DeFI News by Thebittimes.Com

The global cryptocurrency market is witnessing a sharp rebound on renewed optimism over a potential U.S.–China trade breakthrough. Specifically, within just 24 hours, total market capitalization surged from $3.69 trillion to $3.84 trillion, adding roughly $150 billion in value. Crypto market cap chart. Source: CMC Several assets have been at the forefront of this momentum. For instance, as of press time, Bitcoin (BTC) had climbed 1.54% to $113,566, while Ethereum (ETH) followed with a 3.39% rally to $4,076.  Solana (SOL) rose 2.49% to around $198, BNB (BNB) gained 1.91% to $1,135, and XRP joined the uptrend with a 2.70% increase to $2.65. Top crypto market gainers. Source: Finbold Why crypto market is rallying  The surge came after significant developments in Beijing and Washington, where China’s Vice Minister of Commerce announced that both nations had reached a “consensus” on key trade issues. The discussions reportedly covered export control...

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The Sui Network (SUI) will unlock nearly $150 million worth of its native token on April 1. This is part of Sui tokenomics and the monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings. Finbold has been monitoring and reporting Sui cliff unlocks according to data from Tokenomist . For example, December 1 saw Sui’s largest unlock in U.S. dollar value of 2024, unlocking $224 million worth of 64.19 million tokens. January 2025 had an even larger unlock nominal value for the same amount, valued at $274 million, as reported. February saw a lower unlock of $250 million, and an even larger drop occurred in March as the entire market collapsed – valued at $181.67 million. It is important, however, to understand that the unlocked amount in SUI tokens remains the same. Picks for you How Trump is killing XRP ...

XRP performance over the past week and month is nothing short of spectacular, climbing 78.54% and 403.57%, respectively.  With a market capitalization of $146.56 billion, the token priced at $2.56 at the time of publication has solidified itself as the third-largest cryptocurrency. This rally has been supported by several key factors, including rumors surrounding Ripple’s expanding ecosystem, growing optimism over regulatory clarity, and a broader bullish trend in the crypto market.  XRP’s 318% gain over the last year outperformed 81% of the top 100 cryptocurrencies, including Bitcoin and Ethereum.  Picks for you Is $4,000 next for Ethereum? Expert Analysis 24 mins ago Bullish chart alert: Is Silver set for another rally? ...

The US-based stablecoin issuer Circle is turning bullish on the crypto industry in European Union (EU), calling the Markets in Crypto Assets (MiCA) law “a regulated path for stablecoins in Europe.” Speaking at the Blockchain for Europe Summit in Brussels, Belgium on Tuesday, Patrick Hansen, Circle’s EU policy head, made it clear that with the EU now bringing regulatory clarity to the stablecoin market , a “move from speculation to utility” can finally happen for crypto. He added that the with the euro being the second-most used currency worldwide, the incentives for users to adopt euro stablecoins will now only grow, and said we now have “a regulated path for stablecoins in Europe.” The comment was shared on Twitter by Teana Baker-Taylor, Vice President of Policy & Regulatory Strategy at Circle: Circle launched its euro stablecoin, Euro Coin (EUROC) as an Ethereum-based ERC-20 token in already in June, and is now well-po...

Source: Mango Markets The exploiter of Solana-based DeFi lending platform Mango Markets has revealed his identity, referring to his actions as "a highly profitable trading strategy.” Avraham Eisenberg, who calls himself a "digital art dealer," has revealed that he was behind the $100 million exploit that hit Mango Markets earlier last week. "I was involved with a team that operated a highly profitable trading strategy last week," he said in a Saturday tweet.  In his admission, Eisenberg argued that their "actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are.” However, as a result of the exploit, Mango Markets became insolvent, Eisenberg noted, adding that the insurance fund was also insufficient to cover all liquidations. This led to the loss of over $100 million in user funds.  "To remedy the situat...