U.S. may support conflict between Israel and Ukraine, Bitcoin rises on global economic concerns
Main highlights:
U.S. Treasury Secretary Janet Yellen said the United States could support the conflict between Israel and Ukraine.
Yellen argued that a strong U.S. economy could help both countries and stressed that providing funding was a top priority.
Conflict in the Middle East could impact oil and gas prices, pushing Bitcoin higher as investors seek stable investments during uncertain times.
2. The DeFi ecosystem thrives on the Cardano network, with a total value of $302 million
Main highlights:
The value of the Cardano network DeFi ecosystem has grown rapidly, reaching a peak in March 2022, totaling $302 million.
ADA price increase and the launch of new DeFi projects are the main drivers of ecosystem growth.
3. Cardano DeFi Ecosystem: DexHunter grows by 57%, Cherryland and IUSD face challenges
Main highlights:
Analyst Paul highlighted the growth of Cardano DeFi projects, with DexHunter growing by 57%.
Cherryland and IUSD are currently facing challenges, with IUSD in particular struggling due to supply and demand issues.
Summarize:
U.S. support for the conflict in the Middle East could impact the global economy, driving Bitcoin higher. Meanwhile, the Cardano network’s DeFi ecosystem is booming, with a total value reaching $302 million, but some projects are facing challenges, including Cherryland and IUSD.
