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Tether Reserves Report: USDT Maintains Dominance With $86.1 Billion Market Cap, Over 100% Reserve-Backed
25.8.2023
Stablecoin issuer Tether posts its total market capitalization at $86.1 billion as it maintains its leading market share despite growing competition and uncertain regulatory conditions.
In the company’s reserve report, while total assets stood at $86.1 billion, its liabilities amounted to $82.8...
Tether Reserves Report: USDT Maintains Dominance With $86.1 Billion Total Assets, Over 100% Reserve-Backed
25.8.2023
Stablecoin issuer Tether posts its total assets at $86.1 billion as it maintains its leading market share despite growing competition and uncertain regulatory conditions.
In the company’s reserve report, while total assets stood at $86.1 billion, its liabilities amounted to $82.8 billion....
Hong Kong regulator eyes tokenization for bond market improvement: Report
25.8.2023
The monetary authority in Hong Kong released a report on its study Project Evergreen which looked at the highs and lows of recent bond tokenization activity
Bitcoin, Ethereum Technical Analysis: BTC Traders Jittery, as Federal Reserve Symposium in Jackson Hole Is Under Way
25.8.2023
Bitcoin marginally declined during Friday’s session, concurrent with the ongoing Federal Reserve symposium in Jackson Hole. The Chair of the Fed, Jerome Powell will be speaking at the annual meeting, and providing guidance on the upcoming policy decision. Ethereum also consolidated today....
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
25.8.2023
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets
JPMorgan Sees Limited Downside for Crypto Markets in the Near Term
25.8.2023
News that Elon Musk’s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said
Binance Is Contacting Low-Cap Crypto Projects in Bid to Boost Trading
25.8.2023
The crypto exchange is conducting a "risk management initiative" targeting some crypto projects with a relatively small market capitalization or whose tokens form lower-liquidity trading pairs
Colombian Peso Stablecoin Goes Live on Polygon, Aiming for $10B Remittances Market
24.8.2023
Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies
Biggest Movers: SOL Recovers From Recent Declines, BNB Extends Gains
24.8.2023
Solana continued to trade higher during Tuesday’s session, following a recent breakout below a support point of $20.00. Momentum in the market has begun to gradually pick up in recent days, ahead of Friday’s Federal Reserve Jackson Hole annual meeting. BNB remained in the green....
Bitcoin Gives Up Gains, Returns to $26K Ahead of Fed's Jerome Powell at Jackson Hole
24.8.2023
The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning
Bored Ape Yacht Club NFTs Face Sharp Decline Amid Broader Crypto Slump
24.8.2023
Recent data paints an intriguing picture for the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC). Over a six-month span, its floor price tumbled from 76 ether down to a mere 21.99 ether. However, as of now, the BAYC floor is navigating a range of 23.90 ether to 24.65...
Bitcoin, Ethereum Technical Analysis: BTC Hits 1-Week High, as Bulls Move to Buy the Dip
24.8.2023
Bitcoin rebounded from recent lows on Thursday, as bulls moved to buy the dip, following a drop below the $26,000 level. The rally comes as traders rejected a full breakout below a key support point of $25,600. Ethereum was also back in the green during today’s session. Bitcoin Bitcoin...
NFTs Hit By Unstable Market As Multiple Projects Post Monthly Losses Amid Declining Volumes
24.8.2023
Recent data from non-fungible token (NFT) marketplaces show a sharp decline in transaction volume and prices with several projects posting double-digit losses.
According to data for Nansen, “blue chip” NFTs have recorded up to 25% NFT losses as the sector marks the lowest point since April...
Bitcoin Climbs 3% to $26.6K; SOL, NEAR, ADA Lead Crypto Market Gains
23.8.2023
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted
Why is the crypto market down this week?
23.8.2023
Rising interest rates, delayed Bitcoin ETFs, global financial turmoil and other regulatory pressures are contributing to the crypto market's underperformance
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
23.8.2023
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value
Biggest Movers: BNB Rebounds From 1-Year Low, SHIB Surges Higher
23.8.2023
BNB was one of Wednesday’s biggest movers, as the token rebounded from a recent one-year low. The price decline came as crypto exchange Binance came under scrutiny for allegedly assisting sanctioned Russian clients in moving funds abroad. Shiba inu also rose, following recent losses....
NEAR Jumps 5% After Nexo Integration, Bucking Market Trend
23.8.2023
Also announced was a partnership with startup Tokenproof
Bitcoin, Ethereum Technical Analysis: BTC, ETH Drop to 5-Day Lows, as Traders Await Fed’s Jackson Hole Symposium
23.8.2023
Bitcoin continued to sit firmly below the $26,000 level on Wednesday, after breaking out of a key price floor. The world’s largest cryptocurrency by market cap has mostly consolidated in recent days, as traders await Federal Reserve Chair Jerome Powell’s speech at Jackson Hole this...
Here’s what the latest Bitcoin price correction reveals
23.8.2023
The latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure