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Author: Zoe Mende

Crypto Market Update: April 1, 2024

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Overview The crypto market is buzzing with activity today, as investors and enthusiasts closely monitor the latest developments. From Bitcoin’s price fluctuations to emerging narratives, let’s dive into the key highlights shaping the decentralized finance landscape. Bitcoin and Ethereum News Bitcoin (BTC): The flagship cryptocurrency continues to dominate the market, with a current price of $78,500. Despite recent volatility, BTC...

Bitcoin, Blockchain, Cryptocurrencies, Ethereum, News

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Crypto Market Set for Takeoff? Analyst Predicts $1 Trillion Influx

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Summary: Matt Hougan, CIO of Bitwise Asset Management, predicts a massive influx of capital into the cryptocurrency market. He estimates $1 trillion could enter the space, dwarfing the current $12 billion invested through ETFs. This bullish forecast suggests growing institutional interest and potential mainstream adoption of cryptocurrencies. Matt Hougan, the Chief Investment Officer of Bitwise Asset Management, a leading...

Cryptocurrencies, ETF, Front page, News

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$11 Million Drain Rocks LRT Stablecoin Protocol

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Prisma Finance, a decentralized finance (DeFi) protocol, suffers a critical exploit resulting in over $11 million stolen. The attack targeted the platform’s LRT stablecoin, raising concerns about the security of DeFi protocols. Prisma Finance has paused operations to investigate the incident. Just as the DeFi space was grappling with the recent inquiry surrounding the Ethereum Foundation, another major setback has emerged....

Cryptocurrencies, DeFi, Stablecoins

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Aave Cuts Token Incentives – Can Borrowing Activity Keep Up?

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Aave, a cornerstone of Decentralized Finance (DeFi), has made a strategic shift that’s raising eyebrows across the crypto community. The platform, known for its robust lending and borrowing services, recently announced a significant reduction in its AAVE token rewards for lenders. This decision comes at a surprising time, as Aave is simultaneously experiencing a surge in borrowing activity. Let’s unpack this intriguing development...

Aave, Cryptocurrencies, DeFi, News

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DEX Screener Faces Scrutiny Over Racist Coin Listings

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DEX Screener, a go-to platform for users to explore and track trading activity on decentralized exchanges (DEXs), is facing criticism for listing memecoins that promote racist ideologies. These memecoins often feature offensive imagery and slogans associated with white supremacist groups. The presence of these coins on DEX Screener has sparked outrage within the cryptocurrency community, with many users questioning the platform’s...

Cryptocurrencies, DeFi, DEX, Front page

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