Opensea Losing Market Share As NFT Trading Volume Falls 99% In 90 Days
Daily NFT (Non-Fungible Token) trading volume has fallen 99% on Opensea since record highs in May. According to The Block, overall trading volumes across all major marketplaces have also seen an approximately 80% decrease in the last 3 months. With Opensea still holding the lion’s share of trades, the total amount exchanging hands has fallen […]
Moonbirds Creator Proof Collective Raises $50M Led By a16z, Token Expected in 2023
The bear market chills have had evident impacts in the NFT space – but one NFT organization managed to raise $50M amidst the winter. PROOF, creators of Proof collective and Moonbirds, recently raised $50 million in a series A fundraise led by big VC names in the space notably a16z, Seven Seven Six, True Ventures, […]
Temasek Leads $100M Funding Round For Metaverse Company Animoca Brands
Despite the total crypto market capitalization falling below 1 Trillion, investments into Web3.0 rage on. Temasek Holdings, a state-owned investor in Singapore, is joining a $100 million funding for Hong Kong- based Animoca Brands corp. Animoca Brands is a “leader in digital entertainment, blockchain, and gamification, working to advance digital property rights and contribute to […]
Ethereum Up 10% In One Day – How Smart Money Is Playing The Bounce
I’m sure many of us are surprised by the recent market rally caused by the Ethereum Merge. The macroeconomic conditions completely contradict all rationale approaches towards this rally – inflation, interest rates, oil, and the waging political conflicts between the world superpowers becoming an increasing concern. While it is difficult to extrapolate and rationalize why […]
S’pore Institutions Are Still Looking Towards Crypto Investments – Bitstamp Survey Shows
In a global survey released today, Bitstamp – the world’s longest-running crypto exchange, polled institutions all around the world for their thoughts on cryptocurrency. It includes more than 28,000 participants, ranging from retail to institutional investors, from regions such as Hong Kong, Australia, Japan, and more. Also Read: It’s Time To Zoom Out – The […]
Friktion Partners With Fireblocks To Launch Institutional DeFi
Solana’s leading portfolio management platform, Friktion, has joined forces with digital asset and crypto technology platform, Fireblocks, to enable institutional access in DeFi. This partnership will see over 1300+ of Fireblock’s clients connected to Friktion’s core product, Volts, safely and conveniently. This will mark a key milestone for Friktion institutional, a new division focused on […]
Is GameFi Dead? 89% Of Crypto Investors Saw Profit Drop In The Last 6 Months
Without a doubt, GameFi has been a critical driving force of crypto adoption. In 2021, nearly 50% of the active cryptocurrencies wallet were interacting with blockchain games daily. But things aren’t the same in 2022. A survey by CHAINPLAY saw 89% of crypto investors worldwide see their GameFi profit tumble down in the last six […]
BTC Down 57% As USD Climbs 17% – How The Dollar And Equities Affect Crypto
Bitcoin ($BTC) has been moving in the opposite direction of the United States Dollar (USD) since the beginning of 2022. Presently, the inverse relationship is more extreme than ever. The Dollar And Bitcoin Goes In Opposite Directions Visibly, we could see that USD has been surging since August 2021. Bitcoin did have one final rally […]
Triple Threat Trading Strategy: The MACD, Stochastic and RSI
These tools are a combination of the RSI, Stochastic oscillator and the regular MACD (Moving Average Convergence/Divergence). Stochastic compares the asset’s closing price to its price over a certain period of time while MACD shows two moving averages diverging and converging with one another. RSI, is the main momentum indicator traders would use in measuring […]
A Deep Dive Into Uniswap Fee Switching And How Liquidity Providers Could See A 17% Pay Cut
Few protocols are actually profitable – and Uniswap is trying to be one of them. While the Decentralized Exchange technically does not make money via transactions, it does have grounds for profitability. This is thanks to a recent governance proposal, where a “fee-switch” mechanism has been turned on for three liquidity pools. But it’s not […]
S’pore May Restrict Retail Access To Crypto – MAS Chief Ravi Menon
Singapore, once heralded as a hub for crypto, may be taking steps to curtail retail participants from crypto trading. While the country remains attractive for Web3.0 institutions and funds to set up in, they seem to be going the opposite way with the average joe. “Retail investors should steer clear of cryptocurrencies. We cannot emphasis […]
🚫 Not the week for bulls
Hey Chain Debrief Community, Gm fam! (I know we send this in the evening, but it’s morning somewhere amirite) Oof, not a good week for bulls. It’s a bloodbath out there, and many longs were liquidated. It is reported that US$562 million long was liquidated, and I hope you’re not one of them. Things are […]
