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Cardano (ADA) has grown its decentralized finance (DeFi) ecosystem in recent years, increasing the demand for its native token. Still, … Continue reading
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CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.
The total value locked (TVL) of all Cardano-based tokens jumped to over $440 million late earlier this week, crossing a previous peak of $330 million set in April.
The Securities and Exchange Commission is doubling down on its allegations that certain crypto assets are securities. These allegations haven’t dampened investor enthusiasm for the tokens.
The CoinDesk Market Index has added almost 4% in the past 24 hours.
The DEX previously said traders lost a significant amount of ADA due to a “misunderstanding” about how the platform operates, but confirmed it would refund losses at the time.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the “digital asset” category, which some say bodes ill for DeFi.
Court documents from last November give a rough picture of the lender’s altcoin holdings.
Cryptocurrencies Cardano (ADA) and Solana (SOL) fell more than the broader crypto market on Tuesday, just before trading app Robinhood was set to delist them later in the day at 6:59 p.m. ET.
Moving average crossovers are lagging Indicators. That said, the latest death cross is consistent with the dour regulatory outlook.