Altcoin News Official TheBitTimes.com

Bifrost, a leading liquid staking protocol, unveiled LoopStake, a new product aimed at simplifying leverage staking for users within the Polkadot (DOT) ecosystem, as per the information shared with Finbold on March 13.  What is LoopStake? Leverage staking, i.e., staking assets to obtain a liquid staking token (LST) and then using it as collateral to borrow staked assets, is a complex and resource-intensive strategy. LoopStake eliminates the need for manual looping, democratizing leverage staking , and offering users a one -click solution to amplifying yield on their staked assets. Picks for you Claude Opus AI picks 3 cryptocurrencies to invest in 2024 16 hours ago Bitcoin or Nvidia: What was the better investment in 2024? 17 hours ago KuSwap’s NFT marketplace goes live on Horizen EON 18 hours ago Bitcoin bulls erupt as chart teases explosive surge 19 hours ago Built on the Substrate framework and leveraging Polkadot’s interoperability, L...

FTX victim, who lost over 90% of his net worth following the collapse, successfully raised $450,000 from his recently launched trading fund. Belgian resident Kasper Vendeloock recently launched Musca Capital, a new fund that trades liquid token s. The venture is supported by Hashmask NFT project founders and two other investors. With the funds raised, Vandeloock aims to rebuild his trading systems and implement automated strategies. He will begin by trading liquid tokens on centralized exchanges. Vandeloock strives to recover from a substantial financial setback resulting from the collapse of the disgraced Sam Bankman-Fried’s (SBF) FTX exchange, which led to significant losses in his net worth. He kept most of his funds on FTX, an exchange he trusted due to personal connections with SBF.  You might also like: Former FTX CEO wants to exempt friends from security checks In November 2022, the exchange went bankrupt following SBF and his team’s lack of proper capital co...

BTC HODLers Multiply According to Glassnode, the il liquid supply of Bitcoin is steadily increasing at a rate of +119K BTC per month. This indicates that coins are increasingly accumulating in wallets with minimal transaction history, reinforcing the notion that HODL ing remains the prevailing market dynamic. advertisement This trend suggests that a significant portion of BTC holders are choosing to retain their coins rather than actively trading or selling them. In parallel, Bitcoin dominance has been climbing, currently standing at 47.6%, representing a year-to-date increase of 7.6%. This upward trajectory indicates a consistent rotation of capital from altcoins to major cryptocurrencies. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...