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Kaiko stated that Curve Finance’s CEO’s latest CRV deposit was done to protect him from liquidation. The blockchain intelligence firm noted that the CEO has 200 million CRV backing a 60 million USDT loan. Their report also suggested that there may not be enough liquidity to back the CEO’s position if it gets liquidated. In a report published earlier today, the blockchain intelligence firm Kaiko noted that the CEO of  Curve Finance, Michael Egorov, deposited $35 million worth of CRV to Aave V2 in 3 large transactions over the past few weeks. According to the firm, these deposits may be an attempt to protect his large lending position on DeFi lending protocols from liquidation. Last week, some observers raised concerns about a large lending and borrowing position on Aave, totaling about $200mn $CRV and $60mn $USDT. But how concerned should we really be? Check out this week's Deep Dive ️ https://t.co/ft0wARWxSW — Kaiko (@KaikoData) June 22, 2023 ...

Uniswap Price Prediction for June 2023: Is Uniswap a Good Investment? Uniswap, the leading decentralized exchange (DEX) built on the Ethereum blockchain, has gained significant attention in the cryptocurrency market. With its innovative approach to automated market making and peer-to-peer token swapping, Uniswap has become a prominent player in the world of decentralized finance (DeFi). In this article, we will delve into the future of Uniswap and provide a comprehensive price prediction for June 2023. We will also explore whether Uniswap is a good investment option for crypto enthusiasts. Uniswap Overview Uniswap operates on the principles of decentralization and permissionless trading. Unlike traditional exchanges, Uniswap does not rely on order books or intermediaries. Instead, it utilizes smart contracts to create liquidity pools where users can trade ERC-20 tokens directly. This eliminates the need for KYC norms and user deposits, making it accessible to anyone with an Ethereum wa...

The arrival of Bitcoin ordinals in Q1 2023 proved to be a game-changer. Within no time, the blockchain managed to flip Cardano and Solana to claim the second spot in NFT sales. Even miners have been benefiting from the same. A recent Analysis from Glassnode revealed that miners have earned more than 1.7k BTC, roughly worth $50,000, via fees from inscription transactions. The same accounts for nearly a quarter of the total miner revenue [$227.8 million] earned via fee since the end of January. Since inception, #Bitcoin Miners have generated +1761 BTC ($49.9M) in transactions fees from Inscription transactions, contributing to 22% ($49.9M / $227.8M) of Miner Revenue from Fees since 23-01-2023. pic.twitter.com/BmwMjNFRaq — glassnode (@glassnode) June 21, 2023 Also Read: MicroStrategy’s 140,000 Bitcoin Allocation Turns ‘Profitable’ Well, even though Inscriptions have helped supplement’ revenue, miners have not essentially been able to take a breather. Recently, Bitcoin miners in Texas had...

There are currently more than 34,000 types of BRC-20 tokens in circulation. On June 21, self-custody wallet provider BitKeep announced support for BRC-20 tokens issued on the Bitcoin network. With the feature, users can view, rank and transfer BRC-20 tokens and nonfungible tokens (NFTs). Developers also stated BRC-20 in-wallet swaps are coming “in [the] future."  Last month, cryptocurrency exchange OKX also announced support for BRC-20 assets via the OKX Wallet app. Many centralized and decentralized exchanges have also rolled out BRC-20 support.  Although bullish on its outlook, Trust Wallet currently does not support BRC-20 token s. They also cannot currently be stored on MetaMask.  Best wallet for your #BRC20 assets! ️ Great news: BitKeep now supports #BTC #Taproot addresses! Easily manage your #Ordinals BRC20 Token/NFT assets in BitKeep wallet, and complete transactions with a simple click In future, we will also support the BRC20 #Swap function! pic.twitter.com/W48wsNH5k...

According to crypto reporter Colin Wu, Huobi Global is being sued by its founder Li Lin. The suit is in regard to the use of its Chinese trademark. The firm allegedly does not have permission to use the trademark as part of the acquisition contract. Li sold his stake in the exchange to Hong Kong-based investment firm About Capital. About Capital is spearheaded by Tron (TRX) founder Justin Sun. As per the report, Lin’s X-Spot Co., Ltd. filed a lawsuit against Huobi Global Limited in the High Court of the Hong Kong Special Administrative Region. The exchange reportedly began re-using the “Huobi” trademark after Sun blocked Lin’s brother’s account. According to the ownership transfer and asset delivery agreement between the two parties, the buyer is reportedly not permitted to use the “Huobi” name or brand. What does the filing claim about Huobi’s trademark? Wu says that, according to the indictment, X-Spot Limited has maintained sole ownership of the “Huobi” trademark. Additionally, it c...

Join Our Telegram channel to stay up to date on breaking news coverage Sri Lanka has joined other nations in embracing crypto, following a major boom in this sector. The country has selected a committee whose main objective will be to research and find out ways to adopt blockchain and crypto mining technologies. A letter by the Director-General of Government Information in Sri Lanka, Mohan Samaranayake, states that the relevant authorities have approved a proposal that targets the blockchain and cryptocurrency sectors and ways to attract such innovation. Following the steps made by other Countries Samaranayake stated that the relevant authorities in the country had assessed the need for creating an integrated system that will support digital banking, blockchain and crypto mining technologies. He further noted that this move would enable Sri Lanka to be at the same level as other countries already in this sector. “This committee will be mandated to study the regulations ...

