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Supply of Stablecoins on Ethereum Protocol 30% Lower Than in 2022 — Study
21.12.2023
The supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $100 billion to $66 billion since 2022. The study data shows BUSD and USDC as the two stablecoins which caused the overall market value to fall from $139 billion to $129.5 billion. Tron Stablecoin Supply...
Stablecoin Dominance Hits Lowest Since December 2021 Despite Record Monthly Supply
21.12.2023
Source: AdobeStock The entire stablecoin market cap dominance fell to 8.07% in December, recording the lowest market share since December 2021, despite adding the largest monthly supply last month since February 2022. The total market capitalization of stablecoins rose 3.43% to $128 billion...
Bitcoin Technical Analysis: Bullish Trends Push Against Upper Resistance Limits
20.12.2023
Bitcoin’s price of $43,094, fluctuating between $42,235 and $43,176 within 24 hours, reflects a market in subtle motion. With a substantial 24-hour volume of $20.10 billion and a market capitalization of $837 billion, bitcoin maintains its strong presence in the cryptocurrency sphere....
Bitcoin Reaches New All-Time High In Options Open Interest
20.12.2023
Demand for Bitcoin options is soaring, with average daily open interest on the Chicago Mercantile Exchange (CME) touching an all-time high of $1.9 billion as of December. According to CoinGlass, the last high for CME open interest was in April at $1.68 billion, when the U.S. banking crisis a month...
Galaxy Digital on the Hunt for More Crypto Bankruptcy Assets Post-FTX Deal
19.12.2023
Source: LinkedIn Galaxy Digital, the cryptocurrency group led by US billionaire Mike Novogratz, is seeking additional asset sales from bankrupt digital asset companies following a successful deal that involved selling coins held by FTX. The transaction has significantly increased Galaxy’s...
Assets Under Management Surges Past $50 Billion as Altcoins Record Slight Gains
19.12.2023
Source: Adobe / Luisa Digital assets funds continue their upward momentum as asset prices continue to rise towards the end of the year with growing optimism for an approval of a spot Bitcoin (BTC) ETF in the United States. Data from CoinShares shows cryptocurrency assets under management (AUM)...
How to Buy Sponge V2 ($SPONGEV2) – Easy Guide
19.12.2023
Meme Mania has returned to the broader crypto market. Could Sponge V2 be the next billion-dollar meme coin for 2023? The project has just launched its stake-to-bridge platform, enabling investors to secure early access before exchange listings. In this guide, we explain how to buy Sponge V2 tokens...
Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine
19.12.2023
Source: Pixabay In a significant legal development, Judge Manish Shah of the U.S. District Court for the Northern District of Illinois has issued a verdict ordering cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao, to pay a staggering $2.85 billion to...
Solana Price Prediction as Daily Trading Volume Surges to $1.8 Billion – Can SOL Overtake XRP?
18.12.2023
Source: Dall•E 3 The Solana price has dropped by 6% in the past 24 hours, falling to $68.30 on a day when the cryptocurrency market as a whole has declined by 2%. Despite this loss, SOL remains up by 6% in the past fortnight and by 20.5% in the last 30 days, with the altcoin […]
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FDUSD Rockets to $1.6B Market Cap, Becoming Fifth Largest Fiat-Pegged Crypto Amid Binance Concentration
17.12.2023
In the fortnight since Dec. 2, 2023, the stablecoin asset first digital usd (FDUSD) experienced a notable expansion, increasing its supply by 690 million coins. As of Dec. 17, 2023, this surge has elevated its market capitalization to a significant $1.61 billion. This period witnessed...
XRP Price Prediction as $1.2 Billion Trading Volume Sends XRP Down 4% – Are Whales Selling Before January?
16.12.2023
Despite a cautiously optimistic technical outlook, Ripple’s XRP has recently faced a downturn, dropping by 4% amidst a whopping $1.2 billion trading volume. As of December 16, the digital currency is trading at $0.620, marking a marginal 0.50% increase over the last 24 hours. Its significant...
Ethereum Technical Analysis: ETH Faces Downward Pressure; Bearish Trends Emerge Amidst Market Volatility
15.12.2023
As of Dec. 15, 2023, ethereum’s price exhibits intricate dynamics, standing at $2,259. Oscillators and moving averages paint a mixed picture, while the 4-hour and daily charts reveal patterns of consolidation and a short-term downtrend. Ethereum Ethereum’s (ETH) market capitalization...
Bitwise Unveils 10 Crypto Predictions for 2024: Bitcoin to Surpass $80,000, Spot Bitcoin ETFs Could Capture $72 Billion
15.12.2023
Crypto asset manager Bitwise has unveiled 10 crypto predictions for 2024 that include bitcoin trading over $80,000, setting a new all-time high. The firm also estimates that spot bitcoin exchange-traded funds (ETFs) could capture $72 billion in assets under management. In addition, the asset...
LatAm Embraces Wider Stablecoin Adoption: Circle Report
13.12.2023
Source: Getty Images Fintech firms in Latin America are rapidly embracing digital finance solutions, fueled by an increase in crypto adoption among citizens. In a recent report, USDC issuer Circle revealed that citizens of LatAm countries received $562 billion in digital currency value between 2021...
Will ORDI Rise Again? NFT Trading Volume Surges To Record High As NuggetRush Enters Third Presale Stage
13.12.2023
TLDR After an 850% price surge, will the price of ORDI experience another surge? The trading volume of NFT increased to $1 billion as the market turned bullish. NuggetRush has also entered its third presale stage, exciting users. Excitement in the crypto market has returned, with NFT trading...
Cardano Price Prediction as Daily Trading Volume Surges to $1 Billion – Are Whales Accumulating?
13.12.2023
Source: Dall•E 3 The Cardano price has dropped by 3% in the past 24 hours, falling to $0.568470 as the crypto market as a whole also suffers a 3% loss today. Despite the selloff, ADA remains up by 32% in the past week and by 50% in the last 30 days, with the altcoin having […]
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12 Best Bitcoin Sports Betting Sites for December, 2023
12.12.2023
Sports betting is a massive part of the global economy and is estimated to be worth around $250 billion across the world in 2023 – crypto betting is a rapidly-growing sector of the industry as customers switch to Bitcoin betting and crypto sportsbooks because of their huge welcome bonuses...
FTX Debtors Challenge IRS Over Whopping $24 Billion Tax Claim
12.12.2023
Source: Adobe / Александр Поташев Debtors of FTX have raised concerns over the Internal Revenue Service’s (IRS) claim of $24 billion in taxes, warning that it could impede the return of customer funds. In a filing submitted on Sunday, the debtors argued that their earnings were nowhere near...
China Plans to Verify Identities of its 1.4 Billion Residents Through Blockchain-Based Platform
12.12.2023
Image Source: Pexels China has unveiled plans to use blockchain technology for the verification of real-name identities of its vast population of 1.4 billion people. The announcement came from the Blockchain-based Service Network (BSN), China’s national-level blockchain initiative, according...
Blockchain Gaming Industry to Exceed Over $600 Billion in Value by 2030
11.12.2023
The blockchain gaming industry is expected to surpass over $600 billion in value by 2030, according to a new report released Monday. Blockchain gaming is booming The report, published by Fortune Business Insights, defines blockchain gaming as any video game “with features utilizing...