Six out of the top ten revenue-generating protocols are DeFi applications, the report said.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Liquid restaking protocol Ether.Fi will commit $600 million worth of ether {{ETH}} in a delegation deal to secure the Omni Network.
First came the literal redemption for failed stablecoin USDR. Now comes the metaphorical redemption as Tangible changes its name to re.al.
The crypto funds also registered their second-largest weekly net inflows of $1.8 billion, dominated by U.S. spot bitcoin ETFs.
Bitcoin topped $65,000 for the first time since November 2021 on Monday.
Hong Kong’s regulator for securities and futures markets has warned the public about cryptocurrency exchange BitForex for suspected fraud, it announced Monday.
With bitcoin approaching all-time highs amid strong spot ETF inflows, Bernstein analysts expect a “big bang” DeFi recovery comes next.
The price of bitcoin reached an all-time high of €59,978 and £51,344 on Monday — but still remains below its record high in U.S. dollar terms.
Bitcoin-based collections traded more volume than Ethereum collections in the past 24 hours, which shows network adoption as bitcoin prices inch closer to highs.
