Sun, Nov 3, 2024 6:38 PM
Veteran trader makes surprising call between Palantir, Nvidia stock
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Cryptocurrency loans are soaring in value, marking a potential warning sign for crypto markets amid post-election investor optimism. “High-risk” DeFi loans have soared following the United States presidential election, according to data shared by IntoTheBlock, in a Nov. 6 X post. High-risk DeFi loans are collateralized by volatile assets that are within 5% of their liquidation threshold.
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The Ethereum Foundation reported that almost $500 million was deployed to support ecosystem projects in 2022 and 2023. The foundation’s 2024 annual report revealed that entities across the Ethereum ecosystem spent $497 million to fund projects, with $240.3 million, or 48.3%, contributed by the Ethereum Foundation itself.
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