Despite a significant phishing attack on Coinbase, Bitcoin demonstrates strength with substantial exchange outflows and Aave reaches a record TVL. This week in DeFi saw resilience and growth.
Tag: Cryptocurrencies
Bitcoin Price Analysis: Why $105K Remains a Key Hurdle
Bitcoin’s struggle to surpass $105,000 is examined, exploring factors like resistance levels, market sentiment, and the need for a catalyst to trigger a breakout. Technical analysis and expert opinions are analyzed.
Soul Protocol: Unifying Cross-Chain Lending in DeFi
Soul Protocol aims to solve DeFi’s fragmented lending landscape by providing a unified ecosystem across multiple blockchains, enabling users to leverage assets across different chains without the need for bridging.
Central Banks Explore Smart Contracts for Monetary Policy: BIS Project Pine
Central banks are experimenting with smart contract toolkits, as demonstrated by the BIS Project Pine, to enhance monetary policy implementation in tokenized environments. This exploration aims to provide faster and more flexible responses to financial events, though infrastructure limitations remain a challenge.
Institutional Adoption of Stablecoins Soars: 90% Actively Exploring or Implementing, According to Fireblocks Survey
A comprehensive Fireblocks survey reveals that a staggering 90% of institutional players are actively using or exploring stablecoins, driven by the need for faster, more transparent, and efficient payment solutions. Explore the key findings and implications for the future of finance.