• Bitwise DeFi Crypto Index Fund
    Alt coins

    Bitwise launches DeFi Crypto Index Fund

    Bitwise Asset Management’s new index fund includes nine decentralized finance cryptocurrencies, including Uniswap, Aave, and Maker

    The new Bitwise DeFi Crypto Index Fund seeks to take advantage of the rapidly growing DeFi market, which is increasingly seen as a viable alternative to traditional finance, offering peer-to-peer financial services like loans and lending, decentralized exchanges, and derivatives, among others.

  • DEX volumes up 450%
    Cryptocurrencies,  Technology

    Decentralized exchange trading volumes up 450% to hit record $1.5B

    According to 2020 figures from Dune Analytics, trading volumes on DEXs rose 70% in June alone

    The considerable uptick in demand follows a trend that we have seen with DEXs throughout 2020: trading volumes have been consistently higher this year when compared with the last.

  • Crypto must-reads
    Bitcoin,  Cryptocurrencies

    Crypto Must-Reads for June 24, 2020

    These are the crypto stories you should be following now: Expect Bitcoin price volatility with huge Friday options expiration; Historically, economic uncertainty should reconnect Bitcoin’s price with the stock market, and that’s not good news; DeFi lending platform Compound’s COMP tokens “crash” to a mere 250% gain in 10 days; DeFi portfolio manager Balancer’s governance tokens follows Compound’s soaring prices; Analysts’ strategies for “yield farming” DeFi liquidity rewards.

    Bitcoin has had an acceptable run in June, generally staying above $9,300 but rejecting $10,000 (except for a quick spike on June 1), according to CoinGecko. That may well change today, as the IMF’s June outlook is expected to be bad, pushing broader economic uncertainty higher. That generally means BTC volatility, but in which direction remains to be seen. Meanwhile, the prices of decentralized finance tokens are soaring. Newcomers Compound, a decentralized finance lender, and Balancer, an automated portfolio balancing platform, have been racking up huge gains in just the past 10 days. As these DeFi platforms woo liquidity providers with token rewards, “yield farming” can bring two revenue streams…