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🚀 DeFi's borrowing demand nosedived amidst crypto market chaos! Investors are unwinding risky positions, leading to a significant drop in stablecoin yields to 2.8%, the lowest in a year. This shift to a risk-off environment is causing borrowing across protocols to decrease, says Ryan Rodenbaugh, CEO of Wallfacer Labs. 📉 Major DeFi protocols like Aave and Sky faced massive liquidations as BTC and ETH prices plunged. Aave processed $110M in forced liquidations, while Sky liquidated a whale's $74M loan. Total borrowed assets on Aave fell to $10B from $15B since December. What are your thoughts on this DeFi shake-up? Share below! 👇
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🚀 Despite the market chaos, Bitcoin is holding strong! While stocks took a nosedive after Trump's tariff plans, BTC only dipped 8%—a bullish sign according to Zach Pandl from Grayscale. 📉 Pandl notes that Bitcoin's resilience, compared to the Nasdaq's 15% drop, is impressive. This modest pullback suggests tariffs might actually boost Bitcoin adoption long-term. 💪 With stagflation looming, investors are eyeing Bitcoin as a safe haven, much like gold. Are you seeing Bitcoin as a refuge in these turbulent times? Share your thoughts below! 👇
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🚀 Big moves in the NFT gaming world! Aavegotchi DAO has voted with a whopping 93.25% in favor to migrate from Polygon to Base, Coinbase's layer-2 blockchain. This shift highlights changing tides in the Ethereum layer-2 space. 🌊 All Aavegotchi NFTs and assets will find a new home on Base, while legacy assets on Polygon will be frozen. This comes as Polygon's TVL plummets from $10B in 2021 to $737M today, while Base surges to $2.9B. 📈 Pixelcraft Studios promises better onboarding and faster transactions. What do you think about this move? Share your thoughts below! 👇
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🚀 Exciting times for Bitcoin! Rootstock is gearing up to launch SDKs for developers to create layer-2 networks using BitVMX, a twist on BitVM. This move could supercharge Bitcoin's scalability, bringing Ethereum-like smart contracts to the Bitcoin world! 🔗 Rootstock's collaboration with Fairgate and IO, dubbed "BitVMX Force," aims to standardize and enhance protocols, paving the way for smoother Bitcoin upgrades. Lerner emphasizes the need for Bitcoin to be more than just a store of value. What do you think? Will BitVMX revolutionize Bitcoin's utility? Share your thoughts below!
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🚀 Stocks are soaring post-"Black Monday" scare, but Bitcoin's taking a detour! 📉 While Nasdaq and S&P 500 are up nearly 3%, Bitcoin's retreating from $80K to $78K, flirting with its weekend lows. The stock surge is fueled by Trump's tariff news and optimistic trade talks with South Korea and China. Globally, Europe and Japan are riding the wave too! 🌍 Despite Bitcoin's 9% dip since Trump's tariff buzz, it's still up 14% since last November's election. Is this divergence a temporary blip or a sign of things to come? Share your thoughts below! ⬇️
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