Cryptocurrency News
Tether (USDT) may not always be in the spotlight, but it remains a cornerstone of the cryptocurrency market. In September alone, over $424 billion worth of USDT was transferred on the TRON network, marking one of the largest monthly transfer volumes ever recorded. Stablecoins have seen a surge in popularity […]
The stablecoin market has grown exponentially, becoming a crucial component of the cryptocurrency ecosystem. From a modest $1 billion supply in 2018, the stablecoin market has expanded to over $160 billion by 2024. This massive growth underscores the critical role stablecoins play in providing liquidity, stability, and utility for numerous […]
Tether’s Treasury has recently minted $1 billion worth of USDT to bolster its inventory for future issuance and enhance liquidity. This move comes in response to rising demand for stablecoins, particularly on the Tron network, where USDT has seen increasing adoption. As the dominant player in the stablecoin market, USDT […]
USDT holdings on cryptocurrency exchanges have been climbing, hinting at a potential wave of buying pressure in the market. According to data from IntoTheBlock, $300 million worth of stablecoins flowed into exchanges yesterday, suggesting that investors may be positioning themselves to capitalize on the recent market dip. $300 million worth […]
Tether announced today its plans to launch USDT on the Aptos network, marking another step in its strategy to leverage advanced blockchain technology to make digital currencies more accessible and usable globally. This integration aims to take advantage of Aptos’ speed, scalability, and robust blockchain infrastructure to enhance the efficiency […]
Yesterday marked a historic day for stablecoins, which experienced the highest number of single-day transfers ever recorded. This surge in activity comes as institutions begin to inject funds into the crypto market, taking advantage of lower prices to buy the dip. Cumberland, a major player in the crypto space, received […]
Stablecoins have become a crucial element in the DeFi ecosystem, offering much-needed stability and liquidity. Recent data from @intotheblock underscores their growing influence. Leading stablecoins such as USDT, USDC, and DAI are witnessing substantial market cap growth, with USDT exceeding the $100 billion mark. This surge highlights their widespread adoption […]
Amidst the ongoing bullish season in the cryptocurrency market, there has been a surge in inflows, particularly with stablecoins flowing into exchanges, as per recent reports. According to insights from Lookonchain, a significant whale has re-entered the crypto market, initiating substantial fund injections. Over the past 26 hours alone, this […]
Recent data from intotheblock’s perspective dashboard sheds light on the stablecoin landscape within the collateralized debt positions (CDP) ecosystem. Thereby, showcasing DAI’s prominent position as the leading stablecoin with the largest number of holders. In the realm of DeFi’s collateralized debt positions, users utilize blockchain-based smart contracts and various cryptocurrencies […]
The aggregate stablecoin supply has witnessed significant expansion since October 2023, experiencing a notable monthly increase of $4.17 billion in December—an unprecedented surge not seen since March 2022. This surge has propelled the current market capitalization of all stablecoins to an impressive $128 billion. Since Oct 2023, the Aggregate Stablecoin […]
TrueUSD (TUSD) experienced a significant depreciation, dropping to as low as 97 cents, triggered by reports of traders liquidating over $300 million worth of the stablecoin, according to data from Binance. Binance’s announcement on January 15 about farming $MANTA by staking $BNB and $FDUSD, excluding $TUSD, played a pivotal role […]
In a significant stride towards embracing innovative digital currency solutions, Nigeria is gearing up for the launch of the compliant Nigeria Naira (cNGN) stablecoin. This will launch on February 27, 2024, as announced by the Africa Stablecoin Consortium (ASC). Comprising fintechs, financial institutions, and blockchain professionals in Nigeria, the consortium […]
Tether (USDT), the world’s most prominent stablecoin, is making waves in the cryptocurrency market once again, and this time it’s the large USDT holders, often referred to as “whales,” who are taking center stage. Recent events have seen Tether’s top 10 largest wallets accumulating USDT at a rapid pace, resulting […]
In recent weeks, Tether (USDT), the world’s largest stablecoin, has shown remarkable resilience and heightened activity on the blockchain. The surge in onchain activity and accumulation of USDT in specific wallet categories signal growing interest and confidence in the stablecoin. Active USDT Addresses Hits New High Active addresses for USDT […]
Recent information suggests that both sharks (experienced traders with large capital) and whales (entities with substantial cryptocurrency holdings) are closely observing the price range of Bitcoin, specifically in the $30k to $31k range. This indicates that these market participants are interested in this particular price level and are likely assessing […]
HAY, a BNB-Powered Overcollateralized Stablecoin, Is Set to Launch and Disrupt the DeFi ecosystem. British Virgin Islands – Helio has announced the upcoming launch of HAY, a stablecoin over-collateralized by BNB pegged to USD. Because it is powered by the BNB chain, HAY is poised to become one of the market’s […]
Imagine waking up and finding out that you’ve lost over 60% of your supposed savings. Last month, Investors lost more than 99% of their savings in the UST-LUNA collapse, which shook the entire Crypto space. Over $800 million worth of cryptocurrency long positions were liquidated in one day. This is […]
As cryptocurrency markets continue to trade sideways this weekend, quite a few coins are seeing double digits price gains. Today’s biggest gainer is Venus (XVS), rising over 27% in the past 24 hours, ranking it the biggest gainer on Crypto.com. What Is Venus cryptocurrency, and why is the XVS price […]