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One of crypto’s biggest trading firms is betting DeFi will be as large as the centralized crypto market

One of crypto’s biggest trading firms is betting DeFi will be as large as the centralized crypto market

The Block’s Frank Chaparro chats with Jake Dwyer, head of DeFi for GSR.

The post One of crypto’s biggest trading firms is betting DeFi will be as large as the centralized crypto market appeared first on The Block.

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Inflation Nation: US Sees Highest Price Increase in 31 Years

What inflation means for markets, the Federal Reserve and bitcoin.

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Polkadot DeFi Darling Acala Has Gathered Over $600M and Counting

Acala is likely to win the first Polkadot parachain slot in the auction process beginning Thursday.

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MakerDAO’s Christensen Turns Optimistic After US Stablecoin Report

In an interview with CoinDesk TV on Wednesday, MakerDAO founder Rune Christensen said that the Biden Administration’s report, which was released last week, “turned me very positive on the outlook in the U.S.”

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Bitcoin Pulls Back From All-Time High, Support Between $65K-$67K

Bitcoin (BTC) is taking a breather after reaching an all-time price high near $69K. Buyers could remain active above the $65K support level into Asian trading hours given the series of price breakouts over the past month.

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Twitter forms new crypto team to incorporate decentralized tech into the platform

The team will first focus on growing decentralized apps for creators to manage virtual goods, currencies and ways for fans to show support.

The post Twitter forms new crypto team to incorporate decentralized tech into the platform appeared first on The Block.

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SEC halts token registrations of Wyoming-based DAO

The securities regulator announced it’s instituted proceedings against American CryptoFed DAO LLC, halting the registration of its tokens.

The post SEC halts token registrations of Wyoming-based DAO appeared first on The Block.

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LUNA Hits All-Time High as Terra Community Passes Popular Burn Proposal

The burning marks one of the largest, if not the largest, layer 1 token burnings in crypto history.

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Twitter Is Launching a Dedicated Crypto Team

The social media giant has tapped Tess Rinearson to lead its new team focused on decentralizing social media.

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‘This is up from zero just a matter of months ago:’ QCP says its DeFi option trading has hit $250 million a week

Crypto trading firm QCP Capital says trading options on decentralized derivative platforms is now a ‘very significant part’ of its business.

The post ‘This is up from zero just a matter of months ago:’ QCP says its DeFi option trading has hit $250 million a week appeared first on The Block.

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