🚀 **Crypto Lending Boom: Institutions Jump on the Bandwagon!** 🚀
- **Lending platforms** are having a field day! Ledn reports a whopping $1.65 billion increase in loans this year compared to last. 🤑
- In Q3 2024 alone, Ledn processed over $437 million in digital asset loans to institutions—a 14% jump from the previous quarter.
- John Glover, Ledn's CIO, notes a steady rise in institutional demand since July, mirroring ETF trends.
- Since 2018, Ledn has facilitated over $6.5 billion in loans across retail and institutional markets.
- As of Oct. 16, DeFi protocols boast a total value locked of $31.9 billion, per DefiLlama.
Stay tuned for more crypto updates!
🚀 Lending platforms are on fire! 🔥 Ledn reports a whopping $1.65 billion increase in loans this year compared to last. In Q3 2024 alone, they processed over $437 million in digital asset loans—a 14% jump from Q2. John Glover, Ledn's CIO, noted a steady rise in institutional demand since July, mirroring ETF trends.
💡 Fun fact: Since 2018, Ledn has facilitated over $6.5 billion in loans!
What do you think is driving this surge? Share your thoughts in the comments!
For more juicy crypto updates, stay tuned to Crypto Biz!
**Crypto Lending Platforms See Major Growth in 2024**
Lending platforms are booming this year! Ledn, a decentralized lending and savings firm, reported a $1.65 billion increase in loans compared to last year. In Q3 2024 alone, they processed over $437 million in digital asset loans to institutions, up 14% from the previous quarter. This surge is driven by tighter monetary policies and fierce competition for dollar funding.
John Glover, Ledn’s CIO, noted a steady rise in institutional demand since July. Since its 2018 launch, Ledn has facilitated over $6.5 billion in loans across retail and institutional markets.
Meanwhile, Tether is eyeing lending to commodity traders, Grayscale is considering 35 new crypto products, Ripple announced partners for its RLUSD stablecoin, and Thailand’s SCB is launching stablecoin remittance services.
Stay tuned for more updates on the ever-evolving crypto landscape!
Analyzing $BNB & $SOL : Key Levels to Watch
Hey CryptoPM Fam,
💎 BNB (Binance Coin) is currently forming a classic bull flag near a critical supply zone. Historically, this pattern often precedes a strong upward movement, indicating a potential breakout in the near term. Traders should watch for a confirmed breakout above this level for potential upward momentum.
💎 SOL (Solana), on the other hand, appears to be in a re-accumulation phase below its previous all-time high. This suggests that long-term holders may be accumulating, setting the stage for a breakout once demand outweighs supply. Given its strong fundamentals and network growth, SOL could see significant price action if it breaks out from the current consolidation pattern.
Stay vigilant and keep an eye on these developments! 🚀
That's it for today folks,
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Stay updated with the latest trends and analyses in the crypto world!
#Crypto #BNB #SOL #Trading #CryptoAnalysis
**Solana's SOL Soars on Memecoin Mania! 🚀**
- SOL token surged 12.1% from Oct. 11-18, thanks to memecoin frenzy.
- Memecoins like Goatseus Maximus (GOAT) hit $400M market cap, fueled by AI bot rumors.
- Other memecoins on Solana also saw huge gains: SPX6900 up 379%, Apu Apustaja 170%, and FWOG 134%.
- Solana's total value locked (TVL) hit a 2-year high at 41M SOL, up 13% month-over-month.
- Solana's DEX volumes grew 43% weekly, outpacing Ethereum and Arbitrum.
- Can SOL hit $180? With high validator capacity and network activity, it's looking promising!
Stay tuned for more crypto craziness!
**Solana's SOL Token Surges Amid Memecoin Craze**
Solana's native token, SOL, jumped 12.1% from Oct. 11 to Oct. 18, driven by rising interest in memecoins. This surge has boosted network volumes, fees, and total value locked (TVL).
Key memecoins like Goatseus Maximus (GOAT) hit a $400 million market cap, while others like SPX6900 (SPX) and Apu Apustaja (APU) saw massive gains. Solana's TVL reached a two-year high, nearing 41 million SOL, outperforming Ethereum and BNB Chain.
Solana's network activity also soared, with a 43% weekly growth in decentralized exchange (DEX) volumes, surpassing Ethereum. While the memecoin trend's sustainability is debated, Solana's robust network positions it well for future growth.
📈 $WOO (1D)
Analysis:
$WOOUSDT has broken out of a falling wedge pattern, followed by a retracement and now a strong move upward. High trading volume suggests momentum is building, signaling potential significant gains. Currently, it trades at $0.186. Keep watch for entry opportunities above $0.18 for potential gains.
Price Targets:
With momentum on its side, look for initial resistance at $0.23. Beyond this, next targets are $0.32 and $0.65. Significant upward movement is anticipated, making these levels crucial for planning exits and setting stop-losses. Stay alert and manage risk accordingly!
