The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.
DeFi news
The controversial social media figure has already been accused of insider trading and crypto market manipulation in the past.
The unknown crypto trader only invested $3,000 into a new Solana-based memecoin before its price rally.
Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols.
Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets.
The startup is onboarding Bitcoin miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce.
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.
Trump’s munch-awaited token launch recorded disappointing sales numbers, while investors are becoming concerned about Ethereum block builder centralization.
It’s that time of year again when pundits break out the crystal ball to predict the big new trends in DeFi for 2025.
The prediction raises a hopeful sign for the struggling DeFi sector, which has been underperforming other crypto niches like memecoins and smart contract platform-related tokens.