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Stablecoin Market Capitalization Soars to 11-Month High, Taps $134 Billion
24.1.2024
The stablecoin market capitalization has surged to its highest point in 11 months with increased network activity recorded at the start of the year. A recent market research by cryptocurrency analytics firm, CCData shows an increase in the stablecoin market as the wider digital asset market...
Franklin Templeton Confident in Spot Bitcoin ETF’s Future, Awaits Advisor Familiarity
24.1.2024
The renowned financial services firm Franklin Templeton remains optimistic about the future of its spot Bitcoin ETF despite not yet achieving significant trading volumes compared to industry giants like BlackRock, Fidelity, and Grayscale. While these major players account for about 90% of total...
Bitcoin ETFs to Likely Divert Users and Trading Volumes Away from CEXs, Says Anthony Bevan
24.1.2024
Recently approved spot bitcoin exchange-traded funds (ETFs) are likely to divert investor interest and trading volume away from centralized exchanges (CEXs), according to Anthony Bevan, CEO of the wealth management firm Blockguard. Bevan, a full-time trader and investor, added that spot bitcoin...
Digital Asset Investment Products Record $21M Outflows Despite $11.8B Trading Volume
22.1.2024
Digital asset funds have recorded a minor $21 million in outflows while trading volumes surged past $11 billion as crypto prices plummeted in the past seven days. CoinShares’ Digital Asset Weekly Fund Flows report on Jan 22 shows a slight decline in bullish momentum although inflows were...
Unstoppable Domains and The Sandbox Partner to Launch New Metaverse Experience + More Crypto News
22.1.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: Unstoppable Domains Partners with The Sandbox to Launch Metaverse Experience Stablecoin Trading Volumes Increased 27% in December, Highest Level...
Expert Opinions: Massive Inflows to Follow Spot Bitcoin ETF Approval, Bull Market Questionable
19.1.2024
Talking with Cryptonews, three experts have shared their views on spot Bitcoin ETFs trading volumes. They discussed the initial price drop post-approval, how the US Fed and presidential election could affect the market, BlackRock’s marketing approach, the benefits and downsides of the new product...
dYdX Overtakes Uniswap as Daily Trading Volumes Hit $757 Million
18.1.2024
Decentralized finance (DeFi) platform dYdX market has moved past Uniswap as the largest decentralized cryptocurrency exchange (DEX) by trading volumes. Recent data from crypto analytics firm Cointelegraph shows an increase in the trading volume of dYdX v4 over Uniswap’s v3 in the last 24 hours....
Crypto Market Capitalization Surged 108% Despite Trading Volumes Plunging 31.6%: CoinGecko
17.1.2024
The crypto market recorded massive growth in several areas wiping out losses of the bear market with its market capitalization going up 108% to approximately $869 billion. A new market report released by CoinGecko shows industry performances across different quarters highlighting key metrics that...
$9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs
17.1.2024
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024. The day concluded with most funds slightly over 1% lower against the U.S. dollar...
Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes
17.1.2024
Indonesian crypto exchanges saw a sharp 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets
ProShares Seeks to Expand Bitcoin ETF Offerings with Five New Leveraged and Inverse Funds
17.1.2024
ProShares has filed prospectus materials for five leveraged and inverse bitcoin ETFs days after the US SEC approved 11 spot Bitcoin ETFs. Spot Bitcoin ETFs trading which began on January 11, has already seen massive trading volumes, reaching billions of dollars. The newly introduced ProShares funds...
South Korea’s Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
15.1.2024
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024. Despite the noticeable premium on South...
Morgan Stanley: Spot Bitcoin ETFs Could Reshape Global Crypto Attitudes
14.1.2024
Source: Adobe/wolterke The crypto landscape has changed dramatically over the past few years, with stablecoin volumes challenging traditional payment giants like PayPal and Visa. Wall Street is now taking a keen interest in this transformation, specifically through the emergence of spot Bitcoin...
Wintermute Reports 400% Surge in OTC Crypto Trading Volumes for 2023
10.1.2024
Source: Wintermute Wintermute has reported a staggering 400% increase in over-the-counter (OTC) trading volumes for the year 2023 in the midst of a challenging year for crypto exchanges.In the latest report of its OTC performance, the crypto market maker and liquidity provider Wintermute revealed...
Crypto OTC Volumes on Wintermute Soared 400% in 2023
10.1.2024
Market maker says the uptick in over-the-counter trading was due to volumes moving off-exchange
Decentralized Exchanges Near Trillion-Dollar Milestone: A Year of Record Volumes
5.1.2024
Per data analysis, decentralized exchange (dex) platforms nearly reached a trillion dollars in trading volume, posting $960.69 billion over the past year. Moreover, dex activity in December exceeded the previous 2023 high of $132.26 billion, concluding the month with $135.86 billion in finalized...
South Korea’s Crypto Surge — Navigating the ‘Kimchi Premium’ and Massive Trade Volumes
4.1.2024
Recent data reveals that South Korea’s crypto trading volume has surged in recent months, with two exchanges, Upbit and Bithumb, contributing over 10% to the global trading volume as of Jan. 4, 2024. Additionally, while the global price for bitcoin hovers around $43,356 per unit, in South...
Crypto Assets Under Management Surged 14% as Daily Trading Volumes Recorded 33% Increase in December
4.1.2024
Source: Adobe / Luisa The digital asset market recorded massive highs on several fronts in Q4 2023 as institutional investors tightened their bullish grip on the market in anticipation of a spot Bitcoin (BTC) ETF approval in the United States. A new report released by CCData on the fourth quarter...
Arbitrum’s Total Value Locked Surges Past $2.5 Billion as Token Nears $2
3.1.2024
Source: Arbitrum Ethereum layer 2 network Arbitrum has recorded high transaction volumes at the start of the year as well as its total value locked (TVL) tapping $2.5 billion. On-chain data shows the firm’s bullish performance in the last week of 2023 and the early days of 2024 with surging...
Shiba Inu Price Prediction as $175 Million in Volumes Come In – Where Next for SHIB?
2.1.2024
Shiba Inu Price Prediction as $175 Million in Volumes Come In – Where Next for SHIB? Shiba Inu (SHIB) has reversed sharply from an attempt earlier in the day to push to the north of the upper $0.000010s and an increase in trading volumes as traders return from New Year celebrations. Having been...