Kategorie: Blog

• KyberSwap will launch the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain.
• Liquidity providers will have more opportunities to earn fees and rewards by adding liquidity to the $ARB pools and participating in liquidity mining programs by KyberSwap.
• KyberSwap is introducing new 2% and 5% fee tiers, which provides greater flexibility for users looking to maximize their profits.

KyberSwap Announces First Ever $ARB Token Liquidity Pools

KyberSwap, a leading decentralized exchange (DEX) aggregator and liquidity platform, announced plans to launch the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain. This move marks significant steps forward for KyberSwap as it aims to catalyze significant liquidity inflows into the rapidly growing Arbitrum ecosystem with these highly anticipated yield farms.

Eligible For The Airdrop

Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions due to its ability to scale Ethereum and enable faster and cheaper transactions. On March 16th , Ethereum Layer 2 scaling solution Arbitrum announced plans to distribute a new governance token, $ARB, as part of its transition noting that they are “leading the way as the first L2 to launch self-executing governance”. This airdrop is set to be one of the biggest in crypto history with an estimated launch date of 23rd March. KyberSwap was among those protocols whose users bridged onto Arbitrum thereby becoming eligible for this airdrop.

Liquidity Mining Programs By KyberSwap

With this move, users of KyberSwap will now have access to more trading pairs and options while also having opportunities to earn fees and rewards by adding liquidity into ARB token pools through participating in Liquidity Mining programs run by KyberSwap itself. The following ARB pools will be eligible for rewards: Token Pairs ARB-ETH (2%) Apr ARB-ETH (5%) ARB-USDT (2%) ARB-USDT (5%) ARB-KNC (5%). An estimated total of 70k KNC has been allocated as reward incentives with incentives continuing after designation duration is over; this is subject to confirmation at a later date though.

New Fee Tiers Introduced

In order maximize user’s profits further ,Kyberswap also introduced new 2% & 5% fee tiers providing greater flexibility when using these services offered by them .

Conclusion

The introduction of these services alongside other developments such as increasing TVL make it clear that there are huge prospects ahead for both Arbitrum & Kyberswaps users alike who can benefit from all these offerings making it all seem rather exciting !

• The European Central Bank (ECB) surprised markets last Thursday by raising their interest rate by 0.50%.
• As a result, both the stock market and cryptocurrency market saw a dip before recovering slightly as reports emerged that JPMorgan and Morgan Stanley were looking to help First Republic Bank.
• Bitcoin retested the $25,000 area while the S&P 500 had gained about 1% after initially plunging on ECB news.

ECB Raises Interest Rates

The European Central Bank (ECB) on Thursday surprised markets with a 50 basis point rate hike, resulting in a plunge in both stocks and cryptocurrencies.

Reactions to ECB Rate Hike

Stocks reacted lower following the news, while crypto analyst Michael van de Poppe suggested that the US Federal Reserve could follow suit at its meeting next week. Despite trading down 0.7% at one point, the benchmark S&P 500 index had recovered to post 1% gains by 12:20 pm ET, while Dow Jones Industrial Average had reversed its losses of over 300 points and was up 0.3%. Additionally, the Nasdaq Composite was up 1.5%.

JPMorgan and Morgan Stanley Aid First Republic Bank

Investors remain cautious but stocks have seen some recovery thanks to reports of banking giants JPMorgan and Morgan Stanley coming to aid troubled lender First Republic Bank.

Bitcoin Retests $25K Area

The flagship cryptocurrency also saw declines in reaction to the ECB news but has since rebounded as it continues to be highly correlated with equities despite last week’s spike which had some observers suggesting decoupling for Bitcoin from other traditional assets like stocks.

Conclusion

Overall, volatility remains high as investors continue to monitor news from central banks which could further impact both cryptocurrencies and stocks alike.

• HT, the native token of Huobi Exchange, crashed by over 90% on Thursday dropping to $0.31 from $4.6 in just 10 minutes.
• More than $2 million HT tokens were sold on Huobi prior to the crash and Tron’s founder Justin Sun is the largest holder of HT tokens.
• Justin Sun dismissed the price drop as a normal market occurrence and assured the Huobi community that Huobi operations are safe.

HT Price Drop

HT, the native token of Huobi Exchange, crashed by over 90% on Thursday dropping to $0.31 from $4.6 in just 10 minutes. Although the price has since recovered, it was trading at $3.81, 21% down in the past 24 hours at press time.

