Shiba Inu (SHIB) Subreddit of r/ShibArmy Exceeds 200k Subscribers

The Shiba Inu subreddit community of r/Shibarmy has exceeded 200k subscribers r/Shibarmy now has over 201,521 members ShibaSwap is now listed on DappRadar’s DeFi rankings coming in at number 11 with $1.49 billion in total value locked SHIB/USDT has bounced off the $0.0000057 support zone to post a local high of $0.00000653 The Shiba Inu (SHIB) subreddit community of r/Shibarmy has hit a new milestone in terms of subscribers by exceeding 200k members. The remarkable growth of the r/Shibarmy community was identified by the team at @ShibToken through the following…

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Uniswap (UNI) to Be Allocated 49.95% of Grayscale’s New DeFi Fund

Grayscale Investments is has launched a new DeFi fund The DeFi fund will provide investors with weighted exposure to the top 10 DeFi tokens according to market cap They include Uniswap (UNI), Aave (AAVE), Compound (COMP), Curve (CRV), MakerDAO (MKR), SushiSwap (SUSHI), Synthetix (SNX), Yearn Finance (YFI), UMA Protocol (UMA) and Bancor (BNT) Uniswap will be allocated the lions share of the fund at 49.95% Grayscale Investments has launched a new DeFi fund in collaboration with CoinDesk Indexes. The latter is a subsidiary of CoinDesk Inc. and together with Grayscale,…

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Chainlink’s $15 Support is the Level to Watch During the Weekly Close

Chainlink has bounced off the $15 support for the third time since May Chainlink continues to trade below the 50-day, 100-day and 200-day moving averages The daily LINK/USDT has printed a descending triangle with a floor at $15 $15 is the level to watch as the week comes to a close on Sunday Chainlink maintaining the $15 support might be tied to Bitcoin continuing to trade above $30k A loss of the $15 support could open the doors to $13 or even $12 Earlier today, the digital asset of Chainlink…

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Chainlink’s Top 10 Whales Now Hold 63.3% of LINK’s Circulating Supply

The top 10 Chainlink whales now hold 63.3% of LINK’s circulating supply The percentage held by the top 10 Chainlink whales has dropped from 67.5% in January 2021 The continual distribution of LINK away from whale addresses is encouraging Chainlink is once again staring at $15 as its strongest support amidst a descending triangle The top 10 Chainlink whale addresses now hold 63.3% of LINK’s circulating supply. This is according to an analysis shared by the team at Santiment who also pointed out that this is the lowest percentage of…

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Chainlink (LINK) Sees a Rise in Development Activity on Github

Chainlink’s development activity seen through Github submissions has been on the rise since mid-May The amount of development activity on Chainlink is climbing towards levels last seen with its most recent all-time high Chainlink’s price might have hit a double bottom with the June 22nd low of $15 However, caution is advised as Chainlink still has two more hurdles in the form of a descending triangle and a death cross Development activity on the Chainlink network is on the rise once again. This is according to an analysis shared by…

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Chainlink’s Network Growth at its Lowest Since October 2020 – Report

Network growth on Chainlink is at its lowest since October 2020 Fewer and fewer Chainlink addresses are interacting with the network Chainlink daily active addresses are at 5k compared to 13k in April There has been an increased inflow of LINK into crypto exchanges From a technical analysis point of view, Chainlink is in bearish territory trading below the 200-day and 50-week moving averages Activity on the Chainlink (LINK) network is slowing down. This is according to a report by the team at Santiment who pointed out that Chainlink’s network…

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Chainlink Grants Program Expands to Include Social Impact Initiatives

The Chainlink Community Grant Program is expanding beyond smart contracts and blockchain projects focused on the Chainlink ecosystem Social Impact Initiatives will now be included in the Chainlink Community Grant Program The grants program will now fund developers and researchers building real-life solutions using smart contracts The team at Chainlink has announced the expansion of its Community Grants Program to include social impact initiatives ‘that reduce systemic risk in developed economies and create technological leaps in developing regions’. The Chainlink Community Grants program was initially focused on funding the various…

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3M+ Chainlink (LINK) Tokens Have Left Exchanges in the last 30 days

Over 3 million Chainlink tokens have left crypto exchanges in the last 30 days This is despite LINK undergoing a massive 71.69% correction from its most recent all-time high of $53 to $15 Chainlink prices at $20 and below could be a good buy zone for a long-term hold However, Chainlink’s daily chart points towards more downside with the 50-week moving average providing adequate support Chainlink investors have withdrawn over 3 million LINK tokens in the last 30 days as highlighted in the following screenshot courtesy of Viewbase. Outflow Shows…

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Internet Computer (ICP) Community Now Controls 60% of its Voting Power

Internet Computer (ICP) is in the hands of the community which controls 60% of the network’s voting power The DFINITY Foundation and the Internet Computer Association will never hold more than 50% of the network’s voting power The community will gather more voting power as more tokens are distributed ICP has dropped out of the top 10 and down 92% since its all-time high of $737 The Internet Computer (ICP) network is solely in the hands of the community which now controls 60% of the voting power. This is according…

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OKCoin Integrates Polygon (MATIC), Reducing ETH Fees for DeFi Users

OKCoin becomes the first US-regulated exchange to integrate Polygon (MATIC) The integration will drastically reduce Ethereum fees for DeFi users Users can now directly withdraw their finds from OKCoin into Polygon (MATIC) The transaction between OKCoin and Polygon is free save for the regular contract fee The digital asset exchange of OKCoin has announced the integration of Polygon (MATIC) onto its trading platform. According to the official announcement, the integration will drastically reduce Ethereum fees for DeFi users by allowing them to directly withdraw their funds from OKCoin into Polygon.…

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