HedgeTrade Weekly Insights

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HedgeTrade Weekly Insights

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Hey Traders,

Here's the latest in trading news, markets, and more. Sit back and enjoy your weekly update!
HedgeTrade to Integrate $TRX into DeFi Predictions Market - We are happy to announce the integration of TRON's native cryptocurrency TRX into HedgeTrade's unique social trading and predictions platform! Our marketplace for trading insights is set to provide TRON and HedgeTrade users with access to blockchain-verified trading information and sentiment analysis on TRX and the TRON Network. Additionally, HedgeTrade users will be able to publish and monetize predictions for TRX trading pairs by creating highly shareable prediction "Blueprints". Read more about the partnership in our blog announcement.

Top News

  • Binance adds Florida to its US arm in a move to expand access across America. Read more.
  • Estimates say China controls roughly 70% of bitcoin's global hash rate, causing concerns as extreme flooding could affect a large percentage of bitcoin miners. Read more.
  • Curve DeFi project faced a backlash from its community over its core team locking up about 71% of its governance token. Read more.
  • The cloud services branch of Huawei is setting up a blockchain-based platform for the Chinese Government to manage and track data on its citizens including for medical records, property registration, and parking habits. Read more.
  • Exxon Mobil Corp was removed from the Dow Jones Industrial Average, marking a significant fall for Exxon, who was the biggest company in the world in 2011. Read more.
  • Aave overtook Maker according to DeFi Pulse and now has the most value locked of any DeFi coin. Read more.

Market Recap

The top 20 cryptocurrencies on CoinMarketCap fell during the last 7-days, excepting stablecoins $USDT and $USD coin. The top 20 DeFi coins also fell, with only $LEND, $DAI, and $RSR showing gains.

The top-performing crypto derivative products for the week by 7-day volume were:

#1 - Binance: BTC/USDT $2,450,245,804.

#2 - BitMEX: XBT/USD $1,936,876,778.

#3 - Bybit: BTC/USD $1,059,479,183.

#4 - Binance: ETH/USDT $815,519,611.

#5 - BitMEX: ETH/USD $520,353,722.

 

The Week in Charts

Voices

Learning


Why Ethereum Gas Prices Have Skyrocketed

Economic Impact of Stablecoins 2020

Meme of The Week

Have a profitable week!

-The HedgeTrade Team

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