Web3 News

  • Potential Implications of the March Interest Rate Increase on DefiLlama and Harvest_Keeper

    21:00-7:00 Key words: interest rate increase in March, DefiLlama, Harvest_ Keeper Overview of important developments overnight on March 20th Analysis based on this information:On March 17th, a statement by the Federal Reserve prompted speculation about a potential interest rate increase in March. This news may have significant implications for the crypto market and particularly for decentralized finance (DeFi) platforms like DefiLlama and Harvest_Keeper. The first keyword, interest rate increase in March, is particularly relevant in this case. An interest rate hike could result in increased borrowing costs for consumers and businesses, which would affect consumer spending, investment, and economic growth. While the Federal Reserve has not yet made a decision, a rate hike could be implemented as early as next month. DefiLlama and Harvest_Keeper, the two second keywords, are DeFi platforms that operate on the Ethereum blockchain. These platforms are designed to provide users with decentralized financial services like lending and borrowing, yield farming, and decentralized exchanges. DeFi has become…

    3days ago
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  • Significant Bitcoin Flow into Exchange Wallets in the Last Month

    According to reports, data shows that 3360.3 BTCs have flowed into the exchange wallet in the past 24 hours, 19974.98 BTCs have flowed into the exchange wallet in the past 7 days, and 4359.12 BTCs have flowed into the exchange wallet in the past 30 days. As of the time of press release, the total balance of the exchange wallet was 1919929.45 BTCs. 19974.98 BTCs have flowed into the exchange wallet in the past 7 days Analysis based on this information:An exchange wallet is a digital storage system of cryptocurrency owned by exchanges. This wallet enables exchanges to carry out their operations, exchange activities, investments, and trade activities. The associated report states that the exchange wallet of an undisclosed exchange experienced an influx of 3,360.3 BTCs in the last 24 hours, 19974.98 BTCs in the last seven days, and 4359.12 BTCs in the last 30 days. These statistics reflect that massive transaction activities have been completed on the exchange platform….

    3days ago
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  • Bored Ape Yacht Club (#5647): A Crypto Collectible Investment

    According to reports, data shows that Bored Ape Yacht Club # 5647 was closed at a price of 147ETH. BAYC # 5647 closed at 147ETH Analysis based on this information:The digital assets market has been evolving rapidly, and one of the latest entrants is the crypto collectibles. Crypto collectibles are unique digital assets that can be bought, sold, or traded, just like traditional collectibles. The Bored Ape Yacht Club (#5647) is one such crypto collectible that has gained immense popularity in recent months. According to reports, the Bored Ape Yacht Club (#5647) was closed at a price of 147ETH, which is equivalent to approximately $400,000, based on the current conversion rate. This transaction is a testament to the growing popularity of crypto collectibles and the huge demand from investors looking for alternative investment opportunities. The Bored Ape Yacht Club (#5647) is a part of a larger series of 10,000 unique digital apes, each with its distinct look and personality traits….

    3days ago
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  • US Banking Crisis: A Growing Concern

    According to reports, Google trend data shows that interest in the US banking crisis has increased significantly over the past two weeks. Queries related to search terms such as “bank crisis”, “bank failure”, and “bank failure” have increased dramatically. On March 13, 2023, the search term “banking crisis” scored 100 points in Google Trends. Related topics cover the financial issues of Silicon Valley Bank, Signature Bank, and First Republic Bank. Google Trends has shown a surge in searches for words such as “bank crisis” and “bank run” over the past two weeks Analysis based on this information:The recent data from Google Trends indicates that interest in the US banking crisis has increased significantly in the past two weeks. The surge in queries related to search terms like “bank crisis”,” bank failure” and “banking crisis” in March 2023 has scored a whopping 100 points in Google Trends. The search engine giant’s data is a clear indication that people are genuinely concerned…

    3days ago
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  • “Bitcoin as a Path to Financial Freedom: Insights from Brazil’s Leading Financial Channels”

    According to reports, according to a post by Bitcoin Magazine, the founder of one of Brazil’s largest financial channels said, “Bitcoin is the only way to achieve financial freedom.” Founder of Brazil Finance Channel: “Bitcoin is the only way to achieve financial freedom” Analysis based on this information:The complexity of the current financial system has made achieving financial freedom a daunting task for many individuals around the world. However, according to a recent post by Bitcoin Magazine, one of Brazil’s top financial channels believes that Bitcoin may be the solution to this problem. The founder of this leading financial platform has stated that Bitcoin is the only way to achieve financial freedom. This statement is significant in the context of Brazil’s financial industry, which has been plagued by corruption and instability for many years. Brazil is a nation with a history of economic upheaval, and its citizens have often been left with limited options when it comes to securing their…

