Month: December 2024

Stablecoin Market Cap Surpasses $200B As DeFi Yields Outpace Traditional Finance

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The stablecoin market has reached a significant milestone, with its total market capitalization surpassing $200 billion. This explosive growth is being driven by DeFi’s superior yield offerings, which outshine traditional financial instruments. With returns up to three times higher than long-term bonds, it’s no surprise that capital is pouring into this sector at an unprecedented … Read more

Bitcoin Accumulation Patterns Shift As Whales Capitalize On Market Dip

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Over the past 30 days, Bitcoin distribution has accelerated, signaling a notable shift in market behavior. Holding Bitcoin ($BTC) is no longer the default strategy for many participants, as evidenced by the Long/Short-Term Holder Supply Ratio dropping to 3.78, the lowest level in this cycle. Amid this redistribution, key demand zones are emerging. While 482,000 … Read more

USDT On Ethereum Surges As ETH Faces Seasonal Patterns

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For the first time, the supply of USDT on Ethereum has surpassed that on TRON, marking a significant shift in stablecoin dynamics. Over the past month, the USDT supply on Ethereum increased by approximately $20 billion, showcasing the growing preference for Ethereum as a stablecoin network. BREAKING: USDT on Ethereum overtook USDT on TRON. The … Read more

BSC Meme Token $MONKEY Launches With Wintermute And DWF Labs As Market Makers

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The BSC ecosystem welcomed the launch of the meme token $MONKEY today, backed by notable market makers Wintermute and DWF Labs. Ten hours prior to launch, Wintermute’s OTC address received a transfer of 100 billion $MONKEY tokens—equivalent to 1% of the total supply—from the project team to facilitate market-making activities. While transactions involving DWF Labs’ … Read more

Avalanche Closes $250 Million Token Sale Ahead of Upcoming Avalanche9000 Upgrade

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Avalanche announced the recent closure of a $250 million token sale that will support the upcoming launch of Avalanche9000. This major upgrade aims to turn Avalanche into a swarm of interconnected L1s. Avalanche Raises $250 Million Before Major Avalanche9000 Upgrade Avalanche, a top 15 blockchain project, has recently closed a $250 million token sale in … Read more

Luigi Mangione Gains Memecoin Infamy

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The promising engineer from a wealthy Baltimore family was charged with the brazen, broad daylight murder of health insurance executive Brian Thompson. Alleged Killer Becomes Memecoin Darling Valedictorian-turned-villain Luigi Mangione, who has been accused of an assassin-style execution of United Healthcare CEO Brian Thompson last week in New York City, has become the face of … Read more

Web2 Wake-up Call: 71% of Users Feel Entitled to Share of Big Tech Profits

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A recent survey by Consensys and Yougov reveals that many people are concerned about the power of big tech companies and the potential misuse of artificial intelligence (AI). Big Tech’s Power Raises Concerns According to a recent survey conducted by Consensys and Yougov, respondents expressed concern that big tech companies like Meta wield too much … Read more

EU Bleeds €1.5 Trillion Under Anti-Russian Sanctions, Report

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Russian Deputy Foreign Minister Alexander Grushko has claimed that the European Union has suffered financial losses exceeding €1.5 trillion (approximately $1.58 trillion) due to sanctions imposed on Russia. Speaking in Moscow, Grushko described these sanctions as a “self-destructive” policy, criticizing the EU for making what he termed a costly political decision. He highlighted that these … Read more