Bitcoin has once again surged above $60k causing the entire cryptocurrency market to turn bullish with tokens like Orchid (OXT), Osmosis (OSMO), Peercoin (PPC), and Pendle (PENDLE) causing a buzz due to their price performance.

Amid the crypto market hitting a crossroads near the weekend, the altcoins market is ending the week on a minor recovery note. With the increasing chances of a breakout rally next week, many altcoins offer a simple buy low, sell high opportunity.

Pendle price has been on an uptrend for the past seven days, becoming the best-performing real-world asset (RWA) token in that sector. PENDLE gained a staggering 27% in a week, bringing its market cap to $547 million.

TL;DR Pendle's Expansion: Pendle, a DeFi protocol, has launched Bitcoin yield pools, allowing BTC holders to explore new yield strategies and broaden their options within the DeFi ecosystem.

The global cryptocurrency market cap rose early Thursday as upside momentum during the Asian trading hours pushed Bitcoin (BTC) to a one week high above $58,400. Several altcoins followed suit, with outperformers being Sui (SUI) and Artificial Superintelligence Alliance (FET). Amid broader market gains, Nano (XNO) and NEM (XEM) also rose.

The floating yields on the bitcoin-linked LBTC token are from pools that went live on Wednesday. There's also a fixed-yield option of an annualized 10%.

Pendle, a decentralized finance (DeFi) yield trading protocol, has made a significant leap by expanding into Bitcoin (BTC) yield options.

Pendle (PENDLE) has made a bold move into Bitcoin yields by launching a new BTC pool, offering Bitcoin holders enhanced yield trading opportunities. With the introduction of the LBTC x Corn Pool, Bitcoin enthusiasts can benefit from diversified strategies, including higher returns, fixed yields, and more trading options.

Pendle's BTC pools expansion diversifies DeFi opportunities, enhancing yield strategies and fixed yield trading for Bitcoin holders. The post Pendle expands yield opportunities for Bitcoin holders with new BTC pools appeared first on Crypto Briefing.

Decentralized Finance (DeFi) Protocol Penpie recently fell victim to an exploit that took millions of dollars worth of several crypto assets. Pendle, the protocol Penpie is based on, addressed the incident in a post-mortem post, revealing to have prevented further losses worth over $100 million in users' funds.

In a swift and coordinated response, DeFi project Pendle successfully protected approximately $105 million from a potential drain following a significant hack involving Penpie, an independent yield optimizer built on the Pendle ecosystem.

Pendle secured $105 million after a Penpie hack. Attacker exploited $27 million; funds converted into 11,109 ETH.

In a post-mortem published on Wednesday, the decentralized finance (DeFi) protocol Pendle claimed to have safeguarded around $105 million in funds.

Key points:

DeFi protocol Pendle says it saved around $105 million from being further drained following a $27 million hack of yield optimizer Penpie.

Bitcoin has recently faced a bit of turbulence, dropping from its previous high of $63,000. However, the analyst of Crypto Banter's The Sniper Trading show said that it's important to remember that the last low was around $49,000, and we are still maintaining higher lows, sitting comfortably at $59,000-$60,000.

Real World Assets domain cryptos are gaining attention steadily, and the upcoming September 2024 for MKR, ONDO, and, PENDLE, looks favorable for investment. Maker(MKR) MKR is loaded with positive fundamentals like the recent adoption by top crypto asset management Grayscale, which added MKR to its crypto investment list.

Real World Assets (RWA) Tokenization is gaining traction in the crypto market. If you're an investor looking to diversify your portfolio or explore new opportunities, this analysis highlights some of the most promising RWA altcoins to consider in September.

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Pendle, the decentralised finance protocol that's riding the tokenization wave across the crypto space, is one of the top-performing altcoins in the past 24 hours. The protocol's native token PENDLE, which offers holders access to the trading of future yield, was up 42% at the time of writing to hover near $2.75.

TL;DR ONDO's Performance: ONDO, the native token of Ondo Finance, one of the RWA cryptocurrencies, surged by nearly 37% in the last 24 hours, reaching a price of $0.71. Despite this short-term gain, ONDO has experienced a 25% decline from its August 1 price of $0.95.

After a significant drop yesterday, Bitcoin and the broader crypto market finally recovered remarkably.

The Pendle price prolonged its consolidation from last as the broader market witnessed a surge in supply pressure after Bitcoin reverted from $70000 on Monday—the renewed selling pressure in pressing the Pendle coin against multi-month support with potential for bearish breakdown. However, recent accumulations from prominent institutions signal a potential for reversal.

