DeFI News by Thebittimes.Com

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 ...

The Mad price has surged 233% in a week, despite plunging 6% in the last 24 hours, to trade at $0.00003984 as of 2.30 a.m. EST on trading volume that declined 17% to $6.93 million. The MAD price initially skyrocketed from $0.000012 on November 19 to $0.00007374 — a new all-time high that finally allowed it to overcome the record made in late July when it reached $0.00003650. 🚀 THE ALL-TIME HIGH PARTY HAS BEGUN! 🚀 What a journey it’s been! We’ve hit a NEW ATH, and we’re not stopping anytime soon. Thanks to the amazing community that’s been here every step of the way!$MAD is here to stay, and we’re just warming up! 😈💜#mad #alltimehigh… pic.twitter.com/Sv30XvpQk4 — MAD 😈 (@madcoinvip) November 21, 2024 The project also announced reaching 30,000 token holders on the same day, as its price surge attracted many new traders and investors looking for valuable opportunities. After it hit ATHs, it als...

The Bonk price has soared 19% in the last 24 hours to trade at $0.00003074 as of 6:50 a.m. EST on a 39% surge in trading volume to $1.6 billion. Bonk Price May Face A Short-Term Correction The BONK/USDT trading pair shows a strong bullish reversal following a lengthy consolidation phase near a major support zone, highlighted on the chart by the orange line. This support level, around $0.00002194, has acted as a solid base, providing a foundation for the current uptrend. BONK has rallied after multiple rejections at this support zone, indicating that the buyers are stepping in at these lower price levels. BONKUSDT Analysis Source: Tradingview The price has spiked to $0.00003141, with a daily gain of approximately 17.64%, indicating strong upward momentum. The recent rally has also been supported by a moving average (MA) cross between the 50-day and 200-day MAs, which typically signals a bullish trend reversal. The 50-day MA is now above the 200-day MA, confirming this sh...

The Dogecoin price plunged 7% in the last 24 hours to trade at $0.1922 as of 2.20 a.m. EST on trading volume that plummeted 23% to $7.56 billion. After surging over the past two days during the US election, the Dogecoin price climbed to $0.21, only for it to then correct back under the resistance at $0.20. The project only reached this height twice in the past year — once in March, and once again in April. However, with the election now officially over, the hype has died down, and prices have corrected. But Dogecoin might prove to be a special case given Trump’s plans to create a new crypto-related department and put Elon Musk — a major DOGE supporter — in charge of it. Recent mentions of the so-called Department of Government Efficiency, or DOGE, have fired Dogecoin higher, and so many are likely to keep DOGE in expectation of much greater gains in months and years to come. Dogecoin Price Prediction The Dogecoin price correction in the last 24 hours was fa...

The Hamster Kombat price has surged 6% in the last 24 hours to trade at $0.004969 as of 12:30 a.m. EST on a 24% drop in trading volume to $108 million. Hamster Kombat Price Gears Up For A Potential Rally The HMSTR/USDT pair in the 4-hour timeframe indicates a potential bullish reversal. A rounded bottom pattern is forming, which suggests a shift from a downtrend to an uptrend. This pattern is generally seen as a bullish sign, indicating that buyers are starting to regain control after a period of consolidation. The current support level is around $0.0048, which has held well during the consolidation phase. This support is crucial for a potential upward move, as a breakdown below this level could lead to further price declines. On the upside, the possible neckline or resistance level is at $0.0058. If the price breaks above this resistance, it would confirm the rounded bottom pattern, suggesting a continuation of the bullish trend. HMSTRUSDT Analysis Source: Tradingview ...

Offering a fresh and unique concept with its vote-to-earn platform, Flockerz is a newly launched meme coin that has already raised over $326K in its presale. In the fast-paced, player-versus-player landscape of meme coins, where critical decisions are usually controlled by a few, Flockerz flips the script by giving its community, ‘The Flock,’ the power to steer the project forward. Central to Flockerz is FlockTopia, an innovative decentralized autonomous organization (DAO) where every token holder not only has a say but also earns rewards through its pioneering vote-to-earn (VTE) system. In FlockTopia, you’re not just a bystander—you’re actively shaping the project and gaining rewards for every major decision you contribute to. Both newcomers and experienced crypto enthusiasts are expected to flock to Flockerz, helping it grow into one of the most influential communities and leading tokens—$FLOCK. Flockerz Introduces Community-Driven Governance wi...

Victoria, Seychelles, May 6th, 2024, Chainwire Bitget Wallet, one of the largest Web3 wallets and full-stack DeFi platforms, has officially integrated support for the Babylon Testnet, a pioneering Bitcoin staking protocol. Following this development, users will be able to search for and connect to the Babylon Testet from the app and browser extension versions of Bitget Wallet, streamlining the Bitcoin staking process for users. This integration will allow for seamless management of tokens and asset transfers and secure interactions with decentralized applications (DApps). To connect to the Babylon Testnet, users need only to search for and add the network from their Bitget Wallet homepage. The Babylon Testnet represents the first initiative to implement trustless Bitcoin staking , introducing significant utility to Bitcoin beyond its conventional roles as a store of value and payment method. This testnet is integral to Babylon’s broader mission of securi...

