Devendra's Podcast

Institutional interest in Litecoin on the rise, Grayscale Litecoin Trust up by 32%

Institutional interest in Litecoin(LTC) on the rise, Grayscale Litecoin Trust up by 32%. Institutional interest in Litecoin is on the rise. While it is known as the “silver” to Bitcoin’s gold, that narrative is changing. It looks like Litecoin might be standing independently, since institutions and retail investors alike, are starting to see potential in it. 

Students Are Now Turning To Crypto To Help With School Expenses

Students are now turning to crypto to plug the financial gap that comes with schooling. It is no surprise that the cost of schooling has gone up tremendously over the years. Now more than ever, students are graduating with tens of thousands of dollars in student debt. But even the massive loans students have to take out to pay for schooling do not cover everything.

Institutions remain bullish on Cardano and Ether while BTC outflows persist

Ethereum(ETH) and Cardano(ADA) continue to dominate inflows to institutional crypto investment products while demand for BTC weakens. Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin. Ether was the favoured asset among institutional investors, with ETH-based products posting a weekly inflow of $17.2 million.

BTC Bulls Show Utmost Resilience Above $46,000 While Eyeing Liftoff To $50,000

Bitcoin(BTC) has remained lethargic in its trading since last week. The rejection from $50,548 left investors dejected because their expectation was for BTC to climb past $55,000 and close August near $60,000. Meanwhile, Bitcoin is teetering marginally above $46,000. The homestretch to $50,000 seems near yet challenging to achieve, especially with multiple short-term sell signals.

Solana price hits $100 for the first time after mysterious ‘Ignition’ event revealed

Solana (SOL) prices rose on Monday as traders speculated on what appeared to be a key but mysterious feature launch scheduled for later this week. The SOL/USD exchange rate climbed to a new record high of $103.06 following a 9.35% intraday rally. The upside move surfaced days after Solana introduced “Ignition” on its official media handles.

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Tezos (XTZ) price has gained 85% this month

Tezos(XTZ) network is a self-amending blockchain that is capable of being upgraded over time without the need to undergo a hard fork. Altogether, the Tezos network has undergone seven successful upgrades since launching and three of them occurred in 2021. The most recent 'Granada' upgrade was implemented on Aug. 6.

New Poll Shows One in Ten Americans Now Invest in Crypto

Crypto investors seem to be focused on the future, whether short-term or long-term, as they are shown not to be incentivized by the ‘growth’ the crypto space has seen so far but rather the potential that lies ahead. Overall, only 3% of investors began to invest because they were encouraged by the growth in cryptocurrency.

Cuba agrees to regulate, recognize cryptos citing ‘socio-economic interest’

Two weeks ahead of El Salvador’s official adoption of Bitcoin as legal tender, another Latin American nation has decided to officiate the use of cryptocurrencies. According to recent reports, the Cuban government has said that it wants to “recognize and regulate” the use of digital assets in the nation.

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DeFi TVL hits a record $157B as Ethereum competitors attract investors

Interoperability-focused projects that offer cross-chain bridges and lucrative liquidity mining pools are seeing an influx of funds right as DeFi’s TVL hit a new all-time high. Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT) and THORChain (RUNE) seeing gains in excess of 115%.

Chainlink Partners With Solana, Launches Price Feeds On Solana Devnet

Chainlink(LINK), an oracle network powering hybrid smart contracts, has partnered with Solana(SOL), a high-performance decentralized blockchain. The partnership has enabled Chainlink’s Price Feeds oracle system for decentralized finance (DeFi) to be launched live on the Solana Devnet at sub-second updates.

Bitcoin hash rate triples since June 28 in recovery from China syndrome

Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown. The hash rate for the Bitcoin(BTC) network has made a remarkable recovery since it crashed following China’s crypto mining clampdown earlier this year. The Bitcoin hash rate has now topped 150 Exahashes, or one quintillion hashes, per second according to data from analytics provider CryptoQuant.

Dogecoin going to help real dogs — Chicago animal shelter now accepts crypto

PAWS Chicago, an animal rescue organization in the midwest city aiming to have shelters stop using euthanasia for its resident cats and dogs, is now accepting crypto donations. In a Tuesday announcement, PAWS Chicago said it would be accepting Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other tokens to support its operations ahead of its new hospital for homeless cats and dogs.

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BTC Taps $50000 For The First Time Since May Amid Extreme

GreedBTC taps $50000 since May while bulls shift attention to $60,000. BTC’s technical picture remains bullish, suggesting that this is a bull cycle. Bitcoin price continues with the recovery from $44,000 during the weekend session. BTC taps $50000 for the first time since May amid extreme greed. As expected, settling above $48,000 triggered more gains as buyers looked forward to trading past $50,000.

