Possible Yearn rival Convex Finance passes $1 billion in total value locked

While much of the market reels from a devastating pullback that has dragged DeFi’s closely-watched total value locked (TVL) figure down from all time highs, one protocol is shrugging off the macro weight and surging up the TVL leaderboard.  Ethereum-based Convex Finance ($CVX) cracked a billion dollars in TVL earlier today, rising as high as $1.14 billion and briefly cracking the top-20 by size, per DeFilama. 2 weeks, 3 commas. $1,000,000,000+ TVL pic.twitter.com/NDOVabZB11 — Convex Finance (@ConvexFinance) June 1, 2021 Convex team lead “c2tp” told Cointelegraph in an interview that…

Polkadot ETP hits Swedish stock market

The mainstream financial world has taken notable strides to incorporate various crypto assets. A new exchange-traded product (ETP) for Polkadot (DOT) recently surfaced on a mainstream exchange in Sweden.  The Nordic Growth Market now hosts buying and selling for the DOT ETP, officially labeled as the “VALOUR POLKADOT (DOT) SEK,” according to a public statement provided to Cointelegraph. The ETP is a product of Valour, a company that produces digital asset-based ETPs. The product went live on the exchange on Monday. A company called DeFi Technologies is Valour’s parent company.…

Memecoin DOGE set for listing on Coinbase Pro

Coinbase Pro, the professional trading arm of the Coinbase cryptocurrency exchange, has begun accepting inbound transfers for Dogecoin (DOGE), setting the stage for wider adoption of the meme-based digital asset.  Trading of DOGE will go live on Coinbase Pro Thursday at 9:00 a.m. Pacific Time, provided that liquidity conditions are met, the exchange announced Tuesday afternoon. Starting today, inbound transfers for DOGE are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT…

‘Sidequests,’ sponsorships, and e-sports as DeFi protocols ponder user acquisition

One of the most intractable problems in DeFi may be facing a ecosystem-wide effort as a growing number of protocols are beginning to get creative with their advertising and outreach efforts.  Automated market maker Uniswap announced today a collaboration with esports group Team Secret. Funded by the Uniswap Grants Program, Uniswap will become an official sponsor of the team in exchange for $112,500. In an announcement blog post, Team Secret said that they will be “developing exclusive content and esports activations” for the Uniswap community, as well as help Uniswap…

Privacy blockchain Dusk establishes $5 million grant program

The crypto space has grown significantly in recent years, with various projects harnessing different blockchains for their solutions. Dusk Network, a blockchain focused on privacy, now offers projects the opportunity to apply for funding for Dusk-related endeavors.  “The Dusk Grants Program seeks to engage (independent) projects, developers, researchers, academics, or community organizers that want to accelerate the growth and accessibility of the Dusk Network blockchain platform,” Dusk said in a public statement on Tuesday. “The program is open to anyone and everyone, though applications need to be relevant to Dusk…

Forbes should be ‘under US ownership’

Blockchain holding group Borderless Services Inc. made headlines in late April amid reports that it had placed a $700 million bid to acquire business news publisher Forbes Media LLC. In an interview with Cointelegraph, CEO Patrick McConlogue shed light on the acquisition target and why it aligns with the organization’s overall vision.  “Acquiring any company is a long process, and there are a lot of moving parts,” McConlogue wrote in an email, adding: “We are excited to participate either as owners, partners, or combined force with the other bidders. Collectively…

The 5 hottest cryptos on Twitter this month

In the realm of digital assets, Crypto Twitter is a major seat of power. Memecoins and serious large-cap assets alike can see their value rise or fall depending on whether the whimsical Twitter crowd decides to pay attention.  Huge rallies and dramatic declines often trigger waves of Fear, Uncertainty and Doubt (FUD) or Fear of Missing Out (FOMO) on the platform, capable of massively amplifying the unfolding price dynamics. Granted, it would be convenient if increases in Twitter volume always spelled price hikes — yet, as the facts demonstrate, this…

3 potential bullish catalysts for Ethereum price in June

As of June 1, Ether (ETH) has dipped by more than 40% after establishing a record high of $4,384 in May. The major move downhill in the world’s second-largest cryptocurrency by market cap has prompted many analysts to predict additional declines. For instance, Clem Chambers, chief executive of financial analytics portal ADFVN.com, sees the recent ETH/USD plunge as reminiscent of the beginning of 2018’s crypto crash that preceded a 24,000%-plus bull run. Comparing Ethereum (black) and Bitcoin (blue) bull runs in 2017-2018 and 2020-2021. Source: ADFVN Ether surged by more…

Coinbase debuts crypto rebate for online shopping via Apple Pay and Google Pay

Online shoppers who pay with their Coinbase Card on Apple Pay and Google Pay will begin enjoying crypto rebates. In an announcement on the Coinbase blog issued on Tuesday, the exchange service revealed that starting in June, some whitelisted customers will be selected to begin enjoying the crypto rebate feature. As part of the announcement, Coinbase revealed that customers who use their Coinbase Card on Apple Pay and Google Pay can earn up to 4% in crypto rewards for online shopping. “Splurging for guacamole with your Coinbase Card is a…

Why Bitcoin Could Sweep Lows Before A Bounce

Bitcoin price is consolidating above $35,000, trying to build enough support to make an attempt at returning to local highs. Once there, if or not the bull run is still on will become a lot clearer. But before that happens, there could be one more deep sweep of lows, according to a highly accurate market timing indicator. Here’s what the TD Sequential indicator – created by market timing wizard Thomas Demark – says about the current price action and what to expect in the days ahead. Why Bitcoin Price Could…