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The fifth-largest cryptocurrency is benefitting from multiple catalysts, including bustling meme coin and DeFi activity, upcoming network upgrade and increasing interest in restaking arriving to the ecosystem.

The new index will help traders guage expected SOL price turbulence over two weeks.

The burn turned out to be a "sell the news event" as traders had already accounted for the purge – and then some.

Over half of the profits accumulated by short-term bitcoin holders have been wiped out, Bitfinex analysts said in a Tuesday note.

CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.

The DeFi platform plans to build an array of financial services tools, including spot and derivatives trading and a predictions market.

The DeFi platform plans to build an array of financial services tools, including spot and derivatives trading and a predictions market.

AgriDex brings agricultural commodities onto the blockchain by allowing crops to be bought on its marketplace with finalized deals backed by non-fungible tokens (NFTs).

AgriDex is an example of how stablecoins are being increasingly used as a payment vehicle in emerging regions as a cheaper alternative for traditional banking rails.