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What Happens To DeFi Today? (08 Sep 2022, Thursday)


"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.

 

CHAINLINK (LINK)

Current Price: $ 7.08 (24h Changes: 5.63 %)

Current Market Cap: $ 3,313,410,043 (24h Changes: 5.39 %)

Neutral News

Lending protocol Euler integrates Chainlink ahead of the Merge

Source: Invezz

Date: Wed, 07 Sep 2022 15:33:19

Euler Finance is adding to the list of DeFi protocols getting ready for the world's largest smart contracts network's switch from proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS) consensus, by integrating the tested and highly secure Chainlink Price Feeds on the Ethereum mainnet.

Negative News

Chainlink Price Prediction: Slump Clears the Pathway to 6.25

Source: InvestingCube

Date: Wed, 07 Sep 2022 09:29:35

The Chainlink price prediction in the short term is for the 6.25 price support to become the next target following the channel's breakdown.

Chainlink price analysis: LINK/USD dips to lows of $6.71 as a firm bearish momentum builds

Source: Cryptopolitan

Date: Wed, 07 Sep 2022 06:40:38

The latest Chainlink price analysis suggests a bearish trend for today and supports sellers as the price has undergone a considerable decrease since morning. Although the bears were in the winning position, a downtrend has been following the price since the start of this week.

Chainlink Traders Should Check These Factors Before Cutting Losses

Source: NewsBTC

Date: Wed, 07 Sep 2022 05:25:42

Chainlink price has consistently been negative as seen in the past couple of hours. Chainlink outskirting other cryptocurrencies with higher market cap. The crypto is registering weekly gains of 13%; with no red zones.  LINK price down by 9.25% Looks can deceive and Chainlink (LINK) is a proof of that as it outskirts other altcoins that have comparably higher market cap.

UNISWAP (UNI)

Current Price: $ 6.18 (24h Changes: 4.76 %)

Current Market Cap: $ 4,660,519,865 (24h Changes: 4.78 %)

Positive News

Here's Why Uniswap Holds Recovery Opportunity Despite Sudden Sell-off

Source: Coingape

Date: Wed, 07 Sep 2022 09:51:14

The UNI/USDT pair has been struggling to take support at the crucial support level of $5.72 as the increasing selling pressure teases a breakdown. However, the RSI indicator projects the possibility of a reversal with a lower price rejection as it displays a bullish divergence.

What Are The Top Crypto Tokens To Be Excited For Ripple, Uniswap, and AdirizeDAO?

Source: CoinPedia

Date: Wed, 07 Sep 2022 02:32:57

The coin market can be described as a gift that keeps giving. There's usually a crypto token to watch out for. This token usually has the potential to increase in value exponentially. Most of the wealth generated in crypto has been from these price surges.

 

AAVE (AAVE)

Current Price: $ 88.25 (24h Changes: 4.62 %)

Current Market Cap: $ 1,239,454,484 (24h Changes: 4.54 %)

Neutral News

Why Ethereum Classic, Celsius, and Aave Plunged on Wednesday Morning Only to Recover Midday

Source: The Motley Fool

Date: Wed, 07 Sep 2022 14:48:11

Crypto volatility continues with both big losses and a fast recovery taking place in a few hours.

Aave Pauses ETH Loans As Bellatrix Goes Live

Source: Crypto Daily

Date: Wed, 07 Sep 2022 05:20:00

DeFi lending protocol Aave has announced that it has paused ETH loans. The announcement comes after a community vote in favor of pausing them, given Ethereum's upcoming Proof-of-Stake upgrade, which commenced with the Bellatrix hard fork.

Will Aave's resolve to halt Ethereum loans be a successful rescue mission

Source: AMBCrypto

Date: Wed, 07 Sep 2022 04:30:18

Open-source liquidity protocol, Aave [AAVE] resolved to stop loaning Ethereum [ETH] ahead of the fast-approaching Merge. A vote was held between 30 August and 2 September for the same.

LIDO (LDO)

Current Price: $ 2.0 (24h Changes: 8.65 %)

Current Market Cap: $ 1,225,928,144 (24h Changes: 6.96 %)

Neutral News

5 Next Cryptocurrency to Explode at September 2021 Week 2

Source: Inside Bitcoins

Date: Wed, 07 Sep 2022 06:10:49

The cryptocurrency market has suffered a dip in the past 24 hours. At $985.4 billion, its total cap has sunk by 5.

Negative News

Lido DAO (LDO), Ethereum Classic (ETC) Among the Top Losers for the Day, Are the Bottoms In?

Source: CoinPedia

Date: Wed, 07 Sep 2022 09:59:25

The bearish September appears to have strengthened its roots as the prices of the asset closely related to the Merger have been challenged by the bears. The popular staking solution for Ethereum, Lido DAO has been dropping off-let and today tops the loser board.

 

MAKER (MKR)

Current Price: $ 746.34 (24h Changes: 6.53 %)

Current Market Cap: $ 672,688,366 (24h Changes: 6.53 %)

Positive News

Coinbase Publishes Governance Proposal that Could Increase MakerDAO's Revenue by $24M

Source: Coinspeaker

Date: Wed, 07 Sep 2022 09:51:41

Coinspeaker Coinbase Publishes Governance Proposal that Could Increase MakerDAO's Revenue by $24M

New Coinbase Proposal Would Boost This DeFi Protocol's Revenue By $24M Annually

Source: Benzinga

Date: Wed, 07 Sep 2022 08:32:39

U.S. crypto exchange Coinbase Global Inc (NASDAQ: COIN) has put out a new proposal that would increase Maker DAO's (CRYPTO: MKR) revenue by $24 million a year. What Happened: In a new governance proposal released on Tuesday, Coinbase proposed transferring 33% or $1.6 billion of USD Coin (CRYPTO: USDC) on MakerDao's Peg Stability Module (PSM) into Coinbase's yield-bearing account.

Coinbase submits proposal that could earn MakerDAO $24M annually

Source: CryptoSlate

Date: Wed, 07 Sep 2022 06:41:18

Coinbase has submitted a proposal that could see MakerDAO (MKR) earn up to $24 million annually if passed. The post Coinbase submits proposal that could earn MakerDAO $24M annually appeared first on CryptoSlate.

 

The thumbnail image of this article was taken from Unsplash, and granted the free rights to use under the Unsplash License by https://unsplash.com/@kanchanara

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


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