Bitcoin Rises for Fifth Day; The total value of the DeFi platform is almost $1 billion | Video

The price of Bitcoin is rising and a decentralized finance platform is experiencing strong growth. You're watching Coin Desk Daily, I'm your host, Jen Sani Bitcoin is heading towards $48,000.01 Analysts say its breakout is being fueled by a strong track record of gains around Chinese New Year celebrations. Marcus Teen, Head of Research at Matrix Port and Founder of 10 At the start of the Chinese New Year and quote, this came as Coin Desk 20, the benchmark for the largest cryptocurrencies, gained 3%. I have to say, every time Marcus Teen has been on the show, his predictions on the DI platform have been pretty spot on. Pendle has reached a total value of almost $1 billion. According to DFI LAMA. The rising interest comes as the market looks for more options for liquid redemption tokens. Pendle also recently added support for B and B-chain as well as real-world assets, jumping across the pond. Some crypto advocates argue that the Bank of England and the Financial Conduct Authority should reconsider some of their ideas for regulating stablecoins. The organizations say the interested parties are treating stablecoin issuers unfairly and harming their ability to generate revenue. The FC A is currently reviewing responses to its proposals and will draft a rules manual for consultation. That's it for Coin Desk Daily, get more updates on Coindesk.com and see you next time.

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