Yearn.Finance’s governance token (YFI) has experienced a significant decline, plummeting over 43% in just five hours on November 18th. This sharp drop comes after the token rallied almost 170% earlier in the month, causing concerns among investors and sparking fears about a possible exit scam. The decline wiped out over $300 million in market capitalization
In a groundbreaking move, tech firm Republic has recently announced its mission to democratize private market investing. The company has selected Avalanche as the platform to launch its profit-sharing digital asset, the Republic Note (R/Note). This innovative digital security is backed by Republic’s extensive private equity portfolio, which encompasses over 750 assets. Choosing Avalanche: The
Fidelity, a renowned asset management firm with an impressive $4.5 trillion in assets under management, has recently joined the growing number of companies seeking approval for a spot Ethereum (ETH) exchange-traded fund (ETF). In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity outlines its plan to list
The road to approval for a spot Bitcoin ETF has taken an interesting turn as securities regulators are now instructing applicants to handle funds in a specific way. Bloomberg analyst Eric Balchunas reports that the SEC’s Trading & Markets division has engaged with exchanges regarding spot Bitcoin ETF 19b-4s, specifically advising them to consider cash
In a recent filing with the Securities and Exchange Commission (SEC), Fidelity Investments has applied for a spot Ethereum exchange-traded fund (ETF). This move comes shortly after Fidelity’s competitor, BlackRock, submitted a similar filing for its own spot Ethereum ETF. With the two largest asset managers in the world entering the cryptocurrency ETF race, the
Leading U.S. cryptocurrency exchange Coinbase has taken a significant step toward advancing the adoption of cryptocurrencies in commerce by launching its new open-source Onchain Payment Protocol. This innovative protocol, which is an update to Coinbase’s existing Commerce product, aims to simplify and standardize on-chain payments for various Ethereum Virtual Machine networks. The Coinbase Onchain Payment
The decentralized finance (DeFi) market has long been known for its exhilarating highs and devastating lows. It has emerged as one of the most thrilling and volatile sectors in the realm of cryptocurrencies, second only to Bitcoin (BTC). In the year 2020, the DeFi sector experienced a remarkable bull market, propelling the total value locked
New meme token BABYGORK has witnessed an astounding 176% surge within the past 24 hours, propelling its value to $0.0004192. This impressive performance reflects an almost 10,000% gain since its listing on Uniswap a day prior. While this surge in value may catch the attention of traders, it is crucial to highlight the potential risks
The possibility of U.S. spot Ethereum (ETH) exchange-traded funds (ETFs) becoming a reality has sparked discussions about the potential impact on the market. While Bitcoin (BTC) ETFs have gained significant attention, there are questions about whether Ethereum ETFs will have a similar effect. According to Juan Leon, an analyst at Bitwise, the world’s largest crypto
The current crypto market has witnessed a significant shift in sentiment among Ethereum (ETH) holders. Some of these investors are reportedly panic selling their ETH holdings and diversifying into alternative layer-1 altcoins such as Solana (SOL) and Cardano (ADA). Their concern stems from the possibility that ETH may not outperform the market as it did
