Progressive Financial News

The terra luna classic price has risen by 1.5% in the past 24 hours, reaching $0.0001648 as the wider market rises by a similar percentage. It has now fallen by 6% in a week and by 8.5% in the last 30 days, as a mixture of the SEC's actions against Terraform Labs and struggling investor sentiment pulls it down.

Lido [LDO] has been dominating the DeFi space for a while. Over the last week, it even furthered the improvements on its protocol in several areas. However, its declining APR may cause trouble for the protocol in the future.

WASHINGTON — Federal Reserve officials at their most recent meeting indicated that there are signs inflation is coming down, but not enough to counter the need for more interest rate increases, meeting minutes released Wednesday showed. While the Jan. 31-Feb. 1 meeting concluded with a smaller rate hike than most of those implemented since early 2022, officials stressed that their concern over inflation is high. Inflation «remained well above» the Fed's 2% target, the minutes stated. That came with labor markets that «remained very tight, contributing to continuing upward pressures on wages and prices.» Consequently, the Fed approved a 0.25 percentage point rate increase that was the smallest hike since the first of this tightening cycle in March 2022. The move brought the fed funds rate to a target range of 4.5%-4.75%.But the minutes said that the reduced pace came with a high level of concern that inflation was still a threat.

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Cryptocurrency exchange Coinbase has exceeded revenue expectations for the fourth quarter of 2022, but its transaction volume continued to decline.

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GMX has been capitalizing on the recent bullish sentiment of the market and has seen quite some growth. One indicator of its progress has been its performance on the Avalanche [AVAX] network. According to a 20 February tweet, it was observed that the number of users using GMX on Avalanche had doubled.

Tuesday, February 21, 2023 - Tamadoge (TAMA), a Web3 gaming project that allows players to earn while they play, has announced the appointment of Ozan Daldal as its new Head of Gaming.

A leading Russian economist believes that central banks will ultimately determine the fate of crypto – even if they are not currently “prioritizing” their regulation of the sector.

Even though Polygon [MATIC] has been seeing growth in the DeFi space, other L2 solutions such as Arbitrum and Optimism [OP] have out-competed it in terms of TVL. However, this could change with the increasing activity of dApps on Polygon.

According to data provided by Messari, the fees on DEXs have drastically reduced over time. This decline in fees would help DEXs such asUniswap, Curve, and SushiSwap attract more users to their respective protocols.

Monday, February 20th, 2023 – After successfully raising $4.4 million in its ongoing presale, the Play-to-Earn project Fight Out has introduced a lucrative referral promo link program, offering a generous 5% commission.

Joining the growing ranks of public actors across the world who wish to jump on the central bank digital currency (CBDC) wagon, the Federal Reserve Bank of San Francisco is looking for an experienced CBDC developer under a job opening titled “Senior Application Architect - Digital Currency”. 

The last week was quite happening for the Cardano [ADA] ecosystem as new announcements were made and upgrades got released. ADA’s price also registered a double-digit increase.

Since October 11, the proportion of Ethereum blocks that are compliant with orders made by the United States Office of Foreign Asset Control (OFAC) has decreased to its current level of 47%, which is the lowest level since that date.

Polygon (MATIC), an Ethereum layer-2 solution provider, has finally revealed the much-anticipated scaling update that has been in the works for quite some time. The beta launch of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet is scheduled for March 27.

Friday, February 17th, 2023 – The Move-to-earn powered metaverse platform Fight Out now offering a token bonus of up to 67%.

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Wednesday February 15th, 2023 – With only 48 hours remaining in its presale, Meta Masters Guild has surged past the $4.5 million mark in funding, a remarkable achievement for the play-to-earn gaming platform.

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Terra luna classic has risen to $0.00016897 today, capping a 1% rise in the past 24 hours, as the cryptocurrency market recovers from recent losses. This price marks a 9% drop in the past week and a 6.5% decline in the last 30 days, as LUNC teeters between recovery and relapse.