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Weak stocks and declining DeFi use continue to weigh on Ethereum price
Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13, according to data from Coinglass. Ether/USD 12-hour price at Kraken. Source: TradingView The worsening market conditions were also reflected in digital asset investment products. According to the latest edition of CoinShare’s weekly Digital Asset Fund Flows report, crypto funds and investment products saw a $141 million outflow during the week ending on May 20. In this instance, Bitcoin (BTC) was the investors’ focus after experiencing a $154 weekly net redemption. Russian regulation and crumbling U.S. tech stocks escalate the situation Regula...
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Pixel Terror Showcase New Direction in Remix of Iconic “Rhythm Is a Dancer” [Premiere]
Known for their glitchy dubstep sound, beloved bass music pair Pixel Terror are hanging up the wobbles for a moment, reworking Snap!‘s iconic 1992 single “Rhythm Is a Dancer” into a riveting house track. Pixel Terror have stayed true to the classic tune for their official remix, building around the timeless vocal performance of Thea Austin with precision. To ramp things up, they produced brisk drum patterns atop a pulsing bassline for a modern jam inspired by the disco scene of yesteryear. Pixel Terror has been on a rampage in 2021. After kicking off the year with their relentless Artillery EP on Kayzo’s Welcome Records, they arrived on electronic tastemaker Monstercat for back-to-back singles, “Medusa” and “Sleepless.” The dig...
