Ethereum TVL fell steeply in the second week of May due to decreased investor interest in decentralized finance and the entire crypto finance market. Ethereum has dominated the decentralized finance (DeFi) space for a long time. According to Be[In]Crypto research, the blockchain that controls DeFi has lost 36% in total value locked (TVL) since the first day of the year. On that day, Ethereum had a TVL of approximately $146.77 billion, and this decreased to around $93.9 billion on May 10,… Source link

Marathon Digital Holdings CEO Fred Thiel reacts to Bitcoin plummeting on ‘The Claman Countdown.’ Bitcoin’s price stabilized at around the $31,000 level. The cryptocurrency traded down for six straight days heading into Wednesday. GET FOX BUSINESS ON THE GO BY CLICKING HERE Bitcoin is down more than 22% over that time. Bitcoin illustration (iStock) For the month, bitcoin is off more than 19% and down more than 33% year-to-date. Other cryptocurrencies are showing signs of stabilizing as… Source link

A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger. The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his “Day One Thesis” was that SOL was his Ethereum hedge as he considers Solana the only potential “ETH killer.” He notes that SOL has less than 1/12th the market cap of ETH but “it’s doing a lot of stuff.” The analyst also outlines Solana’s potential advantages… Source link

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The Bitcoin 2022 conference brought over 25,000 attendees to Miami last month to discuss the future of the world’s largest cryptocurrency. The event, which attendees have described as “extravagant” and compared to a bacchanal, featured a now-notorious keynote speech by Peter Thiel in which the venture capitalist rallied Bitcoin supporters against a list of people whom he described as Bitcoin’s enemies, including Warren Buffet and Jamie Dimon. While Thiel’s speech grabbed a… Source link

Ethereum price bounces off the $2,200 support level after a 12% crash over the last three days. Investors can expect a retest of $2,541 before ETH crashes to $1,730 to collect the sell-stop liquidity. A three-day candlestick close above $3,079 will invalidate the bearish thesis by producing a higher high. Ethereum price has sealed its bearish fate after breaching the consolidation pattern’s lower trend line on May 6. This development has worsened the situation… Source link

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists. Are Your Investments Future-Proof? Maybe you want to transition to digital assets and invest in the crypto sphere, but the choices can be overwhelming. Trusted sources claim a total of more than 17,000 digital currencies. So how do you know you are investing in the right one? The answer is simple. Expert investors advise beginners… Source link

Litecoin price is undergoing a steep sell-off. Litecoin price severely oversold on the RSI. Invalidation of the bearish thesis is a breach at $101.  Litecoin price action spells for more price decline. A $60 price target is probable. Litecoin price aims for $60 Litecoin price is printing a huge bearish engulfing candle on the daily chart. Although an anticipated market reversal is hoped for, LTC price may land at lower targets before the market bottom… Source link

Last week, Yuga Labs’ massive Otherdeed NFT mint, for virtual land deeds in the Bored Ape Yacht Club metaverse realm Otherside, clogged the Ethereum mainnet with transaction demand. This triggered a gas war and network chaos that could have been prevented altogether, according to E.G. Galano, the co-founder and general manager of Ethereum infrastructure provider Infura. While Yuga Labs saw $561 million in trading volume in just 24 hours, the mint became the sixth-largest source of burned… Source link

Nassim Taleb attends the Digital Life Design (DLD) conference in 2009 in Germany. | Sean Gallup/Getty Images for Burda Media Just how risky is it to invest in digital assets? The ongoing rout in crypto markets is destined to renew that debate. It’s not just a question for individuals and money managers, but also for national policymakers, who are trying to figure out how much protection to offer retail investors. The easier it becomes for mom-and-pop investors to put… Source link