The redemption plan for the protocol seems heavily biased towards benefiting employees and Parrot's venture investors.
The redemption plan for the protocol seems heavily biased towards benefiting employees and Parrot's venture investors.
As per the blockchain data, the lending platform is well-positioned to eliminate approximately $7 million worth of MKR governance tokens from the market in the coming month.
Selling pressure might have emerged due to a revised U.S. bill that excludes various traditional securities from being categorized as 'digital assets,' a development that some believe could have negative implications for the DeFi market.
There are valuable insights to be gleaned from the introduction of the inaugural Gold ETF, yet delving into history requires a cautious approach as well.
The incinerated tokens are now irreversibly obliterated, enhancing the value of circulating tokens in the event of increased demand.
In the past 24 hours, the open interest for XRP-based futures contracts surpassed an impressive milestone, reaching a staggering $1.1 billion.
The potential addition of XRP to the holdings of crypto index funds could generate an additional surge in buying pressure for the token, as suggested by an analyst.
The destiny of the U.S. dollar index has a significant impact on global liquidity conditions, which subsequently affects various risk assets, including cryptocurrencies.
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Ripple's XRP, Solana's SOL, and Lido Finance's LDO experienced a decline of over 4% within the past 24 hours.