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Sky, the DeFi lending protocol that was formerly known as Maker, has rolled out its USDS stablecoin on the Solana blockchain. According to the official announcement, Sky said the launch positions USDS as “the first major DeFi-native stablecoin on Solana,” offering new avenues for borrowing, lending, and trading on the...

In an effort to tackle electricity shortages, Russian officials disclosed plans to suspend cryptocurrency mining in several regions this winter. The ban will impact the Irkutsk region, portions of Buryatia, the Zabaikalsky region in Siberia, and six North Caucasus areas, including Chechnya and Dagestan. Mining will also be prohibited in...

Bitcoin reached a new peak of $95,000 hours ago but was rejected and pushed south by over a grand within minutes. Although it has recovered some ground, many altcoins, especially from the meme coin niche, have plummeted hard, leaving over $400 million in liquidations on a daily scale. The specific...

Wrapped Bitcoin’s (wBTC) team has expressed surprise and disappointment at Coinbase’s decision to delist the token. In a statement shared on X, it urged the crypto exchange giant to reconsider this decision and continue supporting the trading of the token. The team said the token has positioned itself as a...

TL;DR XRP surged by double digits in the past week, with analysts predicting additional gains of up to $8. Rumors of SEC Chair Gary Gensler’s replacement with a new pro-crypto leader could aid Ripple’s legal issues, driving XRP’s growth further. The Potential Journey to a New ATH Ripple’s XRP was...

Leading decentralized finance (DeFi) protocol Aave has achieved a remarkable milestone, hitting $10 billion in active loans. It marks a 300% rise in lending activity from the start of the year when the figure stood at $3.4 billion. DeFi Renaissance Data from the on-chain DeFi tracking platform Token Terminal shows...

[PRESS RELEASE – Mahe, Seychelles, November 20th, 2024] BitMEX Marks 10 Years of Crypto Derivatives Trading with a Strong Security Track Record BitMEX, one of the longest-standing crypto derivatives exchange, is marking a major milestone: 10 years of business operations with an unmatched record of zero customer fund losses from intrusions...

Cardano (ADA) has experienced a remarkable rally this month, mirroring and even surpassing the broader crypto market’s momentum. Following months of subdued performance, ADA’s on-chain activity has surged as well, as it decoupled from the altcoin pack. On-Chain Metrics Show Significant Growth According to data from popular on-chain analytic platform...

MicroStrategy (MSTR), a leading business intelligence firm turned Bitcoin holder, has made history, achieving an astounding $21.8 billion in trading volume on November 19, 2024. The milestone surpassed the combined trading volumes of tech heavyweights Apple (AAPL), Amazon (AMZN), and Meta (META), highlighting the market’s growing enthusiasm for MicroStrategy’s BTC-centric...