DeFI News & Alerts

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Bitcoin progress to next halving: 60%

Sentiment: 📊 Both #Ethereum and #SP500 bounced back to their respective May price levels in mid-August. But #Bitcoin is still lagging behind.

📈 #Ethereum $ETH The number of addresses holding 32+ coins just hit a 17-month high

Trading volumes on cryptocurrency exchanges in July still bypassed the corresponding indicator in June. The result for the last month is the equivalent of $626.33 billion.

For comparison, the record from May 2021 was $2.23 trillion.

SP500 has been in a drawdown for 573 days. And at this rate, it will reach a new all-time high before we see the first signs of a recession.

Given that it usually takes more than 3 years to recover from a bear market of a major recession, I don't know if this is good news or bad news.

CryptoPunks volumes are growing 📈

With the $2.66 million sale of CryptoPunk 4464, volumes are up 278% this week.

Sentiment 🐳 As #Cardano prices remained particularly low in 2022, addresses holding $10-100k are now hoarding them. In 30 days, they added $79.1M to their collective bags. Meanwhile, the whales holding 100k - 10m $ADA have stopped their dumping.

Sentiment 🦈🐳 $MATIC sharks and whales have been in a fairly strong accumulation trend for about six weeks now. Holder levels from 10K to 10M coins combined have replenished their portfolios by 8.7% during this time.

🔥 List of projects helping users get stETH
Lido Finance

Bitfinex Longs are growing

Glassnode experts continue to study bitcoin moves by their owners. According to analysts, most cryptoinvestors are now moving their BTCs to exchanges in a state of loss.

Accordingly, they are sending coins to trading platforms in anticipation of a further market collapse and voluntarily fixing the minus. Such is the case.

By the way, to help imagine how Ledger Connect will look and work,

The minimum cost of the representative of the Bored Ape Yacht Club NFT collection has set a new historical maximum. Now the indicator is 123.5 ETH, that is, 380 thousand dollars. And this is still the most expensive selection of non-fungible tokens.

Yesterday's purchase of 2508 bitcoins by the Luna Foundation Guard (LFG) fund from Terra did not go unnoticed. As a result, this address rose one position in the ranking of the richest Bitcoin addresses. Now he is in 18th place.

It seems that soon the guys will rise much higher in this list.

According to Arcane Research analysts, 19 percent of the total hashrate of the Bitcoin network is provided by public companies. We are talking about mining giants whose shares are traded on stock exchanges.

Their examples are Riot Blockchain, Marathon Digital Holdings and others. Here is the chart.

Ukrainian crypto project aims to turn off Russian propaganda

disBalancer, a cybersecurity project based in Kyiv, is assembling the world's largest cyber army for powerful DDoS attacks on russian propaganda websites. They’re gathering 100,000 users of their Liberator app, which promises fatality to russian lying websites.

Before the war began, the disBalancer team worked on a stress tool that helps businesses make them resistant to DDoS attacks and protect crypto-related projects against fraudsters. After Russia had invaded Ukraine, the team decided to use the tool to fight Russian propaganda - Liberator.

More than 100,000 people have installed Liberator. More than 6,000 people use it continuously. The goal is to gain more than 100,000 active users to fight with the most secured propaganda websites.

Bloomberg, The Times, the Washington Post, Yahoo Finance and BBC Radio wrote about this app. The project gets huge coverage around the world.

The team is selling their $DDOS tokens to buy servers and scale the project’s infrastructure. Also, they’re giving first NFT medals to all fighters who will join the attacks. All you need to do is to download and launch the app and/or buy at least 1,000 DDOS tokens, and hold them until the war finishes. (Current price is $0.40)

Help us to spread this information and kill the russian propaganda machine!

Our official website with more info on $DDOS sale, Liberator and NFT - https://disbalancer.com/.

Our Telegram chat - https://t.me/disbalancer_group

Over the past year, volatility has traded in a wide range
-- Bloomberg

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According to analysts, the number of bitcoins that have not moved for at least three years is at an all-time high. We are talking about 7.23 million BTC, among which there are also lost coins.

Be that as it may, the trend of the so-called hodl is also noticeable. Here is the chart.

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A couple of hours ago #Maker made the largest whale move in 3 months. 24,331 $MKR ($17.4M) was transferred to the whale address, and then another move of identical size was made. In recessions, such large-scale moves often correlate with reversals.

Ethereum will be worth $7,609 in 2022 📡

Ethereum could peak at $7,609 in 2022, according to the latest Finder.com survey of an expert panel of 33 industry experts. That would be a 102% increase in ETH from the levels of the beginning of the year. However, according to the average forecast, the coin will end 2022 around $6,500.

