Berachain TVL surges above $3.2B, overtaking Base and Arbitrum
Berachain, a layer-1 blockchain, has recently made waves in the decentralized finance (DeFi) space by surpassing major players like Arbitrum and Base to become the sixth-largest DeFi network in terms of total value locked. This impressive feat is a testament to the platform’s growing popularity and its ability to attract users and assets.
With a total value locked of $3.26 billion, Berachain has firmly established itself as a force to be reckoned with in the DeFi landscape. This significant increase in value locked is a clear indication of the platform’s strong fundamentals and its potential for growth in the future.
One of the key factors contributing to Berachain’s success is its innovative layer-1 technology. This blockchain solution offers a high level of scalability, security, and interoperability, making it an attractive option for DeFi projects and users. Additionally, Berachain’s low transaction fees and fast processing times have also played a crucial role in its rise to prominence.
Another factor that sets Berachain apart from its competitors is its focus on user experience. The platform’s user-friendly interface and intuitive design make it easy for both experienced and novice users to navigate and participate in the DeFi ecosystem. This has helped to attract a diverse range of users, further driving the platform’s growth.
Berachain’s success also highlights the increasing demand for decentralized finance solutions and the potential for further growth in this sector. As more users and assets flow into the platform, we can expect to see Berachain climb even higher in the rankings and solidify its position as a leading DeFi network.
In conclusion, Berachain’s recent surge in total value locked is a significant milestone for the platform and the DeFi industry as a whole. With its advanced technology, user-friendly interface, and growing popularity, Berachain is well-positioned to continue its upward trajectory and make a lasting impact in the world of decentralized finance.
$90K Bull market support retest? 5 Things to know in Bitcoin this week
Bitcoin traders are on edge as the market continues to show signs of bearish momentum, with fears of a return to previous price range lows looming. Despite a brief surge in price earlier this month, Bitcoin has struggled to maintain its momentum and has been unable to break through key resistance levels.
As the monthly close approaches, traders are closely watching the market for any signs of a potential turnaround. However, market inertia seems to be keeping the bears in control, with Bitcoin struggling to gain any significant upward momentum.
This lack of bullish movement has caused concern among traders, who fear a return to the previous price range lows of around $30,000. This level has acted as a strong support in the past, but if it is broken, it could open the door for further downward movement.
The recent market volatility has been attributed to a number of factors, including regulatory crackdowns in China and the United States, as well as concerns over the environmental impact of Bitcoin mining. These factors have caused uncertainty and hesitation among investors, leading to a lack of buying pressure in the market.
Despite these challenges, many experts remain optimistic about the long-term prospects of Bitcoin. They point to the growing adoption of cryptocurrency by major institutions and the increasing interest from retail investors as signs of a strong future for Bitcoin.
In the short term, however, traders are advised to proceed with caution and closely monitor the market for any potential shifts in momentum. As the monthly close approaches, all eyes will be on Bitcoin to see if it can break out of its current range and regain its bullish momentum. Until then, traders will have to navigate the market with caution and patience.
US Bitcoin ETFs lose $1.14B in two weeks amid US-China trade tensions
The recent market volatility and global economic uncertainties have taken a toll on the US Bitcoin ETFs, with a staggering $1.14 billion in outflows over the past two weeks. This is the largest outflow since the launch of these ETFs, indicating a significant shift in investor sentiment.
The rise of trade tensions between the US and China, coupled with concerns over monetary policies, has caused a ripple effect in the financial markets. As a result, investors are turning to traditional safe-haven assets like gold, causing a decline in demand for Bitcoin ETFs.
The outflows from Bitcoin ETFs have also been attributed to the recent dip in the price of Bitcoin. The world’s largest cryptocurrency has seen a significant drop in value, falling below the $10,000 mark for the first time in months. This has caused panic among investors, leading them to pull out their investments from Bitcoin ETFs.
The decline in demand for Bitcoin ETFs is a clear indication of the impact of external factors on the cryptocurrency market. While Bitcoin has been known for its volatility, the recent events have highlighted the need for a more stable and regulated investment option.
Despite the outflows, experts believe that the long-term prospects for Bitcoin and other cryptocurrencies remain strong. The underlying technology and potential for growth in the digital asset space continue to attract investors. However, in the short term, the market is likely to remain volatile, and investors need to be cautious with their investments.
