Hoooorrayyyy!!! Profit for everyone in the crypto market today, which today is a sea of green in these choppiest of choppy waters.
Coins that power decentralized finance protocols performed the best, but in a day of profit for all that concludes a week of heavy casualties, it’s difficult to say that any coin performed the worst. At a push, Tezos, which fell by 3% today.
Let’s focus on the gains—Decrypt is a glass-half-full publication, even if we decline to disclose the frothy, noxious liquid with which we fill that glass. In the past 24 hours, Bitcoin's price rose by 1.6%, Ethereum's by 7.76% and Polkadot by 0.76%.
DeFi coins performed swimmingly. Aave rose by 20.88% to $238.1, Uniswap by 18.2% to $10.55, Synthetix to 12.99% to $16.08 and SushiSwap by 13.84% to $7.93.
Chainlink, yesterday’s winner that hit a new all-time high of $25, slunk down to $23.98 today and increased by just 0.63% in the past 24 hours. Chainlink powers a decentralized oracle network.
Altcoins are always more volatile than the rest of the market, in part because of their small market cap. Also, because their fate is tied to Ethereum, the platform that houses their smart contracts, and to Bitcoin, the largest cryptocurrency by market cap that sways the entire market.
Bitcoin has had a horrible week. The coin’s price hit lows of $28,900 earlier this week, its lowest price since January 4. The trouble stems from a (debunked) myth about a double-spend glitch, where it was thought that the same Bitcoin had been spent twice. This spooked the market and caused software company NexTech AR Solutions to sell off 130 bitcoins, or roughly $4 million.
On closer inspection this is likley to be an instance of RBF, where the lower fee transaction won
Livestreaming with an attached meme coin was popularized this year after a mom promised sexual acts if her apparent son’s meme coin, called LiveMom, hit specific market caps.
Despite promising to pour milk over her “36DDs,” the same ones her son allegedly “actually suckled on,” the pair ghosted with nothing really crazy going down.
But clearly, some degens saw the viral sensation this became and tried to capitalize on it.
Quickly, a flurry of copycat tokens launched, including LiveSis, countles...
Top college football prospect Matai Tagoa’i is set to join football stars like Russell Okung, Odell Beckham Jr., and Trevor Lawrence by receiving his compensation in Bitcoin.
The linebacker will be paid part of his earnings via the Strike app after signing a “name, image, and likeness” (NIL) deal with the University of Southern California (USC).
The exact details of his package are not known, but some college football players, such as Shedeur Sanders, have received estimated payouts of up to $4....
The world’s largest asset manager BlackRock just debuted a new advertisement proselytizing the virtues of Bitcoin, but rather than cheer on the Bitcoin ETF issuer for its efforts, Bitcoiners aren’t happy.
The video, which is housed on the iShares Bitcoin Trust (IBIT) ETF page on BlackRock’s website, spends three minutes walking viewers through the evolution of money and key fundamentals of Bitcoin.
One of those fundamentals is Bitcoin’s 21 million fixed token supply.
While the video explains t...