A recent research report by Bernstein highlights the potential for tokenization to become a $5 trillion opportunity over the next five years. Stablecoins and central bank digital currencies (CBDCs) pose as drivers for this revolution. The report speculates approximately 2% of the global money supply, equivalent to around $3 trillion, tokenized during this period. This offers operational efficiencies, liquidity, and accessibility to real-world assets through blockchain-based tokens. Stablecoins and CBDC tokens, coupled with yield farming in decentralized markets, will compete with bank deposits as an investment or saving instrument. Tokenization Poised for $5 Trillion Opportunity Driven by Stablecoins and CBDCs, Says Bernstein Tokenization involves the conversion of real-world assets into digital tokens on a blockchain. The report identifies several areas where tokenization is expected to significantly impact private market funds, securities, real estate, and currency. This is throu...

International Monetary Fund (IMF) managing director Kristalina Georgieva revealed that the IMF is actively developing a platform dedicated to facilitating transactions between countries via central bank digital currencies (CBDCs). This move reflects the IMF’s commitment to fostering global interoperability by encouraging central banks to establish a unified regulatory framework for digital currencies. Avoiding fragmented national approaches Speaking at a conference attended by African central banks in Rabat, Morocco, IMF managing director Kristalina Georgieva emphasized the importance of avoiding fragmented national approaches when it comes to CBDCs. Georgieva underscored the need for interconnected systems and global interoperability to achieve more efficient and equitable transactions. Her remarks emphasized the significance of developing CBDCs that go beyond national boundaries. She stressed that for transactions to be truly efficient and fair, it is crucial to establis...

NFTs might never boom at quite the same pitch they once did. With his first solo show in 25 years, Kenny Schachter sought to demonstrate how that’s a good thing. With crypto in a state of turbulent flux, a demographic of nonfungible token (NFT) detractors in the fine art world might feel trigger-happy to, at last, declare the industry down for the count.  Meanwhile, artist, critic, dealer, educator and outspoken NFT proponent Kenny Schachter is celebrating the conclusion of Slow Food — his first New York City art exhibition in 25 years — at The NFT Gallery on Manhattan’s Lower East Side, fresh off the heels of headlining NFT Art Day ZRH in Zurich, Switzerland, coinciding with the iconic annual Art Basel art fair, less than 50 miles away. In June 2022, Schachter had just presented the first-ever NFT booth wall at Art Basel with Galerie Nagle Draxler, expanding the acceptance of NFTs just before profile pictures became the face of their demise. Soon after, Schachter was spotted among th...

Defining BitGo CEO’s Support for Ripple In a Twitter post , Belshe clarified that his support for Ripple’s victory in the lawsuit was not driven by personal affection for XRP but rather by a desire to bring about regulatory change.  advertisement He expressed the belief that a favorable outcome for Ripple would pave the way for regulatory frameworks that foster innovation, just as Bitcoin (BTC) was allowed to develop without being stifled by regulatory burdens in its early stages. In his statement, BitGo CEO Mike Belshe drew a parallel between the early days of Bitcoin and the current situation with Ripple and XRP. Belshe pointed out that Bitcoin, despite its vision of decentralization, had a centralized aspect in its early years, similar to Ripple.  Consequently, he suggested that if Bitcoin had been subjected to the same regulatory scrutiny as Ripple is facing now, it could have been labeled a “security”. Re...

The Blockchain Association, a prominent US crypto lobbying group, has lodged a formal inquiry with the US Securities and Exchange Commission (SEC) to acquire information about the relatively unknown crypto firm, Prometheum. This move comes after Prometheum’s CEO, Aaron Kaplan, recently testified at a House hearing, expressing support for regulating cryptocurrencies under securities laws, in contrast to other industry proponents. On June 15, Marissa Coppel, counsel for the Blockchain Association, expressed skepticism about Prometheum’s regulatory approval as a special purpose broker-dealer (SPBD) for digital assets, especially given the SEC’s ongoing strict enforcement measures. Coppel further questioned how Kaplan could testify at a Congressional hearing on crypto regulations. 2/ The CEO somehow gets a seat in front of Congress and argues that Prometheum represents the compliant path for digital assets. And they've paid $1.5+ million in sales commissions to ...

PEPE Oscillates within a Certain Range as It Rises above $0.0000008354 – June 15, 2023 PEPE/USD made a comeback on June 6 when the cryptocurrency rallied above the moving average lines as it rises above $0.0000008354. The coin was rejected at the 50-day SMA on June 9, continuing the bullish momentum. This is the cause of the current decline. The bearish momentum has broken through the $0.0000010000 support. Pepe Price Statistics Data: •Pepe price now – $0.000009011 •Pepe market cap – $353M •Pepe circulating supply – 391,790,000,000,000 PEPE •Pepe total supply – $378,914,890 •Pepe Coinmarketcap ranking – #88 Resistance Levels: $0.0000015000, $0.0000016000, $0.0000017000 Support Levels: $0.0000011000, $0.0000010000, $0.0000009000 PEPE/USD has been oscillating between price levels of $0.0000010000 and $0.0000012000 since the most recent breakdown on June 5. On June 10, as the altcoin fell to a low of $0.0000008354, seller...

Ripple is pressing forward by partnering with Banco de la República, Colombia’s central bank, to probe the potential applications of blockchain technology in the financial sector, and a CBDC. Amid a two-year-long battle with the U.S. Securities and Exchange Commission (SEC), Ripple hasn’t missed a beat in progressing its network. The SEC accused Ripple of treating XRP, its native token, as a security. Nonetheless, the lawsuit didn’t deter Ripple’s ability to grow. Recent development s highlight Ripple’s partnership with Colombia’s central bank, Banco de la República, signifying its ongoing commitment to exploring and innovating blockchain technology applications. BOOOOOOOOOOOOOM !!!! #RIPPLE partners with CENTRAL BANK OF COLOMBIA to build CBDC based upon the #XRPL #XRP to take over the FINANCIAL SYSTEM pic.twitter.com/VvQ63UxciI — EDO FARINA 🅧 XRP (@edward_farina) June 15, 2023 Banco de la República, together with the Ministry for th...