Decentralized exchanges (DEX) on the Solana blockchain recently achieved a significant milestone by surpassing Ethereum in trading volume. On December 16, the trading volume of DEXs on Solana reached $1.536 billion, exceeding Ethereum’s $1.164 billion during the same period. This development showcases the rapid growth and widespread adoption of Solana’s decentralized finance (DeFi) ecosystem. It
Shiba Inu (SHIB) has been facing a struggling performance recently, with the price falling -11% after being rejected from upper trendline resistance. This has left some bag-holders wondering if SHIB is going to zero. Adding to the uncertainty, large amounts of SHIB have been moving on-chain, with a massive 4.2 trillion SHIB being transferred between
The amended Chapter 11 reorganization plan filed by FTX Debtors on December 16 has raised concerns among the defunct crypto exchange’s creditors. The plan proposes valuing the creditors’ claims based on crypto prices from November 11, 2022, the day FTX filed for bankruptcy. However, during the days leading up to the FTX collapse, the crypto
FTX Debtors have recently submitted an amended Chapter 11 reorganization plan, prompting concerns over potential massive losses for the defunct cryptocurrency exchange’s creditors. The plan outlines the valuation of creditors’ claims based on cryptocurrency prices from November 11, 2022, the date of FTX’s bankruptcy petition. However, this valuation fails to consider the wild fluctuations and
Cryptocurrency markets have been on a recent surge, and this trend is not limited to just traditional centralized exchanges (CEX). The realm of decentralized finance (DeFi) has also experienced a spill-over effect. Historically, decentralized exchanges (DEX) have had lower trading volumes compared to their centralized counterparts. However, the recent market rally has led to increased
The cryptocurrency market experienced a 3% decline in global market cap this week, resulting in a $50 billion loss in valuation. While the overall market trended downwards, three cryptocurrencies, namely XRP, Cardano (ADA), and Shiba Inu (SHIB), garnered attention with their mixed price actions. XRP, the native crypto token of the Ripple network, failed to
The United States Department of Justice (DOJ) has recently taken legal action against two individuals accused of perpetrating a large-scale crypto Ponzi scheme. David Gilbert Saffron, a 51-year-old from Australia, and Vincent Anthony Mazzotta Jr., a 52-year-old from California, allegedly defrauded investors of approximately $25 million. The Justice Department’s press release reveals the details of
Cardano (ADA) has demonstrated impressive growth in its decentralized finance (DeFi) space, experiencing a significant increase in its total value locked (TVL). According to data from DeFiLlama, Cardano’s TVL has surged from $188.65 million on October 17 to $431.44 million on December 15, 2023. This remarkable increase reflects a growth rate of 180.636% within this
The native cryptocurrency of Ethereum, Ether (ETH), has made an impressive rebound in 2023. After experiencing significant losses in 2022, the price of ETH has surged to around $2,400, according to CoinGecko’s data. While this is a positive development, it is still far from its all-time high of over $4,800 recorded in November 2021. Optimistic
The recent performance of Bitcoin (BTC) has left many investors and enthusiasts questioning the future of the cryptocurrency. However, chief analyst Ryan Lee from Singaporean exchange Bitget has offered some interesting predictions for BTC’s price in 2024. These projections were shared by crypto data platform Brave New Coin in a recent post. According to Lee,
