initial enthusiasm. TIA Is Dropping, Blame The Celestia Airdrop? The coin is down 20% from recent highs and risks plunging some more. Reportedly, some airdrop recipients, chiefly Sybil groups, are liquidating the coin via mainstream exchanges. This is heaping more pressure on bulls. These…