DeFI News by Thebittimes.Com

The crypto project backed by US President Donald Trump has acquired another multi-million-dollar batch of digital assets, on-chain data shows. According to blockchain tracking firm Lookonchain, World Liberty Financial (WLFI) bought about $2 million worth of Avalanche (AVAX) and Mantle (MNT). Avalanche is a layer-1 Ethereum (ETH) rival, while Mantle is a prominent Ethereum layer-2 scaling solution. However, Lookonchain notes that WLFI’s portfolio, which includes more than 11 crypto assets, is losing on every single token, down nearly $120 million in total. “Trump’s World Liberty [Financial] bought 103,911 AVAX ($2 million) and 2.45 million MNT ($2 million)… In total, World Liberty has spent $343 million on 11 different tokens – but every single one is in the red, with a total loss of $118 million!” Source: Lookonchain/X At time of writing, AVAX is trading at $18.35 while MNT is priced at $0.826. Besides privately accumulating digi...

Shiba Inu‘s price is currently facing some serious downward pressure as market analysts are now predicting a further 20% decline to the $0.0000090 level. At the time of writing, the popular meme token is trading around $0.0000122, showing very little movement over the past 24 hours but recording some pretty significant losses of about 9.2% weekly,16.8% biweekly, and also an alarming 25.4% monthly. This rather troubling Shiba Inu price trend coincides with declining network activity and also reduced whale interest in the ecosystem right now. Also Read: Avoid Crypto Burnout: 3 Buy-and-Hold Strategies for 2025 Shiba Inu Price Forecast: Risks, Market Volatility & Investor Strategy Source: Watcher Guru Technical Analysis Shows Bearish Pattern The Shiba Inu price Analysis from TradingView reveals a token trapped in a descending channel with consistently lower highs and lows. The charts indicate absolutely no breakout signals whatsoever, which points to continued downward movement towar...

Two Ethereum (ETH)-based altcoins are skyrocketing after gaining support from the top US-based crypto exchange platform by volume. In new posts on the social media platform X, Coinbase is announcing the additions of the decentralized finance (DeFi) platform Maple Syrup (SYRUP) and artificial intelligence (AI)-based token Aethir (ATH) to its suite of digital asset products. Coinbase’s announcements preceded rallies for both tokens. The additions of SYRUP and ATH come a few days after Coinbase added the tokens to its listing roadmap last week, signaling upcoming support. At the time, both assets jumped nearly 40% in price. News of the support caused both the assets to spike in price, as SYRUP went from a low of $0.131 on March 12th to a peak of $0.173 just a day later, a gain of 28.7% during the last 24 hours, while ATH went from a low of $0.034 to a peak of $0.040 during the same time frame, a gain of 14.4% on the day. Aethir is a decentralized cloud comput...

Since his nomination as the 47th US President, Donald Trump has made several promises to US citizens, most notably to lower taxes. With these tax talks, Trump’s biggest resource for making that dream a reality has been through tariffs. The US President has explored tariffs on most of the United States’ major exporters, including Mexico and China. On the home front, Trump’s new Department of Government efficiency, is working to cut down on US spending, which includes thousands of jobs, to make way for tax cuts. According to a report by FactCheck.org, on average, taxpayers in every income group would get some tax relief, but not everyone. In all, about two-thirds to three-quarters of taxpayers would get a tax cut, according to independent analyses. Also, the cuts skew in favor of wealthy Americans, who would see more tax relief not only in the dollar amount but as a percentage of income, on average. But again, the wealthy wouldn’t be the only ones to benefit. Trump to Me...

The million-dollar question on everyone’s mind is ‘When will Bitcoin bottom out in price?’ It had hit an all-time high of $108,786 on January 20, 2025, the day Trump took office. Its price began to dip after the trade wars ignited as the President imposed tariffs on Canada, Mexico, and China. Even close allies in Europe were not spared angering countries from the other side of the Atlantic. Source: Coingecko Also Read: AI Predicts Hedera Price If HBAR ETF Is Approved By May 2025? After hitting its ATH of $108,786, Bitcoin lost nearly 25% of its value and is trading at the $82,400 level on Wednesday. It had fallen to the $76,000 range on Monday as the US stock market crashed 890 points. The leading cryptocurrency rebounded in price but investors remain skeptical as the markets are in unfavorable conditions. BTC: When Will Bitcoin Bottom Out? Source: Watcher Guru The former CEO of BitMex, Arthur Hayes predicts that Bitcoin could face further corrections in the charts. H...

Author | WuBlockchain In February 2025, the spot trading volume of major CEXs decreased by 21% compared to January. The top three CEXs in terms of change rate were Bitfinex +14%, MEXC +3%, and Bitget -15%. The bottom three CEXs were Upbit -46%, Crypto.com -29%, and Kraken -27%. The derivatives trading volume of major CEXs in February decreased by 17% compared to January. The top three CEXs in terms of change rate were MEXC +7%, Gate +4%, and HTX -13%. The bottom three CEXs were Crypto.com -27%, Kraken -26%, and KuCoin -25%. The website traffic of major CEXs in February decreased by 20% compared to January. The top three CEXs in terms of change rate were HTX +45%, OKX +15%, and Bitget +6%. The bottom three CEXs were KuCoin -62%, Upbit -35%, and Coinbase -29%. Note: These data points may be influenced by wash trading or bot activity. Spot and derivatives data were sourced from CoinGecko, while website traffic data was obtained from Similarweb. Follow us Twitter: https://twitter.com/WuBlo...