CryptoSentinel :: crypto news and analysis

#Bitcoin transaction value settlement is rising substantially relative to the Market Cap. This has driven NVT Signal metric lower, indicating that even at $61.8k, $BTC is historically undervalued relative to utilisation as a value settlement layer Live Chart

Top Ethereum Protocols by Total Value Locked The total value of assets locked in Ethereum $ETH is around $170B, according to DefiLlama.com. Let’s compare the top DeFi-protocols on Ethereum by current TVL in USD, in order to evaluate their adoption scale.

https://twitter.com/icokaraulny/status/1455899489663795201

https://www.theblockcrypto.com/post/123030/defi-exploits-total-680-million-so-far-in-2021

​​Digital Currency Group Achieves $10B Valuation in $700M Secondary Sale Digital Currency Group is selling shares to SoftBank and Google's venture capital arm in a deal that values the crypto conglomerate at more than $10 billion. The $700 million deal was led by SoftBank and included Google's CapitalG and Ribbit Capital, among others 👉https://www.coindesk.com/business/2021/11/01/digital-currency-group-achieves-10b-valuation-in-700m-secondary-sale/

DAOs biweekly vol.11 16th October - 30th October DAOs' legal standing and financial reporting, AN DAO launch, Uniswap's competitive fee proposal, DAO revolution index, BadgerDAO<>mStable, Indexed Finance hack, Cream Finance flash loan exploit, and more! TL;DR - DAO participants are searching for legal entity solutions for DAOs - The Aragon Network DAO launched. It consists of a Main DAO and several sub-DAOs - MolochDAO grant applications open November 1 - Uniswap votes on ultra low fee tier: 0.01% fee tier would be the lowest swap rate available in defi - Curve Finance considers removing the smart contract whitelist for interacting with governance and veCRV vote locking mechanisms - Badger DAO’s first Digg Improvement Proposal (DIP) to pause negative rebasing is live on snapshot - mStable’s PDP 32, 33, 34 & TDP25 passed. mStable<>BadgerDAO - Compound is back to normal operations and COMP distributions with the execution of proposal 65. Messari’s Q3 quarterly report is an essential read - Yam Finance Q3 2021 treasury report is out - Discussions on DAOs and DAO service providers producing financial reports is growing as a few such reports were released these weeks - Idle’s token holders approved and executed IIP-14, removing LM support to Risk-Adjusted strategies - An Index Coop community member proposed the creation of the DAO Revolution Index. While there are live meta-governance votes - The Lido community votes to engage Isidoros Passadis for “Master of Validators” Lido DAO Role - The next token that will be onboarded in MakerDAO as collateral is stETH from Lido Finanace - Nexus Mutual announced the Mutant Chronicles, an NFT project created to celebrate the active community members - Synthetix Treasury Council distributed 32k sUSD to gDAO. SIP-187 approved. The Avior Release including new Wrappr Factory SIP-182 completed - PieDAO’s PIP-64 & PIP-65 are live for voting - PoolTogether V4 launched. PTIP-40 approved - Former Yearn developer is running for Congress - A16Z researchers suggest potential structure to allow DAOs to receive the benefits of legal recognition - Sushiswap votes on community analytics proposal from Flipside Crypto, similar to the previously rejected Uniswap proposal - Worldcoin proposes solution to sybil problem with biometric based cryptocurrency, causing controversy over privacy - Indexed Finance holds series of polls on hack response - Cream Finance faces flash loan exploit, with loss of 130 million dollar - Nouns DAO votes on funding grants multisig - Active proposals: Aave, BadgerDAO, Balancer, GitcoinDAO, Index Coop, KyberDAO, PieDAO, LidoDAO, Uniswap - New & ongoing discussions: Compound, mStable, MakerDAO, Yam Finance, Curve, Yearn Finance, Nexus Mutual, BancorDAO, Akropolis, GnosisDAO, PoolTogether, API3, Idle, Kleros, Synthetix - DIOs — decentralized impact organizations for the climate - ETH Lisbon surfaced the evolution of DAOs - PleasrDAO’s Wu-Tang album - Podcasts on DAOs - DAOlloween - And more! #DAOhttps://twitter.com/Paradigm_fund/status/1454427475887468548?s=20

​​Total Stablecoin Supply Crosses $135 BillioninOctober📈 The total outstanding supply of stablecoins has surged past $135 billion and set new ATH of $135.7 billon according to data compiled by CryptoRank.io 👉https://cryptorank.io/category/stablecoin

🌀Major Russian bank explores crypto investment amid strong demand🌀 https://blockchair.com/news/major-russian-bank-explores-crypto-investment-amid-strong-demand--2373e52944 BTC: $61048 ▪️ ETH: $4326 ▪️ XRP: $1.06 ▪️ BCH: $580

​​Ethereum [ETH] Price Reached New ATHof $4,396 Over the past 24 hours, ETH saw an impressive increase in its dollar value. Market data 👉https://cryptorank.io/price/ethereum

https://decrypt.co/84590/cream-finance-suffers-third-hack-losing-over-130-million

​​The Latest Breaking News 📣 #1 Adobe is launching a feature in Photoshop to create an image as an NFT — link #2 CoinList is now valued at $1.5 billion with a fresh $100 million in funding — link #3 Tether trials Notabene’s state-of-the-art travel rule solution — link #4 Valkyrie just filed for a XBTO Levered BTC Futures ETF — link #5 XDEFI wallet looks to raise $12m in initial DEX offering — link 👉https://cryptorank.io/news