Month: May 2024

Defi TVL reaches its 2-year-high amid marketwide bull run

The total decentralized finance (defi) total value locked (TVL) is currently witnessing an impressive surge as the broader cryptocurrency market gains bullish momentum. According to data provided by Defi Llama, the total defi TVL increased by 9.1% in the past 24 hours and is standing at $105.63 billion at the time of writing. Notably, this is the first time since May 11, 2022, that the defi market value surpasses the $100 billion mark. Defi TVL | Source: Defi Llama With the current rally, 51 of the total 52 defi protocols…

Social Buzz Points To $0.70

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The value of Ripple’s XRP token has fluctuated dramatically in recent months. Talks about the coin are thriving and have reached their highest point since early April, despite an 8% price decline over the last 60 days. This raises the question of whether the recent internet talk will help XRP see a price spike or if it is just meaningless chatter that will eventually fade. Related Reading Social Media Frenzy The social media landscape surrounding XRP is abuzz. Santiment data reveals a surge in XRP’s social dominance, meaning conversations about…

Bitcoin (BTC) Surges Over $71K as Ether (ETH) ETF Hopes Lead to $260M in Short Liquidations

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NYAG Takes Victory Lap as Court Approves Genesis Settlement

“This historic settlement is a major step toward ensuring the victims who invested in Genesis have a semblance of justice,” Attorney General Letitia James said in a statement. “Once again, we see the real-world consequences and detrimental losses that can happen because of a lack of oversight and regulation within the cryptocurrency industry.” Source

Blazing Speed To Fuel Price Surge?

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Solana (SOL), the self-proclaimed “world’s fastest blockchain,” has been grabbing headlines for its blazing transaction speeds and surging token price. But is it all sunshine and rainbows in Solana land, or are there cracks in the seemingly smooth road? Related Reading Solana Takes The TPS Crown According to CoinGecko data, Solana blew past competitors like Polygon and Ethereum in transactions per second (TPS). This translates to faster transaction processing times, a key factor for scalability and mass adoption in the blockchain world. Source: Solana Explorer However, a closer look reveals…

Solana Price Marches Toward $200, Why SOL Turned Attractive On Dips

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Solana started a fresh increase above the $175 resistance. SOL price is up nearly 10% and might continue to rise if it clears the $188 resistance. SOL price jumped higher and tested the $188 resistance against the US Dollar. The price is now trading above $180 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $175 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $188 resistance unless it fails to stay above $175.…

David Bailey, CEO of Bitcoin Inc., Reflects on His Company’s Transformational Pivot to Bitcoin and More

David Bailey, CEO of Bitcoin Inc., took time out of running the Bitcoin Asia Conference in Hong Kong to sit down with Cryptox.trade’s COO, Jason Sheman. The conversation delved into the lessons learned from past mistakes, the strategic pivot to Bitcoin, the Bitcoin Conference, Bitcoin Layer twos, and stablecoins on Bitcoin. Bitcoin Asia Conference Highlights: […] Source CryptoX Portal