Retail piles into Shiba Inu while institutions remain unfazed by market volatility

While Bitcoin and Ethereum prices successfully held their rebound from last week’s sell-off, Shiba Inu surged following Kraken listing. Crypto investment products recorded inflows totaling $306 million last week, as Bitcoin saw the largest inflows in five weeks, the latest report from CoinShares revealed. However, price pressures led total assets under management (AUM) to decrease…

Billions exited DeFi protocols last week, but newcomers like Cronos Chain show growth

Total value locked (TVL) across all platforms went down from $273 billion to $261,2 billion last week, according to DeFiLlama. At the time of writing, Cronos Chain TVL hovers around $781 million, up almost 41% during the past 7-day period. Meanwhile, Avalanche TVL rose 23%. Avalanche ATH Price, volume and volatility indexes were all down…

Why some strategists say Solana could reach $5,000 in 2030

Finder, a product comparison website, has published a survey on what it thinks the value of Solana will be by 2025 and 2030. According to the survey, the value of the “Ethereum killer” would rise to $1,100 and above $5000 respectively. Solana’s Price in 2021 The survey, which had 50 crypto experts from fintech and…

DeFi activity on Solana (SOL) just touched an all-time high

Solana-based decentralized finance (DeFi) protocols have reached a new height as the total value locked of all assets on its blockchain is now $12.7 billion according to data from DeFi Llama. Per Defi Llama, this new peak was reached earlier on October 21 before it reversed to around $12.34 billion. It was also revealed that…

Over 160 projects will launch on Terra (LUNA) early next year

Terraform Labs, the South Korean company behind the blockchain project Terra (LUNA), continues focusing on advancing the developer activity on the network. Meanwhile, the true impact of the network’s cardinal upgrade, dubbed Columbus-5, is yet to unravel, as the launch of Inter-Blockchain Communication (IBC) protocol and Wormhole support for Terra approaches. 160 more projects on…

Solana NFT “Iconics” defrauds people of $130,000 in SOL

Solana-based NFT project Iconics appears to have pulled off a rug pull, defrauding unsuspecting investors of over $130,000. Iconics NFT rug pull gets 1000 SOL The project was the brainchild of an unidentified 17-years-old 3D digital artist, who failed to deliver on his promise and disappeared with investor’s funds. Iconics were supposed to be 8,000…

VanEck lists Solana, Tron, and Polkadot crypto ETNs on Deutsche Börse

Deutsche Börse recently expanded its crypto derivatives offering with three new products by investment management company VanEck. In a press release, VanEck announced the official listing of new Exchange Traded Notes (ETNs) on Polkadot (DOT), Solana (SOL) and TRON (TRX). German stock market operator dives deeper into crypto derivatives “Investors now have access to 18…

Here’s why Ethereum DeFi app Arbitrum went offline yesterday

Arbitrum suffered downtime on September 14 as the network’s sequencer went offline for roughly 45 minutes, disclosed Offchain Labs, the company that is developing the optimistic rollup, in an official report on Medium.  The young Layer-2 rollup belongs to the flock of scaling solutions that sit on top of the Ethereum (ETH) network, enabling cheaper…