The surge in Sui Network's TVL and SUI price indicates growing confidence and investment in its DeFi ecosystem, potentially driving further adoption.
The post Sui Network TVL soars to record high, SUI price up 30% appeared first on Crypto Briefing.
Markets
Ethereum’s value accretion narrative under duress after 19% drop in ETH DApp volumes
ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.
Ether (ETH) has struggled to break above $2,450 for more than two weeks, and the recent 17% drop in Ethereum decentralized application (DApp) activity has raised concerns, particularly as it affects the layer-2 ecosystem. Traders are now questioning whether the current $2,250 support level will hold much longer.
On the positive side, Ethereum remains the dominant platform in terms of both activity and development, although competitors are gaining ground.
Top blockchains ranked by 7-day DApps volumes, USD. Source: DappRadar
Powell downplays recession concerns amid solid economic growth
Powell's optimism and policy adjustments suggest a balanced approach to sustaining economic growth while mitigating recession risks.
The post Powell downplays recession concerns amid solid economic growth appeared first on Crypto Briefing.
Bitcoin jumps close to $61,000, then pulls back after Fed’s rate cut
The Fed's rate cut boosts both crypto and stock markets, signaling potential economic easing but also reflecting underlying economic concerns.
The post Bitcoin jumps close to $61,000, then pulls back after Fed’s rate cut appeared first on Crypto Briefing.
Fed makes aggressive 50 bps cut amid recession fears
The Fed's aggressive rate cut highlights significant economic concerns, potentially influencing market stability and recession probabilities.
The post Fed makes aggressive 50 bps cut amid recession fears appeared first on Crypto Briefing.
Goldman Sachs, Coinbase alumni debut TrueX, a stablecoin-centric crypto exchange
TrueX's stablecoin-centric approach could redefine crypto trading stability, potentially attracting institutional investors and enhancing market predictability.
The post Goldman Sachs, Coinbase alumni debut TrueX, a stablecoin-centric crypto exchange appeared first on Crypto Briefing.
Binance urges WazirX to compensate users after $235M hack
The incident underscores the critical need for robust security measures and accountability in cryptocurrency exchanges to protect user funds.
The post Binance urges WazirX to compensate users after $235M hack appeared first on Crypto Briefing.
dYdX prepares to bring perpetual futures to prediction markets
dYdX's move into prediction markets could significantly boost DeFi's appeal and market share by offering unique, leveraged trading opportunities.
The post dYdX prepares to bring perpetual futures to prediction markets appeared first on Crypto Briefing.
Circle introduces USDC in Brazil and Mexico via local payment systems
Circle's USDC integration in Brazil and Mexico could significantly enhance financial inclusion and streamline cross-border transactions in Latin America.
The post Circle introduces USDC in Brazil and Mexico via local payment systems appeared first on Crypto Briefing.
DBS to launch Bitcoin and Ethereum options trading for institutional clients
DBS's move could accelerate institutional adoption of cryptocurrencies in Asia, enhancing Bitcoin's legitimacy as an asset class.
The post DBS to launch Bitcoin and Ethereum options trading for institutional clients appeared first on Crypto Briefing.