$WOO #SCRSpotTradingOnBinance #DYOR
{spot}(WOOUSDT)
🚀Lumia is revolutionizing the way we engage with cryptocurrencies! 🚀💰
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🔷 Join the growing community of crypto enthusiasts on Lumia Binance and take your trading to the next level! Together, we can navigate the dynamic world of digital assets and unlock new potential. 🌍🔑
Are you ready to embark on this exciting journey? Dive into the world of cryptocurrencies with Lumia Binance today! 🌈🔥 #lumia #MemeCoinTrending #lumiabinance #Rwachain
TECHNICAL ANALYSIS OF TOP 3 losers
1. $DIA (DIA -3.80% | Last Price: $1.0230)
{spot}(DIAUSDT)
• Price Action: DIA has seen a 3.80% drop in the last 24 hours, reflecting bearish sentiment.
• Support and Resistance:
• Support: Immediate support lies around $1.00, which is a psychological level.
• Resistance: A short-term resistance could be set near $1.05 based on recent price movements.
• Momentum Indicators:
• RSI: A 3.80% drop might push the RSI into oversold territory, indicating the possibility of a short-term rebound.
• MACD: Likely showing bearish divergence, suggesting continued downside pressure unless the market reverses.
• Trend: DIA appears to be in a downward trend in the short term, so traders might wait for a stronger support to form.
2. Unifi Protocol DAO ($UNFI -2.84% | Last Price: $2.872)
{spot}(UNFIUSDT)
• Price Action: UNFI has decreased by 2.84%, signaling moderate selling pressure.
• Resistance: Resistance could be at $3.00, as it is a key psychological level.
• Momentum Indicators:
• RSI: The steady decline may point towards further consolidation if not near oversold levels.
• MACD: Likely showing negative momentum, indicating bearish divergence.
• Trend: UNFI’s drop indicates caution from buyers. The price needs to hold above $2.85 to avoid deeper corrections.
3. Juventus Fan Token ($JUV -2.22% | Last Price: $1.85)
{spot}(JUVUSDT)
• Price Action: JUV is down 2.22%, showing minor bearish sentiment compared to the others
• Resistance: Resistance is expected around $1.90, where sellers might appear.
• Momentum Indicators:
• RSI: Given the mild decline, RSI could be neutral or approaching oversold levels.
• MACD: Shows bearish tendencies but could reverse with slight buying pressure.
• Trend: JUV is in a downward consolidation phase. However, its milder drop indicates that a recovery might occur if $1.80 holds strong.
#MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #BNBRisesTo600 #TeslaTransferBTC
🚀 **Rebar Labs to Launch Bitcoin Shield Against MEV by 2024!**
- Rebar Labs is gearing up to launch the first Bitcoin-native platform to protect traders from Maximum Extractable Value (MEV) strategies like frontrunning by the end of 2024.
- CEO Alex Luce revealed that Bitcoin’s emerging DEXs and L2 solutions, while exciting, have introduced new risks, including harmful MEV.
- Rebar’s Shield aims to be Bitcoin’s answer to Ethereum’s Flashbots, safeguarding transactions and promoting interoperability among Bitcoin’s fragmented DEX ecosystem.
- The Shield also promises to enhance returns for Bitcoin miners, with Rebar already in talks with major players in the mining space.
- Bitcoin’s DeFi is still in its early stages, but with L2 solutions gaining traction, the future looks bright for smoother and safer trading on the Bitcoin network.
Stay tuned for more updates! 🌟
**Rebar Labs to Launch Bitcoin-Native Platform to Combat MEV by 2024**
Rebar Labs is gearing up to introduce the first Bitcoin-native platform designed to shield traders from Maximum Extractable Value (MEV) strategies like frontrunning by the end of 2024, CEO Alex Luce revealed. The rise of Bitcoin-native decentralized exchanges (DEXs) and layer-2 scaling solutions (L2s) has brought new risks, including harmful MEV.
Rebar’s Shield aims to be Bitcoin’s answer to Ethereum’s Flashbots, which has safeguarded $43 billion in DEX transactions from MEV since 2021. Shield will enhance interoperability among Bitcoin’s fragmented DEX ecosystem and boost returns for Bitcoin miners.
Bitcoin’s 2021 Taproot upgrade has enabled more complex activities, but Bitcoin-native DeFi remains in its infancy. With daily volumes in the millions, the space is still in an early beta phase. However, Bitcoin-native L2s like Babylon, Core Chain, Rootstock, and Stacks are gaining traction, with a total value locked (TVL) of around $2 billion.
Luce emphasized the importance of good execution on Bitcoin to prevent users from migrating to L2s, highlighting Bitcoin’s potential as a robust market.