πŸš€ China's crackdown continues... 🧨

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    πŸš€ China's crackdown continues... 🧨

    Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

    Are you HODLing strong, Geckos?

     

    dYdX (DYDX), a decentralized derivatives exchange, has experienced an increase in trading volume amid the Chinese crypto crackdown, with the DEX recently flipping Coinbase's spot markets for the first time.

     

    According to CoinGecko, dYdX has processed more than $4.3 billion transactions in the last 24 hours, surpassing Coinbase's volume of $3.7 billion by over 15%.

     

    Antonio Juliano, the creator of dYdX and a former Coinbase employee, celebrated the milestone in a Sept. 27 tweet, adding that he left Coinbase 5 years ago to build the DEX.

     

    In today's news, Huobi stops serving all Chinese-based customers, Cardano announces several strategies at Cardano Summit, and the popular meme Side-Eyeing Chloe is sold as NFT.

     

    Read on!

    Axie Infinity has taken the world by storm and is showing no signs of slowing down!


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    Learn more about it here! πŸ‘ˆ

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    • dYdX                                 (+29.7%)

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    • Smooth Love Potion      (+6.6%)

    • Step Finance                   (+47.2%)

    Huobi Takes A Dive

     

    Huobi Global, a leading crypto exchange, announced that it would cease all Chinese-based services by the end of the year, sending Huobi Token (HT) to eight-month lows.

     

    The news came shortly after the People's Bank of China declared on Friday that all virtual currency-related companies were unlawful and banned foreign crypto exchanges from serving Chinese users.

     

    Since China resumed its crackdown on cryptocurrency trading and mining in mid-May, 80% of the token's value has been erased, and it has dipped more than 50% in the last seven days.

     

    CoinDesk

    Something's Cooking with Cardano

     

    Cardano's (ADA) parent firm has announced a collaboration with Chainlink (LINK) at last Saturday's Cardano Summit to assist Cardano developers in developing smart contracts for secure DeFi applications.

     

    Meanwhile, Cardano has partnered with telco Dish Network to incorporate the Cardano blockchain into its telecom company to deliver digital identity services to Dish consumers.

     

    In addition, Cardano's commercial and venture arm, Emurgo, is investing $100 million to boost DeFi, non-fungible token solutions, and blockchain education efforts for the network.

     

    CoinDesk

    Side-Eyeing Chloe Enters The Cryptoverse

     

    3F Music, a Dubai music studio, has purchased the Side-Eyeing Chloe meme NFT for 25 ETH, or approximately $75,315.

     

    Side-Eyeing Chloe refers to a famous 2013 clip of two-year-old Chloe Chlem reacting to the news of a surprise vacation to Disneyland, which is known for her concerned-looking reaction.

     

    Katie, Chloe's mother, told BBC that the family intends to keep the ETH rather than converting it all to cash, citing the possibility that the token's value would rise in this ever-changing world.

     

    Decrypt


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    Cryptoassets are unregulated in some EU countries and in the UK. No consumer protection. Your capital is at risk.

    Relative Strength Index (RSI)
     
    Relative Strength Index (RSI) is a popular technical indicator used to analyse financial markets. By charting the current and historical closing prices to evaluate overbought/oversold conditions, RSI oscillates between 0 - 100, with <30 indicating oversold and >70 indicating overbought.

     

    Learn about other Crypto terms here

    NFT of the Day πŸ–ΌοΈ

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    Gallery: MakersPlace

     

    #1/4 of The Forever Collection.

     

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