In brief: Approximately 62,000 BTC options expire this Friday, 28th August. The expiration of Bitcoin futures and options is known to have a significant impact on the price of BTC. A possible scenario is Bitcoin testing $11,200 or even $11,000 before or after Friday. The last week of every Bitcoin...
In summary: The team at ChainLink has launched a virtual hackathon. It will happen between September 7th and the 27th this year. Developers are invited to build smart contract applications in DeFi, NFT, Gaming and more Over $40k in prizes is up for grabs. The team at ChainLink (LINK) has...
In summary: Yam Finance successfully migrated to YAMv2 on August 22nd at 4:20 pm UTC. The move comes after a bug was discovered in the first iteration of the DeFi platform. The discovery of a rebasing bug had caused a crypto market sell-off back in mid-August. YAMv2 will provide a...
In brief: Uniswap has edged out Tether (USDT) in terms of ETH gas consumption. In the last 30 days, traders on Uniswap V2 have paid $6.99M in ETH fees. The popularity of DeFi is one reason Uniswap is becoming popular. A quick glance at ETHGasStation.info reveals that Uniswap has edged...
In brief: OMG’s price seems to be running out of gas in the crypto markets. Its price surge came as a result of Tether announcing it was issuing USDT on the OMG network. As a result, OMG shot to an all-time high value of $9.80 and a few cents shy...
In brief: On the 21st of August, LINK hit a new all-time high value in terms of daily active addresses. This was on the same day ChainLink dipped below $13. The high active addresses could point to the beginning of a new wave of selling as LINK continues to correct. ...
In summary: Friday, August 21st, saw LINK trade as low as $12.85 – Binance rate. This was a 36% drop from its all-time high value of $20.30. On the same day, Barstool Sports’ Dave Portnoy revealed he had sold his LINK bag. ChainLink (LINK) has since rebounded a day later...
In summary: There is only one week left in the month of August. $11,600 and $11,200 are two support levels to watch for the remainder of the month. A monthly close above any of these two levels could mean a continuation of Bitcoin’s bullish narrative. It is Saturday once again...
In summary: Tron’s JustSwap was launched on the 18th of August. The majority of JustSwap’s trade volume was in the first 24hrs by handling 33,169 transactions. However, the JustSwap team discovered fake tokens on the platform forcing them to whitelist projects. In 5 days, JustSwap has handled over $20 Million...
In brief: According to Timothy Peterson, Ethereum could lose up to 50% of its value in the next 12 months. He explains that ETH’s long term growth rate only supports an annual appreciation of 30%. Ethereum had a hard time keeping up with Bitcoin as BTC pumped above $12k. ETH’s...
In summary: Friday’s crypto market opened in the red with Bitcoin dipping to as low as $11,600. Ethereum also dipped to the $400 support area with LINK continuing on its slow correction. OMG and ZRX are two digital assets in the green. OMG’s rise is due to Tether issuing USDT...
In summary: Yearn Finance (YFI) has eclipsed Bitcoin’s value and posted a new all-time high of $16,700. The popularity of DeFi is one reason YFI is gaining in the market. YFI has a very low circulating supply of 29,962 making it very responsive to demand. YFI is the sole governance...
