Aave is trading near a key resistance level after steady gains in recent weeks as on-chain metrics surge. At press time, Aave (AAVE) is priced at $329, up 6% over the past 24 hours and 18% over the last month. Despite this momentum, the token still trades about 50% below its all-time high of $661…
Cantor Fitzgerald is reportedly in talks with Adam Back co-founded blockchain company Blockstream, to acquire over $3 billion in Bitcoin through a SPAC deal. According to multiple news reports citing unnamed sources, Blockstream is expected to contribute up to 30,000 Bitcoin to Cantor Equity Partners 1, a special purpose acquisition company (SPAC) that raised $200…
Aave has surpassed $50 billion in crypto deposits, becoming the first DeFi protocol to rival mid-sized U.S. banks in scale. When it comes to finance, banks have long held the top spots for managing people’s money. Yet Aave, a decentralized finance protocol, has quietly crossed a major milestone that even some banks would envy. The…
Core will automatically reward developers who contribute to activity on its platform, from stablecoins to DeFi projects. DeFi projects and developers are a core part of any ecosystem, but so far, they have not reaped much of the rewards. For this reason, on Tuesday, June 15, Core Foundation announced the launch of Rev+, a protocol-level…
1INCH price has rallied to $0.39 after breaking extended consolidation, boosted by the $700B milestone in DEX volume. However, bearish RSI divergence raises risk of breaking the established uptrend structure if the price falls below the $0.30 support. 1inch (1INCH) price has recently staged a parabolic rally, peaking at $0.39, after breaking out from a long-standing tight…
Grvt is launching a platform that expands access to trading strategies once reserved for a small number of elite investors. Thanks to recent regulatory shifts, DeFi and traditional finance are increasingly converging. On Tuesday, Grvt launched Grvt Strategies, a peer-to-peer on-chain investment platform. According to the firm, the platform aims to open up sophisticated investment…
Algorand has rallied over 57% in the last 7 days before hitting a daily high of $0.29 on Monday, its highest level since March 4. According to data from crypto.news, Algorand (ALGO) price hit a 5-month high of $0.289 on July 14. At press time it trading slightly lower at $0.27, still holding gains of…
Bonk has shown strong performance in July, with analysts suggesting the memecoin still has fuel left in the tank. According to data from crypto.news, Bonk (BONK) has rallied 100% over the past 14 days, hitting a 5-month high of $0.000028 last check Tuesday, July 15. The meme coin had previously been in a downtrend that…
ProShares has been approved to list its Ultra XRP ETF on NYSE Arca, with trading set to begin by the end of this week. Per a July 14 filing with the Securities and Exchange Commission, NYSE Arca has certified the listing and registration of the ProShares Ultra XRP ETF under the ticker UXRP. As a…
XLM price has surged over 85% in a week and could push toward $1 and $1.50 if bullish momentum continues. Stellar (XLM) price exploded over 80% in the past week, breaking out of the descending channel that had constrained the price action since December last year. The breakout above the channel’s upper trendline occurred around…
