Day: September 5, 2024

Euler Returns With ‘V2’ After $200M+ Exploit in 2023

Euler, a DeFi lending protocol that suffered a $200 million-plus exploit in 2023, says it has reemerged with the launch of Euler v2, “a meta-lending protocol that enables unlimited use cases for on-chain credit.” According to the team, “the protocol will allow builders to create highly customizable borrowing and lending vaults that can be permissioned or permissionless. As decentralized finance continues to gain traction and more users seek out secure and efficient ways to manage credit on-chain, Euler v2 will play a pivotal role in scaling the crypto lending market,…

BTC Erases Gains From Wednesday’s Brief Rally

Bitcoin fell below $57,000, erasing gains from Wednesday’s brief rally above $58,000. BTC was trading around $56,800 at the time of writing, around 0.3% higher than 24 hours ago. The broader digital asset market, as measured by the CoinDesk 20 Index, added about 1%, with SOL and DOGE leading the gains. Bitcoin peaked above $65,000 on Aug. 25 and has been falling ever since, with the downtrend characterized by brief, shallow bounces, a sign of a persistent “sell-on-rise” mentality. This likely stems from increasing U.S. recession risks, which lead to…

Analysts Predict Start Of Crypto’s First Ever Secular Bear Market

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Este artículo también está disponible en español. A new narrative is emerging among seasoned crypto analysts who are now forecasting the advent of the industry’s first ever secular bear market. This prediction suggests a sweeping transformation could be imminent, characterized by a prolonged downturn lasting potentially for years, diverging from the relatively short-term cycles typically associated with the crypto market. Crypto’s First Ever Secular Bear Market The conversation around this shift was sparked by a query to CrediBULL Crypto (@CredibleCrypto), a renowned crypto analyst with 417,000 followers on X, who…

Bitfarms questions Riot’s proposed board nominees amid takeover attempt

Bitfarms has questioned the qualifications of Riot Platforms’ proposed board nominees, accusing Riot of using governance reforms as a cover for a takeover attempt. Canadian Bitcoin (BTC) miner Bitfarms has pushed back against its rival Riot Platforms‘ proposed board changes, accusing the company of attempting a takeover at a discounted price. In a Sept. 4 press release, the Toronto-headquartered company challenged Riot Platforms’ efforts to overhaul the company’s board, framing the move as part of a broader attempt to “acquire Bitfarms at a discounted price for the benefit of Riot…

Why Aave (AAVE) Sharks Have Migrated to A New Crypto Coin That Has Raised Almost $2M

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Este artículo también está disponible en español. In the dynamic world of cryptocurrencies, the movement of “sharks”—large-scale investors—often signals significant market trends. Recently, Aave (AAVE) sharks have turned their attention to a new and promising meme coin Mpeppe, that has already raised nearly $2 million in its ongoing presale. This shift has sparked interest and speculation across the crypto community, as investors and analysts alike try to understand the underlying reasons behind this migration. Aave (AAVE): Decentralized Finance at The Core Aave (AAVE) has long been a cornerstone of the…

Tron Holders Become Sceptical and Hedge Towards Mpeppe Due to 150% Profits

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Este artículo también está disponible en español. As September 2024 unfolds, the cryptocurrency market continues to experience volatility, with Tron (TRX) holders increasingly skeptical about the near-term prospects of their investments. Amidst the uncertainty, many are hedging their bets by diversifying into newer, high-potential assets such as Mpeppe (MPEPE), a meme coin that has recently delivered impressive 150% profits in its presale stages. Let’s explore how Tron is performing, why its holders are turning towards Mpeppe, and what this means for the broader market. Tron (TRX): Navigating Through Market Turbulence…

Render (RNDR) Split Crypto Purse With Presale Mpeppe After Suffering 19.82% Losses

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Este artículo también está disponible en español. The volatile landscape of cryptocurrency has once again shown its unpredictable nature, this time impacting both Render (RNDR) and Mpeppe (MPEPE). As the market endured a wave of turbulence, the AI-driven Render token faced a sharp decline, suffering a staggering 19.82% loss. Meanwhile, Mpeppe, a rising star in the meme coin world, continues to attract significant investment, with its presale nearing completion at a rapid pace. Let’s dive into the details of how these two distinct cryptocurrencies are faring in such a tumultuous…

Polygon Completes MATIC to POL Upgrade

Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade, effective from September 4, 2024, transitions POL to be the native gas and staking token for the Polygon proof-of-stake network. Users holding MATIC on Ethereum can seamlessly migrate to POL through the Polygon […] Source CryptoX Portal