In conclusion, the recent outflows from US Bitcoin ETFs serve as a reminder of the impact of external factors on the cryptocurrency market. As the market continues to evolve, it is essential for investors to stay informed and make informed decisions to navigate through the volatility.
Raydium token RAY ‘falling off a cliff’ as Pump.fun rumored as testing AMM
Raydium, a popular decentralized exchange (DEX) on the Solana blockchain, has recently experienced a significant drop in its token price. This came after an onchain investigation revealed that a new protocol, called Pump.fun, was being developed. The potential impact of this protocol on Raydium’s revenue has caused concern among investors, resulting in a 25% decrease in the token’s value.
The news of Pump.fun’s development has sparked discussions within the crypto community, with many speculating about its potential effects on Raydium’s revenue streams. Some believe that this new protocol could pose a threat to the DEX’s current business model, which relies heavily on fees generated from liquidity providers.
Pump.fun is said to be a decentralized protocol that allows users to create and participate in pump and dump schemes for various tokens. This means that users can artificially inflate the price of a token and then quickly sell it for a profit, leaving other investors with losses. If this protocol gains traction, it could potentially divert liquidity away from Raydium, resulting in a decrease in revenue for the DEX.
The impact of Pump.fun on Raydium’s revenue remains to be seen, as the protocol is still in its early stages of development. However, the news has caused a stir in the crypto market, with many closely monitoring the situation. Some investors have even started to sell off their Raydium tokens, fearing the potential consequences of this new protocol.
Despite the drop in its token price, Raydium remains a popular DEX on the Solana blockchain, with a strong community and a wide range of trading pairs. The team behind Raydium has yet to comment on the development of Pump.fun, but it is likely that they are closely monitoring the situation and considering potential solutions to mitigate any potential impact on their revenue.
In the fast-paced world of cryptocurrency, developments like this can have a significant impact on the market. As the situation with Pump.fun continues to unfold, it will be interesting to see how Raydium and the wider crypto community respond.
Hong Kong investment firm’s board gives nod to more Bitcoin buying
HK Asia Holdings Limited, an investment firm based in Hong Kong, has been making waves in the financial world after its recent purchase of Bitcoin. The company’s shares have nearly doubled in value since the purchase, and it seems that they are not done yet. In a bold move, HK Asia Holdings Limited has just announced that they have acquired an additional 7 BTC, solidifying their position as a major player in the cryptocurrency market.
The decision to invest in Bitcoin was a strategic one for HK Asia Holdings Limited. With the current economic climate and the uncertainty surrounding traditional investments, the company saw an opportunity to diversify their portfolio and potentially reap significant returns. And it seems that their gamble has paid off, with their initial purchase of Bitcoin already yielding impressive results.
But what sets HK Asia Holdings Limited apart from other investment firms is their forward-thinking approach. While many companies are still hesitant to embrace cryptocurrency, HK Asia Holdings Limited saw the potential in Bitcoin and acted quickly. This move not only showcases their confidence in the digital currency, but also their ability to adapt and stay ahead of the curve in a constantly evolving market.
The recent surge in Bitcoin’s value has sparked renewed interest in the cryptocurrency, with many investors looking to get in on the action. And with HK Asia Holdings Limited’s latest purchase, it’s clear that they are positioning themselves as a major player in the world of cryptocurrency. This move not only benefits the company, but also serves as a testament to the growing legitimacy and potential of Bitcoin as a viable investment option.
As the world continues to navigate through uncertain times, it’s refreshing to see companies like HK Asia Holdings Limited taking bold steps and embracing new opportunities. With their latest purchase of Bitcoin, they have solidified their position as a forward-thinking and innovative investment firm, and it will be exciting to see where their journey with cryptocurrency takes them next.
Bybit stolen funds likely headed to crypto mixers next: Elliptic
The notorious hacking group known as the Lazarus Group has struck again, this time targeting the cryptocurrency world. According to reports, the group has managed to steal a significant amount of digital assets, leaving many in the industry concerned about the potential consequences.
The Lazarus Group, believed to be based in North Korea, has a history of targeting various industries and organizations, including banks, government agencies, and now, the cryptocurrency market. Their tactics involve sophisticated cyber attacks, often using malware and phishing techniques to gain access to sensitive information and funds.
