DeFi - news, reviews, articles

2023-01-16 18:21:33 Trader Peter Brandt showed his forecast for BTC, according to which the rate will exceed $30k before the summer, and there will be a new high of $175k in 2025. All that's left to do is change the avatar to laser eyes

From the bottom, the FTT token of the infamous FTX has been adding 240% in the moment. It's unclear what these buyers are counting on, but Curly Sam approves, he needs money for lawyers ♂️

Cardano developers have decided they need their own algorithmic stablcoin. The token will be called Djed and could launch as early as this month. And then there are two ways, either kill the underlying asset like Do Kwon, or just rename the stablecoin like Waves

Top 3 in 24 hours:
Frax Share - $8.81 (↑30.59%)
Convex Finance - $4.85 (↑24.83%)
Decentraland - $0.683 (↑21.38%) Open / Comment

2023-01-15 17:44:35 Elon Musk complains again about the Fed's high rate

During the current financial crisis, Elon Musk changed his status from the richest man in the world, to the top 1 in the world for the amount of capital lost.

He brought up again the issue of Fed rate hikes, asking, what if monetary policy had been tightened in 2009? The billionaire also added that the higher the rate, the greater the decline.

Apparently Musk is not intimidated by the high inflation the Fed is fighting. He prefers to overtake it on rising stocks and a bit of bitcoin, just to get the printing press back on Open / Comment

2023-01-13 17:22:22 Ethereum will be rocked again

There was an Ethereum fork in September, but the bear market didn't let the charms of this update be fully felt. A few triggers under which ETH could plummet until mid to late March 2023:

- Deflation - Ethereum network activity has increased over the past week. Gas is holding above 15-17 Gwei. In a week, this will lead to deflation of ETH since the move to PoS, which will attract even more investor attention.

- There will be a Shanghai update in March, which will open the Ethereum stacking withdrawal. ETH could be hyped under this event, as it was before the fork in August.

- L2 blockchain hype growth. The number of active addresses on Arbitrum and Optimism is growing. TVL is on the rise. The popularity of superstructures will affect the growth of Ethereum itself.

- The resurgence of NFT. Trading volumes on Opensea are at a local bottom. But there are prerequisites for an NFT season from BAYC, Azuki, Memeland and other collections.

Important! The Fed is still planning to raise rates = strangle the economy. So don't expect a quick reversal, buy back only on pullbacks. Open / Comment

2023-01-11 21:36:04 According to analysts at Glassnode, Bitcoin's realized capitalization is down 18.8 percent from its peak. This is the equivalent of $88.4 billion in capital outflows and the second-largest decline in BTC history.

As a reminder, this figure takes into account the value of coins when they last moved. Accordingly, investors were quite active in fixing their losses and managed to sell at a loss. Open / Comment

2023-01-10 18:14:03 Breaking: Coinbase CEO Brian Armstrong Announces 20% Additional Layoff

https://bit.ly/3QwAW2I Open / Comment

2023-01-09 19:46:13 Is it worth buying tokens after listing on Binance?

The chart above shows statistics on token behavior 5 days before the listing announcement and 5 days after.

The average price increase for all coins on the first day after Binance listing was +41%.
By the third day the average increase from the listing announcement was +24%.
On average coins stayed in plus for 22 days after listing before going negative again.
The average maximum price within 30 days of listing was 73% higher than the day of listing.

Conclusion.

Basically, if you found out about a listing on Binance, the price has already made an average of +40% and there is no point in buying further. The exception: a no-name asset that will only become available on one exchange, as was the case with MAGIC. Open / Comment

2023-01-08 10:59:36 Main Events:

The Fed will not cut the rate during 2023 and may raise it even more. These are the conclusions that can be drawn from the minutes of the last meeting of the regulator, but so far the markets do not believe in it.

Inflation in the EU began to decline and amounted to 9.2% in December. The fall in oil prices and an abnormally warm winter helped. But the ECB is not going to slow down on tightening monetary policy.

Unemployment in the US is declining and this was seen as a good sign to avoid a recession. We will see...

Summary:

Optimists picked up at the end of the week and already 17% believe that on February 1, the Fed will not raise the rate at all. Next week, US inflation data will be released and the reporting season will start. Depending on these data, the position of the optimists may strengthen or the pessimists will seize the initiative.

Сourses:

S&P 500 - 3,895 (↑1.98%)
Gold - $1,865 (↑2.35%)
Oil Brent - $78.56 (↑8.57%)
USD INDEX - $103.91 (↑0.40%) Open / Comment

2023-01-06 17:14:21 Silvergate sold assets at a $700 million loss and laid off 40% of staff due to FTX collapse

The cryptocurrency bank was forced to sell assets and cover withdrawals of $8.1 billion. Silvergate postponed a plan to launch its own digital currency and wrote off $196 million it spent to buy Diem cryptocurrency from Facebook. And the stock price lost 45% on the premarket.

It remains to solve DCG's liquidity problem and we can start bulls in the ring Open / Comment

2023-01-04 22:23:36 The CEO of Bitcoin decided to fix the BTC price at $16,800 and make Bitcoin a stablecoin

“High volatility has been a problem for BTC. To be in line with the function of money, we have made the decision to stabilize the price until the next halving,” commented the CEO of Bitcoin. Open / Comment

2023-01-04 22:17:56 Just In: Coinbase To Pay $100 Million Fine In New York

https://bit.ly/3Z7kPMP Open / Comment