With the US Federal Reserve cutting interest rates by 50 basis points on September 18, the crypto market is preparing for an upward thrust. However, a few top altcoins have already surged quite a bit in anticipation of the rate cuts.
The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green.
Singapore, Singapore, 18th September 2024, Chainwire
All but two assets were trading lower as the index dropped 1.6%
Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.
As Bitcoin bulls reemerged to push the flagship digital asset above $61k for the first time in nearly three weeks, a few altcoins basking in upbeat sentiment rocked significant gains. In the top 100 coins by market cap, Immutable (IMX), Celestia (TIA), and Bittensor (TAO) jumped more than 14% each to lead.
dYdX's move into prediction markets could significantly boost DeFi's appeal and market share by offering unique, leveraged trading opportunities. The post dYdX prepares to bring perpetual futures to prediction markets appeared first on Crypto Briefing.
dYdX is expanding into prediction markets with perpetual futures, introducing permissionless market listings. CEO Charles d'Haussy emphasizes the need for distinct features in DeFi.
Uniswap (UNI) price appears to be on the cusp of a rebound, with early signs of bullish activity emerging. Recently, the cryptocurrency has faced a downward trend.
The Cross-Chain Liquidity Operator (CCLO) is like a magic bridge that helps Uniswap work better across different blockchain networks. Here's what you need to know about this development for Uniswap and Chainlink.
Uniswap ended its four-year unlocking schedule, while aiming for better UNI utility and the potential to share its significant fees. UNI tokens have been pressured by selling in the past years, but remain bullish for a revival of DeFi and DEX activity.
UNI fully unlocked! But only 25% are in circulation as big holders like a16z wait for a breakout.
Decentralized finance needs to develop a unique offering relative to centralized venues, dYdX Foundation CEO Charles d'Haussy said.
Despite full unlocking, only 25.83% of UNI tokens are actively circulating in the market. UNI is trading at $6.47 by 1.945 increase, with a market cap of $3 billion.
Market downturn pushes traders towards stablecoins as Bitcoin breaches critical support, impacting the broader altcoin market.
A leading decentralized exchange built on the Ethereum blockchain, Uniswap is facing allegations that it accepts bribes to allow protocols on its platform. Hayden Adams, the CEO of Uniswap Labs, has addressed these claims, aiming to clarify the situation and reinforce the platform's commitment to a fair and transparent process.
The crypto market resumes its bounce as sentiment turns bullish ahead of an anticipated rate cut. Kaspa (KAS), one of the week's top altcoin gainers, soared past $0.16 and has been tipped for a rally past $1. As one of the most bullish altcoins, it is a promising wave to take advantage of.
Uniswap Labs CEO Hayden Abrams has refuted claims that the platform charges $20 million for protocol deployments, calling them “completely false.” Abrams, who said he rarely engages with individuals seeking attention, explained that protocol deployments typically follow a governance vote.
Uniswap (UNI) price has recently experienced a surge, reflecting a bullish market trend. The cryptocurrency trades above a crucial support level, indicating a strong momentum shift.
Uniswap (UNI) investors are always on the lookout for the next big opportunity. Recently, many of these investors have turned their attention to the upcoming Mpeppe (MPEPE) gambling ICO, which is being touted as a project with massive growth potential.
Uniswap (UNI) is on the verge of a potential breakout as it trades within an ascending triangle pattern. This technical formation suggests that UNI could be gearing up for a significant price increase.
Kujira and its partner join the Rujira Alliance to create a new DeFi app layer for THORChain.
Uniswap Protocol CEO Hayden Adams challenged allegations that the decentralized cryptocurrency exchange takes bribes to allow deployments on its platform.
A recent controversy surrounding Uniswap's deployment costs erupted on Twitter, where allegations were made against Uniswap's financial dealings with Layer 2 (L2) platforms.
The reaction comes after users took to X to complain about Uniswap asking for as much as $20 million for protocol deployment.
The DEX sector is thriving, as trading volumes hit $140 billion last month, highlighting the appetite for decentralized trading solutions.
