Treading Water

dExplain wednesday crypto newsletter defi and nfts solana binance smart chain and more

Feds will issue a statement today after the FOMC meeting, currently, US 10-year yield is running higher as people believe the Feds will not change their stance. If they change their tone and mention tapering, then just note the market might be in for a shock.

Also, don’t forget the monthly options expiry on Friday. For Ethereum, there is a big amount of CALL Open Interest at the $2,880 and the $2,560 strike price. Meaning they can be strong resistance and support levels until the expiration date.

So there could be some volatility today!


Crypto News

  • Ethereum: Hit a new all-time high of $2,700 which pushed its market cap over $310 billion, equal to a company such as PayPal. It’s thought the new momentum came from European banks planning to launch digital bonds on the network.
  • MetaMask: Reported that its wallet usage is up by five times over the past six months. ConsenSys, who develops MetaMask, believes the growth is mostly from new adoption in emerging markets in Asia, Africa, and South America.
  • Gemini: Announced a partnership with Mastercard to power their upcoming crypto credit card. If you’re looking for a solution, check out our reviews of the best crypto cards here.
  • Nexon: Joined the list of growing tech companies that have bought into Bitcoin, purchasing $100 million worth of BTC, averaging in at $58,226. Nexon stated the aim was to guard the company against any potential drop in the value of fiat currency due to inflation.

DeFi News


NFT Spotlight

Be sure to check the listing to view the digital crypto artwork in its full glory, as some art is animated or contains audio.


CLOWN PUNCHER

Panel Three of CLOWN PUNCHER, A Three Panel Crime Story Script


NFT News