Sirwin
Sirwin

What Happens to DeFi Today ? (14 FEB 2023)


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

Recently, we have just launched our website, which aggregates all tools we have developed to help you in becoming an informed and data-driven savvy investor ->> https://quantifining.com/

Here are the news for you today.

CHAINLINK (LINK)

Current Price:  $ 6.65 (24h Changes: -0.13 % )

Current Market Cap:  $ 3,265,016,220 (24h Changes: -0.09 % )


LINK-Positive News

1. Chainlink adoption update: What LINK holders should know before exiting
Source:  AMBCrypto
Date:  Mon, 13 Feb 2023 13:30:04

Chainlink [LINK] adoption has been on the rise as the blockchain continues to expand its integrations. LINK recently announced multiple new integrations across four chains- Avalanche, BNB, Ethereum, and Polygon.


LINK-Negative News

1. ChainLink price analysis: LINK loses value at $6.7
Source:  Cryptopolitan
Date:  Mon, 13 Feb 2023 02:48:41

ChainLink price analysis for February 13, 2023, reveals the market following a consistent movement, showing dormant momentum, signifying stability for the LINK market. The price of ChainLink has remained bearish over the past few hours.

UNISWAP (UNI)

Current Price:  $ 6.26 (24h Changes: -0.12 % )

Current Market Cap:  $ 4,715,440,535 (24h Changes: -0.42 % )


UNI-Negative News

1. Uniswap price analysis: UNI drops to $6.33 as bears still dominate the price function
Source:  Cryptopolitan
Date:  Mon, 13 Feb 2023 01:44:35

The Uniswap price analysis indicates that the price of the cryptocurrency has decreased today as bears once again grabbed control of the market. The price has dropped to the $6.33 level as a result of the ongoing imbalance in price movements, and the bears are attempting to establish a bearish trend for today.

AAVE (AAVE)

Current Price:  $ 81.21 (24h Changes: 6.14 % )

Current Market Cap:  $ 1,155,840,244 (24h Changes: 6.54 % )


AAVE-Neutral News

1. Aave Price Jumps 8%; Is This Rally A Bull Trap?
Source:  Coingape
Date:  Mon, 13 Feb 2023 10:22:52

The past three months' price action of AAVE coin price showed a simple formation of the cup and handle pattern. However, amid the recent sell-off, the AAVE price lost a crucial support of $80, indicating the bullish pattern got invalidated.

2. Aave community initiates proposal to freeze BUSD with Paxos' halt of token minting imminent
Source:  CryptoSlate
Date:  Mon, 13 Feb 2023 11:37:18

The Aave community is currently considering a proposal to freeze the BUSD reserve on the Aave V2 market in light of Paxos' move to stop minting BUSD.


AAVE-Negative News

1. Aave Community Mulls Freezing Binance Stablecoin Amid SEC Pressure
Source:  Coindesk
Date:  Mon, 13 Feb 2023 09:44:39

Members of the Aave community are examining whether to freeze BUSD on the platform and the stablecoin's issuer, Paxos, was sued by the SEC today.

2. Aave To Freeze BUSD Reserves On Ethereum
Source:  EWN
Date:  Mon, 13 Feb 2023 10:00:21

Aave community member Marc Zeller proposed halting the BUSD lending market on Ethereum.Zeller argued that the Paxos-issued stablecoin was bound to decline in supply and inability to mint new tokens would affect peg arbitrage opportunities.The proposal was submitted shortly after U.S. regulators ordered Paxos to halt minting new BUSD coins and teased a lawsuit against the regulated crypto trust company.  An Aave governance proposal from community member Marc Zeller suggested freezing BUSD reserves on the Ethereum blockchain.

3. Aave Considers Freezing Freezing BUSD Following NYDFS Enforcement
Source:  CryptoPotato
Date:  Mon, 13 Feb 2023 14:00:04

Aave may distance itself from BUSD before redemptions for the token possibly shut down next year. 

LIDO-DAO (LDO)

Current Price:  $ 2.35 (24h Changes: -1.82 % )

Current Market Cap:  $ 1,985,610,393 (24h Changes: -1.78 % )


LDO-Positive News

1. SEC crackdown could ‘benefit' decentralized staking if it isn't banned – Lido exec
Source:  CryptoSlate
Date:  Mon, 13 Feb 2023 04:40:20

Jacob Blish, head of business development at the decentralized autonomous organization (DAO) that runs Lido Finance, said the SEC's enforcement actions are likely a “net benefit” for decentralized liquid staking providers but added that it “really depends on what the final resolution is,” Bloomberg News reported.

2. Lido retains its spot as the leading DeFi protocol, the reason isn't surprising
Source:  AMBCrypto
Date:  Mon, 13 Feb 2023 09:30:46

With a 16.77% market share of the $47.2 billion worth of crypto assets locked on several decentralized finance (DeFi) protocols, Lido Finance (Lido) retains its spot as the leading project with the highest total value locked (TVL).


LDO-Neutral News

1. SEC's crypto staking crackdown has uncertain consequences for DeFi: Lido Finance
Source:  Cointelegraph
Date:  Mon, 13 Feb 2023 00:59:31

A Lido DAO member raised concerns over what impact the SEC's crackdowns on staking could mean for the future of DeFi in the U.S.


LDO-Negative News

1. Biggest Crypto Staker Lido Expresses Concerns for DeFi Post SEC's Kraken Crackdown
Source:  Coingape
Date:  Mon, 13 Feb 2023 00:19:35

Last week's SEC's crackdown on the Kraken exchange and the shutdown of its crypto staking services set a new precedence for the agency's enforcement in the crypto space. Now, the DeFi space could face similar challenges ahead.

2. Why Coinbase, Silvergate, and Lido DAO Are All Down on Monday
Source:  The Motley Fool
Date:  Mon, 13 Feb 2023 14:47:58

The SEC's war on crypto is expanding.

3. Is DeFi in Trouble? Largest Crypto Staker Lido Sounds Alarm After SEC's Kraken Crackdown
Source:  CoinPedia
Date:  Mon, 13 Feb 2023 03:00:48

Lido Finance, one of the largest liquid staking programs with over 5 million staked Ethers, has issued uncertainty concerns on the status of Decentralized Financial ecosystems (DeFi) following last week's $30 million settlement of Kraken exchange with the U.S SEC.

 

How do you rate this article?

31


quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
What Happens To Crypto Today?

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

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.