Crypto News

The company reported the loss, despite booking more revenue in the first quarter compared to the previous financial term.Source link

UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives. Join hosts TylerD, Deeze, Geebz and Peter Jennings as they have longer conversations on the hottest sectors in crypto and NFTs, what is moving markets and what they’re buying and selling. Streaming live every Tuesday from 12:00 PM EST to 1:00 PM EST on YouTube and X.Source link

On Tuesday, May 13, the cryptocurrency market is valued at $3.33 trillion, marking a 0.44% increase in the past 24 hours. While bitcoin posted a 10% weekly rise, ethereum’s striking 44% climb—paired with a wave of double-digit gains across several altcoins—has prompted growing speculation that the often-discussed ‘Altcoin Season’ may be near. Crypto Market SwellsSource link

It's eat or be eaten in the crypto-fueled Noodle.gg, and players are earning Solana in the process—while an associated meme coin soars.Source link

DeFi savings protocol Sky posted a first-quarter loss of $5 million after interest payments to token holders more than doubled, according to a report created by Sky contributors from Steakhouse Financial.The loss is a stark turnaround from the previous quarter, when Sky, formerly known as MakerDAO, registered a $31 million profit. The reason for the 102% increase in interest payments is the decision to incentivize use of the protocol's newer Sky dollar stablecoin (USDS) over the existing DAI. "The Sky Savings Rate was kept very high at 12.5% relative to the rest of the market, driving massive inflows" Rune Christensen, co-founder of Sky, told CoinDesk over Telegram. When Sky began lowering interest rates to 4.5% in February, a lot of...