Author: NBTC
Liquidity on DEX is in the hands of a few large providers, which reduces the degree of democratization of access to the DeFi market. Liquidity on decentralized exchanges is concentrated among a few large providers, reducing the democratization of access to the decentralized finance market, as Bank for International Settlements (BIS) analysts found in their report. BIS analyzed the Ethereum blockchain and studied the 250 largest liquidity pools on Uniswap to test whether retail LPs can compete with institutional providers. The study of the 250 largest liquidity pools on Uniswap V3 found that just a small group of participants hold…
Ethereum investors have been making big moves lately, with a mix of profits and losses catching everyone’s attention. Over the past two days, gains of $230 million and losses of $141 million from selling activity show just how unpredictable the market can be. But what’s driving these trends, and what does it mean for Ethereum’s future? Let’s break it down in this Ethereum Price prediction article and explore the factors behind these numbers. How has Ethereum (ETH) Price Moved Recently? ETH/USD Daily chart- TradingView Ethereum is currently priced at $3,144.84, with a 24-hour trading volume of $36.07 billion. It holds…
The Reserve Bank of India prioritizes the long-term potential of central bank digital currencies but is holding off on a full rollout until its effects are better understood. India‘s central bank is taking a measured approach to launching a central bank digital currency, stressing the need for a comprehensive evaluation of its potential impact before expanding its use. Speaking to reporters during a conference in Cebu, Philippines, Reserve Bank of India Deputy Governor T. Rabi Sankar said CBDCs hold promise as a transformative tool for cross-border payments, trade settlements, and remittances. However, he noted that risks persist, as a full…
A major event happened in the crypto market: a whale wallet 0x9244 sold all its Lido DAO (LDO) tokens, which led to an approximation of 900K loss. This decision came following holding $LDO for three years. The sale, as evaluated by a blockchain tracking platform known as Spot On Chain, shows that DeFi remains highly unpredictable, even to large investors. Whale 0x9244 sold all of their $LDO at a loss after holding it for 3 years.An hour ago, it swapped 458.86K $LDO ($489.6K) to 181.6 $ETH.Most of these tokens were accumulated 3 years ago across multiple wallets at an average…
Telegram tap-to-earn game MemeFi is preparing for its token launch, after the fighting game attracted millions of players vying for a chunk of its future airdrop. On Friday, November 22 at 8am ET (1pm UTC), the MEMEFI token is set to launch on the Sui network. This comes after the project hopped to the network from Ethereum layer-2 Linea last month. The promised airdrop claim will take place once the token is generated. Airdrop token allocations were revealed last Saturday, with 2.5 million suspected cheaters’ accounts receiving the ban hammer in the process. On Tuesday, allocations were adjusted after some…
Beige Book bolsters hope for quarter-point Fed rate cuts in November and December. The rally in the DXY stalled after the Beige Book report, paving the way for BTC recovery. Bitcoin (BTC) is back above $67,000 as the Federal Reserve’s (Fed) latest Beige Book survey of economic conditions across the U.S. released Wednesday portrayed a subdued outlook, bolstering the case for further rate reductions in the coming months. The latest edition had nine out of 12 regional banks reporting stagnant or slightly weak economic activity since early September. Most districts witnessed a decline in manufacturing activity, with some signs of…
For decentralized finance’s (DeFi) proponents, the sector embodies financial freedom, promising everyone entry into the world of global finance without the fetters of centralization. A new study has, however, put that notion under sharp focus. According to a new Bank of International Settlements (BIS) working paper, institutional investors control the most funds on decentralized exchanges (DEXs). The document shows large-scale investors control 65 – 85% of DEX liquidity. Part of the paper reads: We show that liquidity provision on DEXs is concentrated among a small, skilled group of sophisticated (institutional) participants rather than a broad, diverse set of users. ~BIS…
While the price of Bitcoin (BTC) is dramatically updating historic high after high, just as dramatically, the price of Ethereum (ETH), the leading altcoin on the crypto market, is flying in an open peak downward against the major cryptocurrency. Since the beginning of the year, the price of ETH has lost 46.99% to the price of BTC from the high of the year and, as a result, has reached 0.03187 BTC per Ethereum, unseen since March 2021 – that is, for almost four years. Of course, the discussions about the terrible performance of Ether, or rather the merciless mockery of…
The Seoul Rehabilitation Court officially declared bankruptcy on crypto yield platform Haru Invest, after it was implicated in a crypto fraud worth up to $1 billion. Investigations by South Korean law enforcement revealed that Haru Invest, a crypto yield firm operating under Haru Management Limited, allegedly defrauded investors of 1.4 trillion won or equal to $1 billion in a “rug pull” scheme that left creditors reeling. According to local news outlet Newsis, the Seoul Rehabilitation Court announced Haru Invest’s bankruptcy status on Nov. 20, effectively declaring the company insolvent due to its inability to repay customer damages. Despite establishing itself…
Bitcoin maximalist Fred Krueger recently ran a Twitter poll asking his followers for their views on Cardano potentially becoming a “Layer 2” solution for Bitcoin. The results didn’t align with Krueger’s pro-Bitcoin expectations. 61.1% of respondents welcomed Cardano, suggesting strong support for the idea. Taken aback by the outcome, Krueger hinted that the poll might have been manipulated, tweeting, “Impressive bot action Cardano!” This reaction underscores the ongoing divide between Bitcoin purists and advocates of multi-chain integration. Fred Krueger, a well-known figure in the Bitcoin community, has long been skeptical about alternative cryptocurrencies, especially projects that propose to work alongside…