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Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth
25.7.2024
The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by...
Bitcoin Continues to Dominate as Altcoin Season Index Score Plummets
23.7.2024
In mid-July, the Altcoin Season Index (ASI) available on blockchaincenter.net began to rise, reaching a high of 46 and nearing the significant threshold of 75. Since then, however, the ASI score has dropped to 24, indicating that a period of increased gains for alternative cryptocurrencies is...
Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth
17.7.2024
While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million....
Time for altseason? Analysts say altcoin market is near ‘momentum bottom’
15.7.2024
Altcoin prices have been in a rut, but a key alteason indicator hints that the “strongest wave” is yet to come
Digital Asset Funds Achieve Record $17.8B Inflows in 2024, Reports Coinshares
15.7.2024
Digital asset investment products experienced significant buying activity last week, resulting in inflows of $1.44 billion. This brings the year-to-date total to a record $17.8 billion, far exceeding the 2021 figure of $10.6 billion, according to Coinshares. Record Inflows in Digital Asset Funds...
Why is Solana (SOL) price up today?
15.7.2024
Solana price climbs to two-week highs after pro-crypto Donald Trump survives an assassination attempt
Why is Solana (SOL) price up today?
9.7.2024
Solana price is up today as investors’ excitement over a potential spot SOL ETF turns traders bullish on the altcoin
South Korea crypto body says mass token delistings ‘unlikely’ amid new laws
3.7.2024
South Korea’s incoming crypto investor protection laws will see local exchanges review over 1,300 listed tokens over the next six months
Aave DAO Launches GHO Stablecoin on Arbitrum Network
2.7.2024
Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum According to an announcement, Aave DAO has launched...
Stablecoin Market Remains Steady in June Amidst Crypto Volatility
30.6.2024
While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows...
Assangedao’s JUSTICE Token Surges and Dips Amid Julian Assange’s Release
26.6.2024
In a significant display of volatility, the Assangedao cryptocurrency token JUSTICE climbed by over 80% on Tuesday, only to fall by 18% the next day. This fluctuation follows the recent release of Wikileaks founder Julian Assange, igniting renewed interest and speculative trading in the token....
Tether Announces Shift to ‘Community Driven Support’ Regarding USDT in Eos and Algorand
25.6.2024
Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand...
Kaiko Research: Latam Crypto Traders Prefer Stablecoins Over Bitcoin
24.6.2024
Kaiko, a leading cryptocurrency market data analytics firm, has found that cryptocurrency users in Latin America prefer stablecoins over bitcoin. In its most recent Latam market report, issued in June, Kaiko determined that 40% of the trading volumes involved Tether’s USDT. This preference...
Week of Woe: Major Crypto Assets Suffer, Some AI Coins Buck Trend
24.6.2024
Over the past week, bitcoin has slid 6.6% while ethereum has lost 5.5% against the U.S. dollar, but a large handful of alternative digital assets saw much bigger losses this past week. The meme coin dogwifhat (WIF) was the week’s biggest loser shedding 31.2% while notcoin (NOT) lost 24.3%...
Pantera Capital Calls Solana the ‘Mac OS of Blockchains,’ Highlights Architecture Benefits and Growing Adoption
24.6.2024
Pantera Capital, an institutional asset manager focused on blockchain technology, has called Solana the “Mac OS of blockchains” in its latest blockchain letter. The firm details that the rise of Solana over Ethereum is reminiscent of what Microsoft experienced when Apple entered...
Analyst Outlines Tough Conditions for a ‘Face Melting’ Altcoin Season Rally
22.6.2024
The landscape for altcoins appears notably bleak, with most experiencing consistent declines since March and with bitcoin’s dominance escalating, it diminishes the likelihood of a resurgence altcoin run-ups. On June 20, the X account ‘Altcoin Sherpa’ highlighted...
This Is Why Altcoin Investors Struggle Despite Bitcoin, Ether Sitting Near Yearly Highs
21.6.2024
Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices
Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance
20.6.2024
This month, several cryptocurrency exchanges are delisting certain stablecoins to align with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which establish more stringent rules for fiat-backed and algorithmic stablecoins in the European Economic Area (EEA). Uphold...
Tether Launches Alloy, Opening the Gates for Issuing Gold Standard Compliant Assets
18.6.2024
Tether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup is AUSDT, which will track the value of the U.S. dollar using Tether Gold...
Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens
12.6.2024
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among...