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Daily Crypto News

May 12 Daily report: Yearn Finance surges 45%, Uniswap flips Bitcoin on daily revenue, EOS and YFI lead altcoins higher, Dogelon Mars, Shiba Inu, and Dogecoin take the lead and Enjin takes an interest in the project that delivers physically-backed NFTs

Uniswap flips Bitcoin on daily revenue and it’s more impressive than you think

Uniswap flips Bitcoin, Liquidity provider fees for Uniswap have surpassed BTC network revenue on a seven-day average. Uniswap has surpassed Bitcoin in terms of daily fee generation for two days in a row. Uniswap had generated $7.1 million in fees over the past 24 hours compared to Bitcoin’s $4.6 million.

Yearn Finance surges 45% as it joins dog pack with WOOFY

Yearn Finance is up nearly 45% in 24 hours, and it appears to be thanks to the team’s new dog token offering a bi-directional peg to YFI. Despite Dogecoin retracing from its all-time highs above $0.70, dog tokens continue to attract astonishing levels of popularity, with Defi “blue-chip”.

EOS and YFI lead altcoins higher as Bitcoin and Ether bounce from swing lows

YFI, EOS and REV notched double-digit rallies as altcoins capitalized on the oversold bounce in Bitcoin and Ethereum price. The markets were mixed on May 11 as Bitcoin (BTC) recovered from Monday’s drop to $53,000 by bouncing to $56,862 but the digital asset is still finding resistance at the $57,000 level.

Dogelon Mars, Shiba Inu and Dogecoin take the lead

Canine-themed meme tokens like ELON, SHIB and DOGE have taken control of the market while Bitcoin consolidates below $57,000 and Ethereum holds above the $4,000 mark. The biggest event generating conversations across the crypto sector and social media is the rise of dog-themed tokens inspired by the recent mega rally from Dogecoin (DOGE).

Enjin takes an interest in the project that delivers physically-backed NFTs

A new NFT marketplace plans to make tokenized art and media real, putting it on things like T-shirts and hats, and even 3D printing them. A big milestone for Enjin came in March when Efinity was unveiled — a next-generation NFT blockchain built on Polkadot. Uniqly describes itself as a “bridge between virtual nonfungible tokens and real-world goods”

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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 ...
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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 ...
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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 ...
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