19 Jun 2024: Altcoin selloff wipes out $4.9 billion in DeFi TVL
The massive selloff on June 17 caused $455 million in liquidations across assets, impacting both the altcoin market and major cryptocurrencies like Bitcoin and Ethereum. The DeFi market saw a significant drop in total value locked, plummeting from $104.123 billion to a much lower value. Read more
Long-term Bitcoin holding trends push illiquid supply higher
Recent data from Glassnode shows a renewed increase in the illiquid supply of Bitcoin since May, highlighting a strong trend towards self-custody among holders. This shift may signal substantial market changes. Read more
Original TRUMP Token Struggles With Exchange Listings as DJT Rockets
While exchanges like OKX and Kraken have been willing to list the DJT token, they have refrained from listing the TRUMP token, citing its political implications. This has led to a disparity in market performance between the two tokens. Read more
Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves
Industry experts predict that the hashrate for the Bitcoin network could flatten or decline during the North American summer due to the intense heatwaves affecting mining operations, particularly in Texas. Read more
Ether ETF's Lack of Staking Won't Dampen Strong Institutional Demand, 21Shares' Ophelia Snyder Says
Ophelia Snyder of 21Shares believes that despite the removal of staking provisions from Ether ETF applications to avoid regulatory issues, strong institutional demand for these financial products will persist. Read more
UNI Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update
UNI led the gains among the CoinDesk 20, with five cryptocurrencies in the index posting losses greater than 5%, led by ICP's 19% decline. Read more
MicroStrategy Is Pioneering Bitcoin Capital Markets, Bernstein Says
Michael Saylor's firm, MicroStrategy, has developed significant institutional demand for bitcoin-linked convertibles, positioning it as a pioneer in the Bitcoin capital markets, according to Bernstein. Read more
RWA Tokenization Expands to Life Insurance with Infineo Minting $9M of Policies on Provenance Blockchain
Infineo's minting of $9 million in tokenized life insurance policies on the Provenance Blockchain marks the first instance of transferring tokenized versions of life insurance policies, signaling a new frontier in real-world asset tokenization. Read more
First Mover Americas: Crypto Majors Slide Further; SOL, DOGE Among Worst Affected
The latest price moves in Bitcoin and other major cryptocurrencies, including notable declines in SOL and DOGE, are highlighted in CoinDesk's daily newsletter, First Mover. Read more
Renzo Capitalizes on Restaking Frenzy to Raise $17M From Galaxy, Brevan Howard
Renzo has raised $17 million from Galaxy and Brevan Howard to expand its restaking services, including adding support for ERC-20 tokens. Read more
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