Wrapped Bitcoin supplied on Aave hits record high despite backing fears

September 26, 2024 Coin Telegraph

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WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.

Wrapped Bitcoin (WBTC) supplied on decentralized lending platform Aave hit an all-time high despite anxieties around the Bitcoin (BTC) wrapper’s backing, according to data from Dune Analytics.

Aave’s WBTC supply on the Ethereum network broke 37,000 in September, or more than $2 billion at current prices, according to Dune.

The record-breaking total value locked (TVL) on Aave follows a wave of skepticism among cryptocurrency retail investors about the safety of the underlying spot Bitcoin backing WBTC.

Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether

Bitcoin price strength extends to AVAX, SUI, TAO and AAVE — Are altcoins back?

September 22, 2024 Coin Telegraph

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Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.

Bitcoin (BTC) dipped below $63,000 on Sept. 22, indicating possible profit booking by short-term traders. Some analysts believe that Bitcoin could enter a minor consolidation before attacking the crucial overhead resistance at $65,000.

While short-term uncertainties remain, analysts are bullish for the long term. Standard Chartered global head of digital assets research Geoff Kendrick expects Bitcoin to reach $200,000 by the end of 2025. Kendrick anticipates the positive inflows into Bitcoin exchange-traded funds, a marginal uptick in inflation, and the likely removal of Staff Accounting Bulletin-121 — a rule effectively preventing banks from holding digital assets for clients — to be the major triggers for Bitcoin’s rally.

Crypto market data daily view. Source: Coin360

Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether

Bitcoin rally to $60K raises traders’ interest in FET, SUI, AAVE and INJ

September 15, 2024 Coin Telegraph

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Bitcoin’s rally above $60,000 could trigger buying in FET, SUI, AAVE, INJ and other altcoins.

Bitcoin (BTC) reclaimed the $60,000 level on Sept. 13, indicating a solid comeback by the bulls. Bitcoin’s rally of about 10% this week has helped buyers turn around September’s returns to positive.

Next week, investors will focus on the FOMC meeting scheduled for Sept. 18. CME Group’s FedWatch Tool shows a 50% probability of a 50-basis point rate cut. However, if the Federal Reserve delivers a 25-basis point rate cut, the cryptocurrency markets may witness a knee-jerk reaction to the downside.

Crypto market data daily view. Source: Coin360

Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether

Former President Donald Trump Announces September 16th Launch of Crypto Project ‘World Liberty Financial’

September 14, 2024 The Daily Hodl

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Former President Donald Trump is announcing the launch date of World Liberty Financial, his new decentralized finance (DeFi) crypto project. In a new video update posted on the social media platform X, the Republican presidential nominee says that his DeFi platform – which he previously stated is for helping those disenfranchised by the traditional banking […]

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Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether

Crypto millionaire loses $43 million in Ether-Bitcoin trading bet

September 14, 2024 Coin Telegraph

Crypto millionaire loses million in Ether-Bitcoin trading bet

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Fickel is one of the world's wealthiest cryptocurrency investors, currently holding more than $4.8 million worth of Ether.

Crypto millionaire James Fickel has suffered losses exceeding $43 million since Jan. 10, as his debt on the decentralized lending platform Aave surged to $132 million.

Fickel, an early Ethereum investor and the founder of longevity research firm Amaranth Foundation lost over $43.7 million by essentially betting on Ether’s price (ETH) against Bitcoin (BTC).

Based on the millionaire’s 2024 investments, Fickel expected Ether price to rise against Bitcoin’s when he first borrowed $172 million worth of Wrapped Bitcoin (WBTC) on Jan. 10, according to a Sept. 14 X post by Lookonchain.

Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether

Crypto Analytics Firm Santiment Says Aave, Decentraland and The Graph Are ‘Altcoins To Watch’ – Here’s Why

September 14, 2024 The Daily Hodl

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Crypto insights firm Santiment says that three altcoins are now worth keeping an eye on as one historically bullish indicator begins flashing. Santiment tells its 188,000 followers on the social media platform X that lending platform Aave, metaverse project Decentraland (MANA) and indexing protocol The Graph (GRT) seeing large short ratios on Binance, the largest […]

The post Crypto Analytics Firm Santiment Says Aave, Decentraland and The Graph Are ‘Altcoins To Watch’ – Here’s Why appeared first on The Daily Hodl.

Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether

Crypto Trader Says Ethereum-Based Altcoin Undeniably Very Strong, Updates Outlook on Solana, BNB and Sui

September 13, 2024 The Daily Hodl

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A widely followed analyst and trader is leaning bullish on an altcoin in the Ethereum (ETH) ecosystem while updating his outlook on three crypto assets. The trader pseudonymously known as Sherpa tells his 223,200 followers on the social media platform X that Aave (AAVE) is “still undeniably very strong” as the Ethereum-based decentralized finance (DeFi) […]

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Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether

Trump to launch World Liberty Financial crypto platform on Sept. 16

September 13, 2024 Coin Telegraph

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In a video posted on X, Donald Trump announced that his World Liberty Financial crypto project would launch on Sept. 16.

Donald Trump’s crypto project World Liberty Financial will launch on Sept. 16, the former President and Republican presidential bidder announced.

In a Sept. 12 video posted on X, Trump said he would go live on the platform to launch the project controlled by his sons, Donald Jr. and Eric Trump.

“We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” he said.

Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether

Coinbase Announces Launch of 1:1 Bitcoin-Backed, Ethereum-Based Token Coinbase Wrapped Bitcoin (cbBTC)

September 12, 2024 The Daily Hodl

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Top US-based crypto exchange platform Coinbase is announcing the launch of Coinbase Wrapped Bitcoin (cbBTC), a Bitcoin (BTC)-backed Ethereum (ETH)-based token. In a new thread on the social media platform X, Coinbase says that cbBTC is now onchain and ready, meaning that holders of the top crypto asset by market cap can now access decentralized […]

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Cantor Fitzgerald, led by Trump’s Commerce secretary nominee, struck deal to acquire 5% stake in Tether

Trader Says ‘True Move’ Coming for One DeFi Altcoin, Turns Bullish on SUI and One AI-Focused Crypto Asset

September 9, 2024 The Daily Hodl

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A closely followed crypto strategist believes that one decentralized finance (DeFi) altcoin is gearing up for “explosive” rallies. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that the native token for lending platform Aave (AAVE) could soon spark another leg up after trading in a range for weeks. “AAVE’s […]

The post Trader Says ‘True Move’ Coming for One DeFi Altcoin, Turns Bullish on SUI and One AI-Focused Crypto Asset appeared first on The Daily Hodl.

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