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DeFi Reading time: ~2 m Analyst firm Bolide Finance reported that the DeFi sector is showing positive returns for investors despite the crypto winter and declining volumes. The four DeFi protocols selected by Bolide Finance analysts recorded a return of 2.87% on average between January and July. During this time, the Acryptos DeFi project has recorded the highest return on average at 6.4%, while the profit peaked at 12.55% in January of this year. The list of lending platforms with positive average returns from January to July included Autofam (1.2%), Beefy Finance (3.75%) and Killswitch (0.17%). DeFi PancakeSwap outperformed all…

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NFT Reading time: ~2 m More than 300 non-fungible tokens, as well as several million dollars, were moved from an address associated with Starry Night Capital. The assets of the new wallet to which the funds were transferred are now valued at 625 Ethereum, or $839 million at the current exchange rate. This means that NFT tokens changed their address for the first time in four months, when the problems with the cryptocurrency fund Three Arrows Capital first began. Earlier, after the collapse of the Terra ecosystem, the fund was unable to meet its loan obligations to FTX, Derebit and…

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Regulation Reading time: ~2 m Samsung’s Latin American regional division is going to promote its brand among young people through The House of Sam in the metaverse. According to the Samsung Latam team, using the metaverse as a tool for better brand recognition will allow the company to connect with a new generation of consumers. The space is already open to users and will be launched on September 1 as part of a virtual show from the Brazilian trio Melim. Samsung Latam’s marketing director Arthur Wong said the goal of the project is to get even closer to Generation Z,…

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Bitcoin Reading time: ~2 m Bitcoin futures contract volumes have once again topped the $1 trillion mark after hitting a global low in August. According to The Block Research, the total trading volume for BTC derivatives in September amounted to $1.05 trillion. According to experts, there was a lull in the futures market in August, as investors’ attention was focused on the global update of The Merge ethereum ecosystem. Funding rates on most exchanges remain positive. The exceptions were the Bitmex (-1.78%) and Huobi (-0.65%) platforms. The funding rate is a mutual transaction between traders based on the price difference…

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Mining Reading time: ~2 m Hut 8 Mining mined 277 BTC in September against 375 BTC in August. At the end of the month, the Canadian mining company accumulated 8388 BTC ($168.5 million at the current exchange rate). September 2022 Production Update:📅277 BTC mined in September ~9.2 BTC/day🚀8,388 BTC in reserve #HODL🤖Hut 8 produced 90.2 BTC/EH in September🦾Installed ASIC hash rate capacity of 3.07 EH/s👉100% of #BTC deposited into custody Read More👇https://t.co/iVGY0RYrVd — Hut 8 Mining (@Hut8Mining) October 4, 2022 The average throughput was ~9.2 BTC per day. The company left all coins on the balance sheet. As of September…

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Bitcoin Reading time: ~2 m What happened? According to blockchain analytics company Kaiko, the correlation between Bitcoin and gold reached an all-time high of 0.3 between October 2021 and October 2022. Bitcoin correlation with other indices. Experts monitor the correlation of Bitcoin not only with gold, but also with the S&P 500 stock index. Significant discrepancies with the Bitcoin index were noted in December 2020 (-0.38) and in the summer of 2021 (up to -0.45). In August 2022, the index was at 0.31, and in early September it was 0.44. The S&P 500 stock index includes in the basket the…

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Other Reading time: ~2 m The news is being updated Elon Musk sent a letter to Twitter management, in which he proposed to resume the process of taking over the company. Bloomberg writes about this, citing informed sources. According to them, the billionaire announced the initial conditions – $ 54.2 per share. In April, the leadership of the social network approved a deal for a total amount of about $44 billion. Twitter shares reacted to the news with a sharp rise. At the moment, the quotes reached $50, but subsequently corrected to levels near $48. NYSE TWTR hourly chart. Data:…

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Bitcoin Reading time: ~2 m Disclaimer Forecasts of financial markets are the private opinion of their authors. The current analysis is not a guide to trading. ForkLog is not responsible for the results of the work that may occur when using the trading recommendations from the submitted reviews. Vadim Shovkun, a practicing trader and founder of the Crypto Shaman project, talks about the current situation on the market. Flat continues to torment market players, depriving the most impatient of the deposit. Consider the current situation in the crypto market in order to understand when you can return to it. S&P…

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Bitcoin Reading time: ~2 m Bitcoin was less volatile and stronger than stock markets in September. The first cryptocurrency continues to consolidate around the $20,000 mark, compressing a spring that will lead to a sharp takeaway in one direction or another. Consider the arguments and forecasts in the direction of such a movement. The leading cryptocurrency, Bitcoin, is trading sideways, maintaining a tight trading range of $19,000 to $20,000 amid lack of volatility. Bitcoin’s volatility has declined over time as the asset has gained popularity. If we compare the current state of the top cryptocurrency with its early years of…

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Other Reading time: ~2 m The Near Foundation has decided to raffle off a trip to Vietnam and other prizes among members of the cryptocurrency community. To do this, the company launched a program with branded hashtags, which are recognized to increase the recognition of a startup. The trip will be for two people who will be able to experience the sights of the country, get access to unlimited food and visit the organization’s local regional center. Among other things, the winner will become the owner of $2000 in NEAR tokens. To do this, you need to follow the NEAR…

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