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Nalezeno "$20 Billion": 2925

Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC


Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts...

Citadel-Backed Hidden Road Partners Targets $120M in Series B


Hidden Road Partners aims to secure $120 million in a Series B funding round to bolster its crypto and other trading services, targeting a $1 billion valuation. The post Citadel-Backed Hidden Road Partners Targets $120M in Series B appeared first on Cryptonews

27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks


Recent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year. Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77...

GBTC Continues to Lead Outflows as Bitcoin Spot ETFs See Net Outflow of $58M


Grayscale GBTC experienced a net outflow of $79.38 million from Bitcoin spot ETFs, contributing to its historical net outflow of $16.46 billion, while BlackRock ETF IBIT saw a net inflow of approximately $25.78 million. The post GBTC Continues to Lead Outflows as Bitcoin Spot ETFs See Net Outflow...

Microsoft Invests $1.5 Billion Into AI Firm in the UAE


Microsoft gave G42, an artificial intelligence (AI) startup with headquarters in the United Arab Emirates (UAE), $1.5 billion. As part of Microsoft's AI investment ambitions to bolster and fortify its position in the AI market. The post Microsoft Invests $1.5 Billion Into AI Firm in the...

Peter Schiff Predicts Bitcoin To Drop to $20K Price Level


On April 14, well-known Bitcoin critic Peter Schiff projected that the price of BTC may drop to $20K. Additionally, he issued a cautionary statement, stating that in the event of a price collapse, Microstrategy—the biggest corporate Bitcoin holder—may lose an estimated $2.7 billion. The post Peter...

Payment Use Cases Fuel Increasing Stablecoin Growth


The global stablecoin supply currently stands at over $150 billion, demonstrating new demand for relatively stable digital assets.  The stablecoin market has also grown more competitive. For example, XRP issuer Ripple recently announced plans to launch a United States dollar-backed stablecoin. ...

Stablecoin Market Expands by $4.46 Billion in 12 Days


In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30 days. Top Dollar-Pegged Cryptos See Growth Amid...

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