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Sonic unveils high-yield algorithmic stablecoin, reigniting Terra-Luna ‘PTSD’

The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter. Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying…

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Why is Bitcoin price stuck?

Bitcoin (BTC) price has been oscillating inside the $82,400-85,300 range since March 14 as breakouts in both directions have been short-lived, as shown below. BTC/USD four-hour price chart. Source: TradingView Key factors behind Bitcoin’s flat price action include: Trade war fears offset pro-Bitcoin news Bitcoin’s price is stuck as bullish and bearish headlines are clashing,…

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Sonic unveils high-yield algorithmic stablecoin, reigniting Terra-Luna ‘PTSD’

The Sonic blockchain is working on the implementation of its yield-generating, algorithmic stablecoin despite fears over a potential collapse similar to the Terra-Luna meltdown that led to the industry’s longest crypto winter. Algorithmic stablecoins employ code-based mechanisms to ensure their price stability, as opposed to fiat stablecoins pegged directly to the value of the underlying…

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Rates are down since last weekend

Rates are down since last weekend

Mortgage interest rates have increased today, but there is good news: Rates are actually lower than last week. According to Zillow, the 30-year fixed mortgage rate has declined by eight basis points to 6.51% since last weekend. The 20-year fixed rate has plummeted by 20 basis points to 6.25%, and the 15-year fixed rate is…

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Misleading crypto narratives continue, driven by ‘sensationalist’ sentiment

A crypto analyst says inaccurate narratives still circulate in the cryptocurrency market, mainly based on skewed information rather than onchain data to back it up. “Beware of misinformation. Despite the data, misleading narratives persist,” CryptoQuant contributor “onchained,” said in a March 22 market report. “Such claims often lack onchain validation and are driven by sensationalist…

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  • cardanoCardano (ADA) $ 0.815397
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  • vechainVeChain (VET) $ 0.031040
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  • susdssUSDS (SUSDS) $ 1.05
  • cosmosCosmos Hub (ATOM) $ 5.13
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