It seems that LIDO is offering a way to stake (if you have less than 32 ETH OFC) through MEW. I did some searching online and it seems that it may be a better idea to just buy it on a DEX. Such as UNI or One inch. I want the lowest risk possible way…
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I posted this in /r/Gemini already, but if anyone here is interested: Gemini updated their Gemini dollar page three days ago: Before (June 30th): Each GUSD corresponds to a U.S. dollar held by Gemini in accounts at U.S. FDIC-insured bank accounts and money market funds holding short-term U.S. treasury bonds and maintained at a custodian.…
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According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi “supercrash.”
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Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using the platform after having declared it could no longer provide […]
The ETH price stalls following a week of gains, leading analysts to call for a pullback in the short term followed by a rally into September when the mainnet Merge is predicted to occur.
On-chain data shows the Bitcoin NUPL metric is back to a positive value, suggesting the market as a whole is back in profit. Bitcoin NUPL Latest Trend Could Signal The Bottom Is Already In As pointed out by an analyst in a CryptoQuant post, the BTC NUPL breaking above the neutral market may be a sign that the bottom has set in. The “Net Unrealized Profit/Loss” (or “NUPL” in short) is an indicator that’s defined as the difference between the market and realized caps, divided by the market cap. In simpler terms, what this metric tells us is the profit/loss ratio among investors in the current Bitcoin market. The indicator works by looking at the on-chain history of each coin to see what price it was last moved at. If this selling price of any coin was less than the current BTC value, then that particular coin is holding some profit right now. Otherwise, it is in loss at the moment. Related Reading | Capitulation: Public Bitcoin Miners Dump 25% of BTC Holdings Last Month When the value of the NUPL is greater than zero, it means investors in the Bitcoin market as a whole are in profit. On the other hand, the indicator’s value being negative implies the overall market is currently in a state of loss. Now, here is a chart that shows the trend in the BTC NUPL over the last several years: The value of the metric seems to have surged up in recent days | Source: CryptoQuant As you can see in the above graph, the quant has marked the relevant zones of bear market trend for the Bitcoin NUPL. It looks like some time after plunging deep below zero, a bounce back to positive values has been a sign of bottom formation during the previous bear markets. Currently, the indicator is back to a positive value after observing a surge recently. This means that the investors as a whole are slightly in profit right now. If the past cycles are anything to go by, this trend could imply the bottom has already been in for this Bitcoin bear market. However, as is apparent in the chart, a break to green NUPL values doesn’t necessarily mean the end of the bear. It has only indicated that the crypto has already faced the worst. Related Reading | Tesla Ruins Bitcoin Rally? Musk’s Company Sold 75% Of Its BTC Past bear markets have lasted for much longer than the current one so it’s possible that if a similar pattern follows, the market may drop back into loss and move sideways for a while, before a proper bullish momentum builds up. BTC Price At the time of writing, Bitcoin’s price floats around $22.6k, up 10% in the past week. BTC has slumped down during the last 24 hours | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, CryptoQuant.com
It seems there is a full blown war between regulatory agencies SEC and CFTC over who gets to regulate what crypto. The CFTC commissioner just published a strong reply to the SEC's lawsuit filed today against the Coinbase employees for insider trading, where the SEC alleges many tokens are securities. In the CFTC response, they…
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Lodestar & The Merge with Gajinder Singh If you are considering Ethereum clients' to join Ethereum blockchain network, checkout the latest episode from KnowYourClient series to learn about the Consensus Layer client, Lodestar! https://youtu.be/aUg5ZFT59fA Summary Project and team introduction What is the Merge? Big value adds of the Merge? Lodestar – Production performant Merge ready…
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