In a little under a year, DeFi has become a significant component of the cryptocurrency ecosystem. But which platforms pay the most interest?

Decentralized finance is often hailed as a prime use case for digital assets. Lending practices among DeFi platforms follow similar patterns: loans are overcollateralized, meaning the risk of default is negligible and lending is more responsible than that of the fractional reserve banking system used by legacy lending institutions.

Galaxy Digital has reported a net loss of $68.2 million in the third quarter. The crypto-focused merchant bank suffered from tough trading conditions in crypto markets, with Bitcoin falling 30 percent since Q2.

• Ripple has a bearish short-term and medium-term trading outlook
• The four-hour time frame shows that a bullish inverted head and shoulders has been invalidated
• The daily time frame shows that a bearish breakout from a triangle pattern has occurred
  

Ripple remains under heavy downside pressure as it has yet to establish a technical price floor.

Bitcoin continued to consolidate around the $7,300 level in early Tuesday trading, following the weekend’s pullback from $7,865. The broader cryptocurrency market is also trading sideways, struggling to find a directional bias.

Matic Network continues its recent breakout move to the upside as the token peaked at a 15 percent gain over yesterday.

The Monero network successfully conducted a scheduled upgrade on Nov. 30. Among other features, the RandomX mining algorithm was introduced to cripple ASIC machines and improve the efficiency of CPUs.

• VeChain has a bullish short-term and medium-term trading outlook
• The four-hour time frame shows that a bullish breakout from a wedge pattern has taken place
• The daily time frame shows that a bearish head and shoulders pattern is still looming over the VET/USD pair

VeChain is outperforming the broader cryptocurrency market on Monday with strong double-digit gains, following bullish fundamental news over the weekend.

The cryptocurrency market came back under downside pressure on Monday as Bitcoin and other major cryptocurrencies gave back a significant portion of their late-November trading gains.

Bitcoin is trading below the $7,300 level, following a major technical rejection from trendline resistance on the daily time frame, located around the $7,865 level.

Vertcoin was 51% attacked. Coins were double-spent and 603 blocks were replaced by the attacker’s transactions.

On Dec. 1 at 15:19 UTC, 603 blocks were removed from VTC’s main blockchain and replaced by 553 attacker blocks. There were 5 recorded double-spent transactions. A total of 125 VTC ($29) was redirected to the hacker’s wallet address.

Vitalik Buterin is advocating to free Virgil Griffith, an Ethereum Foundation researcher arrested days ago for allegedly aiding North Korea evade sanctions using blockchain.

“I refuse to take the convenient path of throwing Virgil under the bus,” said Ethereum co-founder Vitalik Buterin on Twitter, “because I firmly believe that that would be wrong.”

Digitex Futures has launched the public beta for its platform today. Traders are now able to test the futures exchange with its promised zero-commission trading on BTC/USD perpetual swaps.