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Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins

7.9.2024
In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy...

USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead

3.9.2024
Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth...

Crypto Market Wobbles: Helium Gains While Zcash Leads Week’s Declines

2.9.2024
While bitcoin and ethereum dipped between 8.6% and 8% against the U.S. dollar, most crypto assets didn’t have a winning week. However, helium (HNT) bucked the trend, soaring by 15.43% against the dollar over the past seven days. On the flip side, zcash (ZEC) took the hardest hit, plummeting...

Dogecoin Manipulation Lawsuit Against Elon Musk and Tesla Dismissed

1.9.2024
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despite multiple revisions of their claims. The lawsuit...

Bitso Report Shows Argentines Leading Stablecoin Adoption in Latam

31.8.2024
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these...

Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M

30.8.2024
After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks,...

Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months

30.8.2024
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug....

Cybercapital Founder Justin Bons: L2s Are ‘Parasitic’ to Ethereum

29.8.2024
Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of Ethereum L2s is having on the main chain. Bons stated that the activity that Ethereum should be experiencing is happening on L2s, and that is bringing fragmentation...

Finder’s Experts Forecast Potential Surge in XRP Price

28.8.2024
Financial comparison platform Finder has updated its XRP price prediction for 2024 based on input from a panel of fintech experts. The panel’s average prediction for XRP is $0.66 this year, with the forecast suggesting it could rise to $1.05 by the end of 2025 and reach $2.49 by 2030, driven...

Bitcoin Loses Footing as Price Slips Below $62K Threshold 

27.8.2024
Bitcoin took a tumble on Tuesday, hitting a low of $61,455 per coin after peaking at $65,103 just three days prior. The crypto market downturn resulted in a shake-up, with $20.28 million in bitcoin long positions and $40.29 million in ether longs being liquidated. Crypto Market Stumbles: Bitcoin...

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