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DEX volume rises: What does it indicate for BNB’s price?
13.5.2024
According to Artemis data, Binance’s BNB Chain decentralized exchange (DEX) trading volume has spiked beyond $700 million for the first time since May 2. This rise in DEX volume is indicative of heightened user activity and involvement on the BNB Chain network. This climb in BNB Chain’s...
Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth
11.5.2024
Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently the frontrunner in terms of 30-day growth, showing a 15.3% increase in supply. Stablecoin Valuation Holds...
Crypto Exchange Trading Volume Declines in April as Bitcoin Retreats from Record High
10.5.2024
Trading volume on major cryptocurrency exchanges has experienced a significant decline in April, coinciding with Bitcoin's retreat from its all-time high.
The post Crypto Exchange Trading Volume Declines in April as Bitcoin Retreats from Record High appeared first on Cryptonews
Solana Price Prediction as SOL Surges 7.8% with $2.8 Billion Volume – Are Whales Buying Before $1,000?
10.5.2024
SOL has jumped by 8% today, with the Solana price reaching $153.37 as the wider crypto market gains by 2.5% in the past 24 hours.
The post Solana Price Prediction as SOL Surges 7.8% with $2.8 Billion Volume – Are Whales Buying Before $1,000? appeared first on Cryptonews
Crypto Monthly Trading Volume Drops for First Time in Seven Months to $6.58T
9.5.2024
Bitcoin, the leading cryptocurrency by market value, fell by nearly 15% in April, ending a seven-month winning streak
Robinhood Q1 crypto trading surges 224% — SEC action ‘disappointing’
9.5.2024
Robinhood’s crypto services contributed to nearly 40% of the firm’s transaction-based revenue and helped the firm produce a net profit for the second straight quarter
Robinhood's Q1 Crypto Trading Volume Surged 224% as SEC Action Looms
8.5.2024
The popular trading platform also beat first quarter revenue and earnings estimates
India’s Central Bank Working To Boost Retail CBDC Volume Through Offline Capability
7.5.2024
The Reserve Bank of India is reportedly working to expand the use of its Central Bank Digital Currency by actively developing an offline transfer capability.
The post India’s Central Bank Working To Boost Retail CBDC Volume Through Offline Capability appeared first on Cryptonews
Sharp increase in Non-Fungible Token lending volume
6.5.2024
According to a recent industry report, Arcade and NFTfi are the leading NFT lending platforms of 2024. Both Arcade and NFTfi were successful in capturing above 1% of the monthly market share since the previous year. The report states that Arcade recorded a quarterly increase of $39.46 million...
DAI drives Ethereum stablecoin volume to record highs in April
6.5.2024
In the last few months, there has been a noticeable boost in the number of stablecoin transactions on the Ethereum blockchain compared to other months. This surge was most noticeable in April when it broke its all-time activity record. Flash loans, typically excluded from financial data...
Turkish crypto bill: 5 things to know before it’s introduced
6.5.2024
Turkey was expected to introduce crypto legislation in early 2024, but the local parliament is yet to report on the process
Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report
6.5.2024
Less than 10% of stablecoin transaction volumes are organic or come from real people, according to new findings by Visa and data platform Allium Labs, Bloomberg reported
Could stablecoin volumes overtake Visa this quarter?
6.5.2024
Research firm Sacra predicts stablecoins will “eclipse” Visa on total payments volume this quarter, but Visa's head of crypto doesn’t agree
Ripple Price Prediction as Charts Show Potential for 50x Returns And Analysts Predict A Spike – Time to Buy?
5.5.2024
With Ripple's XRP trading at $0.5283 amid a $675 million daily volume, investors closely watch for signals that might hint at a 50x return potential.
The post Ripple Price Prediction as Charts Show Potential for 50x Returns And Analysts Predict A Spike – Time to Buy? appeared first...
Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure
2.5.2024
Despite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the selling from the U.S. ETFs. Could Bitcoin price revisit the $50,000 mark next?
Hong Kong’s New Spot Bitcoin and Ether ETFs See $11.2 Million in Trading Volume on Debut Day
1.5.2024
Hong Kong's entry into the spot Bitcoin and Ether exchange-traded funds (ETFs) market saw six newly introduced ETFs record a trading volume of HK$87.5 million ($11.2 million) on their first day of trading.
The post Hong Kong’s New Spot Bitcoin and Ether ETFs See $11.2 Million in Trading...
Circle’s USDC Stablecoin Surpasses Tether’s USDT in Transaction Volume
29.4.2024
In the stablecoin market, Circle's USDC stablecoin made history by outpacing Tether's USDT in terms of transaction volume. This was based on information made public by Visa on April 29 as a result of their collaboration with Allium Labs.
The post Circle’s USDC Stablecoin Surpasses Tether’s USDT...
Dogecoin Price Prediction as $700 Million Trading Volume Sends DOGE into the Green – Are Whales Waking Up Again?
28.4.2024
Dogecoin's trading surge, marked by a $700 million volume boost, hints at a resurgence of interest among heavyweight investors—could this signal a bullish turn?
The post Dogecoin Price Prediction as $700 Million Trading Volume Sends DOGE into the Green – Are Whales Waking Up Again? appeared first...
30,000x potential return: Will BlockDAG eclipse Cardano’s trading volume and XRP’s market surge?
26.4.2024
The buzz surrounding BlockDAG is reaching new heights with the release of a lunar-inspired preview for its forthcoming keynote address, raising the bar for innovation and promotional efforts in the cryptocurrency world. This development aligns with its global promotional activities, including...
Crossover Markets’ Digital Asset Exchange Surpasses $3.15 Billion in Trading Volume in Q1 2024
25.4.2024
Digital asset technology firm Crossover Markets has released impressive performance data for Q1 2024 from its flagship digital assets platform, CROSSx.
The post Crossover Markets’ Digital Asset Exchange Surpasses $3.15 Billion in Trading Volume in Q1 2024 appeared first on Cryptonews