Renzo Restaked ETH Suffers a Brief Crash on Uniswap

Renzo Restaked ETH Suffers a Brief Crash on Uniswap

“People sold ezETH on Uniswap, and they had lower liquidity, so the slippage caused the price to drop to below $700, which caused massive liquidation on [generalized leverage protocol] Gearbox and [lending protocol] morpho,” Hitesh Malviya, founder of crypto analytics platform DYOR, told CoinDesk. SOURCE

Bitcoin Bulls Pin Hopes on Weaker Dollar to Extend Rally

Bitcoin Bulls Pin Hopes on Weaker Dollar to Extend Rally

The U.S. dollar is a global reserve and invoicing currency, playing a major role in international debt, non-bank borrowing, and global trade. When the dollar appreciates, USD-denominated debt becomes expensive, which, in turn, disincentivizes risk-taking in financial markets. A weaker dollar has the opposite effect. As such, over the years, bitcoin and the broader crypto … Read more

What’s at Stake for Crypto in India As the World’s Largest Democracy Is in the Midst of Its National Election?

What’s at Stake for Crypto in India As the World’s Largest Democracy Is in the Midst of Its National Election?

Neither major party, Modi’s BJP nor the INC, have mentioned the words cryptocurrency, blockchain or Web3 in their manifestos. However, this isn’t necessarily reflective of their plans toward the ecosystem. Indian government and political stakeholders, like other nations, have often used euphemisms to refer to the crypto-related space. SOURCE

Tether Will Freeze Wallets Evading Venezuelan Sanctions

Tether Will Freeze Wallets Evading Venezuelan Sanctions

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