Experts in the fintech, cryptocurrency and NFT segments took part in the survey. For example, Fred Shebesta, founder of Finder, expects ETH to rise to $7,000 and then fall to $6,000 by the end of 2022 amid high competition from other cryptocurrencies. As he explains, despite Ethereum's widespread global popularity and strong developer base, the network is still in a highly competitive environment, which is not at all typical of bitcoin.

Paul Levy of the University of Brighton believes that ETH could reach $9,000 and end this year around $8,000.

Large-scale Tron hackathon and record Cardano network activity 🤖

Cryptocurrency Tron (TRX) maintained positive momentum over the weekend, despite the fall of most altcoins. Investors picked up TRX ahead of the start of the massive TRON Grand Hackathon 2022.

The developer conference kicks off today and runs through March 7th for new ideas and specific applications related to DeFi, GameFi, NFT or any web 3.0 direction.

Cardano blockchain came out on top in terms of the number of adjusted transactions conducted. This metric from Messari analysts allows only the actual movement of assets on the network to be taken into account, excluding technical flows between wallets of exchanges, etc.

Transaction volumes allow to identify in advance the increased interest of investors and speculators in the cryptocurrency, even before its rate takes off.

Panther Protocol launches its own ZKP token 🚜

The Token Generation Event for Panther Protocol, a comprehensive DeFi and Web3 privacy solution, took place on January 31, 2022.

"After raising more than $30 million in private and public sales, TGE Panther represents a milestone for both its growth and its mission to restore financial privacy in blockchain with interoperable zero-disclosure assets," the announcement reads.

Ahead of this event, the Panther protocol successfully created LaunchDAO: a decentralized, privacy-preserving voting mechanism.

Anish Mohammed, Panther Protocol's chief technology officer, said:

"LaunchDAO recreates the privacy of voting that exists in the traditional world. Panther Protocol allows blockchain participants to comply by participating in a decentralized governance process."

Blockchain ORBIS has opened a Whitelist presale ORBC, and at the same time, AIRDROP for ~$100,000 is underway.

Blockchain ORBIS is a service-oriented, decentralized BaaS protocol for capturing the creation and circulation of digital value rights.

To participate in the Allocation raffle, you need to download the node at: https://orbis.money, register a crypto container in MAIN NET and fill in the FORM.

Whitelist Allocation TIME:
Start Time: 5:00 p.m. UTC (8:00 p.m. MSC), February 1, 2022
End time: 5:00 p.m. UTC (8:00 p.m. MSC), February 5, 2022
Allocation results: February 7, 2022 at: presale.orbis.money
Presale start: 5:00 p.m. UTC (8:00 p.m. MSC), February 8, 2022.

AIRDROP from January 10 to February 17, 2022.
1,000 winners will be randomly selected and guaranteed 50 ORBC (~$100) each.
To participate in the airdrop, you must fill out the FORM and complete the tasks.

Meta (Facebook) has applied for a trademark registration with the word "bitcoin" 💠

Meta Corporation, formerly known as Facebook, has filed a trademark application in Brazil that mentions bitcoin.

The application is filed in December 2021 and refers to the design, development and implementation of software for third-party digital currency transaction verification services, including bitcoin.

In addition, the document specifies the creation of a virtual online environment for selling and buying digital currencies, virtual currencies, cryptocurrencies, digital and blockchain assets, digital securities, tokenized securities and utility tokens.

The company abandoned the Diem project, i.e. the creation of its own steblecoin based on a distributed ledger. Along with this, the company intends to create its own meta-universe, and it is logical to assume that cryptoservices will be represented within it.

JPMorgan Closes Uniswap Founder's Accounts ⚔️

Big banks shouldn't publicly discriminate against the crypto industry they hate so much, but they can act sneakily by not allowing crypto clients to have accounts with them.

That's exactly what just happened to Uniswap founder Hayden Adams, according to a Jan. 23 tweet.

"This week JPMorgan Chase closed my bank accounts without notice or explanation. I know many people and companies who have also been attacked simply for working in the crypto industry. Thank you for making this personal," Adams wrote.

It would have been the perfect way for banks to crack down on crypto users without too much fuss. It was suggested by former Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz:

"Probably shady crypto debunking by Federal Reserve bank supervisors or the Office of the Comptroller of the Currency at the behest of the top," he reported.

Stader Labs raised $12.5 million in a strategic round 💰

Stader Labs, a crypto firm that develops decentralized finance or DeFi products for proof-of-ownership blockchain networks, announced Thursday that it raised $12.5 million in a private sale. The funding round was led by Three Arrows Capital with additional participation from Blockchain.com investors, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment and anger. Thus, Staber Labs is valued at $450 million.

Amitay Gajala, CEO of Stader Labs, commented on the development as follows:

"This capital will be strategically used to accelerate the development of our interconnect extension as well as to develop our growing ecosystem of third-party developers building stacking applications with Stader's decentralized infrastructure."

