Yearn.finance (YFI) price surged by 58% in the last few days as three key factors suggest investors expect further upside.
In the past 72 hours, Yearnfinance (YFI) surged by 58% after dropping to as low as $12,260 at a few exchanges.

Three factors that may have catalyzed the sharp rebound are: YFI had become deeply oversold, lead developer Andre Cronje’s deep commitment to the project and the ever expanding use cases for YFI within a large ecosystem.
Visit here: https://cointelegraph.com/news/yearn-finance-yfi-gains-36-as-defi-tokens-follow-bitcoin-s-bullish-trend

Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend. Payments giant, Square, has become the second listed company after MicroStrategy to buy Bitcoin (BTC). Although Square’s purchase of 4,709 Bitcoin is much smaller than MicroStrategy’s haul of 38,250 Bitcoin, many investors feel that this is a welcome step in the right direction.

The acquisition of cryptocurrency by large listed companies such as Square could possibly inspire other companies to join the crypto bandwagon and it also suggests that Bitcoin’s image as an investment vehicle and store of value have improved.
Visit here: https://cointelegraph.com/news/price-analysis-10-9-btc-eth-xrp-bch-bnb-dot-link-cro-ltc-bsv

Ethereum liquidity will no longer have to go through FTX to reach Solana. Solana, the smart contract platform that recently entered the spotlight thanks to FTX’s Serum, announced the upcoming release of what it says is a decentralized bridge for Ethereum ERC-20 tokens.

Called Wormhole, the bridge would allow users to transfer value between the different blockchains, turning ERC-20 tokens into Solana’s corresponding SPL standard.

The bridge is currently being audited by Kudelski, a major Swiss security firm. Anatoly Yakovenko, the CEO of Solana, told Cointelegraph that release is expected for the end of October. A beta of the bridge will be available to developers in a Oct. 28 hackathon, with a full release expected soon after.
Visit here: https://cointelegraph.com/news/solana-set-to-launch-decentralized-ethereum-bridge-to-power-defi

The recent DeFi frenzy has seen $900 million worth of Bitcoin tokenized using Wrapped Bitcoin over the past two months. The recent DeFi bull-cycle has pushed the total value locked (TVL) of popular Bitcoin (BTC) tokenization protocol Wrapped BTC (WBTC) up by 900% to surpass $1 billion.

The milestone comes four weeks after the TVL of all Bitcoin tokenized on Ethereum (ETH) surpassed $1 billion for the first time . The current TVL of tokenized Bitcoin is nearly $1.5 billion, of which WBTC currently represents one-third.

Wrapped Bitcoin is now the fifth-largest DeFi protocol in terms of TVL, representing nearly 10% of the entire sector’s locked capital. WBTC’s TVL pushed above $100 million for the first time around July 8.
Visit here: https://cointelegraph.com/news/wrapped-bitcoin-tops-1b-after-900-increase-in-two-months

The Bollinger Band shows the Bitcoin price might see a spike in volatility, similar to 2016’s post-having cycle.
For the first time since 2016, the Bollinger Band width of Bitcoin (BTC) dropped below 0.95. The Bollinger Band is a widely utilized technical indicator that evaluates the volatility trend of an asset. It might signify that a huge volatility spike is imminent.

The price of Bitcoin has been relatively stable from 2019 to 2020. BTC mostly ranged in between $6,000 and $12,000, apart from March when it plummeted below $3,600.
Visit here: https://cointelegraph.com/news/a-2016-level-massive-bitcoin-price-volatility-spike-might-be-near

Scaling solutions sometimes come at the cost of decentralization. Most of DeFi's potential scaling options come at the cost of decentralization, according to Kosala Hemachandra, founder and CEO of crypto wallet solution MyEtherWallet.

"From a perspective of fully decentralized blockchains, there's no blockchain that has a good enough scaling solution to support this many transactions," Hemachandra told Cointelegraph in an interview. "When you think from that perspective, Ethereum is the best solution out there."

DeFi has boomed in 2020, with Ethereum arguably being the top choice for most of the action, according to Hemachandra. As a result, scaling issues have surfaced in the form ohigh fees.
Visit here: https://cointelegraph.com/news/no-single-blockchain-can-carry-all-of-defi-right-now-myetherwallet-founder-says

Adam Back believes that Bitcoin could boost its market cap by 400% in under two years. Bitcoin (BTC) hitting a $1 trillion market cap by 2025 is “conservative,” and those levels should hit in less than two years.

That was according to Blockstream CEO Adam Back, who delivered a fresh bullish BTC price outlook on Monday.

Back was responding to a report by Yassine Elmandjra, a crypto-asset analyst at investment advisor Ark, who in September forecast a Bitcoin market cap of $1 trillion to $5 trillion by 2030 at the latest.

Ark is well known for its enthusiastic price forecasts for Tesla stock, which saw an almost unbelievable rise in 2020.
Visit here: https://cointelegraph.com/news/bitcoin-pioneer-predicts-1t-btc-market-cap-by-2022-or-sooner

A new blockchain platform aims to get decentralized networks to decarbonize, but challenges remain, due to uncertainty around tokenization.

As tech giants like Google and Facebook announce plans to become carbon-neutral businesses by 2030, smaller companies are doing the same. The only difference is that innovative startups are taking clever approaches that seek to be more effective than those implemented by large, centralized companies.

For example, Ripple — a fintech company that allows banks, payment providers and digital asset exchanges to send money using blockchain — has committed to becoming carbon net-zero by 2030. In order to meet this goal, Ripple has unveiled a set of initiatives driven largely by blockchain technology.
Visit here: https://cointelegraph.com/news/xrp-ledger-blockchain-energizes-decarbonization-but-tokenization-a-challenge