"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: $ 6.68 (24h Changes: -6.47 %)
Current Market Cap: $ 3,128,461,921 (24h Changes: -6.74 %)
Positive News
Coinme adds ETH, DOGE and other cryptocurrencies to Coinstar kiosks
Source: Crypto Reporter
Date: Fri, 26 Aug 2022 04:26:23
Coinme, a U.S.-based cryptocurrency cash-exchange, has announced the introduction of six new digital assets available for purchase via cash deposits at kiosk stations located across the U.S. following a partnership deal with Coinstar. Alongside Bitcoin, users will also be granted access to Chainlink, Dogecoin, Ethereum, Litecoin, Stellar, and Polygon.
Neutral News
Chainlink [LINK]: Supply shock might be in the works, here's why
Source: AMBCrypto
Date: Fri, 26 Aug 2022 03:30:06
Chainlink's [LINK] bearish mid-month performance has culminated in the undoing of its previous gains since the start of August. It is now back within the$6 to $8 range which was a familiar range in June and July.
Negative News
Chainlink price analysis: LINK prices fluctuate around $6.97 after a bearish run
Source: Cryptopolitan
Date: Fri, 26 Aug 2022 02:47:17
Recent Chainlink price analysis shows that the digital currency has been on a bearish run, with prices fluctuating around $6.97. Support for the LINK/USD pair is present at $6.97, while resistance is seen at $7.36.
UNISWAP (UNI)
Current Price: $ 6.38 (24h Changes: -10.32 %)
Current Market Cap: $ 2,911,874,698 (24h Changes: -10.08 %)
Positive News
The Uniswap Community Wants a Foundation For Development
Source: Inside Bitcoins
Date: Fri, 26 Aug 2022 13:47:01
What comes as a testament to the blockchain ecosystem's democratic nature, the Uniswap Community has unanimously voted for a new development on the platform.
Negative News
Uniswap Foundation proposal approved, how will it affect the value of the UNI token?
Source: Invezz
Date: Fri, 26 Aug 2022 05:59:50
Uniswap (UNI/USD) is essentially a decentralized exchange platform (DEX) purpose-built to enable peer-to-peer (P2P) market making. The native cryptocurrency utilized to power this DEX is the UNI cryptocurrency that allows users to trade cryptocurrencies without reliance on any third party.
AAVE (AAVE)
Current Price: $ 87.39 (24h Changes: -6.91 %)
Current Market Cap: $ 1,224,584,872 (24h Changes: -6.96 %)
Neutral News
Biggest Movers: AAVE, ADA Remain Near 1-Week Highs on Friday
Source: Bitcoin
Date: Fri, 26 Aug 2022 11:30:33
Cardano rose to a one-week high earlier in today's session, despite cryptocurrency markets mostly trading in the red. Aave was also higher on Friday, with the token remaining close to its highest point in the past week. As of writing, the global crypto market cap is 0.43% lower.
LIDO (LDO)
Current Price: $ 1.82 (24h Changes: -8.99 %)
Current Market Cap: $ 1,064,948,804 (24h Changes: -9.92 %)
Negative News
Token Powering Ethereum Staking Platform Lido Finance Tumbles
Source: Decrypt
Date: Fri, 26 Aug 2022 10:30:27
Lido Finance's native token has fallen amid slowing demand for staking and mixed expectations of the upcoming Ethereum merge event.
MAKER (MKR)
Current Price: $ 783.8 (24h Changes: -7.12 %)
Current Market Cap: $ 707,742,308 (24h Changes: -7.27 %)
Positive News
Source: Dailycoin
Date: Fri, 26 Aug 2022 02:16:10
The landscape of decentralized finance (DeFi) could soon change. A new project called Uniglo.io introduces novel concepts that could help safeguard investments for token holders.
SYNTHETIX (SNX)
Current Price: $ 2.79 (24h Changes: -6.22 %)
Current Market Cap: $ 657,230,942 (24h Changes: -6.48 %)
Positive News
Synthetix Looks For 14% Gains Following This Bullish Formation
Source: Coingape
Date: Fri, 26 Aug 2022 13:10:14
The Synthetix price analysis is bullish today. The price is gearing up to mint more gains amid the recent bullish market structure.
Neutral News
Synthetix Wants To Turn Off The SNX Money Printer Forever
Source: DCForecasts
Date: Fri, 26 Aug 2022 10:34:02
Synthetix wants to turn off the SNX money printer forever, as proposed by the founder of the DeFi system, Kian Warwick. This would mean that they will be turning off the exceptionally high yield returns for SNX stakers and capping the overall SNX token supply at 300 million.
DeFi Platform Synthetix's Founder Proposes Capping Token Supply at 300M, Here's Why
Source: Coindesk
Date: Fri, 26 Aug 2022 08:04:37
The inflationary model helped bootstrap the Synthetix ecosystem and was no longer needed, founder Kain Warwick explained.
Synthetix looks to turn off the SNX money printer once and for all
Source: Cointelegraph
Date: Fri, 26 Aug 2022 01:58:49
If the proposal were to take effect, Synthetix would much more closely resemble a traditional business by simply generating fee revenue and distributing the proceeds to SNX holders.
Negative News
Synthetix Trading Volume Reaches New Low Tumbling More Than $800 Million
Source: BeInCrypto
Date: Fri, 26 Aug 2022 01:15:00
Synthetix plunged in volume during July due to a significant decline in trading activity across centralized and decentralized exchanges. The post Synthetix Trading Volume Reaches New Low Tumbling More Than $800 Million appeared first on BeInCrypto.