PancakeSwap Announces New NFT Marketplace and Collection

After a year of success, PancakeSwap has turned its attention to the NFT space with a brand new collection and marketplace. The move is an ambitious one and signals PancakeSwap’s intent to expand its role in the market. The summer of Non-Fungible Tokens (NFT) is spreading like ivy across all platforms.

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Poly Network hacker returns $258M, conducts AMA on how it went down

$258 million worth of stolen crypto assets have been returned so far and the hacker claims they are keeping the rest of the funds safe while they negotiate with Poly. The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol and conducted a question and answer session detailing how the initial hack went down.

Bitcoin AT $46K, Will The Market See $50K Before The Next Bear Run?

Bitcoin(BTC) is roaring right now price-wise. The price of the coin shows no signs of slowing down following the price rally from the past three weeks. Bitcoin at $46k, will the market see $50k before the next to bear run. The price picks up again, breaking new resistance points that had before held it back. The run-up from a price range of the low $30,000 has now seen the digital asset price break into Bitcoin at  $46k territory. Traders hope for a new altcoin season now that Bitcoin turned $45K to support bitcoin's consecutive daily closes above $45,000 were followed by a 40% rally from ICP, RVN, VGX, and EGLD, leading traders to believe that a new altcoin season is starting. While the fresh bullish momentum attracted the attention of investors, Bitcoin’s (BTC) move from $33,400 to $45,900 was pretty much in line with the rest of the market.

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Cardano price is hot, but data shows pro investors haven't warmed up yet

ADA has gained 57% in the past 3 weeks but derivatives data shows pro investors aren’t bullish yet. Cardano (ADA) has been in the spotlight lately and this is partly because of its early 2021 price performance and the fact that its a huge fan base.

Dogecoin and Shiba Inu fetch 50% gains as altcoins rally

New use cases and a massive token burn signal that the dog days of summer could be over for DOGE and SHIB. The growing optimism has also translated into a bounce in dog-themed meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which have both seen their prices rise by more than 55% over the past three weeks.

Total crypto market value breaks $1.9T for the first time since May

Crypto markets have recorded a notable rise, surging $700 billion, or 58%, over the past 21 days. The cryptocurrency market has continued a solid bullish trend in early August, with the total market capitalization nearing $2 trillion. The total crypto market cap broke the $1.9-trillion mark on Monday, retouching this level for the first time since May 18.

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Tether claims to have increased total assets by $21B in new accounting review

Tether(USDT) Holdings has been disclosing its reserves and liabilities as part of a settlement with the New York Attorney General’s office in February 2021. Tether Holdings Limited, the company behind the USDT stable coin, released an independent accountant report on Monday claiming that its tokens are fully backed by its reserves. 

KYC tools can minimize hassle for US crypto market, FTX CEO says

FTX will now use phone numbers to confirm users’ jurisdiction and names in addition to testing new KYC tools. Ongoing regulatory scrutiny has forced many crypto businesses across the globe to close up shop. Complementing the announcement concerning the KYC-related update, Bankman-Fried cited investors’ funds and safety as a priority.

MicroStrategy and Bitcoin mining stocks rally as BTC price rebounds

The price of MARA, RIOT, MSTR, and other listed companies with exposure to Bitcoin has nearly tripled in the last three months. Bitcoin's (BTC) price soared to a 3 month high at $46,293 after bulls confirmed that they intend to take full control of the market. While crypto traders might be in the green again and pro traders are looking to add larger leveraged positions, no every class of investors to obtain direct exposure to Bitcoin. 

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Top Crypto Trader Predicts End of Dogecoin’s Bear Trend, Says One Sleeping Giant Could Be Ready To Surge

A high-profile trader says that Dogecoin (DOGE) and one other asset are preparing for liftoff as Bitcoin edges toward $45,000 and Ethereum reclaims $3,000. In a tweet to his 156,000 followers, Smart Contractor predicts that Dogecoin will break out of its bear trend and skyrocket to as high as $0.41.

Ethereum Sets Sight On $4000 After Outperforming Bitcoin For Two Years In A Row

The market, overjoyed and excited, would aim higher, anticipating that Ether bulls will sustain the newly attained price level and continue to push the second-largest crypto-asset higher. We see probabilities tilted toward more price-appreciation resumption and for Ethereum(ETH) to rise toward $4,000.

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