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Binance Will Lose Dominance After Plea Deal: Head of Digital Assets Research at VanEck
7.12.2023
Source: Adobe Binance, the largest cryptocurrency exchange in the world, is expected to lose its leading position following the guilty plea to US charges and a record $4.3 billion penalty. While the total market value of cryptocurrencies has surged by 12% or $180 billion in the past week, Binance...
FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since August
2.12.2023
Recent data indicates that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is approaching the $1 billion threshold. This growth, a 253% increase in supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at...
Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days
25.11.2023
Over the last few weeks, the market value of leading stablecoins has experienced a notable increase. The economy of these fiat-pegged tokens expanded from $123.66 billion to the present $129.14 billion. This substantial growth of almost $6 billion comes after the stablecoin industry shed tens...
Bitcoin Price Prediction as Recent Decline Triggers Largest Bull Liquidation in 3 Months – Is a Rebound Imminent?
19.11.2023
In recent financial news, Bitcoin (BTC) has witnessed a significant fluctuation in its market value, drawing attention to its latest price movements and the implications for investors and the cryptocurrency market as a whole. Despite a recent decline that triggered the largest bull liquidation...
Fading Interest for Privacy Cryptos Leads to $440M Market Dip in 2023
18.11.2023
Throughout 2023, numerous sectors within the cryptocurrency market have experienced gains. However, leading privacy-centric crypto tokens have lagged behind in performance compared to their counterparts. Since January, the market value of the privacy cryptocurrency sector has diminished by $440...
Tether Charts Strategic Course in Bitcoin Mining, Plans $500 Million Infusion
16.11.2023
Tether Holdings Ltd., the issuer of the leading stablecoin in terms of market value and trade volume, is poised to become a formidable player in the mining industry, as revealed by its CEO, Paolo Ardoino. On Thursday, Ardoino announced the company’s intention to channel approximately $500...
With Over 50% Market Share, Bitcoin’s Dominance Echoes Its 2021 Peaks
24.10.2023
Recent data reveals a surge in bitcoin’s dominance, a measure of its market capitalization in relation to the entire cryptocurrency sphere, reaching peaks not observed since February 2021. Present figures demonstrate that bitcoin (BTC) constitutes approximately 54% of the total...
FTX Estate Stakes 5.5 Million SOL; Millions Locked Until 2028
14.10.2023
Blockchain records have shed light on a development involving the trustees of the now-defunct exchange FTX, who are overseeing its bankruptcy proceedings. They have committed 5.5 million solana (SOL) for staking. Meanwhile, the current market value of FTX’s total solana assets is a hefty...
What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat
10.9.2023
Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat money. Stablecoins blend the characteristics...
Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets
19.8.2023
In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of more than 11%. Interestingly, within the past...
Today in Crypto: ETFs 'May Account for 10%' of BTC Market Value in 3 Years, Jacobi Lists Europe's 1st Spot Bitcoin ETF, Binance Asks for Protective Order Against the US SEC, Dasset Exchange Begins Liquidation
15.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: ETFs 'May Account for 10%' of BTC Market Value in 3 Years, Jacobi Lists Europe's 1st Spot Bitcoin...
Worldcoin Value Plummets 24% in Week Amid Increase in Unique Addresses, Strong Hold by Top Wallets
11.8.2023
In the course of the previous week, the value of worldcoin (WLD) against the U.S. dollar has plummeted by 24.6%, while a broader view of the past fortnight reveals a decline of 21.4%. Simultaneously, five days ago when the contract recorded 408,721 unique addresses in possession of WLD, the figure...
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion
1.6.2023
On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached...
Tether Stablecoin Recoups Lost Market Value in 2022 Crash, Topping $83.2 Billion
1.6.2023
Tether, the largest stablecoin in the market, has seen its market capitalization hit a new record high, exceeding $83.2 billion.
The stablecoin, which is pegged at one-to-one with the U.S. dollar and is backed by reserves of cash and cash-equivalent assets, has recovered the $20 billion in market...
AI-Centric Crypto Market Loses Over $1 Billion in Value in 90 Days
28.5.2023
Roughly three months ago, 74 AI-driven digital currencies boasted a market value exceeding $4 billion. However, since that time, the AI-centric crypto market has experienced a loss of more than $1 billion in value. The Decline in AI-Driven Cryptocurrencies: $1 Billion Wiped Out From Market At...
Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two Weeks
13.5.2023
In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket Pool and Frax Ether have recorded double-digit...
'Bitcoin Request for Comment' Tokens Surge to $137M in Market Value
2.5.2023
The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts
Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade
1.5.2023
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights...
Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Token by Market Cap
30.4.2023
Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week, rising by 152.9% against the U.S. dollar. Recent statistics indicate that PEPE’s market capitalization has surged from $141 million on April 22 to...