Crypto News
Derive Protocol Crosses $100M in Value Locked as Bitcoin Whales Make Waves in Options Trading
It's raining options, CoinDesk said last week, pointing to growing demand for derivatives tied to bitcoin (BTC) and other cryptocurrencies. Now, additional evidence has emerged in the form of record activity on decentralized finance (DeFi), which offers unique and programmable onchain options, perpetuals, and structured products.The total dollar value of crypto tokens locked (TVL) on Derive has risen past $100 million, alongside a record-setting trading volume and monthly active traders.“Derive.xyz's latest market insights reveal remarkable growth and heightened activity, with its total value locked surpassing $100 million for the first time, amid record-setting weeks for trading volume and active traders," Sean Dawson, head of research at Derive, told CoinDesk in an email.“Yield on all USDC deposits has reached 10% on...
Riot Platforms (RIOT) Launches $525 Million Convertible Notes Offering
Riot Platforms announces a $525 million offering of 0.75% convertible senior notes due 2030, aimed at bolstering Bitcoin acquisitions and general corporate purposes. (Read More)Source link
Pay Me in Bitcoin: 30% of American Employees Embrace Crypto Salaries, Study Finds
A new study by Clarify Capital shows growing interest in cryptocurrency-based compensation and loans among American workers and businesses. Bitcoin Most Preferred A new study has found that as many as 30% of American employees are open to receiving cryptocurrency as compensation. As expected, the study found Gen Z (39%) and millennials (32%) were mostSource link
XRP, Dogecoin Dive 12% as Altcoin Carnage Leads to Highest Bullish Liquidation in Nearly 3 Years
Major tokens and midcaps registered one of their worst days in recent months with a sharp drop during early Asian hours on Tuesday, even as bitcoin (BTC) was relatively little changed.XRP, dogecoin (DOGE) and Cardano’s ADA fell as much as 15% in the past 24 hours, data shows, as selling pressure mounted in late U.S. hours and amplified in early Asian time. Bitcoin dropped 3%, while ether (ETH) and Solana’s SOL fell 7%, as tron's TRX nearly reversed all of last week’s gains with a 17% haircut.Overall market capitalization dropped by 6.5%, largest drop since October, while the broad-based CoinDesk 20 (CD20) index slumped 7%.No immediate reason spurred the selling pressure, but it came on the back of internet giant...
Canadian Pizza Giant Pokes Fun at Justin Sun’s ‘Banana Art’
The Tron Founder purchased and ate a $6.2 million banana at an art auction in New York City last month. Boston Pizza Releases ‘Affordable’ Pizza Version of Justin Sun’s $6.2M Banana Tron Founder Justin Sun purchased and ate the world’s priciest banana last month – a fruit with a mind-bending sticker price of $6.2 million.Source link