Trading
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.
Called Streaming Swaps, the feature is designed to improve capital efficiency for decentralized finance users who want to execute large trades.
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.
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.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.
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.
Bitcoin’s stall despite a recent wave of positive crypto news is a cause for concern, one observer said.
Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.
- 01:09SEC Chair: Expects Significant Benefits from Digital Assets, Plans to Work with Lawmakers to Establish Regulatory FrameworkPANews, April 26 — According to The Block, U.S. SEC Chair Paul Atkins stated on his fourth day in office that he expects digital assets to bring "significant benefits," and he plans to collaborate with lawmakers to establish a regulatory framework for cryptocurrencies. Paul Atkins said, "I look forward to engaging with market participants and working with my colleagues in the Trump administration and Congress to develop a reasonable and applicable framework for crypto-assets." Digital assets are expected to bring "significant benefits," including risk reduction and cost savings.
- 01:08DOGE Mining Company Z Squared to Go Public Through Merger with CoeptisPANews reported on April 26, according to CoinDesk, that the DOGE-focused mining company Z Squared will go public through a merger with biopharmaceutical company Coeptis (COEP). The transaction is expected to be completed in the third quarter of this year, at which time 9,000 DOGE miners will be put into operation. This merger will allow the new company to continue its DOGE mining business, while Coeptis's pharmaceutical business will be divested and operate independently. Post-merger, the company will become one of the largest publicly traded companies, primarily focusing on the mining of Dogecoin (DOGE) and other cryptocurrencies like Litecoin (LTC).
- 01:07Data: A whale address borrows 4,000 ETH again from Aave to sell short, entry average price $1,808According to ChainCatcher, monitored by on-chain data analyst Ember, a whale address borrowed 4,000 ETH (approximately $7.25 million) again from Aave to sell short at an average price of $1,808.6. Reportedly, the address bought back the 8,000 ETH it previously sold short yesterday afternoon to close the position, incurring a loss of $208,000. Later, after ETH rose back above $1,800, it borrowed to short again.