Author: Zoe Mende
Renzo’s Restaked Ether (ezETH) experienced a depeg to $700, causing significant liquidations across DeFi platforms.
Gearbox and Morpho Labs were among the platforms affected by the depegging event.
The depeg was primarily attributed to the end of Season 1 of Renzo’s airdrop.
Renzo Protocol, the second-largest liquid re-staking protocol, holds $3.3 billion in total value locked (TVL).
DeFi Platforms Gearbox and Morpho...
Crypto Market Update: Insights and Trends for April 23, 2024
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Bitcoin and Ethereum
Bitcoin, the pioneer of cryptocurrencies, recently completed its halving process. This significant event, which occurs roughly every four years, reduces the rate of new token creation. As a result, Bitcoin’s value experienced a slight dip, settling at $66,340. The halving makes it more expensive for miners to introduce new bitcoins into circulation. While some view this as a bullish sign, skeptics remain cautious, considering...
Crypto Market Update: Key Trends and Insights for April 22, 2024
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State of the Crypto Market
The total cryptocurrency market cap currently stands at a staggering $1.34 trillion. Trading volumes have reached $56.8 billion in the last 24 hours, reflecting the market’s robust activity. But what’s driving this frenzy? Let’s break it down.
Bitcoin and Ethereum: The Titans
Bitcoin (BTC) remains the undisputed king, with a market cap exceeding $1.26 trillion. Its recent surge has been fueled by institutional...
Bitcoin, Blockchain, Cryptocurrencies, DeFi, Ethereum, News, NFTs
Bitcoin Network Fees Soar as Runes Launch Nears
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Bitcoin network fees increase significantly as Runes launch and halving event nears.
Runes protocol set to launch at Bitcoin block height 840,000, coinciding with halving.
Transaction fees on the Bitcoin network quadruple in the past week.
Runes expected to introduce new fungible token standard, leading to a scramble for minting.
Bitcoin halving event is scheduled to occur on April 20, cutting miner rewards in half.
The Bitcoin...
Crypto Market Update: April 19, 2024
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Overview
The crypto market is buzzing with activity today, as investors and enthusiasts keep a close eye on the latest developments. From Bitcoin’s halving event to emerging narratives, let’s dive into the key highlights shaping the decentralized finance landscape.
Bitcoin and Ethereum: The Titans
Bitcoin and Ethereum remain at the forefront of the crypto world. Bitcoin, the digital gold, is currently trading at $64,403.82,...