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In a significant move, $GAL has announced its rebranding to $G, causing a 50% surge in its value over the past 24 hours. This development has attracted the attention of smart traders, with one notable wallet, 0xf26ce, purchasing $264.82K worth of $GAL two days before the rebranding announcement. This wallet had been inactive for two … Read more
The U.S. SEC has given the green light to Grayscale’s mini Ethereum ETF, which will be backed by assets from their larger Ethereum ETF. In addition, ProShares’ Ethereum ETF has also received approval. These funds are expected to start trading next week, alongside other spot ETH ETF products. Grayscale has also introduced a mini Bitcoin … Read more
In the ever-dynamic world of cryptocurrency, $MOG has been a standout performer, breaking its previous all-time high (ATH) two days ago and continuing its upward trajectory with new ATHs. Despite its high price, $MOG remains a hot commodity among smart traders, who are actively accumulating the token. According to data from icrypto.ai, several smart wallets … Read more
Yesterday, the Tether Treasury minted another 1 billion USDT on the Tron Network, marking the second consecutive month of substantial minting. Over the past year, Tether Treasury has minted a staggering 31 billion USDT, reflecting a continued strong demand for stablecoins in the cryptocurrency market. 7 hours ago, #TetherTreasury minted 1B $USDT on #TronNetwork again … Read more
As of July 2024, the Total Value Locked (TVL) for Real World Assets (RWA) in DeFi protocols has surged to an impressive $3.89 billion. This milestone underscores the growing integration of tangible assets into the DeFi ecosystem, effectively bridging the gap between traditional finance and decentralized finance. The market capitalization of all Real World Asset … Read more
The Ethena protocol has experienced impressive growth in 2024, particularly in the supply of its stablecoin, USDe. Beginning the year with a supply of 1.3 billion, USDe’s supply has surged to 3.5 billion by July. This remarkable increase highlights the protocol’s promise of high returns to its users. The rise in active addresses for USDe, … Read more
Despite lagging in 2023, DeFi 1.0 assets are now positioned for a significant breakout. DeFi blue chips like AAVE, Maker (MKR), and Lido (LDO) are hitting all-time high revenues even as their valuations remain low. This trend is driven by several factors, including a pro-crypto U.S. landscape, ETH institutional adoption via ETFs, a stronger focus … Read more
While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum … Read more
Last week, Api3DAO launched its OEV network, an innovative on-chain solution designed to recover oracle extractable value (OEV) for decentralized applications (dApps) and DeFi protocols. This initiative aims to save millions of dollars for DeFi protocols by enhancing their efficiency and reducing operational costs. #API3 keeps delivering They launched OEV network, an on-chain solution aimed … Read more
In a remarkable turn of events, the meme cryptocurrency $FIGHT has skyrocketed by 7500% over the past two days, offering substantial gains for early investors. Those who bought in within the first two hours are seeing significant returns as interest in the token surges. According to on-chain data, 10 Smart Money wallets and 56 Smart … Read more