DeFI News by Thebittimes.Com

The Bitcoin Price has surged by 0.3% in the last 24 hours to trade at  $59242 as of 8 p.m. EST on a 26% pump in trading volume to $38.9 billion. This rice price comes as Bitcoin ETFs mark the ninth day in August with recorded outflows deviating from the typically positive trend observed in previous months. Among the Bitcoin ETFs, Grayscale’s Bitcoin Trust saw the highest outflow of $70.2 million, followed by ARK’s ARKB with $65 million, Bitwise’s BITB with $16.4 million, Fidelity’s FBTC with $12.9 million, and Invesco’s BTCO with $11.1 million. 🚨 US #ETF 30 AUG: 🔴$176M to $BTC and ⚪$0M to $ETH 🌟 BTC ETF UPDATE (final): -$176M • No US Bitcoin ETFs saw an inflow yesterday. • The total flow for the week is -$227M with outflows on the past 4 days! 🌟 ETH ETF UPDATE (final): $0M • All US Ethereum ETFs had $0 net… pic.twitter.com/g2ek81iNSZ — Spot On Chain (@spotonchain) August 31, 20...

Base Dawgz ($DAWGZ) concluded its token presale on Thursday, successfully raising nearly $3.2 million after a little over two months of fundraising efforts.  The project’s native token, $DAWGZ,  is slated to debut on a decentralized exchange (DEX) on September 4 at 5 p.m. CET. Before $DAWGZ becomes available to the broader crypto trading public, early contributors have a final opportunity to purchase tokens at the listing price of $0.008582.  This early investment positions them advantageously, as $DAWGZ is anticipated to experience a significant price increase once trading begins. For those still deliberating, now is the time to act. With its impressive presale funding and the potential to emerge as the Shiba Inu ($SHIB) equivalent on the Base network, $DAWGZ is poised for significant price appreciation. The Base Network Needs More Canine-Themed Tokens In The Top 10 Since its inception, the Base network ha...

A cryptocurrency trader and analyst is issuing a warning on the potential price performance of altcoins in the current cycle. The analyst pseudonymously known as Sherpa tells his 11,399 YouTube subscribers that altcoins might perform poorly during the current cycle relative to other cycles and periods. “Your altcoin might not do crazy multiples like it did earlier this year. It might not go to an all-time high like it did in 2021 and your altcoin might simply have already topped for the cycle.” The pseudonymous analyst further says, “I think that you have to be realistic with your overall targets and you can’t assume that just because Bitcoin is going to go really strongly it means that your altcoin is going to go to former all-time highs. Because the market, as I said, the dynamic has changed quite a bit. It’s very different, it’s not similar at all to what the market was like in 2021. And just because there’s flows in one co...

Pepe (PEPE) has been one of the best-performing cryptocurrencies of the last year. Since its launch in April 2023, the frog-themed crypto has rallied by many thousand percent. Investors who got in early have made millions of dollars in profit. Also Read: PEPE and BONK Price Prediction For September 2024 Pepe Investor’s Success and Future Performance Predictions Source – Coin98 Pepe Investor Makes $1.77 Million According to data from LookOnChain, one investor made $1.77 million with frog-themed crypto. The crypto Analysis firm highlights that the investor spent 200,000 USDC to buy 170 billion PEPE on Oct. 20, 2023. The investor held on to the tokens till July 25, 2024, selling them for $1.97 million. The investor’s holdings had risen by a cool 886%. A $PEPE diamond hand who made $1.77M(+886%) spent 1.34M $USDC to buy 173B $PEPE again! This trader spent 200K $USDC to buy 170B $PEPE on Oct 25, 2023 and held it until Jul 25, 2024, when he sold it for 1.97M $USDC, making a profi...

Synthetic Assets in DeFi: Tokenizing Real-World Value! Decentralized finance (DeFi) has redefined traditional financial systems by introducing new financial instruments and models, one of which is synthetic assets. Synthetic assets in DeFi have emerged as a groundbreaking concept, enabling the tokenization of real-world value on the blockchain. This article explores the significance, mechanics, and impact of synthetic assets in DeFi, illustrating how they bridge the gap between traditional finance and blockchain technology. What Are Synthetic Assets? Synthetic assets are digital representations of real-world assets, created using smart contracts on a blockchain. These assets can mimic the value and behavior of any underlying asset, such as commodities, stocks, currencies, or even real estate. By tokenizing these assets, synthetic assets enable users to gain exposure to traditional financial instruments without needing to own or manage the actual underlying assets. For example, instead ...

The Sun price has surged 5% in the last 24 hours to trade at $0.03076 as of 6:30 a.m. EST, driven by a 23% increase in trading volume to $321 million. Sun Price May Along The Parabolic Curve The Sun price chart on the daily timeframe indicates a strong bullish trend, characterized by a recent breakout and the formation of a parabolic curve. After a prolonged period of sideways movement, the price surged above key resistance levels, signalling the beginning of a potential long-term uptrend. SUNUSD Analysis   Source: Dextools.io This breakout, occurring around the $0.0135 level, led to a rapid price increase, reaching a recent high of approximately $0.0400. The steep rise forms a parabolic curve often associated with intense bullish momentum. The price is well above the 50-day and 200-day simple moving averages, with the 50-day SMA at $0.0135 and the 200-day SMA at $0.0131. This positioning of the moving averages and the golden cross (where the 50-day MA crosses above t...

