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Aave governance discussions have been heating up recently. Two separate groups of advisors have left, and the protocol has faced criticism regarding a controversial rewards system designed to punish those who use competing platforms.  Widely regarded as one of decentralized finance’s (DeFi) most mature governance systems, (although the bar isn’t particularly high) Aave holds over $8 billion of assets, but it’s not without its share of drama. Aave is governed as a decentralized autonomous organisation ( DAO ) in which AAVE token holders vote on any changes. Although one token equates to one vote , influential parties within DAOs often emerge, be it due to the concentration of governance token holdings (e.g. team members or early investors) or as service providers paid to advise on specific topics. Uniswap’s new trading fee neglects UNI holders Read more: Curve exploit shows DeFi still far from decentralized in 2023 Gauntlet calls it quits On Wednesday, Aave’s longtime ris...

As the cryptocurrency sector evolves, the animosities between its major participants are sometimes inevitable, and more recently, they have erupted between the founder of crypto exchange BitMEX, Arthur Hayes, and the founder of blockchain Cardano (ADA), Charles Hoskinson. Specifically, Hayes expressed some exceptionally harsh criticism of the crypto network, referring to Cardano as “dog sh*t” and calling out Hoskinson to “educate” him on the usability of the platform for building popular decentralized apps (dApps) in an X post on February 21.  For all you $ADA believers, what dAPP on this list originally launched on Cardano, or has a Cardano offering that is heavily used? From my very limited knowledge, looks like none of them do. That's why $ADA is dog shit. @IOHK_Charles pls educate me. Yachtzee pic.twitter.com/riQORI6Ipy — Arthur Hayes (@CryptoHayes) February 21, 2024 Hayes vs. Hoskinson Earlier, Hayes gave an interview to Coin Bureau , in which he also had s...

Arthur Hayes criticizes Cardano calling it “dog shit” for lacking native DeFi dApps on its blockchain. Cardano community member, Dan Gambardello defends Cardano’s unique liquid staking system, emphasizing flexibility and efficiency. Gambardello highlights Cardano’s Ouroboros protocol, which secures liquid staking without locking coins, appealing to long-term investors. A Twitter (X) conversation between Arthur Hayes, co-founder of BitMEX, and Dan Gambardello, a Cardano community member, sparked a debate about the state of the Cardano ecosystem and its decentralized applications (dApps). Hayes sparked the conversation with a critical tweet about the absence of established DeFi dApps built on Cardano’s blockchain.  It’s not about “believing” in Cardano. But I’m definitely a fan of it. I'm not sure if you're aware, but Cardano has a native liquid staking system built into its Ouroboros protocol. This means that Cardano user...

VanEck’s BTC ETF, HODL, witnessed a 14-fold increase in trading volume on Tuesday. The surge shocked Eric Balchunas, a prominent analyst at Bloomberg Intelligence.  WisdomTree’s BTC ETF, BTCW, also experienced a 12-fold surge in trading volume. The trading volume of the spot Bitcoin exchange-traded fund (ETF) offered by leading asset management firm VanEck (HODL), exploded on Tuesday, shocking senior Bloomberg ETF analyst, Eric Balchunas.  As pointed out by Balchunas in a post on social media platform X, VanEck’s spot BTC ETF witnessed close to $250 million in volume by midday in New York. The analyst was shocked as this volume was reportedly 14 times the ETF’s daily average.  It is important to note that the spike in trading volume was unlikely to be caused by one investor but around 32,000 individual trades in one day, which is 60 times the ETF’s average, noted Balchunas. A puzzled Balchunas was unable to explain the sudden surge in trading vol...

The value of ETH has surpassed the $3,000 level for the first time since April 2022, marking a noticeable milestone for Ethereum. Yet, as the token reached heights that it had not seen in two years, just why has it propelled so highly? Indeed, the asset has been driven by several important developments. Currently, ETH is trading at $2,920 and up almost 1% over the last 24 hours, according to CoinMarketCap. However, Ethereum had briefly surpassed the key $3K level earlier today during a noticeable surge. Moreover, the overall crypto market appears to be up, as Bitcoin has once again surpassed $52,000 as well. JUST IN: Ethereum surpasses $3,000 — Watcher.Guru (@WatcherGuru) February 20, 2024 Also Read: Ethereum Surges Towards $3,000: Can ETH Hit $5,000 Next? Ethereum: Why is ETH Up Today? Since the start of 2024, the digital asset market has seen some very impressive performances from a host of cryptocurrencies. Leading the charge, as always, has been Bitcoin. Indeed...

