Good morning. Here’s what’s happening:Market moves: Bitcoin stabilized near $43,000 after Wednesday’s sell-off, while traders’ attention turned to layer 1 tokens.Technician’s take: Oversold signals remain intact for bitcoin, although upside is limited.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin … [Read more...] about First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
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Crypto.com taps Hollywood actor Matt Damon to attract new users
Hollywood actor Matt Damon will join crypto services firm Crypto.com as a brand ambassador as the crypto exchange seeks to popularize its services among mainstream audiences in the US and beyond. “We’re hoping this is the beginning of a great long-term collaboration.”Matt Damon becomes the latest celebrity crypto backer https://t.co/NDUAQhs93e pic.twitter.com/oMrzef5Saw— … [Read more...] about Crypto.com taps Hollywood actor Matt Damon to attract new users
DeFi TVL hits a record $157B as Ethereum competitors attract investors
Altcoins and DeFi tokens have been on a tear for the last two weeks and as the end of August approaches many projects are seeing their tokens reach for new all-time highs.Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT) and THORChain (RUNE) seeing gains in excess of 115%. Top-10 DeFi assets by price. … [Read more...] about DeFi TVL hits a record $157B as Ethereum competitors attract investors
Solana (SOL) price rises as airdrops attract new users to the network
Over the past six months blockchain projects that have issued token airdrops have re-emerged. Most notably, the airdrops by Uniswap (UNI) and MEME will be remembered as recipients were rewarded with gains ranging from $20,000 to $600,000 simply for holding the tokens.One Ethereum (ETH) competitor that has seen numerous projects launch with airdrops in the past three weeks is … [Read more...] about Solana (SOL) price rises as airdrops attract new users to the network