    3days ago
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  • TITLE: New York Community Bank Eyes Acquisition of Signature Bank

    On March 20th, it was reported that New York Community Bank was seeking to purchase Signature Bank. (Jin Shi) It is said that the New York Community Bank is seeking to purchase a signature bank Analysis based on this information:KEYWORDS: Acquisition, Banking, Consolidation New York Community Bank, a leading bank in the state of New York, is reportedly seeking to acquire Signature Bank, in a move that would create a dominant player in the banking industry. The proposed acquisition comes at a time when the banking sector is undergoing significant consolidation, with larger banks seeking to expand their market share through strategic acquisitions. There are several factors that could be driving New York Community Bank’s interest in acquiring Signature Bank. Perhaps the most significant is the desire to gain a stronger foothold in the New York City market. Signature Bank is one of the largest banks headquartered in the city, and has a strong presence in the commercial real estate…

    3days ago
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  • UBS to Acquire Credit Suisse in a Deal Mediated by Swiss Government

    According to reports, under the mediation of the Swiss government, UBS agreed to acquire rival Credit Suisse for 3 billion Swiss francs and agreed to bear losses of up to $5.4 billion. UBS said that the 22.48 shares held by its shareholders would be exchanged for one UBS share, equivalent to 0.76 Swiss francs per share, for a total consideration of 3 billion Swiss francs. The transaction is expected to be completed by the end of 2023, with annual cost savings of approximately $7 billion by 2027. The Swiss Central Bank said it would provide liquidity assistance of 100 billion Swiss francs ($108 billion) to the merged banks. The Swiss Financial Market Supervisory Authority (FINMA) stated that all business activities of the two banks would likely continue without restriction or interruption. With the support of the Swiss government, Credit Suisse’s additional Tier 1 capital bond (AT1) with a nominal value of approximately 16 billion Swiss francs ($17.2 billion) will be…

    3days ago
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  • Bitcoin and Ethereum Record Huge Sell-Offs

    According to reports, according to Coinglas data, the entire network has sold out $113 million in the past 24 hours. Among them, Bitcoin sold out $43.9705 million and Ethereum sold out $28.8708 million. Over the past 24 hours, the entire network sold out $113 million, including $43.9705 million in Bitcoin Analysis based on this information:The cryptocurrency market is one that has been shrouded in mystery since its inception, with investors and spectators alike constantly keeping an eye on its movements. According to Coinglas data, the network has sold out a staggering $113 million within the past 24 hours, with two of the major players in the market taking the lead in the sell-off. Bitcoin has sold out $43.9705 million and Ethereum has recorded a $28.8708 million sell-off. The sell-off is one that has been predicted by experts within the market. Bitcoin has been enjoying a bull run for a considerable amount of time, with investors flocking to the cryptocurrency as…

    3days ago
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  • Bitcoin Network Stats: Transactions, Computing Power, and Difficulty

    According to reports, according to BTC.com data, the current number of unconfirmed transactions across the Bitcoin network is 28252, the overall network computing power is 321.62 EH/s, and the 24-hour transaction rate is 3.08 transactions/s. Currently, the overall network difficulty is 43.55 T. It is predicted that the next difficulty will be increased by 2.20% to 44.51 T. There are still 4 days and 13 hours left before the adjustment. The number of unconfirmed transactions across the Bitcoin network is 28252 Analysis based on this information:The Bitcoin network is a complex system that comprises several interconnected components that work in unison to enable the smooth operation and security of transactions. Many factors impact the network’s performance, such as the number of unconfirmed transactions, computing power, difficulty, and transaction rate. Recently, BTC.com published data indicating that there are 28,252 unconfirmed transactions across the Bitcoin network. This is a potential cause for concern because unconfirmed transactions can cause blockages in the network…

    3days ago
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  • People’s Bank of China reduces deposit reserve ratio

    It is reported that the People’s Bank of China has decided to reduce the deposit reserve ratio of financial institutions by 0.25 percentage points on March 27, 2023 (excluding financial institutions that have implemented a 5% deposit reserve ratio). After this reduction, the weighted average deposit reserve ratio of financial institutions is about 7.6%. The People’s Bank of China has decided to reduce the deposit reserve ratio of financial institutions on March 27, 2023 Analysis based on this information:The People’s Bank of China has made the decision to lower the deposit reserve ratio of financial institutions by 0.25 percentage points, effective March 27, 2023. This move is anticipated to boost lending and stimulate economic growth in the country. However, financial institutions that have already implemented a 5% deposit reserve ratio are excluded from this reduction, so their ratio will remain the same. The deposit reserve ratio is the percentage of customer deposits that a bank must hold in reserve and…

    4days ago
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  • Ordinals GAS Protocol Generates Over 100BTC in Cost Revenue from NFTs

