After a sizable dip of 8% on $BTC, it's clear one man's buying is another man's selling. Michael Saylor announced his 400M senior convertible notes news regarding MicroStrategy. It seems to have been interpreted as a sell signal for the short term by some market participants. Even though this was $BTC related, it dragged the whole crypto market down, losing around 40 billion at its lowest point. We've bounced back since then: +4.28% on $BTC and up 0.55% to 63.55 for $BTC dominance, and recovered 270MM TVL on the DeFi sector.
Alts and DeFi watch:
$ETH up 7% from lows
$SUSHI up 13% from the lows
$AAVE up 9% from the lows
$ETH, $SUSHI looking better than $AAVE structure wise.
More news that caught our eye
Andre Cronje, creator of the Yearn Finance ($YFI) protocol, hinted at collaborating with SUSHI Swap, and later revealed a beta product for anyone to test.
Toronto Venture exchange listed, DMG Blockchain Solutions has announced one of its subsidiaries has launched a mining pool focused on governance, auditability, transparency and intent on exceeding OFAC compliance standards