Crypto News

Controversy surrounding meme coins has affected Solana’s price as token unlocks test confidence, according to one analyst.Source link

The U.S. Securities and Exchange Commission (SEC) is moving to abandon a proposed rule that would have required certain cryptocurrency firms to register as alternative trading systems (ATS), according to acting Chair Mark Uyeda. SEC Shifts Stance on Crypto Regulation The decision, Reuters reported on Monday, marks a shift from the agency’s 2022 effort underSource link

Ethereum's ETH has been spiraling on Monday, jeopardizing a large decentralized finance (DeFi) loan on lending platform Sky (formerly Maker) of being liquidated.The borrower in danger took out a $74 million loan in DAI stablecoin by pledging 65,680 ETH as collateral, worth nearly $130 million earlier today, per a Sky vault data dashboard.In an already weak crypto prices, ETH plunged nearly 10% during the day to $1,820, below the loan's liquidation level slightly above $1,900.Blockchain data by Debank shows that the borrower withdrew 2,000 ETH, worth nearly $4 million at current prices, from crypto exchange Bitfinex earlier Monday and deposited the assets to the Maker vault, propping up the loan's collateral to avoid liquidation.Following the deposit, the liquidation level for...

According to the latest Crypto Fear and Greed Index reading, the market’s sentiment slipped from a score of 34 out of 100 on March 7 to the current 20, which stands for “extreme fear.” Market Turmoil: Bitcoin Tumbles, Crypto Fear Index Hits 12-Month Low Bitcoin and the crypto market, in general, have not been doingSource link

Nearly 10 million free Aibo NFTs have been minted on Soneium, Sony's Ethereum layer-2 network, granting them tokens that can't be traded.Source link