    According to reports, according to the latest data from Dune Analytics, the cost revenue of the Bitcoin NFT protocol Ordinals GAS has exceeded 100BTC, reaching 100.3498 BTC at the time of writing, equivalent to approximately US $2739562.87. As of now, the cumulative casting volume of Ordinals inscription NFTs has reached 534253. Bitcoin NFT Protocol Ordinals GAS Fee Revenue Breaks 100 BTC Analysis based on this information:The latest report from Dune Analytics has revealed that the Ordinals GAS protocol has generated more than 100BTC in cost revenue from the sale of its Non-Fungible Tokens (NFTs) on the Bitcoin network. The data shows that the cost revenue of the protocol has reached a value of 100.3498 BTC, which is roughly equivalent to over $2.7 million US dollars. The Ordinals GAS protocol is a decentralized platform that aims to simplify the creation and distribution of NFTs on the Bitcoin network. Its NFTs are called Ordinals Inscriptions and they are designed to be used…

    4days ago
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  • Crypto.com Obtains Preliminary License to Operate in Dubai

    On March 20th, according to the official blog, Crypto.com announced that it had obtained a MVP preliminary license from the Dubai Virtual Assets Regulatory Authority (VARA). The MVP phase of the preparatory phase allows approved licensees to meet all the prerequisites necessary to conduct MVP market operations within the VARA system. Crypto.com obtained MVP preliminary license from Dubai Virtual Assets Regulatory Authority Analysis based on this information:Crypto.com, a Hong Kong-based cryptocurrency platform, has recently announced that it has been granted a preliminary license by the Dubai Virtual Assets Regulatory Authority (VARA). The license enables the company to operate its MVP (Minimum Viable Product) within the VARA system, following completion of all the necessary prerequisites. This announcement is significant for several reasons. Firstly, it represents a key development in the growing acceptance and regulation of cryptocurrency in the Middle East. Dubai has been at the forefront of several initiatives aimed at promoting blockchain and digital currencies, and this license represents a…

    4days ago
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  • New York Community Bancorp Takes Over Signature Bank

    According to reports from Forbes, New York Community Bancorp has taken over Signature Bank and will assume most of its deposits. Flagstar Bank, a subsidiary of New York Community Bank, will operate 40 branches of Signature Bank and most of its deposit businesses, while the Federal Deposit Insurance Corporation (FDIC) will handle $4 billion in digital bank deposits that are not included in the sale. Forbes: New York Community Bank has taken over Signature Bank Analysis based on this information:The news of New York Community Bancorp taking over Signature Bank has come as a surprise to many in the banking world. As per reports from Forbes, New York Community Bancorp has acquired most of the deposits of Signature Bank, while Flagstar Bank (a subsidiary of New York Community Bank) will operate 40 branches of Signature Bank along with most of its deposit businesses. The acquisition is a significant development in the banking industry, and it highlights the growing consolidation trend….

    4days ago
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  • Online fee revenue of Cryptocurrencies in the past 24 hours

    According to reports, according to Cryptofees.info data, in the past 24 hours, Ethereum’s online fee revenue has been $4007471.13, Uniswap’s online fee revenue has been $2061422.92, SushiSwap’s online fee revenue has been $1153738.23, Bitcoin’s online fee revenue has been $923585.52, BSC’s online fee revenue has been $612204.38, and GMX’s online fee revenue has been $473056.27. Over the past 24 hours, Bitcoin’s on-chain service fee revenue exceeded $900000 Analysis based on this information:The message reports on the online fee revenue of popular cryptocurrencies in the past 24 hours, as per the data provided by Cryptofees.info. These revenues are generated through transaction fees paid by users on their respective blockchain networks. Ethereum, the second-largest cryptocurrency by market capitalization, has earned the highest online fee revenue of $4,007,471.13 in the past 24 hours. This can largely be attributed to the high usage of the Ethereum network for decentralized finance (DeFi) applications, such as lending, borrowing, and trading. The network faces congestion issues due…

    4days ago
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  • Bianco on the Federal Reserve’s Accommodative Policy

    According to reports, James Bianco, president of research institution Bianco, said that the Fed’s action was another form of quantitative easing, completely out of the script of COVID-19 and the 2008 financial crisis. Coupled with record discount window borrowing and balance sheet expansion, the Federal Reserve is becoming increasingly accommodative. It is expected that only two situations will occur in the future, one is that the United States authorities are acting too slowly, and the other is that the “financial crisis” is worsening. If the authorities act quickly enough to contain the crisis, large-scale stimulus measures mean that in the second half of 2023 and 2024, the United States will have a more serious inflation problem. The best option is for each customer to make their own decision to transfer hundreds of billions of dollars in deposits back to regional banks. As long as funds continue to flow out of regional banks, there will always be worse and worse options….

