Whales Cash Out as Retail Investors Rush In: BIS Report

• The collapse of the giant cryptocurrency exchange FTX has been good for industry competitors, as trading on major exchanges boomed after the incident. • According to research by Bank for International Settlements (BIS), whales on big exchanges like Binance, FTX, and Coinbase may have exited the platforms „at the expense of smaller holders“ by …

Convex Finance Price Slips Below $6.5 As Markets Await Inflation Data

• Convex Finance (CVX) price has slipped below $6.5 as the crypto market awaits inflation data from the U.S. Bureau of Labor Statistics; • Market participants are optimistic after Federal Reserve Chair Jerome Powell acknowledged the presence of “disinflation” in the U.S. economy; • Economists predict a 0.5% monthly rise in CPI figures, with an …

Launch DJED: A Revolutionary Stablecoin to Power Crypto Transactions

• Cardano and COTI have been partnering for over a year to develop DJED, a stablecoin. • DJED would be deployed on the mainnet for investors once the chain index syncing is complete. • The concept of over-collateralization would be used to ensure that DJED remains stable despite not being pegged to a fiat currency. …