Decoupling ahead? Bitcoin and Ethereum may finally snap their 36-month correlation

Bitcoin and Ethereum have been majorly trading in sync since 2018, increasing risk exposure of crypto-only investment portfolios.

$540 million ‘rekt’ as top cryptos plunge overnight. Here’s the aftermath

Bitcoin dropped to under $30,000 last night and sparked a selling frenzy in the crypto market—one that led to half a billion dollars in liquidations, $285 million of that in BTC alone.
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Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign

Many traders fear that the bear market might officially be here after dropping more than 50% from all-time highs on average.  Several large-cap decentralized finance (DeFi) tokens, such as Badger, ThorChain, Alpha Finance, and others, have now fallen up to 85% from their 2021 highs.
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Doge, XRP, ADA take price hit while Bitcoin technicals show lack of buyer interest

The largest cryptocurrency by market cap continued its downtrend this week, fueled by both poor technicals and increasingly neutral sentiment for the crypto market as a whole.
The post Doge, XRP, ADA take price hit while Bitcoin technicals show lack of buyer interest appeared first on CryptoSlate.

Uniswap-backed fund defends recent UNI token sale

Earlier this week, CryptoSlate reported on concerning feedback as $10 million in Uniswap (UNI) tokens got sold shortly after the team behind the Decentralized Finance (DeFi) Education Fund (DEF), supported by the leading decentralized exchange (DEX), earned approval for a $20 million grant.
The post Uniswap-backed fund defends recent UNI token sale appeared first on CryptoSlate.

DeFi crowd mocks Harvard Law student group for voting $20 million out of Uniswap treasury

While a Harvard Law student-led initiative called the “Defi Education Fund” is facing blowback for receiving $20 million worth of Uniswap’s (UNI) tokens and dumping half of it over-the-counter, some witty DeFi enthusiasts are openly mocking the whole ordeal.
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