With the bullish momentum in the larger part of the cryptocurrency sector starting to slow down, Dogecoin (DOGE) is following the general sentiment, but the past several weeks have recorded massive transaction activity for the world-famous dog-themed crypto asset and its network. Specifically, since January 30 and throughout the month of February, the DOGE blockchain has been recording more than 1 million transactions per day, according to the data shared by the decentralized finance (DeFi) market intelligence platform IntoTheBlock in an X post on February 19. Indeed, as the chart demonstrates, transactions in the DOGE ecosystem witnessed a significant uptick that started on January 28 and picked up the pace on January 30, nearing 2 million daily transactions until mid-February, when it dropped below 1.5 million and then recovered again towards February 19. Picked for you XRP set to soar as expert identifies '2024 Run' to $2 20 hours ago 3 cryptocu...

What are the trending cryptos on Avalanche today? Surprisingly, it’s been an eventful weekend in the crypto market, as the market cap recorded an increase of over 2%. Besides, the trading volume also decreased significantly, which deviates from the norms. Following its recent pullback, Bitcoin’s market dominance also approached the 50% mark. Trending Cryptocurrency Tokens on Avalanche Chain The Avalanche chain is not left out of the weekend trends as investors continue to flock to assets in the ecosystem despite the imminent token release. This article offers a quick review of the trends in the ecosystem and a summary of a new cryptocurrency to watch. Scotty The AI presale went live recently, and the performance has been remarkable. Investors can look at the details below to glean insight into the asset’s prospect. 1. GameSwift (GSWIFT) GameSwift is a modular blockchain network featuring gaming-optimized Layer 1 and zkEVM roll-ups tailored for specific games. In ad...

Rich Dad Poor Dad author Robert Kiyosaki predicts Bitcoin (BTC) price could hit $100,000 in June. Altcoins are also predicted to rally in coming months. Bitbot (BITBOT) is a new Telegram trading bot that is attracting huge interest in its presale and could be a great investment opportunity in 2024. Rich Dad Poor Dad author Robert Kiyosaki believes Bitcoin could rally to a new all-time high by June. Bitcoin price is poised above $52,000 and up nearly 9% this past week. Is it ready for an explosive run before and just after the halving? Here’s why investors are also eyeing Bitbot (BITBOT). Bitcoin to $100k, Robert Kiyosaki predicts Bitcoin could rally to $100k by June this year, according to Robert Kiyosaki, author of the financial bestseller “Rich Dad Poor Dad” book. Kiyosaki, who has argued against trusting the US central bank and the dollar, predicted Bitcoin’s potential short term performance on X. In a recent post , Kiyosaki also...

The MACD and Aroon indicator revealed a bearish bias for XRP. XRP’s price might decline to $0.48 if bulls fail to defend the $0.52 support.  The Supertrend on the daily timeframe suggested a sell signal for the token. Ripple (XRP) price fell to the $0.55 support as bulls failed to push the price higher. According to CoinMarketCap, the decrease meant that XRP has lost 10.54% of its value on a Year-To-Date (YTD) basis. From the 4-hour XRP/USD chart, a short-term bullish move to $0.60 might be invalidated. One of the reasons for this prediction could be linked to the resistance at $0.58.  XRP/USD 4-Hour Analysis Bulls had attempted to push the price of XRP higher. But bears gained momentum, highlighting how bullish had lost control of the market. Under a strong bullish influence, XRP might return to $0.58. But this would require an increase in buying pressure which the token currently lacked. But a highly bearish situation might send XRP dow...

Feb 17, 2024 at 08:43 // Price Author Coin Idol The price of the Ethereum coin is fluctuating below the resistance level of $2,800. Price Analysis by Coinidol.com. Long-term analysis of the Ethereum price: bullish The price of Ethereum (ETH) has surpassed the previous high of $2,715 and reached a high of $2,858 on February 15, 2024. In the last 48 hours, the largest altcoin has experienced a slight decline. The bears are rejecting the digital asset's continued upward trend. The value of the altcoin currently stands at $2,784.  Ether is expected to contin...