Cause of Crash

More than $2 million HT tokens were sold on Huobi prior to the crash and Tron’s founder Justin Sun is the largest holder of HT tokens. In addition, Tron’s token (TRX) dropped 12% from $0.057 to $0.066 during this same period whileJustin Sun moved around $60 million USDT from Huobi to Aave at this time as well..

Justin Sun’s Response

Justin Sun responded that few users had triggered a cascade of forced liquidations in both spot and HT contract markets which had caused this dip in price for both tokens mentioned above . He also stated that he will create a liquidity fund for those impacted by leveraged liquidation with a total amount of 100 million USDC stablecoin transferred intoHuobitoprovide additional liquidity supportforHTtoken holders and traders alike . Moreover ,he reassuredtheHuobicommunitythatHuobiop erationsare safeand theywillcontinueto improvetheliquiditydepthofmaincryptocurrenciesandHTtokenas well asstrengthenleverage risk warningsandliquiditycapabilities .

ImpactofCrashonTokens

The impactoftheHTpricecrashonthetokens weremixedasthepriceofHThasrecoveredsincethedropbutstillremains21percentdowninthepast24hoursatpresstime . Ontheotherhand ,TRXdropped12percentfrom$0 . 057to$00 . 66duringthissametimeperiod .

Conclusion Despite some users triggering a cascade of forced liquidations resulting in an initial crash , JustinSun’s response providedassurancetotheHuobicommunitythatHuobiop erationsare safeaswellas ameansofsupportforthoseimpactedbyleveragedliquidationwitha100million USDCstablecointransferredintoHuobiprovidingsupportfortokenholdersandtradersalike .

• Silvergate Capital Corp (NYSE: SI) stock dropped nearly 50% on Thursday after it delayed the submission of its annual 10-K report.
• JPMorgan analyst Steven Alexopoulos downgraded the financial services company to „underweight“ citing liquidity challenges.
• Coinbase also announced that it had stopped payments to or from the crypto bank today.

Silvergate Stock Crashed 50% On Thursday

Silvergate Capital Corp (NYSE: SI) saw its stock fall nearly 50% on Thursday after delaying the submission of its annual 10-K report. The company is now evaluating its ability to continue as a going concern and reevaluating its businesses and strategies due to current business and regulatory challenges.

JPMorgan Downgrades Silvergate Stock

JPMorgan analyst Steven Alexopoulos downgraded Silvergate’s stock to „underweight“ due to liquidity challenges, with short-sellers contributing to a bank run of sorts with Silvergate reporting greater than expected deposit outflows in Q4. Canaccord Genuity also downgraded Silvergate’s stock and trimmed their price target o $9.0 per share.

FTX Fiasco Hurts Silvergate

The company has been facing an existential crisis following the FTX fiasco in early November, which led them having to offload more assets than expected over the past two months, weighing on their capital ratio. This has resulted in a 65% drop compared to its year-to-date high.

Coinbase Stops Payments To/From Crypto Bank

Adding further pressure, Coinbase announced today that it had stopped payments both from and to Silvergate Capital Corp’s crypto bank as part of their evaluation of risk management techniques for digital currency transactions.

Conclusion

SilverGate Capital Corp has faced numerous headwinds recently resulting in a drastic drop in share prices for investors, with multiple analysts downgrading their outlook for the company amid liquidity concerns and risk management issues from major players like Coinbase adding additional pressure on the firm’s future prospects.

• Gate.io recently listed DappRadar token RADAR, which is now available for trading in the RADAR/USDT pair on the exchange.
• The listing of RADAR on OKX has led to a price rally of 18% in the past 24 hours.
• RADAR holders can access exclusive PRO perks like customized filters, additional time intervals and tailored alert options.

Gate.io Lists DappRadar Token RADAR

Gate.io has added trading support for DappRadar token RADAR, with trading in the RADAR/USDT pair opened on 23 February, 8 AM UTC. This follows a recent listing on OKX, resulting in an 18% surge in its price over the past 24 hours to highs of $0.036.

Benefits for RADAR Holders

Holders of the native utility and governance token of the world’s leading dApp store can access exclusive benefits such as customized filters and additional time intervals as well as tailored alert options and unlimited dApp smart contracts access. Staking tokens on Ethereum also allows holders to earn rewards on BNB Chain blockchain.

Price Movement & Profit Taking

RADAR is currently trading lower by 18%, likely due to an increase in profit taking deals following its recent surge in price after being listed on both Gate.io and OKX exchanges this week..

