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Mercado Libre, the largest public company in Latam by market capitalization, has announced the release of its own dollar-pegged stablecoin, the meli dolar, for the Brazilian market. The development was completed in partnership with Ripio, an Argentine cryptocurrency exchange, and is issued by Meli Uruguay S.R.L., a part of the Mercado Libre group. Mercado Libre … Read more
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale … Read more
Recently, attention has shifted towards TRON, especially following the launch of @sunpumpmeme. The @trondao ecosystem has witnessed significant growth, with a 124% increase in transactions ranging from $100 to $10,000, likely fueled by the growing excitement surrounding @sunpumpmeme. The @trondao ecosystem has experienced a 124% increase in the number of transactions valued between $100 and … Read more
The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin Boom: $2.21B Growth Driven by Tether and PYUSD Between Aug. 9 and Aug. 18, 2024, the stablecoin economy expanded by … Read more
In July 2024, the fundraising landscape saw significant activity, with an estimated $878 million raised across 162 projects. The month highlighted a strong investor focus on the Infrastructure, Blockchain Service, and DeFi sectors, which continue to attract substantial capital. First, these were the top 10 projects that had raised the most funds in July (3/15) … Read more
In the past 24 hours, $NEIRO has emerged as the top cryptocurrency in the “Accumulated by Smart Money” category. Both whales and savvy decentralized exchange (DEX) traders are actively increasing their holdings of $NEIRO, despite its high price. This has garnered significant attention in the crypto space. Among The Recent Notable Purchases, Several Smart Wallets … Read more
In the last 24 hours, $VOW has suffered a dramatic 50% drop in value after Cyver Alert released a concerning report today. The report revealed that on August 13, 2024, Cyver’s monitoring system detected several suspicious transactions involving the Vowcurrency (@Vowcurrency) network. According to Cyver Alert, the attack was meticulously planned, with the malicious contract … Read more
According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD Nears $1B Milestone The stablecoin asset issued by Paypal is now the sixth largest stablecoin asset today after growing significantly over … Read more
A prominent whale has sold a staggering 594,000 SOL, valued at $86 million, since the start of the year. This large-scale unloading has taken place across major exchanges like Coinbase, Binance, and OKX, with the whale averaging one sale per week. The most recent transaction occurred just yesterday, signaling continued selling pressure on Solana. A … Read more
As Bitcoin undergoes its steepest downtrend of the current cycle, investor sentiment remains notably uncertain. Despite this surface-level indecision, there are clear signs of a renewed focus on HODLing and accumulation within the market. With the market currently digesting the largest #Bitcoin downtrend of the cycle, indecision amongst digital asset investors remains apparent. However, below … Read more