1. The number of billion-dollar spot volume days in the bitcoin market is increasing, pushing prices higher. Ethereum’s transaction fees are also increasing as general cryptocurrency interest fuels demand. Bitcoin (BTC) trading around $18,883 as of 21:00 UTC (4 p.m. ET). Slipping 0.75% over the previous 24 hours, which trading range was between $18,640 and $19,474.
2. According to the ChainNews, Hufu will launch the decentralized cross-chain project Kira Network token KEX at 15:00 on November 26, 2020, and open KEX/ETH and KEX/USDT trading pairs. At present, deposit services and withdrawals have been opened. The service will start at 15:00 on November 28. Kira Network is the first decentralized solution built using Tendermint and Cosmos SDK to protect and power DeFi applications through liquid staking. With the help of Multi-Pledged Proof of Equity (MBPoS), KIRA is committed to allowing users to generate income by collateralizing any cryptocurrency, stable currency, digital legal currency, and even NFT, while maintaining full liquidity through natively supported derivative collateral.
3. The DeFi fixed-rate generation agreement 88mph (MPH) announced that it has reduced the MPH reward ratio that depositors need to repay when withdrawing funds from 90% to 50% for the Compound DAI fund pool. This change is applied to other fund pools. Correspondingly, the fixed MPH reward of the Compound DAI pool increased from 1.3% to 6.5%.
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