Quick take: The number of Aave (AAVE) whales has increased from 266 to 327 in the past month This is a 23% increment in the stated time period Aave (AAVE) has been on a massive bullish climb since the year began AAVE opened 2021 at roughly $90 and has just...
Marc Zeller’s proposal to offboard Binance USD (BUSD) stablecoin from Aava’s V2 lending and borrowing market on Ethereum garnered massive support from the Aave community. The action plan aims to “reduce the amount of liquidity in BUSD” and incentivize users to leverage other stablecoin tokens on Aave. Zeller’s submitted the...
Summary: The Aave team has proposed to the project’s DAO a plan to introduce a native decentralized, collateralized-backed stablecoin known as GHO that will be pegged to the US Dollar. If the community approves, users will mint GHO against their supplied collaterals. GHO would make stablecoin borrowing on the Aave...
Summary: Aave community member Marc Zeller proposed halting the BUSD lending market on Ethereum. Zeller argued that the Paxos-issued stablecoin was bound to decline in supply and inability to mint new tokens would affect peg arbitrage opportunities. The proposal was submitted shortly after U.S. regulators ordered Paxos to halt minting...
AI-related crypto tokens including Fetch.ai and SingularityNET have gained more than 23% overnight. The rising popularity of ChatGPT has boosted the AI narrative among crypto traders.
The current AIP-41 voting poll suggests that the majority of Apecoin holders do not want the token to migrate to another chain. At press time, the AIP-41 proposal has attracted nearly 66% that are in favor of Apecoin sticking with the Ethereum blockchain. It seems that the majority of ApeCoin...
Summary: Algorand’s CEO, Steven Kokinos, has left the blockchain project to pursue other interests. Mr. Kokinos will stay on at Algorand as a senior advisor until mid-2023. Algorand’s current COO, Sean Ford, will serve as interim CEO effective today, July 27th. Algorand’s (ALGO) CEO, Steven Kokinos, has left the blockchain...
Quick take: Total accounts on the Algorand network has increased by 35.5% in 2022 Accounts on Algorand currently stand at 23.548 million which is a 6.174 million increment from January Increment in Algorand accounts can be attributed to the most recent upgrade focused on interoperability ALGO/USDT is in a downtrend...
Alt-coins needs to break away from the influence of Bitcoin to signal alt-season Bitcoin has probably completed the first wave of a supercycle similar to 2011 which did not include an alt season Alt season might not happen because everyone is waiting for it Popular Bitcoin and crypto analyst, MagicPoopCannon,...
Summary: The altcoin market cap broke past its 2017 highs in early February to post a high at $684B It retested the 2017 highs as support in late February before taking off again and is currently at $684B According to Rekt Capital, the altcoin market cap could be gearing up...
Quick take: News of the SEC suing Ripple caused the altcoin market cap to drop by $31 Billion Chainlink (LINK) and Cardano (ADA) were most affected amongst the top coins Bitcoin dominance is knocking at 70% due to the sell-off as a result of the Ripple lawsuit Investors moving capital...
Altcoins Suffer in Latest Bitcoin Crash Welp, there you have it, folks. Altcoins are suffering once again. While the crypto asset class managed to outpace the market leader for a short period of time, resulting in Bitcoin dominance falling from 68.8% to 67.6% on CoinMarketCap, BTC has managed to take...
