Day: March 8, 2023

DeFi lending protocol Compound Finance is in the news after it announced finally deploying its third version to Polygon. Contextually, Compound III is a streamlined version of the main Compound protocol.

Sentiment: Positive

On-chain data shows the Bitcoin estimated leverage ratio has risen recently, a sign that a volatile move may be coming soon for the asset. Bitcoin Estimated Leverage Ratio Has Observed A Surge As an analyst in a CryptoQuant post pointed out, the open interest has also shown a small increase in the last few hours.

Sentiment: Negative

Bitcoin’s [BTC] price drop since the new month began might have been demoralising for investors. However, the king coin continues to exert supreme dominance in the market.

Sentiment: Neutral

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) derivatives trading volumes in dollar terms continued to soar in February and the increase comes as spot volumes continue to rise amid a hot regulatory backdrop. What Happened: The growth in trading activity is indicative of the growing interest in cryptocurrencies as an asset class, despite the volatility and regulatory uncertainties, according to data from The Block’s data dashboard.

Sentiment: Positive