Categories
Daily Crypto News

April 7 Daily report: Polkadot futures open interest hits $1B, Kusama (KSM) is set to change the crypto landscape, Litecoin On The Verge Of Monster Move Against Bitcoin, Defi heats up and Balancer to Appear Outside Ethereum

Polkadot futures open interest hits $1B, Kusama (KSM) is set to change the crypto landscape, Litecoin On The Verge Of Monster Move Against Bitcoin, Defi heats up and Balancer to Appear Outside Ethereum

Share with Others

Polkadot futures open interest hits $1B as DOT price reaches a new ATH

The open interest of Polkadot futures soared to $1 billion, eclipsing Litecoin and XRP to make DOT the third-largest futures market. Now that DOT’s open interest is climbing to a new record high at $1 billion, investors may be worried that another price crash is on the way.

Kusama (KSM) is set to change the crypto landscape

Kusama (KSM) has been showcasing solid financial momentum in recent months, with the value of the cryptocurrency rising from $66 to a whopping $435 over the course of the last 90-days, thereby showcasing a gain of more than 600%. As a result, Kusama has been able to overtake many prominent projects including Tezos, NEO, NEM.

Litecoin On The Verge Of Monster Move Against Bitcoin

Bullish technicals on the LTC-BTC trading pair are indicating a massive move against Bitcoin. Turning upward the last time in early 2017, took Litecoin to its current all-time high. After holding onto the top ten like a champ, it could finally be time for digital silver to shine.

Celer (CELR), Cartesi (CTSI) and Compound (COMP) rally as Defi heats up

Aiming to reduce the cost of transacting within Defi is attracting developers and investors to Celer Network, Cartesi and Compound. Decentralized finance assets have also rallied significantly as the total value locked in Defi reached $100 billion on April 6 according to data from Defi Llama. At the start of the year, the TVL metric was only $20.74 billion, which shows there has been a massive amount of growth in the space.

Balancer to Appear Outside Ethereum Could Become Algorand’s Uniswap

Balancer, one of the largest decentralized exchanges built on Ethereum, is coming to Algorand. It’s yet another example of a large Defi project expanding beyond Ethereum to one of the Ethereum blockchain’s rivals. In doing so, it beats out larger rival AMMs Uniswap and SushiSwap.

Tax on Cryptocurrency In India – Complete Guide 2022

Wondering how taxation on crypto works in India? How much do you have to pay tax on cryptocurrency in India? How 1% TDS is levied on crypto? Don’t worry we ...
Read More

New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
Read More

USDC Sees Native Launch on Avalanche

USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge ...
Read More

Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ...
Read More

Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes

On Thursday, the German multinational corporation Adidas announced the launch of the company’s first Adidas Originals NFT collection. The Adidas Originals NFT drop is in partnership with the Bored Ape ...
Read More
Share with Others