Pendle Finance, a prominent decentralized finance (DeFi) protocol specializing in yield trading solutions, is staging a strong recovery following a major security breach earlier this year. The incident, involving a malicious DNS redirect and domain hijack attempt, led to a temporary shutdown of Pendle's app.

As the crypto market takes a slow approach in the middle of the week, Bitcoin and other top altcoins are taking it easy. However, the low-cap altcoins amplify the minor upticks for a quick rise and breakout rally opportunities.

Despite the recent bounce in the market, there is enough opportunity as many altcoins remain majorly undervalued. Analyst Miles Deutscher said some altcoins could perform exceptionally well if the market gains momentum.

TL;DR TVL Recovery Efforts: Pendle, a yield trading protocol, is addressing a 40% decline in its TVL. To reverse this trend, Pendle has launched new liquidity pools on the Arbitrum network. Pendle-Karak Collaboration: In addition to the pools, Pendle has partnered with Karak Network.

The cryptocurrency market entered the second half of July on a bullish note as Bitcoin price projected a 4-day rally to reclaim the $62000 mark. The recovery momentum spread rapidly to the altcoin market and uplifted the Pendle coin to a $4.45 high while the market cap jumped to $691.5 Million.

Responding swiftly to the attack, the Pendle Finance team shut down their app after detecting a malicious DNS redirect. The PENDLE price is currently trading 14% up at $4.40 with a market cap of $681 million.

Pendle domain hijacking causes the website to go down; however, user funds are safe, and the protocol is unaffected.

Hackers targeted the websites of prominent decentralized finance (DeFi) platforms Celer and Compound Finance.

A significant crypto whale moved $3.8 million worth of PENDLE tokens to Binance earlier today.

Since last weekend, the cryptocurrency market has showcased a consolidation trend as digital assets try to stabilize from the recent sell-off. Amid the sideways action, the market sentiment saw a slight uptick on Monday as Bitcoin jumped 4% to revisit $58200.

Here is how some of your favorite assets concluded the week.

Here are the leading RWA cryptocurrencies to follow this month.

Pendle cryptocurrency has recently faced significant challenges amidst the broader volatility in the cryptocurrency market. This article provides a detailed analysis of Pendle's price movements, technical indicators, investor sentiment, and its future outlook in the evolving landscape of decentralized finance (DeFi).

If you invest $1,000 in PENDLE at its current price of $3.96, you will acquire approximately 252.53 PENDLE tokens. Should the price hit $40, your portfolio would skyrocket to $10,101.20.

Pendle Price Prediction: On Wednesday, the cryptocurrency market witnessed renewed supply pressure after a week-long consolidation. This minor relief in most of the major altcoins including Pendle resumed bearish momentum as Bitcoin price recorded a 4% fall today to plunge below the $60000 support.

Recently, Pendle (PENDLE) has encountered notable hurdles, with its price experiencing a decrease of 36% in the past month alone. With Bitcoin price also facing a downturn and trading today at $60,000, analysts are optimistic.

Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.

According to analyst Miles Deutscher, July is crucial for positioning in the market, with opportunities extending into August and September. Despite sideways market movements, significant opportunities exist, which can be seized, according to him. He plans to concentrate on altcoins with short to medium-term catalysts, strong narratives, and attractive price levels.

TL;DR TVL Plummets: Pendle Protocol, a DeFi platform, witnessed a 40% drop in total-value-locked (TVL) over the past week. From a peak of $6 billion in user deposits, it now stands at $3.7 billion due to massive outflows. Maturity and Airdrops: The decline is partly due to products reaching maturity, affecting Pendle's markets.

Pendle saw a 40% decrease in its total value locked, dropping from $6.18 billion on June 27 to $3.7 billion now.

Over the last week, Pendle, a popular DeFi protocol that led the EigenLayer boom, witnessed a 40% drop in the total-value-locked (TVL). At one point, Pendle had managed to gather more than $6 billion in user deposits but has now lost nearly one-third of that.

With the Bitcoin price taking a bounce back at the $60K support zone, the broader market anticipates an optimistic price movement this month. Further, the altcoins reveal a high momentum bullish trend in the low-cap sector that may soon surpass their all-time high levels.

Here is how some of your favorite assets concluded the week.

Ethena's USDe will grow its presence on Pendle and Aave. Ethena's USDe tries to build liquidity pairs on multiple protocols, to ensure its price stability and good reputation among traders.