Sirwin
Sirwin

What Happens To DeFi Today? (01 Feb 2023, Wednesday)


"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily.

Here are the news for you today.

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CHAINLINK (LINK)

Current Price: $ 6.99 (24h Changes: 1.98 %)

Current Market Cap: $ 3,440,939,254 (24h Changes: 1.78 %)

Positive News

Top Binance Chain Tokens to Watch In February 2023; Here are Best Picks

Source: Coingape

Date: Tue, 31 Jan 2023 07:55:04

BNB Chain is one of the most popular DeFi ecosystems and the low-cost alternative to Ethereum. There are now 1000+ projects and tokens deployed on the platform, and selecting the best can be a little overwhelming.

Negative News

ChainLink price analysis: LINK value declines to $6.9 after bearish interference

Source: Cryptopolitan

Date: Tue, 31 Jan 2023 09:44:53

ChainLink price analysis for January 31, 2023, reveals the market following a downward movement, showing decreasing momentum, signifying negativity for the LINK market. Over the previous several hours, ChainLink's price has stayed negative.

These Altcoins Might Drop More Than 10% in Coming Week!

Source: CoinPedia

Date: Tue, 31 Jan 2023 01:09:11

At the start of trading today, the cryptocurrency market experienced a sharp decline. The value of the two largest cryptocurrencies, Bitcoin and Ethereum, both dropped by around 2% in a matter of hours, wiping out their earlier gains.

 

UNISWAP (UNI)

Current Price: $ 6.6 (24h Changes: 2.96 %)

Current Market Cap: $ 4,980,802,874 (24h Changes: 2.59 %)

Positive News

Wormhole Wins Vote to be Uniswap's Designated Bridge to BNB Chain

Source: Coindesk

Date: Tue, 31 Jan 2023 14:05:33

Uniswap aims to deploy its V3 decentralized exchange on BNB Chain before its business source license expires on April 1. LayerZero, a target of recent criticism for under-publicized security risks, finished second in the voting.

Why It Makes Sense to Buy Uniswap Now

Source: The Motley Fool

Date: Tue, 31 Jan 2023 05:17:00

This sector leader looks ready to take off when the global economy gets back on its feet.

Neutral News

Ripple sold $226,31M XRP and the EVM launched that DeFi applications like Uniswap and Aave can run on XRPL

Source: CryptoNewsFlash

Date: Tue, 31 Jan 2023 08:32:15

Ripple said its sales of XRP slowed in its latest Q4 market report.

Uniswap on BNB Chain: Wormhole wins bridge selection vote

Source: The Block

Date: Tue, 31 Jan 2023 06:59:33

Uniswap's proposed deployment on BNB Chain took a slight detour as the DAO had to vote to select a single crypto bridge provider.

Uniswap: problems with the LayerZero bridge

Source: The Cryptonomist

Date: Tue, 31 Jan 2023 03:32:14

It is actually losing the poll that ends today, albeit by a small margin

Negative News

Uniswap price analysis: UNI drops below $6.48 following a downward slide

Source: Cryptopolitan

Date: Tue, 31 Jan 2023 10:10:24

Uniswap price analysis shows alarming signals of a downturn as the price has been trending downward over the past day. Despite the fact that the cryptocurrency was bullish earlier this week, bears have grabbed control and dragged UNI/USD prices down to $6.48 at the time of writing.

 

AAVE (AAVE)

Current Price: $ 82.91 (24h Changes: 3.97 %)

Current Market Cap: $ 1,183,960,729 (24h Changes: 3.63 %)

Positive News

AAVE's price consolidation could end at this range: Will investors benefit

Source: AMBCrypto

Date: Tue, 31 Jan 2023 01:30:53

Aave's [AAVE] recent rally offered investors and traders impressive returns. It rose from $52 to $91, posting over 70% gains.

Neutral News

Ripple sold $226,31M XRP and the EVM launched that DeFi applications like Uniswap and Aave can run on XRPL

Source: CryptoNewsFlash

Date: Tue, 31 Jan 2023 08:32:15

Ripple said its sales of XRP slowed in its latest Q4 market report.

 

LIDO DAO (LDO)

Current Price: $ 2.19 (24h Changes: 8.12 %)

Current Market Cap: $ 1,834,019,656 (24h Changes: 8.17 %)

Positive News

Ethereum (ETH) Staked on Lido Finance Sets New Milestone: Details

Source: UToday

Date: Tue, 31 Jan 2023 10:53:00

The amount of ETH staked on Ethereum's largest liquid-staking protocol, Lido Finance, has just reached $5 million, according to on-chain's analytics platform, IntoTheBlock. Following the Ethereum Merge, the popularity of liquid staking protocols such as Lido Finance has increased.

Neutral News

Lido Finance (LDO) Price Drop Caused by This Group of Traders

Source: UToday

Date: Tue, 31 Jan 2023 03:21:00

The price performance of LDO during this market recovery has not been truly explosive as the asset has gained almost 200% at the local high, showing one of the highest returns on the market. However, the situation is rapidly changing, and moves made by this group of traders show their involvement in Lido's most recent moves on the market.

Negative News

Jump Trading Transfers Lido: LDO Price Dips As Sell Pressure Increases

Source: CoinPedia

Date: Tue, 31 Jan 2023 06:02:33

After holding Lido DAO (LDO) tokens for nearly six months without selling, investment company Jump Trading has engaged in a series of LDO token transfers to the Binance cryptocurrency exchange. The Jump Trading LDO transfers have coincided with price dips due to an increase in sell pressure.

Lido's price decline tied to Jump Trading dumping, analyst says

Source: CryptoSlate

Date: Tue, 31 Jan 2023 03:21:18

On-chain analyst Lookonchain has tied Lido's (LDO) recent sharp decline to crypto company Jump Trading in a January 31 Twitter thread.

This Crypto Token Fell 20% After Trading Firm Dumps Tokens To Binance

Source: Coingape

Date: Tue, 31 Jan 2023 02:30:54

U.S.-based trading firm Jump Trading, which was heavily involved in the Terra-LUNA crisis, started transferring Lido DAO (LDO) tokens to crypto exchange Binance, causing LDO prices to drop by over 20% since Thursday. A series of transfers have raised eyebrows about why Jump Trading started dumping Lido's native utility token LDO suddenly and how it The post This Crypto Token Fell 20% After Trading Firm Dumps Tokens To Binance appeared first on CoinGape.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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