Value Locked in DeFi Reaches $154B Despite 3% Dip
The decentralized finance (DeFi) sector’s total value locked (TVL) has climbed to $154.248 billion, with liquid staking giant Lido and lending platform Aave maintaining dominant positions. Lido, Aave Take Top Spots as DeFi TVL Surpasses $150B Data from defillama.com shows…
Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?
TL;DR Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals. Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July. Staking inflows hit 247,900 ETH, the highest…
Federal Reserve drops program that increased banks scrutiny of crypto
The Federal Reserve has announced that it will terminate a supervisory program that focused increased bank scrutiny on cryptocurrencies. Summary The Federal Reserve Board is terminating its novel activities supervision program. Fed says its reverting to its standard supervision process…
Ripple CTO Says XRP Ledger Has Been Battle-Tested To Power World’s Financial System
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple’s Chief Technology Officer (CTO), David JoelKatz Schwartz, has reaffirmed the XRP Ledger’s (XRPL) eagerness to serve as a core infrastructure for the world’s financial system. He…
Fed Rate-Cut Faith Wavers as Inflation Jitters Creep In
Since the U.S. Producer Price Index (PPI) report dropped, the odds of the Federal Reserve trimming the federal funds rate have taken a slight turn. September Fed Cut No Longer a Lock After PPI Shock The hotter-than-expected inflation data in…
Fed scraps oversight program for banks’ crypto, fintech activities
Key Takeaways The Federal Reserve discontinued its special supervision program for banks involved with crypto and fintech. Oversight of crypto and fintech activities will now be incorporated into the Fed’s regular supervision framework. Share this article The Federal Reserve said…
[LIVE] Why Did Crypto Crash Today? XRP and XLM Falling, ETH, SOL, ADA Skyrocketing
The crypto market is actually doing well today. Bitcoin is closer to its all-time high than $100k, while Ethereum is hovering above $4.5K. And some are asking, “Why did crypto crash today?” Although, there was some turbulence like hotter-than-expected US…
$640 Million Flows Into Ether ETFs as Bitcoin ETFs Notch 7th Day of Gains
Ether exchange-traded funds (ETFs) scored another $640 million in inflows, marking their eighth consecutive day in the green, while bitcoin ETFs logged a seventh straight day of gains with $231 million despite sharp outflows in several major funds. Record-breaking trading…
BTC Hits New ATH, ETH Pushes Higher as Trump-Putin Meeting Grabs Spotlight: Your Weekly Crypto Recap
It was another historic week for the cryptocurrency market as bitcoin, as well as a few altcoins, managed to chart fresh peaks. But let’s begin with the largest digital asset. Just last week, its price struggled to maintain above $117,000…
S&P 500 climbs after solid retail sales data
U.S. stocks opened largely positive on Friday, with the Dow Jones Industrial Average rising 250 points and the S&P 500 adding 0.3% as Wall Street targets a winning week. Summary Stocks traded higher on Friday as S&P 500 and Dow…
