News
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DeFi protocol Tranchess partners with Scroll and StakeStone to launch new yield product, stoneQUEEN
- April 18, 2024
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No CommentsTranchess, a pioneering decentralized protocol specializing in risk-adjusted yield solutions, has embarked on a groundbreaking collaboration with industry leaders StakeStone and Scroll. Together, they are proud to announce the launch of Queen Stone (stoneQUEEN), a revolutionary yield product poised to redefine the DeFi space. Driven by the unprecedented surge in demand for DeFi products and
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Bitcoin spot ETFs witness $58 million net outflow as GBTC continues to lead
- April 18, 2024
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SoSoValue’s recent analysis has highlighted major moves within the Bitcoin exchange-traded funds (ETFs) market, particularly the outflows recorded in Grayscale’s Bitcoin Trust (GBTC) and the overall net outflow of $58.03 million from Bitcoin spot ETFs. This data creates a vivid picture of the current state of affairs within the cryptocurrency investment landscape, offering valuable insights
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Tether partners with Fuze to enhance awareness of digital assets in Turkey and the Middle East
- April 17, 2024
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Tether and Fuze have formed a strategic partnership to promote increased understanding and adoption of digital assets across Turkey and the Middle East. Through their collaborative efforts, both entities seek to bridge the gap in knowledge and accessibility surrounding cryptocurrencies and blockchain technology, particularly within the context of cross-border payments and financial inclusion. With the signing of
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10x Research founder, who accurately forecasted Bitcoin’s pre-halving surge turns bearish
- April 17, 2024
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Markus Thielen, the visionary behind 10x Research, known for his prescient forecasts in the cryptocurrency space, has recently pivoted towards a more cautious stance on the market. Despite his past successes in predicting Bitcoin’s monumental rallies, Thielen now harbors bearish sentiments toward risky assets, including technology stocks and cryptocurrencies. This shift in perspective comes as
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Investor prudence dominates as digital asset investment products experience $126 million in outflows
- April 16, 2024
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Despite a backdrop of fluctuating market sentiments, digital asset investment products encountered minor outflows totaling $126 million over the past week, underscoring investor caution amidst the prevailing uncertainties in the cryptocurrency landscape. According to insights gleaned from a CoinShares report, while trading volumes exhibited a modest increase from $17 billion to $21 billion on a
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Bitcoin shows resilience amidst crypto market volatility
- April 16, 2024
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Despite recent turbulence in the broader cryptocurrency market, Bitcoin has exhibited remarkable resilience, according to insights provided by Matteo Greco, a research analyst at Fineqia International, a prominent digital asset investment firm. Greco’s analysis indicates that Bitcoin’s dominance metric, measuring its market cap relative to the total cryptocurrency market, has surged to 55.3%, marking its
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Uniswap Labs increases fee to 0.25% for mainnet and layer 2 transactions amid SEC scrutiny
- April 15, 2024
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Uniswap Labs, the pioneering force behind the revolutionary decentralized exchange protocol, Uniswap, has recently made waves in the cryptocurrency community with its decision to adjust trading fees on its platform. Effective April 10th, Uniswap Labs increased the fee charged to users for most swaps conducted through its interface from 0.15% to 0.25%, marking a notable
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Bitcoin’s recent drop leads to $256 million in liquidations as crypto analysts speculate further downturn
- April 15, 2024
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The recent downturn in Bitcoin’s price has sent shockwaves through the cryptocurrency market, with traders scrambling to adjust their positions in response to the significant losses incurred. The drop of over 7% in the past day has particularly impacted those holding long positions, resulting in a staggering $256 million in liquidations. Despite the backdrop of
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VeChain partners with UFC to tokenize fighter gloves
- April 14, 2024
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The partnership between VeChain and the Ultimate Fighting Championship (UFC) represents a groundbreaking collaboration, marking a significant milestone in the intersection of blockchain technology and sports entertainment. VeChain’s decision to tokenize fighter gloves, embedding them with near-field communication (NFC) chips on the VeChainThor network, has ignited a flurry of discussions within both the cryptocurrency and
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Bitcoin’s price regains while altcoins experience downturn amid price volatility
- April 14, 2024
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The recent surge in Bitcoin’s dominance within the cryptocurrency market has triggered a seismic shift in market dynamics, leaving altcoins struggling to maintain their footing amidst heightened price volatility. Bitcoin’s inadvertent climb to a multi-year high has underscored its resilience and dominance in the face of turbulent market conditions, amplifying downward pressure on alternative cryptocurrencies.