Analysis Crypto by Thebittimes.Com

The 1inch Investment Fund, associated with the decentralized exchange (DEX) aggregator, 1inch , is doubling down despite prevailing bearish market conditions in decentralized finance (defi). A web3 data Analysis tool, Lookonchain, noted that the fund recently bought 6,000 Ethereum (ETH) worth $10 million. The discovery has made crypto analysts speculate the potential of InQubeta (QUBE) and Cardano (ADA) being the next assets for consideration, given their recent successes and progress. Because of the ongoing InQubeta presale and tax system set for implementation, its native token, QUBE, is being explored by investors. The platform also intends to reshape the multi-billion-dollar artificial intelligence (AI) and defi spaces. Let’s delve into the 1inch fund’s acquisition of $10 million worth of ETH and discuss why ADA and QUBE could be potential candidates for similar moves. InQubeta is leading the line in AI-crypto revolution InQubeta has raised over $2.5 million and ...

American-based Web3 companies and cryptocurrency exchanges could be pushed to move offshore following enforcement actions against Coinbase and Binance.US. The United States could run the risk of an exodus of major Web3 and cryptocurrency service providers as the Securities and Exchange Commission (SEC) takes action against Coinbase and Binance. Sergej Kunz, co -founder of decentralized finance (DeFi) protocol 1inch Network, believes the SEC’s enforcement action against the two centralized exchanges could have a negative effect on the growth of Web3 in the U.S. Related: SEC lawsuits against Binance and Coinbase unify the crypto industry Speaking to Cointelegraph during Money 20/20 in Amsterdam, which has long been a popular global fintech event focused on payments and financial service providers, Kunz highlighted his belief that regulatory uncertainty in the U.S. could hurt the industry: “I would say the same as Brian Armstrong. It's killing innovation in the U.S. All the compan...