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The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.
Launch of the token comes alongside protocol launch and prior release of the wallet.
Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.
Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.
BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.
The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors.
The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.
The latest price moves in crypto markets in context for July 21, 2023.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
- 06:17MetaMask Co-Founder: Team Still Considering Launching Native TokenAccording to Deep Tide TechFlow, on May 15, The Block reported that MetaMask co-founder Dan Finlay stated in an interview that the crypto wallet is still considering launching a native token. Finlay emphasized that if the decision to issue a token is made, users will be able to find relevant links directly within the wallet app and on the official website. MetaMask's parent company ConsenSys had previously proposed issuing tokens for its businesses to promote "progressive decentralization." Since 2021, the project team has discussed plans to issue a token codenamed MASK. ConsenSys CEO Joseph Lubin has stated that the token will be used primarily for fundraising rather than governance, in conjunction with the establishment of a decentralized autonomous organization (DAO).
- 06:14Loopscale: Law Enforcement Assists in Identifying Culprits Behind Vulnerability Attack, Investigation ConcludedThe modular lending protocol Loopscale has released the final update on the hacking incident on platform X, stating that with the assistance of law enforcement, the perpetrator behind the April 26 vulnerability attack has been identified. They are currently sharing relevant information with other protocol teams to help prevent similar incidents and support broader ecosystem security. The related investigation has now concluded, and the focus will shift back to building and strengthening security measures. All functions will soon be restored, setting a new standard for on-chain lending.
- 06:08US Stablecoin Bill May Pass on May 26, Provisions Targeting Trump Family RemovedThe U.S. Senate plans to pass the "Guidance and Establishment of National Innovation Stablecoin Act" (GENIUS Act) as early as May 26, which aims to establish a federal regulatory framework for stablecoins. Previously, Democrats blocked its progress on May 8 due to concerns that the bill might benefit former President Trump and his family from crypto projects. To reach a consensus, the bill has removed the clauses related to the Trump family.