With the update, the project wants to help FLR holders secure and contribute to the ecosystem. Flare, a layer-1 solution that enables using smart contracts on the XRP network, has rolled out a public staking service for FLR token holders. Flare public staking is live: https://t.co/ZB0AaH7sFZ Learn everything about delegating FLR stake with #FlareStake. ️ pic.twitter.com/EsqWng7KCv — Flare ️ (@FlareNetworks) October 29, 2023 In an X thread on Oct. 29, the Flare team said the launch is part of the transition to a proof-of-stake consensus model. With the dedicated staking platform, FLR holders users can delegate their token s to validators in a bid to support them in contributing to the ecosystem, the developers said. You might also like: Flare brings blockchain API to Google Cloud Marketplace At launch, users could only stake FLR with Avalanche application set on their Ledger hardware wallets. However, the developers promise to add other staking options in the f...

The LSDFi sector’s total value locked has grown 5,870% since January as ETH holders seek better yields. The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has seen a surge in growth this year as Ether (ETH) holders chose to stake rather than liquidate.  Despite ETH withdrawals being enabled with the Ethereum Shapella upgrade in April 2023, an Oct. 16 LSDFi report from crypto data aggregator CoinGecko said the sector grew by 58.7x since January. By August 2023, LSD protocols accounted for 43.7% of the total 26.4 million ETH staked, with Lido having the lion’s share at almost a third of the total staked market. The LSDFi sector growth stats show ETH holders would rather re-stake for better yield opportunities than liquidate their assets after withdrawing. CoinGecko noted that since withdrawals were enabled, the exit queue remained at zero for more than half of the time (55%) and stayed below 10 validators for 77% of the time. LSDs were introduced to enable smaller ETH...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase Ventures recently decided to increase its involvement with a liquid staking protocol known as Rocket Pool. It also joined Rocket Pool’s Oracle DAO (oDAO), which is a group of special node operators in the protocol ’s ecosystem who are in charge of performing certain extra duties for the project. NEW: Coinbase Ventures Joins Rocket Pool’s Oracle DAO $RPL — Altcoin Daily (@AltcoinDailyio) April 4, 2023 Coinbase Ventures itself is the investment branch of Coinbase — the largest centralized cryptocurrency exchange by trading volume in the United States. Its decision to join Rocket Pool and its Oracle DAO will allow it to receive a share of the 15% of total RPL inflation produced during each reward period. .@cbventures is one vote away from being added as a @Rocket_Pool oracle DAO node. I'm very excited to have Coinbase Ventures as an industry participant on the oDAO...

The DeFi market’s total value locked surpassed $50 billion for the first time in six months thanks to the bullish burst in the crypto market over the past week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States Securities and Exchange Commission’s (SEC) crackdown on crypto-staking services could lead to uncertain consequences for the DeFi ecosystem. Cybercriminals used various methods to siphon funds through hacks and exploits in 2022, amounting to over $2.8 billion in losses. The second week of February saw the Platypus protocol exploited, leading to losses of $8.5 million. In another exploit-related update, the hacker behind Mango Markets wants to keep disputed funds paid as a bug bounty. The Financial Stability Board (FSB) stated that despite providing many novel services, DeFi does not differ substantially from traditional finance in it...

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the details of the SEC’s ban on crypto staking and whether stablecoins are securities. This week on The Market Report, the resident experts at Cointelegraph discuss why the United States Securities and Exchange Commission is going after crypto staking and why stablecoin s have been in the news recently. We start off this week’s show with the latest news in the markets: SEC lawsuit against Paxos over BUSD baffles crypto community On Feb. 13, the SEC issued a Wells Notice to Paxos Trust Company, which issues the Binance USD (BUSD) stablecoin , alleging that the stablecoin is an unregistered security. On the same day, the New York Department of Financial Services ordered Paxos to halt the issuance of BUSD. This led to various members of the crypto community taking to Twitter to give their takes on the situation. From disregarding the issue as “FUD” to calling it an attack against the Binance exchan...

Staking infrastructure firm Kiln has closed a $17.8 million fundraising round led by the likes of Consensys, GSR and Kraken Ventures. Staking technology provider Kiln has closed out a $17.8 million fundraising round featuring the likes of Consensys and Kraken Ventures. The company is eyeing ‘exponential’ growth in demand for ETH staking services from institutional clients in the future. Kiln is a software-as-a-service provider focused on enterprise-grade staking solutions across 16 different Proof-of-Stake blockchain protocols. Its infrastructure enables users to stake on-chain while maintaining asset custody on separate solutions as well as cloud platforms and validator clients. An announcement shared with Cointelegraph outlined growing institutionalization of cryptocurrency staking as a trend in the market. According to Kiln, this is driving the need for ‘validator-agnostic APIs and services’ to allow for multi-provider staking. Cointelegraph spoke to Kiln co-founder and CEO Laszl...

The Ether futures premium remains negative, while options markets are pricing similar risks for bulls and bears. Source: https://thebittimes.com/ethereum-open-interest-hits-7-7b-raising-the-chance-of-a-short-squeeze-above-1-5k-tbt25689.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Ethereum News Post by: TheBitTimes.com