Markets

Maker, one of the first and largest DeFi lending protocols on Ethereum, has rebranded to “Sky” following key upgrades to its decentralized stablecoin system. That stablecoin, previously known as DAI, has also rebranded to USDS, and the MKR governance token has been changed to SKY. From MKR to SKY: What’s New? As announced over Twitter on Tuesday, SKY is an “upgraded version” of MKR obtainable by supplying USDS token to the Sky protocol through Sky.money. 1 DAI can be...

Bitcoin’s correlation with the U.S. equities market has been rising for more than a month, as seen in the collective plunge and rally across different asset classes during the Japanese yen crisis earlier this month and the Federal Reserve’s statements at the Jackson Hole symposium last week. According to the recent edition of the Bitfinex Alpha report, the Pearson Correlation metric, which measures the relative correlation of bitcoin (BTC) with the S&P 500 and the NASDAQ,...

The crypto market has a new token that’s beginning to turn heads. Crypto All-Stars (STARS) has burst onto the scene in recent weeks, with its ICO having just passed the $800,000 mark. But can STARS live up to the early hype. Meme Coins Bounce Back as Crypto All-Stars ICO Takes Off Meme coins are in the spotlight this week as the crypto market perks up. After a rough patch, these joke tokens are seeing green again, and everyone’s buzzing about what’s next. That’s where Crypto...

Investors are buzzing as the DAWGZ token prepares for its exchange debut this week. And one analyst has even tipped Base Dawgz (DAWGZ) to pump after it hits the open market. Base Dawgz – The Multi-Chain Meme Coin Taking Crypto By Storm Base Dawgz has had an impressive start to life. This digital dog coin is turning heads with its clever multi-chain strategy, which allows it to operate on Base, Solana, Ethereum, Avalanche, and BNB Chain. It’s like a crypto chameleon – ready...

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Andrei Grachev, managing partner of Web3 market maker DWF Labs, has purchased $500,000 worth of Toncoin to express support for Telegram founder Pavel Durov, who was recently detained in France. Grachev announced his decision on X (formerly Twitter). He stated that this was his way of showing solidarity with Durov during this challenging time. Grachev joins other influential personalities in the crypto fraternity that has been supporting Durov’s release through the hashtag #FreePavel. As for...

Bitcoin shifts as anticipation of Fed rate cuts fuels market confidence. Ethereum and Solana also rise as the market anticipates Fed policy changes. The potential of Federal Reserve rate cuts has sparked renewed interest in Bitcoin and other risk assets. Historically, low interest rates have benefited Bitcoin by increasing liquidity and promoting investment in high-risk assets. Recent FOMC minutes indicate future policy easing in favor of cryptocurrencies. Bitcoin is currently experiencing...

Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days. According to CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated the market, drawing in $543 million in...