The altcoin market is under scrutiny as skepticism mounts over the transparency and sustainability of newly listed tokens. DeFiance Capital founder Arthur Cheong likened the current landscape to a ‘lemon’s market,’ where undisclosed partnerships between projects and market makers may artificially inflate prices. His warnings follow the dramatic collapse of MANTRA’s OM token, which lost over 90% of its value in an hour, reigniting concerns about insider trading and flawed tokenomics. Data from Tangem reveals that over 12,000 cryptocurrencies have failed since 2013, with scams, abandoned projects, and failed ICOs among the leading causes. Cheong calls for industry reform to restore investor trust, as many altcoins remain uninvestable due to poor market practices.
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Trump’s DeFi Venture Leverages Aave and Ethereum for New Project
Former President Donald Trump’s new DeFi venture will utilize Aave and the Ethereum blockchain, focusing on a credit account system. The project, described as a non-custodial feeder into Aave, aims to onboard new users to the DeFi space while being open source and secure, with top-tier auditors involved. Despite market fluctuations, Aave’s prominence in the DeFi lending sector remains strong, commanding a significant share of the market.
read moreVitalik Buterin Faces Backlash Over DeFi Critique and Oracle Risks
Vitalik Buterin faced criticism for his skepticism towards DeFi’s impact on Ethereum’s growth, suggesting it relies too heavily on the existing ETH market. DeFi leaders, including Arthur Cheong and Hugo Philion, countered that DeFi has significantly contributed to Ethereum’s valuation and highlighted the overlooked risks posed by centralized oracle services, which secure around $40 billion in value.
read moreVitalik Buterin Faces Criticism for Downplaying DeFi’s Impact on Ethereum
Vitalik Buterin has faced criticism from the DeFi community after downplaying its role in Ethereum’s growth, suggesting that DeFi’s potential is limited and dependent on the ETH market. Influential figures like Arthur Cheong and Sam Kazemian countered his views, emphasizing DeFi’s significant contribution to Ethereum’s value and usage. Despite the backlash, Buterin advocates for sustainable decentralized applications and stresses the importance of integrating DeFi with other decentralized technologies to uphold core crypto values.
read moreARC launches crypto incubator with 4.5 million funding raise
ARC, a Singapore-based NFT-gated community, has raised $4.5 million to launch a crypto incubator modeled after Y Combinator. The initiative aims to support Web2 brands and Web3 projects in Asia by providing funding, mentorship, and a robust ecosystem for project development and market launch.The fundraising effort involved 163 members, led by Arcane Group, and emphasizes community backing as a key to success in the Web3 space. Co-founder Elroy Cheo highlighted the importance of assembling strong teams and leveraging global connections to drive innovation.
read moreSmart Money Accumulates Aave Amid DeFi Growth Prospects and Bitcoin Developments
Crypto investor Arthur Cheong reports that “smart money” is accumulating Aave’s native token (AAVE) as its supply on exchanges drops by approximately $18.4 million in 30 days. He anticipates a surge in DeFi growth, driven by new wrapped Bitcoin initiatives from major players like Coinbase and BitGo, predicting at least $20 billion in total value locked in the next 6-12 months.
read moreDecentralized Finance Faces Challenges Amid Strong Fundamentals and Market Speculation
Pump.Fun has emerged as the 8th highest-fee-generating crypto project, earning $28.57 million in the past month, surpassing notable DeFi platforms like Aave and Maker. Despite a year-to-date drawdown of 11.1% in DeFi’s total market cap, strong fundamentals and increased DEX activity suggest a potential rebound, although regulatory challenges and competition from memecoins pose ongoing risks.
read moreCrypto Funds Maintain Bullish Stance on Solana Amid Market Volatility
Crypto funds are maintaining a bullish outlook on Solana (SOL) despite recent market turbulence, with several investors highlighting its undervaluation compared to Ethereum. Firms like Asymmetric Financial and Syncracy Capital emphasize strong fundamentals in DeFi and infrastructure sectors, while Maven 11 and DeFiance Capital are positioning for growth in stablecoins and DeFi assets. Pantera Capital continues to diversify its investments across various sectors, reflecting a broad interest in the evolving crypto landscape.
read moreCrypto Veteran Arthur Cheong Highlights Undervalued DeFi Sector and Crypto’s Future
Veteran crypto investor Arthur Cheong believes that decentralized finance (DeFi) presents a significant opportunity for long-term holders, considering it to be undervalued compared to traditional finance. He also anticipates continued growth in the crypto market, particularly with the launch of spot market Ethereum exchange-traded funds (ETFs), and suggests that crypto may not be optimized for mass adoption, but rather for specific high-impact use cases.
read moreCrypto Investor Predicts Maturing Market Behavior Mirroring S&P 500 Growth
Veteran crypto investor Arthur Cheong suggests that the crypto market may be entering a phase of maturity, resembling the gradual growth pattern of the S&P 500 post-2008 financial crisis. He anticipates that future bull markets will no longer benefit all cryptocurrencies, emphasizing the need for altcoins to establish their own paths for success. Cheong also believes that Bitcoin and Ethereum are undervalued due to their regulatory certainty, while acknowledging the potential for significant value creation in the crypto market. Additionally, the U.S. Securities and Exchange Commission (SEC) has concluded its Ethereum 2.0 investigation, providing further regulatory clarity for the second-largest cryptocurrency.
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