Analyst: The reason why the heavy overvaluation line (red arrow) is higher than in previous cycles is because it includes illiquid supply - #Bitcoin has become more scarce.
If we get an LTH rally like we did in 2019, we will likely still not reach ATH. Note that unlike 2018, we already had an LTH rally in November 2021

Investors withdrew over 203,000 ether from exchanges in a week 👎

The price of ETH has risen almost 3.5% to $3342 in the last 24 hours. The largest altcoin is capitalized at ~$398.672 billion on Thursday, January 13.

According to the ViewBase platform, investors withdrew 203,147 ETH totaling up to $682.997 million from centralized crypto exchanges during the week.

The ETH exchange balance fell to 11.6% of the cryptocurrency's total market supply in mid-January. Analysts view such data positively, as reduced supply of the asset eases pressure on it from sellers. This should have a positive effect on the value of ether amid growing demand.

Currently, the lion's share of the altcoin is placed on Coinbase, Binance and Gemini platforms - 6.34 million, 2.13 million and 1.79 million coins, respectively. Coinbase and Binance hold 46.16% and 15.57% of the ETH exchange balance as percentages.

Rate cuts are NOT bullish for the stock market

Ethereum has lost more than 17% in the last week 🆘

The price of Ethereum fell below $3,100 overnight, continuing the decline that began on Wednesday afternoon. In recent days, ETH has hovered around $3,200.

This week, the big drop in Ethereum and Bitcoin followed the disappointing US employment report for December and the publication of the minutes of the December meeting of the Federal Reserve Board, which signaled that the central bank will begin to slow down measures to support the economy.

Ethereum set a new historical record when it broke the $4,850 mark on November 10, and maintained this strength until December before rolling back towards the end of the month. Even taking into account the late decline, Ethereum ended the year much better than it started: in January 2021, the price of ETH was a little more than $ 1,000.

As with any long-term investment, experts advise ignoring the ups and downs.

#ERC20 tokens by social signal

Vitalik Buterin: "Etherium 2.0 is only 50% ready" 🤔

Vitalik Buterin, the co-founder of Etherium, spoke about the development of the second cryptocurrency during his two-hour podcast Bankless. According to him, the readiness of the new version does not exceed 50%.

Buterin stressed that to achieve maximum scalability and decentralization, Etherium needs to become more flexible and easier in terms of data in the blockchain. This will allow more people to run full nodes of Etherium and consequently make the network more decentralized. Right now, 2.6 Mbytes of data per second pass through the Etherium network.

The project team is now working on the merger phase - a full transition to Proof-of-Stake (PoS) consensus. The transition should be completed in the first half of this year. The second stage will be to increase scalability and bandwidth on the Etherium network.

Small to medium #Bitcoin addresses (0.1 to 100 $BTC) are on one of the most aggressive accumulation cycles in history, having replenished their holdings by 9% in the last 6 months alone.

Euroswap EDEX prepares to join the listing calendar from Coinmarketcap 🧩

Coinmarketcap has long established itself as one of the most reliable mass auditors of crypto projects. The average investor has a 50% chance of investing in a good project, while the chances of success for new coins from the CMC list increase to 60-70%.

That's why most investors are waiting for projects to be registered on Coinmarketcap. And now Europe's first decentralized exchange (DEX) EuroSwap says it is waiting for the application to be approved and after that to appear on the cherished Coinmarketcap list.

The developers of the project EDEX previously said that after the Priority Session for early investors they will take care of project security. This meant that the team would get all the technical and marketing details of the project so that EuroSwap could be easily audited by reputable companies.

Astra Protocol raises $9 million for decentralized compliance 💸

Astra's initiative aims to provide DeFi smart contracts with a fully decentralized compliance layer that offers both AML and KYC capabilities. In addition, the compliance layer can help address any real compliance issues with the help of different but well-known law firms.

Astra Protocol co-founder Arthur Ali commented:

"ASTRA is the key to DeFi's future. It will allow us to open the next avenue of growth in the industry, allowing for more interoperable practices in many countries and ensuring the continued participation of large traditional organizations. Our globally patented technology will allow DeFi to continue its growth seamlessly, while increasing regulatory confidence without sacrificing decentralization."

In nominal terms, US retail sales are still strong, up 5.4% over the past year.

But after adjusting for inflation, the story changes. Real retail sales peaked in March 2021 and are down 1.6% over the past year.

The income of the cryptocurrency exchange Coinbase in the third quarter amounted to 590.3 million dollars, while the forecast figure was 649.2 million. Accordingly, the results of this period turned out to be noticeably worse.

The change in the COIN stock price over the past 24 hours as a result looks like this.