Crypto markets added nearly 5% to overall capitalization in the past 24 hours after broader markets jumped on the decision to increase rates in the U.S. Author: Shaurya Malwa
First Mover Asia: Events in China, India Have Also Weighed on Crypto Prices
Investors may have been focusing on interest rate hikes and the economic fallout of Russia’s Ukraine invasion, but bitcoin has been subject to other headwinds; cryptos rise post rate hike. Author: Shaurya Malwa, Damanick Dantes, James Rubin
‘Revolution’ Promised by Tron’s Justin Sun Looks Like Clone of Terra’s Algorithmic Stablecoin
Tron, an Ethereum competitor blockchain, is the latest to launch an algorithmic stablecoin inspired by the success of Terra’s UST. It has lofty goals for USDD, but Tron’s lackluster track record of luring people to use its blockchain raises doubts. Author: Krisztian Sandor
Lido Briefly Becomes Top DeFi Protocol by TVL With $20B Staked
Lido Finance momentarily became the leading DeFi protocol by TVL on Wednesday, leapfrogging Curve. Author: Oliver Knight
Argo Blockchain Borrows $70M From NYDIG to Buy Mining Rigs
The loan brings Argo’s debt to build out its 200 MW Helios facility in Texas to $97.2 million. Author: Eliza Gkritsi
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