Author: News Room
1inch Welcomes Lumia to its Liquidity Ecosystem Multichain liquidity aggregator 1inch has expanded its liquidity network by integrating Lumia, a move aimed at enriching on-chain liquidity and optimizing pricing for users. The integration, announced on March 18, marks a significant step forward for 1inch in broadening its liquidity offerings. Lumia: A Gateway to Centralized Exchange Liquidity Lumia’s integration with 1inch brings centralized exchange liquidity from platforms like Binance, OKX, and KuCoin to the decentralized realm. This extension of liquidity bridges the gap between centralized and decentralized finance, promising users access to competitive pricing on DeFi platforms. Empowering DeFi Users with…
Velar, a DeFi liquidity protocol built on Bitcoin, announced today the mainnet launch of Dharma, its new Automated Market Maker (AMM) inspired by Uniswap V2. Dharma is designed to broaden the DeFi functionalities available on Bitcoin, potentially unlocking the network’s trillion-dollar potential. LIFTOFF! 🚀 Velar’s AMM is now live with STX<>aeUSDC & STX<>aBTC trading pairs, unlocking decentralized trading on Bitcoin! This changes EVERYTHING! Join the revolution as we reshape #DeFi, making trading seamless & accessible! The future is here with #Velar Dharma! 🟧 pic.twitter.com/KYoh8Y9i8n — Velar (@VelarBTC) March 19, 2024 The new launch followed last year’s successful tesnet launch, attracting…
Merit, Aave’s latest alignment reward program, has gone live today and will be airdropping 280 wETH to wETH borrowers. GHO borrowers and stakers can also be expected to earn rewards from an airdrop next week. According to a press release reviewed by Blockworks, $2.1 million in wETH and $2.9 million in GHO will be spent over an initial 90-day period, and an extension proposal will be presented to the Aave DAO in April. Merit is designed to reward actions that benefit the Aave DAO, a twist in the competitive landscape of the DeFi space. Specifically, it uses a booster-based reward…
More than $5.4 million worth of collateral has been liquidated across defi platforms in the past 24 hours. Ethereum took the most brutal hit, accounting for $4.2 million of the total liquidations. According to data from Parsec, a further threat of destabilization if ETH drops to $3,008 could trigger an additional $24 million in liquidations. On-chain derivatives exchanges such as GMX, Kwenta, and Polynomial have been at the center of these liquidations, which cumulatively triggered over $52 million in the past day alone. When collaterals are liquidated in the context of defi, it means that assets pledged as security for…
The price of Bitcoin (BTC) has fallen after rising to the $74,000 mark. New analysis of the BTC price by Coinidol.com. Bitcoin price long-term forecast: bearish The cryptocurrency traded and reached a high of $73,794 before being beaten back. The rise ended when the price of the cryptocurrency fell below the 21-day SMA. Currently, the Bitcoin price is trading between the moving average lines. The value of Bitcoin is currently at $62,261 at the time of writing this article. According to the price indicator, Bitcoin is expected to fall even further. The BTC price has fallen below the 21-day SMA…
Top market analyst Ali Martinez has revealed the quantity of Bitcoin (BTC) to buy at each price level in his newly unveiled Dollar Cost Averaging (DCA) strategy. With the price of Bitcoin yet to find defined support amid the ongoing correction, some investors seek ways to leverage the price discount. However, some market experts advocate the dollar cost-averaging approach for those looking to augment their holdings. This system involves buying Bitcoin with a smaller yet fixed dollar regularly, at different price levels. With DCA, traders “apply value investing principles to regular investment.” The Martinez Strategy As outlined by the Ali…
Although Bitcoin has been in a downward trend lately, there is no decrease in interest in BTC. Because Bitcoin purchases have peaked in Argentina, one of the countries with very high inflation. According to Bloomberg, Bitcoin purchases in Argentina increased by 100% last week, as inflation reached 276%. Citizens of the country buy Bitcoin instead of exchanging it for dollars in order to maintain the value of the peso, the fia currency, which is melting in the face of high inflation. At this point, Bitcoin purchases in Argentina, one of the countries that have adopted Bitcoin at the highest level…
As Argentina’s inflation climbs, Bitcoin gains popularity over fiat currencies, driving increased crypto purchases and scam activity. In Argentina, where inflation has surged to staggering levels, Bitcoin is emerging as a preferred hedge against economic instability, Bloomberg reports, citing data compiled by a local crypto exchange Lemon Cash. Lemon Cash’s data reveals a significant uptick in Bitcoin transactions, nearing their highest weekly value in 20 months. The surge appears to coincide with President Javier Milei’s implementation of shock therapy policies aimed at revitalizing the economy, prompting Argentines to seek alternative means of financial security. You might also like: Argentine president…
Liquid restaking platform EtherFi’s ETHFI token has faced considerable struggles since its airdrop, partly due to one of its early investors selling their airdropped tokens.Blockchain analytical firm Nansen reported how Arrington XRP Capital, one of EtherFi’s investors, allegedly may have gamed EtherFi’s airdrop process for personal profit.Arrington ‘sybils’ EtherFiNansen’s findings reveal that Arrington XRP Capital staked 5,000 ETH across ten separate wallets, each containing 500 ETH. This move allowed the firm to claim the ETHFI airdrop from ten separate wallets, amassing 200,498 ETHFI tokens.Subsequently, all the airdropped tokens were transferred to the Binance crypto exchange, suggesting the firm might have divested…
The Bitcoin halving is roughly a month away. It’s set to take place on or around April 20, though the exact date won’t become clear until it’s closer. The quadrennial event takes place every 210,000 blocks, this time at block 840,000. Following the halving, the amount of bitcoin awarded to miners will be, well, halved: Mined bitcoin rewards will drop to 3.125 per block, down from 6.25. The last halving occurred in 2020 when the rewards dropped from 12.5 bitcoin per block to 6.25. What’s different this time? This will be the fourth halving in the history of Bitcoin, but…