Bank of America report says crypto, DeFi are “only in the first inning”
Bank of America report says crypto, DeFi are “only in the first inning”The global crypto market cap is $2.3 trillion with a 24-hour volume of $135.02 billion. The price of Bitcoin is $53,916.88 and the BTC dominance is at 44.3%.
by Samuel Wan This week, Bank of America (BoA) published a favorable crypto report detailing its analysis of the sector. It states that cryptocurrency has become too large to ignore, adding that, despite the phenomenal growth seen to date, the industry is still “only in the first inning.” More news ⏬Crypto exchange Binance sets up three Irish entities after global regulatory tussleWith the regulatory clampdown against crypto trading still in full effect in China, Binance, the biggest crypto exchange in the world by trading volume, has moved to cement its operations in another country, Ireland. Analyst calls 100 days of Bitcoin greed as ‘cooling period’ comes to an endRenowned Bitcoin (BTC) investor and market analyst, Tuur Demeester, recently reminded his army of more than 200,000 Twitter followers about a certain market sentiment indicator. Polygon (MATIC) to raise gas fee to 30 gwei to prevent spam transactionsPolygon network would be raising its network fees from one Gwei to 30 Gwei in an attempt to curb spam transactions on its ecosystem. Tiny island of Tonga weighs making Bitcoin (BTC) legal tenderLike many crypto enthusiasts predicted that several countries would be following in the footsteps of El Salvador in adopting Bitcoin as a legal tender, there are indications that Tonga could be the next, as one of the country’s politicians is busy drafting a bill in that direction. NFT fever returns as sales surge to $10.7 billion on Ethereum, Solana, and other blockchainsSales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in the third quarter of 2021, according to DappRadar’s latest blockchain industry report. Polkastarter announces 2.0, brings staking, IDO farming, easy allocations, and multichain supportPolkastarter’s V2 update went live earlier this week on October 4, bringing with it a host of new changes and enhancements to benefit the broader Polkadot community. Chainlink (LINK) tech is bringing South America its first stablecoinFinTech firm Spartan Hill has announced it is integrating Chainlink Price Feeds to help power a new decentralized Colombian Peso stablecoin called Daily (DLY), CryptoSlate learned in a release. SEC’s Gensler feels the heat as Congressman Emmer lays the smackdown on cryptoU.S Representative Tom Emmer of Minnesota grilled SEC Chair Gary Gensler during a recent meeting. US Federal Reserve would soon release ‘detailed plans’ for a digital dollarIn a new move that is set to change the dynamics of the financial industry in the United States, the country’s Federal Reserve is set to release detailed plans that will guide the process of reviewing the risks and benefits attached to issuing a central bank digital currency (CBDC), a report on Wall Street Journal […] Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. 🔥 Trending Sectors
Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article. If you liked this post from CryptoSlate, why not share it? |
Older messages
The US SEC is investigating crypto firm Circle over USDC product
Tuesday, October 5, 2021
The global crypto market cap is $2.18 trillion with a 24-hour volume of $109.87 billion. The price of Bitcoin is $50141.58 and the BTC dominance is at 43.3%.
Coinbase reports 6,000 crypto account hacks after SMS flaw
Monday, October 4, 2021
The global crypto market cap is $2.14 trillion with a 24-hour volume of $102.52 billion. The price of Bitcoin is $48668.91 and the BTC dominance is at 42.8%.
The crypto market is bigger than ever, and so is the crypto derivatives market
Sunday, October 3, 2021
The global crypto market cap is $2.14 trillion with a 24-hour volume of $87.37 billion. The price of Bitcoin is $48070.03 and the BTC dominance is at 42.3%.
DeFi tokens SUSHI, SNX, UNI emerge as winners after China’s crypto crackdown
Saturday, October 2, 2021
The global crypto market cap is $2.13 trillion with a 24-hour volume of $98.27 billion. The price of Bitcoin is $47838.64 and the BTC dominance is at 42.3%.
Cardano (ADA) developers can now leverage Chainlink for better smart contracts
Saturday, October 2, 2021
The global crypto market cap is $1.92 trillion with a 24-hour volume of $98.68 billion. The price of Bitcoin is $43201.84 and the BTC dominance is at 42.3%.
You Might Also Like
What is DeFAI? The AI-enabled DeFi narrative looking to take 2025 by storm
Wednesday, January 15, 2025
AI-driven DeFi projects aim to simplify finance with real-time insights, trading, and personalized strategies, but face hurdles in transparency and security. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 📈Solana’s daily DEX trading volume beat Ethereum’s by 84%; Sony launched its L2 blockchain, …
Wednesday, January 15, 2025
Solana's daily DEX trading volume beat Ethereum's by 84%. Sony launched its L2 blockchain, Soneium. Compound integrated Ethena's stablecoin and Mantle's liquid staking token. ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 📈Solana’s daily DEX trading volume beat Ethereum’s by 84%; Sony launched its L2 blockchain, …
Wednesday, January 15, 2025
Solana's daily DEX trading volume beat Ethereum's by 84%. Sony launched its L2 blockchain, Soneium. Compound integrated Ethena's stablecoin and Mantle's liquid staking token. ͏ ͏ ͏ ͏ ͏
OKX Founder's Full Speech: "Always Hold Bitcoin"
Wednesday, January 15, 2025
January 14, 2025, OKX CEO Star delivered a speech via video link. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
JPMorgan believes Solana, XRP ETPs could attract $15 billion in net inflows
Tuesday, January 14, 2025
Both assets register $2.5 billion in assets under management currently, with a little over $500 million in inflows registered last year. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Coin Metrics’ 2025 Crypto Outlook
Tuesday, January 14, 2025
Key Trends & Outlooks Shaping Digital Assets in the Year Ahead ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Bitcoin’s sharp rise and fall starts week with $418 million in liquidations
Monday, January 13, 2025
Crypto positions unwind with $245M in longs liquidated across major exchanges. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
₿ US-based entities hold 65% more BTC reserves than non-US entities; Crypto.com launched stocks and ETFs trading i…
Monday, January 13, 2025
US-based entities hold 65% more BTC than non-US entities; Crypto.com launched stocks and ETFs trading in the US; South Korea is reportedly planning to gradually allow institutional crypto trading ͏ ͏ ͏
Crypto Crash Imminent As US DOJ Sells Over 69K BTC
Monday, January 13, 2025
Monday Jan 13, 2025 Sign Up Your Weekly Update On All Things Crypto TL;DR Crypto Crash Imminent As US DOJ Sells Over 69K BTC Senator Lummis To Head New Crypto Subcommittee Dogecoin Fails To Break
2024 Cex Annual Report: Binance's lead narrowed, while Bybit spot and Bitget contracts grew significantly
Monday, January 13, 2025
In December, major exchanges recorded a 14% increase in spot trading volume, with Bitget leading at 102% growth, and a 6% rise in derivatives trading volume, where Gate saw the largest increase at 111%