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Jito has become the largest DeFi protocol on the Solana blockchain. Jito now holds 10 million SOL ($1.4 billion) in total value locked.
JPMorgan analysts maintain a ‘cautious’ stance on crypto in the near term due to a lack of positive catalysts and declining retail investor interest.Last month, the analysts said the bitcoin price is expected to fall post-halving as the event was already priced in.
“Over the years, Dogecoin appears to mirror its previous bull cycles! All you need is a little bit of patience,” the analyst argued.
Bitcoin derivatives traders are bracing for a summer slowdown in market activity, according to an analyst.
BTC fell well below the $60K mark, SHIB burn rate experienced a significant increase, while XRP remained steady amid the market havoc.
AltLayer has introduced its restaked ALT (reALT) token as the rollup platform begins the second phase of its staking program. Restaked ALT is an auto-compounding ERC-20 token issued to users staking ALT in AltLayer’s main staking pool.
The U.S. spot bitcoin ETFs recorded their largest net daily outflows on Wednesday, with $563.7 million leaving the funds, according to SosoValue data.Fidelity’s FBTC saw $191 million moved out of the fund, exceeding the $167.3 million net outflow recorded by Grayscale’s GBTC.BlackRock’s IBIT saw its first net daily outflow.
Aave Labs unveiled its plans for Aave V4, holding up its long list of new and improved protocol features up to public scrutiny.
Pump.fun reached over $5 million in revenue in under two months and its daily revenues peaked in early April. The memecoin sector looks to be getting a second life this past week. This is an excerpt from The Block’s Data & Insights newsletter.
Bitcoin’s price increased back above the $58,000 mark on Wednesday after the Federal Reserve held interest rates at the current range of 5.25%-5.50%.