"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.
Recently, we have just launched a news sentiment analysis tool that utilizes machine learning, natural language processing and big data to allow users to determine the collective sentiment in online news stories about a specific cryptocurrency.
Interested in our product? It's available for free here -> ChainMetrics.ai
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
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
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.
