Uniswap’s 7-day trading volume stood at $9.7 billion during this publication. That saw it extending its dominance in the decentralized exchange (DEX) market. Furthermore, Uniswap exceeded Coinbase in trading volume recently. That also confirms the flourishing reputation of DEXs within the industry. Nevertheless, does Uniswap has all it takes to conquer challenges from rivals like … Read more
BP share has seen recoveries within the last few days. The firm will announce its quarterly earnings tomorrow, Tuesday. The form will likely publish profitability and impressive revenue. BP’s share price recorded a massive recovery over the last few days as market participants await upcoming financial results for the company. The stock climbed towards the … Read more
Cardano might have delayed the plan to enhance scalability within the network. Nevertheless, the proof-of-stake-based crypto didn’t appear concerned about the development. July 29 sessions saw ADA flipping Ripple’s XRP to become the 7th largest crypto by market cap. Deferment Not Denial Santiment revealed that the flip occurred as Cardano’s social and on-chain metric exploded … Read more
Today’s sessions saw the global crypto market cap on a brief drop as the U.S economy recorded declines for two successive quarters in what defines a recession. Though the fear & greed index saw its best performance on Friday (since April), investors would likely remain on their toes, affecting the market. Slight losses noted by … Read more
The stock market might not appear inviting today, with leading indexes declines and the strongest stocks struggling. However, bear markets are an opportunity for long-term investors. It’s challenging to maintain enthusiasm when interacting with bear markets. Witnessing leading indexes dropping over 20% from previous highs can be frustrating. However, giving up could be the worst … Read more
Kraken encountered a similar suit in 2019. A former worker accused the firm of generating cash from accounts of sanctioned nations. The United States Treasury investigated whether the Kraken exchange allowed Iranian to trade digital tokens. The trading platform has been under the radar since 2019, and reports suggest it might encounter penalties, paying fine. … Read more
DAX index has encountered massive resistance over the last few days. ECB hiked rates last week. Russia slashed Europe gas supplies this week. The DAX index retraced on Tuesday as market players continued to ponder corporate earnings, hawkishness by the European Central Bank and Federal Reserve, and the gas crisis in Europe. The index plummeted … Read more
The latest cryptocurrency credit crisis revealed DeFi protocols’ resilience compared to centralized lenders. Uniswap is among the platforms that stayed afloat amidst current intense market situations. Let us dig deeper. Up & Away Uniswap took a massive blow during the latest crypto winter, similar to the overall cryptocurrency sector. However, the recent relief phase with … Read more
FTX crypto exchange has decided to rescue Voyager, the sinking player in the crypto space. FTX CEO Bankman-Fried provided Voyager a resurrection plan that could aid the latter from deteriorating. Voyager suspended user transactions on July 1. Nevertheless, customers could cash out their money and receive investment refunds. Ready to Sail? Voyager Digital customers eventually … Read more
Cardano dropped below its 50DMA and $0.05 on Thursday and might test the $0.46 mark before rebounding to weekly highs. Thursday’s broad market pullback saw Cardano falling from Wednesday’s peak near $0.55. ADA remained primed for more declines as it declined beneath the 50DMA of $0.4950. Meanwhile, retesting $0.46 support could attract bulls and catalyze … Read more
