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2024-04-30

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VanEck's Ethereum Strategy ETF on Track for CBOE Listing You might also like: Nigeria’s social payments app, Bundle, shutting down crypto exchangeLinqto To Reopen Pre-IPO Ripple Stock Investment Opportunity London Stock Exchange in talks with Indian tech firms to list overseasPrevailing Risks in DeFi Investments 1. Private ICO

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Source: A video screenshot, Youtube/Entrepreneur MEBinance CEO Changpeng Zhao believes decentralized finance (DeFi) can outshine centralized finance (CeFi) during the upcoming bull run. On September 1, the crypto boss hosted a live X Spaces event, during which he expressed his belief that DeFi has the potential to surpass CeFi in terms of trading volumes. “I think the more decentralized the industry becomes, the better,” Zhao said, suggesting that it may not be long before DeFi overtakes CeFi trading volumes, as it currently stands at around 5% to 10% of CeFi volumes. “DeFi is the future; the volume is somewhere between 5% to 10% of CeFi volumes, which is not small right [...] the next bull run may very well make DeFi bigger than CeFi.“The prediction aligns with recent developments in the cryptocurrency market. Following legal actions by the United States Securities and Exchange Commission (SEC) against major centralized exchanges Coinbase and Binance, the trading volume of the top three decentralized exchanges (DEXs) increased by 444% in 48 hours. The current 24-hour trading volume on DEXs stands at $722,776,226.Zhao also commented on the recent dismissal of a class-action lawsuit against decentralized protocol Uniswap. He described it as a positive and logical decision, emphasizing the importance of regulatory clarity. As reported, on August 30, the judge presiding over the case said he found no grounds to proceed with the lawsuit against Uniswap. The verdict arrived after an extended legal process leading back to April 2021 that scrutinized the specifics of Uniswap's operations and their alignment with financial regulations.Developers Cannot be Held Reliable for Misuse of DeFi ProjectsDuring the X Spaces session, a user mentioned a judge's decision stating that developers cannot be held liable for the misuse of DeFi platforms. Zhao echoed this sentiment, stating that the protection of developers is a positive development for the industry. He emphasized that writing code is a form of free speech and should be protected.“Developers writing code, that code is free speech. So the development is really good,” CZ stated.Recent data indicates a shift in investment patterns, with venture capitalists reallocating funds from CeFi projects to invest in the growing DeFi sector. A March report from CoinGecko highlighted that digital asset investment firms invested $2.7 billion in DeFi projects in 2022, marking a 190% increase compared to 2021.In contrast, investments in CeFi projects decreased by 73% to $4.3 billion during the same period. The report suggests that DeFi is emerging as the new high-growth area in the crypto industry, while CeFi may have reached a saturation point.Meanwhile, Binance has recently told users to convert their Binance USD (BUSD) tokens to other stablecoins before February 2024.The exchange encouraged users to trade or convert their BUSD balances for First Digital USD (FDUSD) — a stablecoin launched in June by the Hong Kong-based trust company First Digital Group which had its debut listing on Binance.It is worth noting that the market cap of BUSD has taken a hard hit following the regulatory clampdown. Since the start of the year, BUSD's market cap has plummeted by over 80%, dropping from $16.13 billion on February 9 to its current value of $3.1 billion.Uniswap Class Action Dismissed in Landmark Ruling for DeFi The Financial Conduct Authority (FCA) serves as the principal regulatory body in the UK's crypto sphere. While cryptocurrencies themselves remain largely unregulated, the FCA mandates registration for exchanges and closely oversees their operations. 11 Best Crypto Exchanges in Australia (Updated in Jun 2023)The six-person team is based out of Singapore and brings a wealth of experience. For example, the group has over 100 academic publications in Graph Analytics and Federated Learning. The Shiba Inu burn rate determines how many SHIB tokens are taken out of circulation over time. The higher the burn rate, the more tokens are destroyed. And the lower the burn rate, the fewer tokens are destroyed.

Has crypto failed to build an alt financial system? Is crypto straight up replicating centralized finance, now even more so by using traditional finance liquidity? Yes and no. Crypto is like water, it adapts to the shape of the glass. Should an institution want to add BTC to its balance sheet, it can — whether through an ETF or via self-custody off a P2P exchange. Should you want to live CEXless and own your coins in kind, you can. The Infinite Machine is now mature enough to take any shape assigned. To some, it’s not about breaking free of Wall Street, but about catering to it. To others, it’s about living the on-chain life. Although Litecoin's price has largely consolidated since the August halving event, its network hash rate has lately reached new all-time highs.Shiba Inu Leader Confirms New Incoming Journal, “The Shib” Dogecoin To PKR-Find Dogecoin Price In PKR TodayLil’ Pudgys are baby penguins with a variety of different outfits. When 3AC owned these particular NFTs, it never claimed them. U.S. lawmakers voted to declare the office of Speaker of the House of Representatives vacant on Oct. 3, marking the first time in the history of the United States the government body was without leadership. Representatives are scheduled to return to Congress on Oct. 11 to vote on a new Speaker, with reports suggesting that Republicans Jim Jordan and Steve Scalise were the leading candidates.

According to the Fibonacci retracement levels theory, following a significant price change in one direction, the price is expected to partially return to a previous price level before continuing in the same direction. “$2.7 billion has been laundered through cross-chain crime between July 2022 – July 2023.” Ethereum Price Roars Back: An Unexpected Surge Amid Market ConsolidationAn impressive comeback Scalability

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