Crypto News
Confidence Shaken: Value Locked in Defi Endures a $15B Blow
The past seven days have proven tumultuous for digital assets, with decentralized finance (defi) protocols hemorrhaging 12.71% of their locked capital. From the twilight hours of Jan. 31 through Feb. 7, 2025, a staggering $15.088 billion evaporated from the ecosystem. Defi Protocol Holdings See Cascading Losses Data extracted from defillama.com as of Feb. 7 revealsSource link
Gold-Backed Tokens Set to Benefit as Wall Street Goes Even More Bullish After Record Rally
Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks' accumulations.This week, strategists at both Citi and UBS issued increased gold price forecasts, anticipating the precious metal’s bull run will continue as markets are pressured by geopolitical tensions and economic uncertainties.Gold-backed cryptocurrencies have been benefiting from this trend, with tokens like PAXG and XAUT seeing performance in line with that of the precious metal. These tokens, backed by physical gold stored in vaults, have been outperforming the wider cryptocurrency market amid the uncertainty.Citi has adjusted its short-term gold price target to $3,000 per ounce and increased its average forecast for the year to $2,900, up from...
Mario Nawfal and Roger Ver Expose a Legal Nightmare: ‘This Is About Truth and Justice’
Roger Ver, an early bitcoin investor and outspoken advocate for financial freedom, recently sat down with Mario Nawfal for a revealing interview about his ongoing legal battle. Roger Ver Speaks: ‘This Isn’t About Taxes It’s About My Political Views’ Roger Ver, who renounced his U.S. citizenship in 2014, faces allegations of tax evasion, charges heSource link
Odds of Kanye West Launching Token Plummet After He Says ‘Coins Prey on Fans’
The perceived odds of Ye, the rapper formerly known as Kanye West, launching a token have plummeted after he posted on social media that he is “not doing a coin” in a post where he added that “coins prey on the fans with hype.”That post saw the perceived odds of Kanye launching a token this month, which at one point reached 40% on the popular prediction market Polymarket, plunge to around 10% as traders reacted to it.Various memecoins, called "Ye," have popped up since the rapper started the conversation about crypto on social media, in anticipation that the rapper is going to launch a token. However, after the denial, these have seen their value plunge. One of the tokens has...
The Hero Shooter Genre Is Booming—Does ‘Shatterline’ Stand Out?
Shatterline has solid fundamentals for a first-person hero shooter, but this crypto-infused game is overshadowed by genre giants.Source link