Analytics firm OpenCover’s report revealed that DeFi insurance companies paid out $34.4 million in claims in 2022. As per a previous LianAn Technology report, DeFi exploits across blockchains worldwide totaled $3.64 billion. Decentralized finance (DeFi) analytics firm OpenCover released a report on 22 March, revealing that DeFi insurance companies paid out $34.4 million in claims
Bitcoin Analysis
Giant rabbits wearing trendy outfits situated alongside cartoon characters with rainbows flowing out of their mouths lined the streets of South by Southwest (SXSW) last year. This is because two nonfungible token (NFT) projects — Doodles and Fluf World — dominated SXSW 2022. Yet these projects were nowhere to be found at SXSW 2023, demonstrating
On March 16th, global crypto exchange LBank launched the second volume of the online AMA event “Exploring New Narratives for 2023” through its official Twitter account. The first edition in February pulled in over 40,000 listeners. This article compiles what industry experts had to say about the future of crypto and blockchain. 1. Rainlands, AMA
The latest filing indicates FTX’s commitment towards paying its creditors. The filing spurred FTT bulls since 14 March. FTX’s native token, FTT, beat the odds earlier in 2023 when it posted a rally in January. This was an unexpected outcome, considering the woes that the exchange suffered. At press time, FTT was attempting another rally.
Polkadot crowns the list of top blockchain protocols by development activity. DOT delivers a bullish week but is already exhibiting signs of a slowdown. Polkadot’s native cryptocurrency DOT just concluded a bullish week during which it trailed the top cryptocurrencies. Despite that, its native network has not had much going for it this month. How
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Lower timeframe charts were bullish, while the daily chart was neutral at press time. Funding rates were positive alongside surging open interest rates. Before getting a steady ground, Polygon [MATIC] depreciated 40%, from $1.57
Bitcoin rode into a crucial bullish zone as the MVRV ratio crossed the 365-day MA Sentiment returned to neutral, despite an abundance of buying power Bitcoin’s [BTC] recent volatility has done little to quash the signs of a bullish market. In fact, according to CryptoQuant’s market turbulence analysis, the coin’s Market Value to Realized Value
CEXs registered a massive surge in usage and balance after USDC’s de-peg Sustained interest in various CEX tokens also recorded a hike Despite the adverse effects of the USDC situation on various aspects of the cryptocurrency sector, centralized exchanges were able to reap significant gains during this time. Realistic or not, here’s BNB market cap
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The market structure was bullish but the buying volume was not encouraging. Solana was trading at a critical resistance zone and could face rejection. Over the past two days, Solana appeared to reverse the bearish
Bitcoin Cash ranks higher in decentralization than Litecoin and Ethereum Classic. BCH whales have been reaccumulating during the recent crash. Bitcoin Cash [BCH] has been overshadowed by its more popular counterparts for the major part. Nevertheless, it has managed to retain a sizable following, and it is perhaps the most underrated cryptocurrency as far as
Ordinals inscriptions have surpassed 411,000. Its contribution to transaction fees over the past week has also exceeded 6%. Ordinals and other Layer 2 solutions have made the Bitcoin network no longer only used for BTC transactions. Even though Ordinals has been met with mixed reactions from the Bitcoin community, its growing popularity and potential effects
Optimism announced that voting for its Retroactive Public Goods Financing (RetroPGF) was ongoing, at press time. Daily active addresses of OP increased but market indicators supported the bears. Optimism [OP] has been witnessing a decline in key metrics lately, which is concerning for the network. As per Dune, Optimism’s number of daily transactions has been
The transfer of some BTCs by the DOJ seemed to have caused the price of BTC to drop. Despite the mass movement from the DOJ, the Netflow has not reflected irregular activities. Bitcoin [BTC] has been struggling to get past the barrier it has hit lately. Recent action taken by a United States government department
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion MKR’s retracement is approaching a crucial demand zone A retest of the demand zone could offer new buying opportunities Maker [MKR], at press time, was one of the market’s biggest weekly gainers, despite the
User activity on STEPN has dropped significantly. GMT’s price continues to decline as investors reduce accumulation. As part of its New Horizon initiative, popular play-to-earn gaming platform STEPN conducted an airdrop for its Genesis holders in February. However, as interest in the blockchain-based game wanes, key growth metrics continue to decline. This, despite the token
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Litecoin’s fall beneath $90 could embolden the bears. The market structure on 4-hour as well as the daily timeframes favored the sellers. Litecoin fell beneath a range it traded within since early February. In
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