    4days ago
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  • DEX SyncSwap launches the Polygonzk EVM test network using zkSync

    On March 20th, the DEX SyncSwap based on zkSync announced on Twitter that it had launched the Polygonzk EVM test network. Previously, it was reported that the SyncSwap test network was tested online at zkSyncEra on March 2. DEX SyncSwap based on zkSync has been launched on the PolygonzkEVM test network Analysis based on this information:The DEX SyncSwap has made an announcement via Twitter that it has launched the Polygonzk EVM test network based on zkSync. This is significant news for the cryptocurrency market, especially those involved in decentralized exchanges (DEXes) and the Layer 2 scaling solution provided by zkSync. March 2 saw the online testing of SyncSwap test network at zkSyncEra, which laid the groundwork for the launch of the Polygonzk EVM test network. SyncSwap has been working on creating an infrastructure that would allow users to swap tokens using the faster and cheaper Layer 2 scaling solution provided by zkSync. The launch of the Polygonzk EVM test network…

    4days ago
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  • Huge Bitcoin Transaction Fuels Speculation About Market Behavior

    According to reports, WhaleAlert data shows that 1167 BTCs (valued at approximately $314168,07) have been transferred from unknown wallets to Coinbase. 1167 BTCs transferred from unknown wallets to Coinbase Analysis based on this information:WhaleAlert, the service that tracks large cryptocurrency transactions, has reported that an unknown entity has transferred a huge amount of Bitcoin (BTC) to Coinbase. The 1167 Bitcoin transferred to the exchange is currently valued at around $314,168.07, which is a significant sum. The WhaleAlert report, which was posted on Twitter and shared widely, immediately fueled speculation about the behavior of the Bitcoin market. To put this transaction into context, it’s important to note that Coinbase is one of the largest cryptocurrency exchanges in the world, and a popular choice for BTC traders. The fact that such a large amount of Bitcoin – worth over $314,000 – has been transferred to it is significant. There are a few possible reasons for this transaction, ranging from institutional investment to…

    4days ago
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  • Significant Flow of BTCs into Exchange Wallets: What Does It Indicate?

    According to reports, data shows that 3297.42 BTCs have flowed into the exchange wallet in the past 24 hours, 8896.16 BTCs have flowed into the exchange wallet in the past 7 days, and 11285.77 BTCs have flowed into the exchange wallet in the past 30 days. As of the time of press release, the total balance of the exchange wallet was 1918746.24 BTCs. 3297.42 BTCs have flowed into the exchange wallet in the past 24 hours Analysis based on this information:The cryptocurrency market is known for its volatility, and fluctuations in Bitcoin’s value can bring significant changes to the entire crypto market. In recent times, there has been an increase in the number of investors putting their money into Bitcoin as a hedge against inflation and a means of diversifying their portfolios. According to recent reports, there has been a significant flow of BTC into the exchange wallets. In just the past 24 hours, 3297.42 BTCs have been transferred into…

    4days ago
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  • BlackRock CEO Warns of Possible Bank Closures and Stricter Regulations

    According to reports, the CEO of BlackRock, the world’s largest asset management company, has warned that “changes in regulatory authorities may lead to more bank closures and failures in response to the collapse of several major U.S. banks. It now appears that some banks do inevitably need to reduce loans to support their balance sheets, and we may see stricter capital standards for banks.” CEO of BlackRock: Regulatory changes may lead to more bank closures and failures Analysis based on this information:The CEO of BlackRock, the world’s largest asset management company, has given a warning of possible bank closures and failures. He mentioned that changes in regulatory authorities may lead to the collapse of several major U.S. banks. This message is crucial for investors, banks, and the general public as it paints a bleak future if the current trend in banking regulation continues. The current trend in banking regulation has been to tighten the rules on banks to prevent the…

    4days ago
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  • “NFT Market Trends: Cooling down with an Expected Growth”

    According to reports, according to NFTGo data, the current NFT market sentiment index is 32, with a rating of “Cool.”. The number of buyer addresses in the NFT market in the past 24 hours is 14743, and the number of seller addresses is 14922 The current NFT market sentiment index is 32, with a rating of “Cool” Analysis based on this information:Non-Fungible Tokens (NFTs) have become a trend in the digital art world, and their popularity has surged in recent times. These digital assets have exceptional value as they represent unique, scarce, and traceable ownership over a specific digital asset, such as artwork, music, videos, and even tweets. However, according to NFTGo data, the current NFT market sentiment index is 32, with a rating of “Cool.” The market sentiment index is a metric that helps investors, traders, and analysts evaluate the overall mood of the market. A high index rating indicates a positive market sentiment, while a low index rating…

    4days ago
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