Building a Solid Community

DappRadar is working towards building a strong community of users who can gain substantial benefits from cross-chain functionality provided by staking their tokens or accessing exclusive PRO perks offered by holding them..

Conclusion

The addition of DappRadar token RADAR to Gate.io has further expanded its listing base with both traders and crypto enthusiasts able to purchase it directly from this leading digital assets exchange alongside other popular cryptocurrencies such as Bitcoin (BTC) & Ethereum (ETH). Furthermore, with numerous benefits available for holders, this has enabled more opportunities for those interested in staking their tokens or accessing exclusive features offered by holding them

• Filecoin’s FIL token saw its price reach highs of $7.89 on Coinbase on 17 February 2023
• The gains for the decentralised storage network come after the announcement of the launch of its Filecoin Virtual Machine (FVM) on 1 March 2023
• The FVM will bring smart contracts, scalability, programmability and lower fees to the Filecoin blockchain

Filecoin Price Surge

The native token of decentralized storage network Filecoin (FIL) rallied amid news of an upcoming network development. On Friday, 17 February 2023, the FIL token saw its price reach highs of $7.89 on Coinbase.

Launch of Filecoin Virtual Machine

On Tuesday 14 February, a flip in market sentiment had pushed FIL/USD down nearly 13%, but it has since recovered with a 5% upside. This was followed by news that the Filecoin Virtual Machine (FVM) will launch on 1 March 2023 which sent the coin soaring to its highest price level since 18 August 2022 with a massive 26% rally.

Benefits of FVM

The main trigger for today’s rally appears to have been news that the FVM will go live on 1 March. According to the Filecoin developer team, this layer-1 network will feature smart contracts and programmability as well as further scalability and much lower fees for users looking to interact with decentralised applications.

Impact Of News On Market Sentiment

Going by today’s 340% jump in 24-hour trading volume, there seems to have been some serious buying firepower behind the price surge which has seen an enormous uptick in the past two days breaking above key resistance around $6.00.

Conclusion

Whilst it is not possible to make a Filecoin price prediction with certainty, it appears clear that news surrounding its upcoming development has had a positive influence on market sentiment pushing prices up significantly over recent days.

• This article discusses the perceived decrease in Bitcoin’s volatility, as well as its comparison to other assets and currencies.
• The data shows that while there was a decrease in Bitcoin’s volatility until 2015, it has not improved since then.
• On a weekly basis, Bitcoin’s average volatility compared to USD was 26 times greater than the euro last year.

Overview

This article examines whether Bitcoin’s volatility is decreasing over time by analyzing its realised volatility compared to other assets and currencies. It finds that while there has been a decrease in Bitcoin’s volatility until 2015, it has not improved since then. On a weekly basis, Bitcoin’s average volatility compared to USD was 26 times greater than the euro last year.

Bitcoin Volatility

The chart of realized volatility shows two things right off the bat: that Bitcoin was volatile until 2015 when it was still an emerging internet currency with low liquidity; and that there may be signs of slight improvement in terms of its calming down from 2021 to 2023.

Comparison With Other Assets

In comparing Bitcoin returns to the Nasdaq and individual stocks, the data shows that it blows them out of the water in terms of its higher levels of volatility.

Volatility vs Euro

On a weekly basis, Bitcoin’s average realised volatility against USD was 26X greater than the euro last year – up from 19X in 2021 and 16X in 2020. This indicates that while some progress may have been made, it is still significantly more volatile than major fiat currencies such as the Euro or US dollar.

Conclusion

Overall this article finds that while there has been some progress made in reducing Bitcoins‘ volatitlity over time – particularly since 2015 – it is still significantly more volatile than major fiat currencies such as the Euro or US dollar on a weekly basis.

• Digital Currency Group (DCG) is selling off its crypto holdings at distressed prices following the bankruptcy of Genesis.
• DCG owns the Grayscale Bitcoin Trust, which has been trading at a discount due to concerns around reserves held.
• The market seems to have priced this in, but there could be more twists to come.

Background on DCG and Genesis Bankruptcy

Digital Currency Group (DCG) is the parent company of the Grayscale Bitcoin Trust, the world’s largest Bitcoin fund. Recently, their subsidiary platform Genesis filed for bankruptcy, leading to concern around the reserves held by DCG and their connection with GBTC. This led to a large discount compared to net asset value of the fund over the last couple of years.