Donald Trump, the former United States President, a prominent crypto investor and the United States presidential election super candidate, has launched a new collection of digital trading card non-fungible tokens to expand the growing interplay between crypto and politics. In this article, we shall assess in detail more about this new Trump’s non-fungible token collection. Trump Launches His 4th NFT Collection On August 27, 2024, Trump, through his collecttrumpcards.com website, confirmed unleashing his fourth non-fungible token collection titled “The American First Collection.” Building on the growing interplay between crypto and politics, Donald Trump is offering a fourth collection of NFTs featuring images of the former American president disguised in different outfits. Donald John Trump is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump is now seeking his re-electi...

US congressman Mike Collins has reportedly been making ‘pretty wild day trades,’ according to crypto analytical firm Quiver Quantitative. In an X (formerly Twitter) post on Monday, Quiver claimed that Collins bought up to $50,000 of an altcoin called Aerodrome on July 6. Then, on August 4, he sold the coins before rebuying them on August 5. “Pretty wild trading from a member of Congress,” Quiver noted.   i'm sure this will end well https://t.co/Tip7WxYmm7 — ⚯ M Cryptadamus ⚯ | @[email protected] (@Cryptadamist) August 26, 2024 While Quiver claimed Collins bought Aredrome on July 26, the screenshot suggests it was instead bought on July 6. Read more: No, California is not adopting bitcoin According to Quiver, Collins also bought up to $15,000 worth of a coin called Velodrome in May and sold up to $15,000 of The Graph, Aerodrome, and Velodrome between June 23 and June 24.   He also reported two ether trades totaling $65,000 in early 2024 and has report...

The cryptocurrency market has several kinds of investors, including retail, institutional, and whales. While retail investors include the average Joe, institutional investors are bigger firms. Institutional Investment in XRP: A Comprehensive Analysis According to a recent study conducted by international strategic consulting firm EY-Parthenon, more than 20% of institutional investors admitted to investing in XRP . Study Participants and Demographics 277 institutional investors, including portfolio managers, CEOs, and COOs, participated in the study. The respondents were asset owners, hedge funds, wealth managers, family offices, and asset managers. EY report on corporate crypto investment in'24 (May). About 80% of respondents were US & EMEA. Among current holders, #XRP holdings ticked up to just above 20%.https://t.co/CgQpQL6f34 pic.twitter.com/APIUByJcQ9 — WrathofKahneman (@WKahneman) August 25, 2024 At least 147 of them were from the United States, and about 90 respondents we...

Bybit, the world’s second-largest crypto exchange by trading volume, opened its new Amsterdam office on August 22, as per the most current information shared with Finbold on August 25.  This move marks a significant milestone in Bybit’s European expansion and highlights the platform’s commitment to innovation and growth within the Dutch market. At the @Bybit_Official office opening in Amsterdam! pic.twitter.com/GE7XZULHlf — Sjuul | AltCryptoGems (@AltCryptoGems) August 22, 2024 Bybit’s Amsterdam office The Amsterdam office stands as a symbol of Bybit’s dedication to the Dutch crypto community. Picks for you Ann Coulter's net worth 2024: How rich is the conservative firebrand? 1 hour ago AI predicts XRP price if ...

A cryptocurrency trading expert has warned of a troubling outlook for the next price movement of Bitcoin (BTC) and altcoins, even as investors anticipate potential new highs. In a TradingView post on August 25, Alan Santana described a grim scenario unfolding in the coming weeks, supported by a detailed Analysis suggesting the market is teetering on the edge of what could be the most significant crash of 2024. According to Santana, the cryptocurrency market is on the brink of reaching the climax of a correction that has been building throughout the year. He ominously declared that “trouble is approaching the market,” indicating that Bitcoin’s capitulation event is inevitable and will have a cascading effect on the entire crypto market. Picks for you Toncoin (TON) price prediction amid Telegram CEO Pavel Durov's arr...

With thousands of cryptocurrencies available on the market, investors are still looking for affordable assets that have the potential to emulate Bitcoin’s (BTC) growth. Indeed, the market harbors some digital assets that may be considered undervalued compared to the underlying fundamentals. Due to factors such as high potential use in the real world, these assets are worth monitoring as they could offer growth opportunities. Therefore, Finbold turned to OpenAI’s artificial intelligence (AI) tool ChatGPT-4o to determine which digital assets are undervalued and worth buying. Below are the three assets highlighted by the AI model. Picks for you Ethereum price prediction as Sony launches Soneium L2 18 hours ago Economist revises Bitcoin and S...

The crypto market is poised for an upward trend, with BTC reaching the $61,000 mark. Altcoins like Bitget Token and Arbitrum demonstrate significant growth potential, contributing to the broader market recovery. Additionally, altcoins in the gaming sector are entering strong buying zones, which is attracting investor interest. Given the potential for BTC to rapidly reach $70,000 and catalyze a broader recovery in the altcoin market, investors are actively seeking the best crypto to buy now .  Best Crypto to Buy Now Recently, ARB’s price has demonstrated resilience, holding steady above $0.55, increasing by 1.31% intraday. Meanwhile, PLAY is approaching the end of its presale, having already raised over $6 million. The presale is scheduled to conclude on August 26. In another development, Sui Network has formed a partnership with Yield Games. This collaboration is focused on advancing the growth of blockchain-based gaming. 1. Arbitrum (ARB) Arbitrum enhances speed, scalabi...