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Nexus Mutual, the insurance coverage provider for decentralized finance (DeFi) protocols, surpassed $74 million in active coverage. It now covers for 206,763 ETH, which is around 1% of the total DeFi market. Richard Chen, a partner at 1Confirmation, wrote: “Nexus Mutual just crossed 1% of TVL in DeFi covered! Great achievement but still long ways […]

While decentralized finance is seemingly the most exciting aspect of the crypto market, projects in the space still have relatively small valuations compared to top blockchains. According to CryptoSlate market data, leading DeFi protocol Yearn.finance (YFI) has a market capitalization at $960 million while blockchains like EOS, Cardano, Tron, Bitcoin SV, and more have market […]

Jack Dorsey is undoubtedly one of the most prominent Bitcoin advocates. The Twitter, Cash App, and Square founder has been outspoken about his interest in the benchmark cryptocurrency, with his Twitter bio concisely reading “#Bitcoin.” In a recent interview with Reuters, he reaffirmed his support for the digital asset, stating that he believes it is […]

The decentralized finance space has grown exponentially over the past few months. CryptoSlate data indicates that DeFi coins, most of which are based on Ethereum, now have a market capitalization of over $13 billion. Six months ago, this figure was likely closer to $5 billion, probably even less. DeFi Pulse data shows that the value […]

Ethereum has seen some incredibly strong price action throughout the past 24-hours, which has allowed it to erase a good bulk of its recent losses. This upswing has led the second-largest cryptocurrency from lows of $320 to highs of $380. Its momentum stalled once it hit these highs, and its price has been consolidating ever […]

The case for Bitcoin as a proven hedge for the global equity market may have failed temporarily, at least per recent data. Bitcoin, gold correlation reaches record high Data analytics and media firm Bloomberg said in its latest crypto newsletter that as per recent findings, the correlation between Bitcoin (BTC) and gold is at its […]

Bitcoin fanatics may not need to wait much longer for them to farm sky-high yields on the digital asset if an upcoming product launch goes as planned. Permissionless synthetic asset platform UMA and trustless cross-chain bridge Ren have partnered to launch a Bitcoin-backed yield dollar called uUSD, as per an announcement. The collab will also […]

A spontaneous gathering of around 500 members of the Cardano community will most likely be responsible for deciding on the future of the Cardano Foundation. Charles Hoskinson, the CEO of IOHK, said that he was glad that the community came together to build out the roadmap for the foundation, adding that it was the embodiment […]

Tether, the company behind the USDT stablecoin, has announced that it has launched its coin on Solana, a blockchain platform that aims to compete with Ethereum. In a press release shared with CryptoSlate, the company said that Solana will enable users to exchange USDT at speeds greater than 50,000 tx/s for less than $0.00001. Tether, […]

After being handed over the admin keys for the Uniswap fork project SushiSwap this weekend, Sam Bankman-Fried, the founder of crypto exchange FTX, proposed a future plan for the project over Twitter. Tokenomics and a multisig vote Bankman-Fried said that first and foremost was ensuring the project’s migration was successful. This means moving over $180 […]