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Bitcoin's ‘De-Dollarization’ Narrative Loses Ground As USD Tightens Its Grip on International Transactions
17.1.2024
The crypto market's de-dollarization expectations look premature as the greenback remained the preferred currency in international transactions in 2023
Circle Report Shows USDC Navigating Challenging Waters in 2023
17.1.2024
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading. A Resilient Year for USDC Amidst Market Shifts Circle, the issuer of the USD Coin...
After a $3.3M attack, SocketDotTech Protocol releases statement
17.1.2024
Socket recently released an official statement addressing its security incident. The protocol experienced a 3.3 million-dollar attack recently. The tweet by Socket stated that the team has identified the issue and has already paused the affected contracts. The protocol also assured users that...
VanEck ceases multi-currency trading in USD for select ETPs
12.1.2024
VanEck announced the cessation of USD multi-currency trading for a subset of Exchange Traded Products (ETPs). Among these are VDOT, VBTC, VETH, and VSOL. Although they are not listed for trading on the SIX Swiss Exchange, they are available for purchase in USD and EUR on Euronext Amsterdam, Xetra...
Exness averages $3.7T in trading volume for 2023
12.1.2024
December marked a time when activities in the trading market were low due to the holiday season. It affected liquidity to some extent, and traders were mostly on the lookout for some break from volatility that they would otherwise come across. However, Exness had a different story ongoing that...
Stablecoin Issuer Circle Plans to Go Public, Files Confidentially With US Securities Regulator
11.1.2024
Circle Internet Financial, a fintech company and issuer of the stablecoin usd coin, has disclosed its move toward an initial public offering (IPO). The firm revealed that it has confidentially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC). This strategic step by Circle...
USDC Stablecoin Issuer Circle Confidentially Files For IPO
11.1.2024
Source: AdobeStock Circle Internet Financial – the issuer of the world’s second-largest stablecoin, USD Coin (USDC) – has quietly filed for an initial public offering (IPO) with federal regulators. Their IPO registration follows a series of historic approvals by the Securities and Exchange...
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
11.1.2024
Over the last month, the supply of Paypal’s PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth’s dollar-linked digital currency to become the tenth largest among...
BONK rebounds 30%, but is new meme coin competitor more sustainable as it soars to $6.5M?
11.1.2024
BONK, a meme coin built on the Solana blockchain, was distributed as an airdrop to the Solana community on December 25, 2022. The project features a Shiba Inu dog as its mascot, drawing inspiration from the well-known memecoin, Dogecoin (DOGE). During the third week of December 2023, BONK...
Solana Price Prediction as Total Value Locked Declines by 20% – Is Demand for SOL Weakening?
8.1.2024
Following an earlier retest of last week’s lows in the $85s, Solana price (SOL) is attempting to rebound, though declining total value locked (TVL) remains a concern for the bulls. SOL/USD was last changing hands around $94, with the SOL price up around 5%. Solana has been moving higher on Monday...
Solana Price Prediction as SOL Dips Below $100 and Bounces Back – Time to Buy?
6.1.2024
Solana (SOL/USD) has experienced a challenging start to 2024, with its price dipping below $95 despite a generally optimistic trend in the broader cryptocurrency market. Notably diverging from the upliftment seen in other cryptocurrencies spurred by the anticipation of Bitcoin exchange-traded funds...
Bonk Price Prediction as It Falls 6% – Is the Meme Coin Hype Fading?
6.1.2024
Bonk (BONK) is down another 6% on Friday, taking its run of losses since hitting all-time highs in December to nearly 70% as meme coin hype continues to fade. BONK/USD was last changing hands on major cryptocurrency exchanges at around $0.000011, a far cry from its peak a few weeks ago above...
Bitcoin Price Prediction as BTC Recovers to $43,000 – Is $50,000 in Sight?
5.1.2024
In the ever-evolving world of cryptocurrencies, Bitcoin (BTC/USD) stands out, marking significant strides in the global financial scene. As of January 5th, Bitcoin’s recovery is evident with its price soaring to an impressive $44,900, a notable 2.5% increase in just 24 hours. This remarkable...
Sei Price Prediction as it Surges 60% in 7 Days – What’s Fueling This Momentum?
4.1.2024
Sei (SEI) Chart / Source: TradingView Sei (SEI), the token that powers the recently launched and much-hyped Sei Network blockchain, has continued to pump in recent days, despite the broader cryptocurrency market succumbing to profit-taking and deleveraging. SEI/USD was last changing hands just...
USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbulence
4.1.2024
Circle’s USDC, typically pegged to the dollar, experienced unexpected volatility on Binance, dipping as low as $0.76 amidst a market rattled by Bitcoin ETF skepticism and a significant liquidation in derivatives. USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In...
Cardano Price Prediction as ADA Dumps 7.5% – Can ADA hit $1 in 2024?
3.1.2024
Cardano (ADA), the cryptocurrency that powers the smart-contract-enabled layer-1 Cardano blockchain protocol, dumped 7.5% on Wednesday. ADA/USD was last changing hands around $0.56 per token, having at one point traded as much as 16% lower on the day when it hot lows just above $0.50, near...
Klaytn Foundation onboards $GPC (Gold Pegged Coin)
3.1.2024
Klaytn Foundation has adopted $GPC (Gold Pegged Coin), along with providing its complete backing of the DeFi platform, Goldstation, on its blockchain. For the uninitiated, the Klaytn Foundation is the setup responsible for the public blockchain, Klayton, in South Korea. Klaytn is a blockchain...
Bitcoin Price Prediction as Market Cap Nears $900 Billion – Can BTC Maintain Its Momentum?
2.1.2024
As Bitcoin (BTC/USD) commences 2024 with an impressive 2.47% rise in value, reaching $44,907 on January 2, the cryptocurrency market watches closely. This increase not only highlights a significant trading volume of over $39 billion within 24 hours but also cements Bitcoin’s dominant position...
Is It Too Late to Buy Sei? SEI Price Rallies 35% as New Meme Coin Approaches Launch – Time to Buy?
2.1.2024
Sei (SEI) Chart / Source: TradingView As the Sei ($SEI) pump continues at the start of 2024, investors are increasingly asking whether they may have missed their opportunity to buy the cryptocurrency. SEI/USD was last changing hands at around $0.75, up a further 6% on Tuesday and taking gains since...
Paypal and First Digital Stablecoins Dominate in December as Binance USD Heads Toward Extinction
2.1.2024
The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged crypto asset, observed a 2.5% uptick in...