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Centralized crypto exchanges are slowly losing ground to their DeFi counterparts, according to an in-depth data analysis conducted by Decrypt. DeFiLlama decentralized exchange (DEX) volume data and CoinGecko total cryptocurrency trading volume data shows that the percentage of crypto trading volume that happens on DEXs compared to total trading volume went from 4.6% in February to over 7% this month. This is an increase of the DEX-fueled trading volume portion of over 52%. Source: Adrian Zmudzin...

Solana, the fifth-largest crypto asset by market cap, has fallen 8% over the past 24 hours, according to CoinGecko, as its meme coin market takes larger hits. Some of the meme coins, which can be notoriously volatile, have fallen by as much as 43% in the past day. As the crypto market bleeds with Bitcoin (BTC) down 2.7% and Ethereum (ETH) 4.2%, Solana (SOL) has taken the largest hit out of the top 10 cryptocurrencies falling to 8.2% to $168 on the day, according to CoinGecko data. With this, Sol...

U.S. Senator Bill Hagerty (R-TN) threw his support behind Presidential candidate Donald Trump's bid to make the U.S. a crypto hub this week. Speaking to Bloomberg Surveillance, Hagerty argued that, "We need to make certain that it happens here in America." He likened crypto to the semiconductor industry that, "got pushed offshore and weakened us from a geopolitical standpoint," adding that, "We need to see this innovation happening here." Describing Trump's stance on crypto as "likewise involved...

Bitcoin and Ethereum, along with the rest of the top 10 crypto assets by market capitalization, are looking sluggish on Thursday morning. At the time of writing, the Bitcoin price is still below $65,000 and 2.2% lower than it was this time yesterday, according to CoinGecko data. Things are worse for the Ethereum price, which is 3.7% lower than it was 24 hours ago at $3,185.22. The ETH price drop is identical to that of  Lido Staked Ethereum (stETH), an Ethereum liquid staking token. In the past...

Viral Telegram clicker game Notcoin has partnered with The Open Network (TON) NFT project Lost Dogs to launch a story-driven game by the same name. In the new Lost Dogs Telegram game, players will vote daily on decisions that will shape the six-week-long narrative of Lost Dogs. As the game progresses, the characters based on the Lost Dogs NFT collection will gain special powers and become “celebrities.” “We want to unveil to you a world full of discoveries, joy, suffering, cliffhangers, and myst...

OKX Ventures, the VC arm of crypto exchange OKX, and Aptos Foundation, the organization behind the Aptos layer 1 blockchain, have launched a $10 million ecosystem growth fund. The initiative aims to accelerate the growth of the Aptos blockchain ecosystem and promote widespread adoption of Web3 technologies. The fund will primarily support an accelerator program, operated in partnership with Ankaa, focusing on nurturing quality projects and applications built on the Aptos blockchain, the companie...

A joint effort by the Bank for International Settlements and the Bank of England has shown it can deliver near real-time data on stablecoins’ liabilities and the assets backing them. Dubbed Pyxtrial, the initiative could also extend to monitoring other tokenized products backed by real-world assets in an attempt to address major challenges for financial watchdogs, a report published on Wednesday reads. Pyxtrial includes features that allow authorities to pull data directly from issuers' systems...