DeFI News by Thebittimes.Com

There is no denying Shiba Inu’s (SHIB) success. The dog-themed cryptocurrency took the industry by storm after its launch in August 2020. SHIB’s price skyrocketed during the 2021 bull run. The asset’s price rallied by many million percent and hit an all-time high of $0.00008616 in October 2021. SHIB has struggled to regain the same momentum since its 2021 peak. Despite the lackluster performance, the asset has continued to garner fans and investors. Also Read: White House Scaling Back Tariffs—Here’s What It Means for You What’s Shiba Inu’s Price If Its Market Cap Equals Dogecoin Source: Watcher Guru Dogecoin (DOGE) has a market cap of nearly 26 billion. Let’s assume SHIB’s market cap hits $26 billion and its circulating supply remains the same at 589 trillion. In such a scenario, the price of each SHIB token will hit $0.0000441. SHIB’s price will rally by 236.38% if it hits $0.0000441. While the rally is commendable, it is nowhere close to...

The Ethereum price surged 5% in the last 24 hours to trade at $2,616 as of 03:45 a.m. EST on trading volume that skyrocketed 77% to $21.51 billion. This comes as Ethereum’s co-founder Vitalik Buterin shared a detailed blog post outlining key initiatives to optimize the Ethereum Virtual Machine (EVM) and account security as part of the ‘The Splurge’ roadmap. The Splurge roadmap from the Ethereum development team focuses on refining the Ethereum protocol to ensure its long-term success. Ethereum Price Aims For A Breakout The Ethereum price has been in a downtrend since reaching the $4,000 resistance in March but appears to be forming a consolidation pattern in recent months. Specifically, it’s in an ascending triangle pattern, which is typically a bullish continuation pattern, as the bulls capitalize on the $2,250 support level, according to data from GeckoTerminal . The price of Ethereum now trades above the 50-day Simple Moving Average (SMA), which acts a...

Vitalik Buterin: ‘Batshit’ Michael Saylor comments ‘not what crypto is about’ Ethereum co-founder Vitalik Buterin has branded recent comments from MicroStrategy supremo Michael Saylor on bitcoin custody and the role that banks should play in it as “batshit insane.” Buterin made the comment in response to an X post by bitcoin custody firm Casa’s chief security officer Jameson Lopp. “Bitcoin self custody isn’t just about being a paranoid mountain man,” wrote Lopp. “There are many long-term negative ramifications to convincing people to trust third-party custodians.” He then went on to list a number of these ramifications, including an increased risk of loss or seizure, and the deprioritization of permissionless scaling. He concluded by saying, “Self custody is not merely important to individual bitcoin holders. It’s important for the continued strengthening and improvement of the entire network.” I probably did more than ...

The crypt͏oc͏urre͏ncy market is͏ ͏witn͏essin͏g a s͏urge in ͏innova͏t͏ive͏ proj͏ec͏t͏s͏,͏ ͏w͏ith ͏the m o͏st tr͏e͏n͏d͏ing͏ cry͏ptos leading th͏e c͏harge. ͏T͏hese ͏tokens͏ ͏blen͏d humo͏r, advanced ͏technology͏, and pra͏ct͏i͏cal͏ utility to͏ create com͏pelli͏n͏g inves͏tmen͏t͏ op͏portuni͏ti͏es. This article identifies trending cryptos and informs investors and traders about each. Investors s͏e͏eki͏ng ͏novel opportuni͏ti͏es͏ ar͏e inc͏rea͏sing͏ly ͏dr͏a͏wn t͏o th͏e dyn͏am͏ic Et͏h͏ere͏um ecosystem. These ͏tok͏ens o͏ften featur͏e͏ creative ͏concepts,͏ advanced tokenomics, and engagin͏g n͏ar...

Regulatory enforcement against the crypto sector has spooked investors, but the total crypto market capitalization continues to hold above $1 trillion. A bearish trend formation has been pressuring cryptocurrency prices for the past eight weeks, driving the total market capitalization to its lowest level in more than two months at $1.06 trillion, a 2.4% decline between June 4 and June 11. This time, the move wasn’t driven by Bitcoin (BTC), as the leading cryptocurrency gained 0.8% during the seven-day period. The negative pressure came from a handful of altcoins that plunged over 15%, including BNB (BNB), Cardano (ADA), Solana (SOL), Polygon (MATIC) and Polkadot (DOT). Total crypto market cap in USD, 1-day. Source: TradingView Notice that the downtrend initiated in mid-April has tested the support level in multiple instances, indicating that an eventual break to the upside would require extra effort from the bulls. The United States Securities and Exchange Commission tagged multiple a...