The post DeFi Holding up Unusually Well in Down Market: Bitwise appeared on BitcoinEthereumNews.com.
Decentralized finance (DeFi) tokens have held up unusually well against Bitcoin over the past month, suggesting the market may be “quietly re-rating” the sector, says crypto index fund maker Bitwise. Bitcoin (BTC) fell about 22% in June, while Bitwise’s index tracking tokens from major DeFi protocols fell only 4% over the same period, Bitwise said in a report Thursday. “DeFi usually swings much harder than Bitcoin, so holding up this well is unusual, and almost no one is talking about it,” it said. DeFi tokens have a reputation for being highly volatile during crypto market swings, as they’re the first to be sold by risk-averse traders. However, Bitwise said this is changing as traditional institutions have begun to use the protocols, which have stabilized the wider DeFi ecosystem. “We think DeFi is quietly re-rating,” Bitwise said. “Token economics are improving, the gap between usage
The post Why Is Bitcoin Price Up Again Today? appeared on BitcoinEthereumNews.com.
The crypto market is closing out the week on firmer footing. $BTC is climbing back toward a closely watched level as regulatory optimism in the US and a major traditional-finance move offset lingering worries over ETF flows and macro pressure. Here is a breakdown of the crypto news today and what is moving the bitcoin price. What Is the Bitcoin Price Today? The btc price today sits at roughly $63,950, up around 1.2% over the past 24 hours and about 4% across the week, extending a rebound from late-June lows near $58,000. That run brings $BTC within reach of $64,000, a level it briefly cleared earlier in the week before easing back. Bitcoin price today in USD The recovery has firmed even as its footing stays thin. Institutional futures activity has thinned and downside options protection has turned unusually expensive, leading some derivatives traders to read the setup as a late-stage washout rather than
The post XRP price jumps 2% on bitcoin strength as buyers push through $1.10 resistance appeared on BitcoinEthereumNews.com.
• The main breakout came around 01:00 UTC, when volume jumped to 43.51 million XRP, about 88% above the 24-hour average. • The move carried XRP to an intraday high of $1.1065 before price stabilized near $1.1020-$1.1040. • A later 60-minute spike reached 14.17 million in volume, pushing XRP from $1.0958 to $1.1052 before profit-taking slowed the move. Technical Analysis • The key development is that XRP cleared the $1.0950-$1.1000 area after several sessions of range-bound trading. • The breakout was supported by volume, which gives the move more weight than the earlier low-volume attempts above resistance. • Higher lows through the session show buyers are stepping in earlier, with $1.0880 acting as the main support level during pullbacks. • The post-breakout hold near $1.1020-$1.1040 is constructive because XRP did not immediately lose the $1.10 area after the s
The post Here’s why Uniswap is betting on execution over higher LP incentives appeared on BitcoinEthereumNews.com.
Competition among decentralized exchanges is increasingly forcing protocols to rethink the incentives that originally fueled DeFi’s rapid expansion. In fact, Uniswap [UNI] has become the latest to test that transition after proposing a reduction of up to 33% in V4 liquidity provider fee incentives. More importantly, Uniswap’s TVL stood at $3.02 billion while its monthly volume hovered near $36 billion at press time. This hinted at strong market leadership, despite intensifying competition from rival decentralized exchanges. Source: DeFILlama The proposal marks a clear departure from previous models. The V3 model used much higher percentages of each trade to incentivize early liquidity providers to quickly capitalize on its platform. Instead, the protocol believes that a lower cost of trading, tighter spreads, and better capital usage will result in a sufficient increase i
The post Hyperliquid Policy Center and Phantom call for DeFi specific CFTC regulations appeared on BitcoinEthereumNews.com.
Hyperliquid Policy Center and Phantom have urged the U.S. Commodity Futures Trading Commission to update its rulebook for onchain trading, arguing that existing regulations built for traditional financial markets do not fit decentralized infrastructure. Summary Hyperliquid Policy Center and Phantom have asked the CFTC to create rules tailored for onchain trading instead of applying legacy market regulations. The groups said developers of decentralized trading software and non custodial wallet providers should not face the same registration requirements as traditional intermediaries. The proposal comes as U.S. regulators review derivatives rules and CME continues its legal challenge over the CFTC’s treatment of crypto perpetual futures. According to a joint comment letter submitted on Thursday by the Hyperliquid Policy Center (HPC) and Phantom, the current regulato
Hyperliquid Policy Center and Phantom have urged the U.S. Commodity Futures Trading Commission to update its rulebook for onchain trading, arguing that existing regulations built for traditional financial markets do not fit decentralized infrastructure. According to a joint comment letter…
Bitcoin's correlation with USD/JPY highlights the need for crypto investors to consider forex dynamics, impacting diversification strategies.
The post Bitcoin remains strong in USD but lags in JPY amid Bank of Japan intervention fears appeared first on Crypto Briefing.
The post Bitdeer Invests $36 Million in First US Sealminer Factory as Bitcoin Mining Margins Stay Tight appeared on BitcoinEthereumNews.com.
Key Takeaways Bitdeer is building a $36M Nevada plant to produce 10,000 Sealminer units monthly by 2026. Sealminer efficiency targets weak mining margins as hashprice stays near historic lows. Bitdeer is expanding U.S. manufacturing and AI infrastructure to strengthen long-term growth. Bitdeer Targets 10,000 Monthly Sealminer Units With New $36 Million Nevada Factory Bitdeer is moving ahead with a major U.S. manufacturing push, breaking ground on a $36 million advanced electronics facility in Sparks, Nevada, even as bitcoin mining economics remain near historic lows. The 187,000-square-foot plant will be the company’s first domestic manufacturing and assembly site in the U.S. It is expected to be completed by the end of 2026 and is designed to produce 10,000 Sealminer units per month. Bitdeer said the project will create about 70 local jobs across
Bitdeer has begun construction on a $36 million electronics manufacturing facility in Sparks, Nevada, its first U.S. assembly site for Sealminer machines. Bitdeer Targets 10,000 Monthly Sealminer Units With New $36 Million Nevada Factory Bitdeer is moving ahead with a major U.S. manufacturing push, breaking ground on a $36 million advanced electronics facility in Sparks, […]
