Decentralized Finance (DeFi)
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Bitcoin's Volatile Month, Coinbase/AWS Outage, Fed's Waller on Stablecoins
Youtube· 2025-10-22 18:45
Market Overview - October has historically been a strong month for crypto, but the market has experienced significant volatility, influenced by factors such as government shutdowns and trade wars [2][3] - Bitcoin peaked at 127,000 before dropping to 105,000, currently trading around 108,000, which is an 8% decline over the past three months [4] Bitcoin Analysis - Bitcoin's price is below its 50-day moving average of approximately 111,000 and is at its long-term 200-day moving average, indicating a bearish trend [4][5] - The long-term moving average is still in an uptrend, but it is flattening, suggesting potential for further declines [5] Ethereum Analysis - Ethereum is currently trading at about 3,850, which is an increase from 3,750 three months ago, representing a 100 increase [6] - Ethereum has outperformed Bitcoin by approximately 10% since late July, but it has also dropped below its short-term moving averages [6][7] - A 15% drop in Ethereum's price would bring it down to its 200-day moving average of 3,200, but both its 50 and 200-day moving averages remain in uptrends [7] Coinbase and AWS Outage - An AWS outage significantly impacted Coinbase, preventing many users from accessing their accounts or executing trades [10] - Coinbase assured users that their funds were safe during the outage and is working to prevent similar issues in the future [11] - The incident highlights vulnerabilities in relying on centralized cloud providers for critical infrastructure, prompting discussions about the need for decentralized solutions [12][13] Federal Reserve Insights - Fed Governor Christopher Waller indicated a shift in the Federal Reserve's approach to cryptocurrency, suggesting it will no longer be viewed with suspicion [15] - Waller's comments reflect a broader acceptance of cryptocurrencies and distributed ledgers within the global payment system, marking a departure from previous administration views [16] - Support from key Fed members like Waller may signal the beginning of a restructuring of the Federal Reserve's payment system [17]
Stablecoins Will Be Bigger Than Bitcoin
Yahoo Finance· 2025-10-22 17:58
Core Insights - The future growth of the cryptocurrency market will be driven by stablecoins, which are modernizing global money movement, rather than Bitcoin [1] - Stablecoins have surpassed Bitcoin in daily transaction volume, with $146 billion in stablecoin transactions compared to Bitcoin's $63.8 billion on October 6 [2] - The utility of stablecoins extends beyond investment, as they are increasingly used for payments and cross-border transactions, positioning them as a key currency for machine-to-machine transactions in the future [3] Stablecoin Utility - Stablecoins are designed for real-world applications, providing a better solution for global payments compared to traditional systems like SWIFT and credit cards [4] - In countries like Venezuela, stablecoins like USDT are essential for daily economic activities amid hyperinflation and a shortage of physical dollars, demonstrating their practical use [5] - The ability of stablecoins to facilitate instant, low-cost peer-to-peer payments makes them more suitable for everyday transactions compared to Bitcoin, which has longer settlement times and higher fees [6] Market Disruption - Stablecoins are disrupting the global remittance market, valued at approximately $780 billion annually, by offering faster and cheaper cross-border transfer options [7]
XRP Price Wrestles With $2.40 as Evernorth’s $1Bn Push and David Schwartz Fuel Institutional Bullishness
Yahoo Finance· 2025-10-22 14:35
XRP news is back in focus this week after a flurry of major announcements from Ripple and its ecosystem briefly pushed the token above the critical $2.40 mark, restoring bullish sentiment across both spot and derivatives markets. The move follows confirmation that David Schwartz, Ripple’s long-serving Chief Technology Officer, will step down from his post to join Evernorth Holdings Inc. as a strategic advisor. XRP News: Evernorth XRPN Plans Push Forward Amid David Schwartz Entrance Evernorth, a newly for ...
Aave Quietly Dominated Ethereum Money Lending This Bull Run: When Will AAVE Price Pump?
Yahoo Finance· 2025-10-21 20:40
Aave has established itself as the most significant money market in the Ethereum ecosystem, without naming itself, with approximately $ 25 billion in loans in its active portfolio. By October 21, the decentralized lending protocol had almost 1,000 daily distinct borrowers and had over $ 25 billion in outstanding positions, significantly surpassing other competitors, such as SparkLend and Morpho. According to DeFiLlama data, the value of Aave alone as the provider of borrowed funds is nearly $26Bn, which ...
