Podcast: Embed
Bitcoin Price Holds Above $59,000 As Bulls Plan Final Rally To $70,000
Bitcoin Price resumes its ascent above $62,000, as bulls anticipate further record highs. Aside from a sell signal from the MACD, the short-term technical picture for BTC appears to be good. Bitcoin price just reached a new all-time high as a result of the anticipation around the approval of the first BTC futures ETF.
Dogecoin (DOGE) gains 8% after Elon Musk refers to it as the “People’s Cryptocurrency.”
While the broader cryptocurrency market has entered a period of significant consolidation; mem crypto Dogecoin(DOGE) has made a strong surge after Elon Musk; referred to it as the “people’s cryptocurrency.” Musk recently stated why he supports DOGE after referring to it as “people’s crypto” in a Tweet response.
DeFi activity on Solana (SOL) has recently reached an all-time high
According to data from DeFi Llama, the total value locked of all assets on the blockchain has already reached $12.7 billion for Solana(SOL)-based decentralised finance (DeFi) protocols. Surprisingly, prior to the spike in interest in DeFi applications on Solana, the network’s TVL had never topped $1.5 billion.
Polygon Successfully Avoids Potential Catastrophic Loss of Up To $850 Million
Polygon(MATIC) has offered the highest bug reward in DeFi; history to a white hat hacker who discovered a potentially deadly flaw. The $2 million was paid for raising the network’s attention to a potential defect; that might have resulted in losses of up to $850 million. In recent months, DeFi has been heavily chastised for its security.
Reactivated Ethereum pools cause a 78% increase in the price of THORChain
THORChain(RUNE) appears poised to prolong its gains following the reopening of Ethereum(ETH)-based pools, which resulted in a 78% increase last week. Earlier this year; THORChain was subjected to a series of protocol exploits; which resulted in the loss of $8 million from its reserves; and these successive attacks had a significant impact on the RUNE price.
