In simpler terms, PancakeSwap argues that decentralized finance, specifically decentralized exchanges, could expand their market presence more effectively by using capital more wisely. Chef Momo, the pseudonymous product manager of the DEX, told CryptoMoon: “Such initiatives promoting capital efficiency and composability will be pivotal in expanding the market share of DEXs. On April 8, PancakeSwap, … Read more
Some users of Ampleforth’s AMPL stablecoin have expressed concern over being unable to access their funds in the lending pool on Aave, a widely-used decentralized finance (DeFi) platform. This issue, which has prevented AMPL depositors from withdrawing their assets since late 2023, is specific to this particular pool. The other pools on Aave continue to … Read more
According to an on-chain indicator with a proven track record, Bitcoin (BTC) may be nearing the end of its larger bull market trend. The “rarely reached” multiplier of the number of days that have historically signaled past Bitcoin price peaks, known as Value Days Destroyed (VDD), has surpassed a significant threshold. VDD multiple hits “rare” … Read more
According to Joe Vezzani, CEO of social media analysis platform LunarCrush, despite the rising prices of Bitcoin (BTC) and other digital assets, retail investors remain skeptical and are not easily swayed by the current market hype. According to Vezzani’s assessment, social buzz and general public engagement with Bitcoin have been significantly lower than during the … Read more
ETH’s price fell briefly, with the altcoin valued at $3470 on 9 April Decline in price fueled an uptick in long liquidations Ethereum’s [ETH] long liquidations closed the trading session on 9 April at a weekly high of $59 million, according to Coinglass data. This occurred despite the recent volatility in the altcoin’s price. In … Read more
According to reports, the Hong Kong Securities and Futures Commission (SFC) is said to be speeding up its review of four proposed Bitcoin spot exchange-traded funds (ETFs) from various applicants. Based on reports from Tencent News, a regional news source, the initial approval for Bitcoin spot Exchange-Traded Funds (ETFs) is anticipated to occur by April … Read more