DeFi Development Corp. to Announce Third Quarter 2025 Financial Results
Globenewswire· 2025-10-21 20:00
Core Insights - DeFi Development Corp. is the first US public company with a treasury strategy focused on accumulating and compounding Solana (SOL) [1] - The company will release its Q3 2025 financial results and business outlook on November 12, 2025 [1] - A video update featuring key executives will be available on November 13, 2025, addressing strategic highlights and investor questions [2] Company Strategy - DeFi Development Corp. has adopted a treasury policy that primarily allocates its treasury reserve to SOL, providing investors with direct economic exposure to SOL and participating in the growth of the Solana ecosystem [4] - The company holds and stakes SOL, operates its own validator infrastructure, and generates staking rewards and fees from delegated stake [4] - DeFi Development Corp. is actively engaged in decentralized finance (DeFi) opportunities and is exploring innovative ways to support the expanding application layer of Solana [4] Market Engagement - The company serves over one million web users annually, including multifamily and commercial property owners and developers seeking billions in debt financing [6] - Its data and software offerings are provided on a subscription basis as software as a service (SaaS) [6]
CleanSpark shares retreat after bitcoin miner announces pivot to AI computing: CNBC Crypto World
Youtube· 2025-10-21 19:27
Market Overview - Bitcoin and Ether are experiencing a recovery, with Bitcoin surpassing $113,000 and Ether trading at $483, while XRP rose to $252 [2] - The overall market is rebounding from a recent sell-off in October [1] CleanSpark's Business Shift - CleanSpark announced a pivot from pure Bitcoin mining to incorporating high-performance computing, reflecting a broader trend in the industry due to shrinking mining rewards and rising energy costs [3][4] - Despite the positive news, CleanSpark's stock is down approximately 2.5% [2] Duro Labs and Pith Network Initiatives - Duro Labs, a contributor to the Pith Network, is focused on bringing more financial and economic data on-chain, addressing the growing need for reliable on-chain data as crypto adoption increases [4][6] - Pith Network is enhancing decentralized finance (DeFi) by providing real-time first-party financial data directly on-chain, which is crucial for the functioning of DeFi markets [6][8] Data Accessibility and Market Disruption - The traditional market data industry is valued at $50 billion, dominated by legacy vendors like Bloomberg and Refinitiv, which are seen as slow and expensive [9][10] - Pith Network aims to disrupt this model by offering more accessible and transparent data, enabling a more level playing field for global market participants [11][19] Recent Partnerships - Pith Network has partnered with Koshi to deliver real-time prediction market data on-chain, expanding its offerings beyond asset prices to include event data [14][15] - A partnership with the Department of Commerce aims to bring economic data on-chain, enhancing data transparency and accessibility for the public sector [16][17] Future Vision - Pith Network envisions creating a comprehensive global financial data network that provides real-time institutional-grade data, facilitating innovation in financial products [25][26] - The goal is to establish a single source of truth for all financial data, which could transform the financial industry and support the growth of DeFi [27]
World Liberty Advisor Explains the Real Reason Behind the October 10 Crypto Crash
Yahoo Finance· 2025-10-21 19:11
world liberty financial advisor. Photo by BeInCrypto The October 10 crypto crash wiped out nearly $19 billion in leveraged positions within hours, shocking both traders and analysts. In an exclusive BeInCrypto podcast, World Liberty Financial advisor and Glue.Net founder Ogle broke down what really caused one of the largest single-day collapses in recent crypto history. https://youtu.be/IVUzdg_ZcK4 A Perfect Storm: Multiple Factors Converged According to Ogle, there was no single trigger behind the sel ...
LIVE: Fed Reserve hosts first-ever crypto conference
Yahoo Finance· 2025-10-21 16:00
Core Insights - The U.S. Federal Reserve is hosting a conference on payments innovation on October 21, 2025, which will include discussions on cryptocurrencies for the first time [1] - The event will feature economists, technologists, and policymakers, indicating the Fed's increasing engagement with the crypto industry [2] - Topics of discussion will include bridging traditional finance with digital assets, stablecoin use cases, AI in payments, and tokenized products [3] Group 1: Conference Overview - The conference aims to consider a broad range of perspectives on improving the payment system and fostering innovation [3] - Federal Reserve Governor Christopher J. Waller opened the event with remarks [3] Group 2: Industry Perspectives - DolarApp CEO Fernando Terrés emphasized the need for decentralized finance (DeFi) to evolve for mainstream adoption, comparing its current complexity to early internet access [4] - Terrés noted that widespread adoption will occur when blockchain technology is simplified for users, similar to how people use phones without understanding their inner workings [5] - He highlighted the integration of stablecoins into traditional finance by companies like PayPal as positive signs of usability shifts in crypto [5] Group 3: Stablecoin Discussions - A panel on stablecoin applications featured industry experts discussing emerging business models [6] - Panelists urged the Federal Reserve to modernize payment infrastructure and provide clear guidance on digital assets while addressing risks from AI-driven fraud [8] - Sergey Nazarov, co-founder of Chainlink, stressed the importance of making existing systems interoperable with stablecoins and tokenized deposits [8]
X @Cointelegraph
Cointelegraph· 2025-10-21 15:30
🔎 RESEARCH: Batched Threshold Encryption (BTE) could redefine fairness in DeFi.By encrypting transactions until block finalization, BTE blocks frontrunning and sandwich attacks; the core of extractive MEV.The latest BEAST-MEV upgrade pushes decryption times down to under 1 second for ~500 transactions, with only 6KB communication and silent, non-interactive setup, a massive leap from earlier models.Could this finally be the breakthrough to make DeFi fair, private, and trustless again? ...
What’s the best crypto to buy before market sentiment turns bullish?
Invezz· 2025-10-21 15:30
Core Insights - The crypto market is entering a pivotal phase with investors closely monitoring for the next breakout moment when confidence returns and prices increase [1] - Historically, those who accumulate promising crypto coins before a bullish sentiment have achieved significant gains [1] - Mutuum Finance (MUTM) is a DeFi protocol currently attracting serious attention within the crypto space [1]