TL;DR PancakeSwap launches its first prediction bot on Telegram to predict BNB prices. The celebration campaign includes a drawing for $4,444 in rewards on September 22. The bot allows predictions to be made every 5 minutes with a minimum stake of 0.001 BNB.
Cryptocurrency prices and stock indices retreated slightly after the U.S. published encouraging Consumer Price Index data. Uniswap, ICP, AAVE rise, Bitcoin retreats Bitcoin (BTC) retreated to $56,600, while the total market cap of all cryptocurrencies fell to $2 trillion.
Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.
As of September 2024, Uniswap's price stands at $6.53, with a market capitalization of approximately $3.92 billion. The circulating supply of UNI tokens is around 600 million, and its 24-hour trading volume is $100.11 million.
Bitcoin (BTC) briefly hit $58,000 early in today's session, but selling pressure forced the price back below $57,000. The world's largest cryptocurrency continues to face resistance at upper levels, causing bulls to lose momentum.
dYdX has announced the integration of the Keplr Wallet, allowing over 1 million users to access its decentralized trading platform across more than 130 markets. This collaboration between dYdX Chain and Keplr simplifies the onboarding process, letting users connect their wallets and start trading in just three clicks.
The Uniswap (UNI) community is buzzing with excitement as Mpeppe (MPEPE) prepares for its highly anticipated launch on the decentralized exchange. With the growing momentum behind Mpeppe (MPEPE), many investors are eager to see how the coin will perform once it becomes available on Uniswap (UNI).
TL;DR Kujira merges with major ecosystem projects to form the Rujira Alliance, aiming to expand THORChain's capabilities and reach. Rujira Alliance to revolutionize DeFi by integrating member strengths, enhancing user experience, and providing seamless access to DeFi services. Introduction of a new native token to facilitate transactions and incentivize participation, driving further engagement and investment in THORChain.
Keplr's integration with dYdX will allow Keplr users to interact directly with dYdX's decentralized trading platform while retaining full control of their assets.
Uniswap price is sporting a bullish reversal pattern despite being subject to regulatory scrutiny from the United States Securities and Exchange Commission (SEC). Meanwhile, the first-ever congressional hearing focused on DeFi will occur today at 10 a.m.
DeFi project Kujira merged with three ecosystem partners to create an alliance to build THORChain's app layer, backed by a new token.
Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges.
As the crypto market stabilizes, top altcoins have successfully regained momentum by adding significant value to their respective portfolio within a short period. Following this, the Uniswap price records a jump of over 11% in the past seven days.
Uniswap (UNI) is once again making headlines as it experiences a price surge following a significant legal settlement with the U.S. Commodity Futures Trading Commission (CFTC). This surge is renewing excitement around the decentralized finance (DeFi) world and fueling interest in the new projects that are set to launch on the platform.
The decentralized finance (DeFi) world continues to expand as new projects leverage the power of Ethereum's decentralized exchanges (DEXs). Recently, Uniswap (UNI) has seen a significant uptick in trading volume, driven by both its settlement with the Commodity Futures Trading Commission (CFTC) and the anticipation of new projects launching on its platform.
Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.
Amid the broader volatility, the DeFi tokens are making news with a potential breakout rally ahead. With the Uniswap team under pressure from the CFTC team and the fine of $175,000, PancakeSwap takes an interest in smart money.
Bitcoin remains below $55,724 support, but the selling may be reducing, increasing the possibility of a relief rally in UNI, SUI, OP and HNT.
Transaction volume in Ethereum decentralized exchanges bounced back even as cryptocurrency prices retreated. Ethereum DEX had robust activity According to DeFi Llama, the volume in Ethereum (ETH) rose by 18% to $9.88 billion as that in other chains retreated.
Uniswap [UNI], one of the most popular decentralized finance (DeFi) platforms, has recently broken out of its bearish pattern, offering hope to investors. After testing key support levels between $5.5 and $5.7, the altcoin displayed signs of a potential recovery, with buyers showing renewed interest.
THORChain recently underwent a hard fork, but it wasn't enough for the bulls to gain control of the market.
This week's Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX's repayment plan.