First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain

As improvement goes, bitcoin didn't have much about which to crow on Thursday. The largest cryptocurrency was still struggling to remain above $30,000, and well off where it was trading as little as two weeks ago.

Bitcoin was recently changing hands at around $30,200, up more than 4.4% over the past 24 hours. The increase outperformed ether, which rose a little more than 3.5% during the same period, and other cryptos, most of which also registered smaller gains as investors continued to prefer the best-known digital asset over smaller, riskier ones. XRP, SOL, ADA and MATIC rose less than a percentage point. AVAX was among the losers, recently dropping more than 3%.

Equity markets? They fared a little worse than cryptos but improved on their previous day's bloodbath. The S&P 500 fell by less than a percentage point after finishing Wednesday with its largest percentage decline since June 2020. The index's 18% tumble from its most recent high remains perilously close to the 20% drop that merits bear market designation. The tech-heavy Nasdaq, which reached bear market status earlier this year, fell slightly on Thursday.

kucoin shauryamalwa JPRubin23 Wow, that's a lot of usdt, impressive

kucoin shauryamalwa JPRubin23 Cool:) this is good news for Klein Finance KleinSwap

kucoincom kucoin shauryamalwa JPRubin23 Congrats kucoincom

kucoin shauryamalwa JPRubin23 Successfully buy $RBTC on Kucoin!

kucoincom kucoin shauryamalwa JPRubin23 It workkkkkksss SHlB_x10

kucoincom kucoin shauryamalwa JPRubin23 The craziest airdrop is live now! SHlB_x10

kucoincom kucoin shauryamalwa JPRubin23 🚀Airdrop campaign 👉 SHlB_x10

kucoincom kucoin shauryamalwa JPRubin23 Be nice if they channelled some of those funds into improving their nonexistent customer support

kucoincom kucoin shauryamalwa JPRubin23 Oh shit, so they’re opening their own Network?

kucoin shauryamalwa JPRubin23 How much did this “insight” cost Kucoin? Just curious.

kucoin shauryamalwa JPRubin23 Nice!!

Thank you very much_,,,!

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