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While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since May 18,
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Ethereum funds continued their negative streak, marking nine consecutive weeks of outflows. Investors pulled out $32 million from funds that manage the second-largest cryptocurrency, ether (ETH), adding up to $357 million in outflows year to date. The outflows picked up in December 2021, and they represent a relatively small share
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The latest moves in crypto markets in context for May 24, 2022. Source
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Bitcoin-focused funds suffered the most, losing $132 million last week, the highest so far this year. Since the start of April, bitcoin funds have suffered a cumulative $310 million of redemptions, though for 2022 to date the funds are still sitting on a cumulative $120 million of net inflows. Original Source
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Crypto Funds Suffer Second Straight Week of Outflows Original Source
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekUkraine’s president signs law establishing regulatory framework
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Since Russia began its unprovoked attack, bitcon, has risen and dipped within the $37,000 to $45,000 price range that it entered in late January. "It's been another range-bound, indecisive week for Bitcoin and the crypto markets where the market leader has failed to make any meaningful headway on the upside,"
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The world's second-largest country by population has watched foreign investors flee for the last two weeks; bitcoin settles below $40,000. Original Source
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The value of RMB payments gained over 10% compared to December amid an inauspicious test of the digital yuan at the Winter Olympics. Bitcoin and major altcoins tumbled as tensions continued mounting on the Ukraine border. Source
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El Salvador’s move to embrace Bitcoin has ruffled the feathers of bond investors, with yields spiking as investors signal uncertainty for the emerging economy.A Wednesday report published by Bloomberg notes that recently, the yield curve on El Salvador’s bonds has inverted, meaning bonds with short-term maturities are now yielding more than
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