Solana, Ethereum, Bitcoin: the Fed inaugurates a long period of lean cows

© Reuters – Bitcoin, Ethereum and Solana are moving differently on Wednesday, January 19, 2022. Ether climbed 0.77% to $42,137, while Ether lost -1.39% to $3,129 and fell -0.64% to $136.5.

Bitcoin: the positive market environment is ancient history for now

Bloomberg analyst Mike McGlone has made it clear that the US central bank will put a stop to seemingly unlimited stock gains. Those who still invest their money in risky investments close their eyes to the fact that the rules of the game have changed.

Cryptocurrencies like bitcoin, ethereum and solana are undoubtedly among them. He pursues :

“If you’re invested in risky assets, you’re fighting the Fed, and cryptocurrencies are the riskiest assets. But the bottom line is that, among cryptocurrencies, bitcoin presents the most risk. weak”.

Thus, BTC should be the cryptocurrency that will lose less value than the rest during the next market phase of rising interest rates and bond yields.

: EIP 1559 update wakes Ethereum whales

On the Polygon network, the EIP 1559 upgrade was made, which led to better MATIC token burning and more transparent fees.

Some Ethereum whales took advantage of this news to procure MATICs. One of them bought over 7 million MATICs worth $17.4 million.

Whalestats data shows that he restructured his portfolio in such a way that in the meantime it was made up of almost 9% MATIC tokens. In the meantime, the major part of the acquired tokens has already been sold.

Solana: the new DeFi project starts at the end of January

On January 28, the Hubble Protocol will launch on the Solana Mainnet. It is already possible to test the functions of the stablecoins USDH resistant to the censorship on the Devnet.

The project, which is in the DeFi sector, will issue USDH loans if collateral has been posted, for example in the form of SOL. USDH can then be used to generate returns via the Liquid Staking Marinade protocol.

By Marco Oehrl

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