The adoption of Ethereum liquid restaking protocols like Lido and EigenLayer drove the decentralized finance (DeFi) total value locked to soar to $100 billion in the first quarter of 2024, igniting hopes for a potential “second DeFi Summer.”
While top altcoins Dogecoin and Solana struggle in the bearish crypto market, the new altcoin Rebel Satoshi Arcade, combining GameFi and NFTs, has sold nearly 80% of its presale tokens, showcasing strong investor interest and potential.
Crypto analysts Trend Rider and Alan Santana have expressed optimism about Cardano’s potential for a significant price surge, with Trend Rider suggesting that ADA could rally to $3 if it overcomes its current support level, while Santana believes Cardano won’t remain in the red forever.
According to Sen. Cynthia Lummis, co-author of the latest U.S. Senate’s stablecoin regulation proposal, Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under the proposed regulations, as U.S. consumers are likely to favor companies overseen by U.S. regulations.
Binance has announced the conversion of its Secure Asset Fund for Users (SAFU) into the USD Coin (USDC) stablecoin, a move aimed at enhancing the stability and security of its user protection fund during market volatility.
Canada plans to adopt the OECD’s Crypto-Asset Reporting Framework by 2026, imposing stringent reporting requirements on crypto asset service providers to enhance transparency and information sharing among international tax authorities.
Dogecoin’s latest surge driven by an Elon Musk tweet highlights the cryptocurrency’s reliance on celebrity influence and social media trends. In contrast, the newcomer Option2Trade (O2T) aims to revolutionize DeFi with its robust technological foundations and potential for 2000x growth.
Bitcoin’s value has dipped under the $60,000 mark, accompanied by traders liquidating over $115 million in positions within a 4-hour window, potentially driven by the imminent Bitcoin halving event.
Coinbase Wallet has integrated with the Solana decentralized exchange (DEX), allowing users to trade over 50,000 Solana tokens and increasing accessibility and liquidity in the Solana ecosystem.
The South Korean won has surpassed the U.S. dollar as the dominant currency for cryptocurrency trading globally, driven by fierce competition among domestic exchanges and a strong appetite for altcoins among South Korean traders.
