Messari

Stocks Continue Downward Move While Bitcoin Fights to Stay Above $10,000

One criticism that often comes up when speaking with skeptics about crypto trading is the prospect that whales control this market. Well, that may be true, but the issue isn’t any worse than it is in any other market. The big story crossing financial media today is about a large hedge fund who’s been pushing around the world’s biggest tech stocks. So all the narratives about the Federal Reserve, QE, new retail money, stock splits, tech equities being immune to the virus, and pure momentum have fallen by the wayside,

Altseason or not, Ethereum, Chainlink & Polkadot are here to stay

Over the past few weeks, the hype around a supposed altseason seems to have died down. I mean, sure, DeFi is still what one would characterize a “booming space.” But, many of the market’s altcoins have fallen on the charts lately, especially since Bitcoin dipped under $11,000 a few days ago. Thus, the question arises – Is it too soon to say that the altseason has come to a grinding halt?Of course, it is. After all, it is just a pullback and it’s not like the market’s alts have crashed

Messari: $500M in BTC tokenized for DeFi is just the beginning

Crypto analytics firm Messari estimates that $500 million worth of Bitcoin (BTC) has been tokenized on the Ethereum network for use in decentralized finance (DeFi) protocols.The firm's latest report points out however that this figure represents just 0.3% of Bitcoin’s $216 billion market cap, meaning there is ample opportunity for projects that facilitate the migration of Bitcoin onto Ethereum, to capture significant value.According to DeFi Pulse, popular Bitcoin tokenization protocols WrappedBTC (WBTC) and RenVM are the ninth and 10th largest DeFi projects by locked funds, with $453 million and $232.4