DeFI News by Thebittimes.Com

Solana (SOL) has recently demonstrated positive performance. Presently ranked among the top five cryptocurrencies by market capitalization, SOL is trading at $144 with a market cap of $64 billion. This indicates that Solana may be on the path to recovery, showing signs of a gradual comeback. A crucial question now arises: will meme coins on this network also experience a resurgence? Several meme coins on Solana are under evaluation for potential investment opportunities. Peanie (PEANIE) Analysis of meme coins on Solana has unearthed a potential gem: Peanie. Deep dives into Peanie on Solscan reveal robust market activity and investor interest. Peanie boasts an impressive 24-hour trading volume of $3.59 million and a holding base exceeding 3,000. Notably, an anonymous account holds over $750,000 in Peanie. This investor is also a top-three holder in another cryptocurrency, underscoring their significant influence. Observing the strategic investment patterns of significant market p

Billionaire real estate investor and CEO of Starwood Capital, Barry Sternlicht, has recently stated his expectation of one bank failure per week in the United States. Indeed, Sternlicht expressed his concern regarding more than 4,000 banks in the US amid the ongoing pressure of interest rates and inflation. Sternlicht noted that community and regional banks could be in for a treacherous time amid a host of macroeconomic factors. Subsequently, he noted that a regional bank could fail “every week, maybe two a week” in a recent interview with CNBC. Source: The Hill Also Read: US Stock Market Will Face a 30% Correction: Forecast Billionaire Real Estate Investor Expects Banking Struggles Throughout the year, the United States has been navigating an economy of increased frailty. Indeed, the Federal Reserve had enacted a two-year tightening campaign, increasing interest rates to combat high inflation. Now, the Central Bank has yet to cut rates, with many projecting dangers for th

Like many other assets in the cryptocurrency sector, Shiba Inu (SHIB) has been recording advances recently, adding up to its particularly successful year that saw it soar over 125%, and data compiled by the artificial intelligence (AI) platform ChatGPT suggests a wide trading range in the next year. Indeed, Finbold asked ChatGPT-4, the most recent model of the OpenAI brainchild, to provide insights into the possible price range of Shiba Inu in 2025, taking into account expert opinions, historical price movements, indicators, and other relevant information from the viewpoint on May 10. Shiba Inu price prediction So, will Shiba Inu coin reach $1 any time soon? Not very likely, at least according to the information that ChatGPT has gathered from the internet’s most prominent crypto monitoring and forecasting websites. Nonetheless, a price increase is quite possible. Picks for you R. Kiyosaki's stark warning: Stop living in Disneyland and prepare for depression 1

Donald Trump, the former President of the United States of America and a crypto investor, has issued a bullish statement about the crypto and non-fungible token sectors. Trump’s recent statement on crypto has pushed his non-fungible token collection to explode in sales volume. Trump Series 2 NFTs Jump 2500% In Daily Sales Data recorded by CoinGecko.com, an on-chain crypto market aggregator and a multi-chain non-fungible token explorer, shows that Trump Digital Trading Card Series 2 has sharply increased in sales volume and floor price value. In the past 24 hours, the Trump Digital Trading Card Series NFT floor price has surged 40% to 0.029 ETH. During this period, the Trump Digital Trading Card Series 2 NFT sales volume has also soared. In the past 24 hours, the Trump Digital Trading Series 2 has amassed a trading sales volume of 9.38 ETH or $27,980, representing a 2,535% spike from the previous day. Donald Trump, who is relentlessly searching for reelection as the next President

Blockchain analytics platform Santiment says one Ethereum (ETH)-based altcoin project is leading in the real-world asset (RWA) sector based on development activity. Santiment says that blockchain oracle Chainlink (LINK) is seeing the greatest amount of daily activity on the development hosting platform GitHub. LINK Is seeing more than two times the amount of development activity compared to the second most active blockchain project, Synthetix (SNX), a decentralized finance (DeFi) crypto that allows synthetic asset creation on Ethereum. “Here are crypto’s top real-world assets by development. This list is compiled by counting any non-redundant GitHub activity, and averaging this daily activity over the past 30 days. Chainlink currently produces 2.49x more daily activity than the next most active project, Synthetix, in the RWA sector.” Santiment’s ranking list is as follows: 1. Chainlink 2. Synthetix.io 3. Centrifuge (CFG) 4. Dusk (DUSK) 5. Oraichain (ORAI) 6. Cr

The hacker who looted the crypto exchange Poloniex has started moving Ethereum (ETH) to the mixing service Tornado Cash, according to the digital asset de-anonymizing platform Arkham. Arkham notes the hacker moved 1126.1 ETH worth more than $3.4 million into Tornado Cash across a series of 20 transactions on Monday and Tuesday. They represent the exploiter’s first moves into the controversial Ethereum-based crypto mixer, which helps users conceal their digital assets. The hacker raided Poloniex in early November, stealing $56 million worth of ETH, $48 million worth of Tron (TRX) and $18 million worth of Bitcoin (BTC), as well as smaller amounts of other crypto assets. The exchange, which is owned by Tron founder Justin Sun, offered a 5% white hat bounty that went unaccepted. and the hacker still holds $181.47 million worth of crypto in their primary address, according to Arkham. Justin Sun-affiliated projects have endured a prolific string of attacks in the pas