DCG Selling Off Crypto Assets

In order to mitigate risk from further fallout from Genesis‘ bankruptcy filing, DCG has begun selling off its crypto holdings at discounted prices. This move is likely meant as an attempt to prevent contagion across other firms in the space that are connected with each other through different pieces of information and investments.

Market Reaction

The market appears to have already priced this in since it is not uncommon for companies in financial trouble to sell assets at discounted prices. However, it remains unclear what further implications this will have for other firms connected with DCG or how GBTC will react if more assets are sold off at discounted rates.

Uncertainty Around Reserves Held By GBTC

The main issue surrounding DCG’s current situation is uncertainty around reserves held by GBTC and whether they are actually backed by Bitcoin or not. Despite calls for proof of reserves, Grayscale declined to provide assurance so far which has only added fuel to speculation that there may be some misappropriation going on within GBTC’s coffers.

Conclusion

Overall, while it appears that investors have taken into account these developments when pricing in assets related to DCG, there remain many unknowns about how far-reaching this could go and what repercussions it could have on other firms within the crypto space that are connected with each other through investments and partnerships.

• HSBC Holdings plc posted job openings on its career page to enter the crypto market.
• Shares of the largest European bank ended slightly down on Tuesday.
• Peers, including JPMorgan Chase & Co have already launched crypto-related products in recent years.

HSBC Holdings plc, the largest European bank, has made headlines today after announcing its plans to venture into the cryptocurrency market. On Tuesday, the financial behemoth listed a job opening on its career page for a „Product Director“ to supervise tokenization use cases. The move comes as the bank seeks to build a footprint in the rapidly evolving crypto landscape.

The job opening stated that due to the complexities of digital assets, the successful candidate will be required to make complex business and project decisions that contribute to a high value, strategic initiative. Additionally, HSBC is also looking for a suitable candidate to fill in the role of Product Manager for digital assets. The bank’s decision to enter the crypto market is in line with other financial institutions that have already launched crypto-related products in recent years.

Shares of HSBC Holdings plc that are up more than 15% year-to-date ended slightly in the red today. The British multinational joins the likes of JPMorgan Chase & Co in expanding its operations into the cryptocurrency space. Analysts believe that the bank’s foray into crypto could help to boost its presence in the market and ultimately boost its share price.

The job postings are a sign that HSBC is looking to capitalize on the growth of the crypto market. Though the details of the bank’s plans are still unknown, the move is likely to be welcomed by the crypto community. It remains to be seen whether the bank will launch its own cryptocurrency or will seek to partner with a crypto company to offer services to its clients.

For now, the bank is focused on finding suitable candidates to fill in the two roles. The bank’s move into crypto could signify a shift in attitude towards the industry, with more banks likely to follow suit in the near future.

• Doodles has released its new NFT collection Doodles 2
• Doodles 2 is a series of collectibles that allows holders to customize their Doodle with wearables
• The NFT collection is launching on Flow, an eco-friendly Web3 blockchain

Doodles has just released its highly anticipated drop, a new non-fungible token (NFT) collection, Doodles 2. This collection of digital collectibles is an offshoot of the core Doodles collection, one of the top NFT collections from last year featuring 10,000 unique NFTs on the Ethereum blockchain.

Doodles 2 allows holders to customize their Doodle with wearables, including apparels, accessories and gadgets. This feature allows for access across social platforms, live events and gaming worlds. The team chose Flow for its scalability, composability, security and no gas fees. This makes Doodles 2 portable and interoperable across multiple ecosystems, including computer, phone and social media.

The team behind Doodles 2 is already working on several projects to make it easier for users to find, create and interact with the NFTs. They are also looking for ways to integrate with other blockchain protocols and platforms.

Julian Holguin, CEO of Doodles, said: “As we open Doodles up to the world, we know we can rely on an architecture that was built to scale from day one. Flow offers an easy onboarding experience, no gas fees and a composable architecture that allows us to build great experiences. We are excited to let everyone experience the world of Doodles 2.”

Users can start minting their first wearables and create Doodles 2 NFTs on Flow as from 31 January. The team also plans to continue developing and refining the platform to make it more user friendly and accessible to everyone.

Doodles 2 is set to revolutionise the NFT world and make it a more enjoyable experience for everyone. With the launch of Doodles 2, users can now create and trade their own unique NFTs with no fees. They can also explore the world of Doodles in an entirely new way with their own customised Doodles.