DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.Source
Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant
Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom following a 13% decline over the past 30-days.Source
Ethereum Builder Consensys Buys Wallet Guard to Strengthen MetaMask Security
The entire Wallet Guard team will join Consensys within the MetaMask Product Safety Team.Source
CoinDesk 20 Performance Update: XRP and LTC Top Performers as Crypto Market Tumbles
The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher.Source
Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analyst
BTC has already dropped 14% in four weeks.Source
Obol Labs Forms Industry Group to Push for Decentralized Validator Technology
As blockchain projects push to further decentralize, the developer Obol Labs has formed a group of companies working in the Ethereum ecosystem to concentrate on the growing field of “distributed validator technology,” or DVT.Source
First Mover Americas: Bitcoin Falls to $60K as Mt. Gox Overhang Looms
The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Solana Meme Coin MEW’s Cat Character to Feature on Trending Telegram Mini Game
The MEW character will be featured on TON, the network where Pixelverse’s Telegram mini-games operate, in a first for a Solana meme coin.Source
Crypto Venture Capital Market Rebound Extends Into Second Quarter: Galaxy
The median pre-money deal valuation jumped to highs of $37 million, suggesting that despite a lack of available investment capital a resurgent crypto market has led to increased competition and FOMO among investors, the report said.Source