DeFI News by Thebittimes.Com

Cryptocurrency firms have been rushing to issue initial public offerings (IPO) this year; however, they’ve not all been winners for investors who get in when these stocks are finally offered publicly. Among five firms analyzed by Protos — Circle, Galaxy Digital, Bullish, Gemini, and eToro — only two of them — Circle and Galaxy Digital — currently trade above their initial price. Galaxy Digital was also not technically an IPO, as it had previously traded on the Toronto Stock Exchange, but it did offer an underwritten public offering of its stock as part of its listing on the NASDAQ exchange. Read more: ANALYSIS: Does the Circle IPO value Tether at $316B? Galaxy Digital and Circle have both seen an approximate 63.5% relative increase in their trading price since their securities became available on NASDAQ. Circle was, at one point, trading at approximately three times its initial price before falling to this lower level. The thr...

It has been 262 days days — over 37 weeks or more than 6,000 hours — since Solana last suffered a major outage. According to the network’s own incident history tracker, the last major outage occurred on February 6 this year and lasted five hours. No reason was given at the time, however, the tracker noted that the problem was apparently resolved after “a successful upgrade to v1.17.20 and a restart of the cluster by validator operators.” As a result of the disruption, Solana’s  SOL token fell 2% to $94 . Protos has compiled a chart detailing this and every other Solana outage since its launch. Click to enlarge. Read more: Solana mainnet down almost a year after last major outage The next most recent outage occurred almost a year earlier on February 25, 2023, and was put down to “cluster instability.” Before this, major issues struck the network on September 30, 2022, and June 1, 2022. Solana launched in 2020 but accor...

A "horrendous bearish engulfing" risks defining the weekly close, but all may not be lost, Bitcoin price analysts insist. Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $26,600 becomes popular BTC price target Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing. Up around 2.5% from the lows set the day prior, the pair remained on traders’ radar as a potential short opportunity into the weekly close. “$26,600 is my target in my short position right now, and being the weekend it may take a bit longer to get there,” Crypto Tony confirmed to Twitter followers on the day. “It is the most logical target and we also have bids popped up down there too now, so i am expecting a reaction once tested.” BTC/USD annotated chart. Source: Crypto T/Twitter That target would mark a new bottom for Bitcoin, which lost 1...