Michael Saylor says that Bitcoin is helping the conversion of capital from the analog world to the digital world. He noted Bitcoin’s resilience to external factors such as weather, war, and supply chain disruptions. Bitcoin whales have strategically purchased more than 100,000 BTC over the past ten days. In a recent interview with Fox Business, MicroStrategy founder and Bitcoin advocate Michael Saylor delved into the concept of money as economic energy and the transformative power of Bitcoin on the global financial landscape. The interviewer referred to one of Saylor’s previous podcasts, seeking clarification on his assertion that “Money is economic energy.” Saylor responded, stating that this is a pivotal question of our times, one he spent most of his adult life without fully understanding. He explained that economic energy constitutes capital and wealth, currently valued at around $900 trillion, tied up in real estate, stoc...

Function X partners with Axelar to bring cross-chain interoperability to f(x)Core blockchain. With this integration, there are direct routes between both chains without going through the Cosmos Hub. Axelar provides seamless integration across more than 50 blockchain networks, delivering decentralized security and unrestricted programmability. This platform has garnered acclaim from major corporations like Microsoft, establishing itself as a vital resource for integrating off-chain infrastructures with on-chain networks. Axelar’s innovative technologies have been instrumental in the advancement of composable USDC, a collaboration that merges Axelar’s General message-passing technology with Circle’s CCTP protocol. Integration Functions The collaboration between f(x)Core and Axelar marks a crucial achievement for Function X, enabling users to access a wider range of on-chain assets and liquidity. This integration not only streamlines cross-chain operations but also elevat...

Mid-cap cryptocurrencies with solid fundamentals may offer enticing risk-reward ratios in the dynamic crypto world. For this article, Finbold selected three assets that could hit a $50 billion market cap by 2024. Yet, it’s vital to acknowledge that these listed cryptocurrencies are experimental or must fulfill certain criteria for capitalization expansion. Some of them may not see this value increase fully reflected in price due to relevant supply inflation. While compiling this list, we assessed the projects’ core features, such as decentralization, security, practical use, and how they stack up against larger coins. Previously, Finbold reported on 2 low-cap cryptocurrencies to reach a $1 billion market cap in 2024 and 3 cryptocurrencies to reach a $10 billion market cap in 2024. Picked for you Buy signal for 2 oversold cryptocurrencies this week 3 hours ago Bullish? Bitcoin on exchanges drops to lowest in 6 years 5 hours ago Massive Ethereum whal...

Cardano’s Q4 saw a surge in TVL and stablecoin value locked, marking substantial growth. DeFi projects like Minswap and Indigo drove ecosystem activity, showcasing Cardano’s evolving landscape. Partner chains like Midnight and governance initiatives through Project Catalyst fostered community involvement. A report from Messari show Cardano’s ecosystem has witnessed significant growth in the last quarter, marked by a surge in total value locked (TVL) and stablecoin value locked, alongside advancements in DeFi projects and technologies. As the network evolves, let’s delve into the recent developments and the factors driving Cardano’s flourishing ecosystem. In the DeFi ecosystem Cardano’s TVL skyrocketed, surging by 166% quarter-on-quarter (QoQ) to reach a new all-time high. Notably the network’s stablecoin value lock also saw a substantial increase of 37% QoQ. This surge in liquidity increased Cardano’s TVL ranking...

Sushi, a multi-chain DEX platform, has announced Susa, a new perpetuals exchange that it says will redefine the derivatives exchange space. The new platform is built with the technology of Ethereum scaling solution Layer N, Sushi said in an announcement. Sushi’s new perpetuals exchange Susa, the Sushi team says, is a “natural evolution of SushiSwap ” as the DEX grows into a DeFi super ecosystem. It aims at delivering high-speed transactions, targeting 100,000 TPS with under 1 millisecond of latency.  The perpetuals exchange will also feature deeper liquidity and greater on-chain capital efficiency. Tapping into Layer N’s Nord Engine and achieving these features will see Susa rival centralized exchanges. Its goal is to bring the centralized finance (CeFi) experience to the decentralized finance (DeFi) perpetual trading market, Sushi noted in the blog post. “ Launching our perpetual DEX aims to capture the largely untappe...