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Markets

MakerDAO’s MKR Soars 28% in a Week as Token Buyback Scheme Goes Live

The lending platform is on track to remove some $7 million of MKR governance tokens from the market in the next month, according to blockchain data.

MKR weekly price (CoinDesk)

Markets

SOL, XRP Lead Slide in Crypto Majors as Bitcoin Lingers Below $30K

Some of the selling pressure may have also arisen as U.S. House Republicans introduced a new digital assets oversight bill on Thursday that aims to establish a regulatory framework to protect investors in the crypto sector.

(AhmadArdity/Pixabay)

Markets

Move Over Shiba Inu: Crypto Community Flirts With Hamster Race Betting

A bunch of actual hamsters are racing on a new platform, and returns-starved traders are placing BUSD-based bets on who wins.

Hamster racing appears to be the new craze for the crypto community. (Catherine Falls Commercial/Gettyimages)

Markets

Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows

Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.

BTC daily price (CoinDesk Indices)

Markets

XRP Soars 10%, Lifting Altcoins as Bitcoin Dominance Teeters at 1-Month Low

Bitcoin’s stall despite a recent wave of positive crypto news is a cause for concern, one observer said.

XRP price in the last 24 hours (CoinDesk)

Markets

XRP Futures Set Open Interest Record High for 2023

Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.

(Shutterstock)

Markets

XRP’s 60% Weekly Gain Defies Broader Crypto Slump as Bitcoin Stalls Below $30K

Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.

XRP weekly performance

Markets

Bitcoin Cannot Remain Indifferent to Dollar Index for Long: Analyst

U.S dollar index's fate impacts global liquidity conditions, which, in turn, influences risk assets, including cryptocurrencies.

BTC and DXY (TradingView)

Markets

Bitcoin Dips Below $30K to Lowest Since Late June as Altcoins Pare Gains From XRP Lawsuit

Ripple's XRP, Solana's SOL and Lido Finance's LDO lost more than 4% in the last 24 hours.

BTC price chart (CoinDesk)

Markets

BNB Token Is Being Heavily Shorted, Perpetual Futures Show

Funding rates in perpetual futures tied to BNB are most negative in nearly three months.

BNB open interest-weighted funding rate (Coinglass)