In this latest attack, the group has reportedly stolen a large amount of cryptocurrency, leaving many wondering what their next move will be. In the past, the Lazarus Group has been known to use mixers to obfuscate their stolen funds, making it difficult to trace and recover. However, with the sheer volume of stolen assets, this may prove to be a more challenging task for the group.
Mixers, also known as tumblers, are services that mix different transactions together, making it difficult to trace the original source of the funds. This method has been used by cybercriminals to launder money and hide their illegal activities. With the rise of cryptocurrency, mixers have become a popular tool for hackers to cover their tracks.
The use of mixers by the Lazarus Group is not a new tactic, and it is likely that they will continue to use this method to try and evade detection. However, with the increasing awareness and efforts to combat cybercrime in the cryptocurrency world, it may prove to be more challenging for the group to successfully launder their stolen funds.
As the investigation into this latest attack continues, it serves as a reminder for individuals and organizations in the cryptocurrency market to remain vigilant and take necessary precautions to protect their assets. With the constant threat of cyber attacks, it is crucial to stay informed and implement strong security measures to safeguard against potential threats.
Only 44% of US Bitcoin ETF buying has been for hodling — 10x Research
According to Markus Thielen, the founder of 10x Research, the hype surrounding Bitcoin as a long-term investment may not be as significant as it is portrayed in the media. While many people have jumped on the Bitcoin bandwagon, believing it to be a lucrative and secure investment, Thielen suggests that the demand for Bitcoin as a long-term asset may not be as high as we think.
Thielen’s statement comes at a time when Bitcoin has been making headlines for its record-breaking price surge. With its value reaching an all-time high of over $60,000, many investors have been flocking to the cryptocurrency in hopes of making a quick profit. However, Thielen believes that this demand may not be sustainable in the long run.
In an interview with 10x Research, Thielen explains that while Bitcoin has gained popularity as a speculative asset, its use as a long-term investment may not be as widespread. He argues that the media’s portrayal of Bitcoin as a must-have asset for long-term investment may be exaggerated, and the actual demand for it may be significantly smaller.
Thielen’s research suggests that the majority of Bitcoin holders are short-term investors, looking to capitalize on its volatile nature and make a quick profit. This trend is further supported by the fact that Bitcoin’s average holding period has decreased from over 3 years to just 17 months in recent years.
While Bitcoin has proven to be a profitable investment for many, Thielen’s insights shed light on the potential risks associated with investing in the cryptocurrency. As with any investment, it is crucial to do thorough research and understand the market before making any decisions.
In conclusion, while Bitcoin may continue to dominate headlines and attract short-term investors, its demand as a long-term asset may not be as significant as we think. Thielen’s research serves as a reminder to approach Bitcoin and other cryptocurrencies with caution and to not get swept up in the hype without fully understanding the risks involved.
Crypto exchange Bybit buys $742M of Ether: Lookonchain
According to recent reports from blockchain analytics firm Lookonchain, cryptocurrency exchange Bybit has made a significant investment in the popular digital currency, Ether. The exchange reportedly purchased a whopping $742 million worth of Ether in just two days, between February 22nd and 23rd.
This news comes as no surprise, as Bybit has been steadily gaining popularity in the cryptocurrency market. With its user-friendly interface and advanced trading features, the exchange has attracted a large number of traders and investors. And now, with this massive investment in Ether, Bybit is solidifying its position as a major player in the industry.
But what exactly does this mean for the future of Ether and the cryptocurrency market as a whole? Some experts believe that Bybit’s significant purchase could have a positive impact on the value of Ether, as it shows a strong belief in the currency’s potential. This could potentially lead to an increase in demand for Ether, driving up its price and making it a more valuable asset.
Furthermore, Bybit’s investment in Ether also highlights the growing interest in cryptocurrencies among traditional financial institutions. As more and more companies and institutions begin to recognize the potential of digital currencies, we can expect to see even more significant investments in the future.
But it’s not just about the numbers and the potential impact on the market. Bybit’s decision to invest in Ether also speaks to the company’s commitment to innovation and staying ahead of the curve. By embracing new technologies and assets, Bybit is positioning itself as a leader in the ever-evolving world of cryptocurrency.
In conclusion, Bybit’s recent purchase of $742 million worth of Ether is a significant development in the cryptocurrency market. It not only showcases the exchange’s confidence in the currency but also highlights the growing interest in digital assets among traditional financial institutions. As the market continues to evolve, we can expect to see more exciting developments and investments from companies like Bybit.