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In the wake of a 10% decline in LDO over the past week, a significant transaction has drawn attention. An address identified as 0x0ff…07A85 deposited 3.76 million LDO into Coinbase within the last day, a holding valued at approximately $6.89 million. This address initially opened a position of 6.94 million LDO at an average price … Read more
Sam Altman’s $WLD tokens briefly reclaimed the $4 trading price today, experiencing a gain of over 7%. Simultaneously, ChainLink (LINK) is trading above the $16 mark. According to on-chain reports, a prominent whale investor, known for making a $1.65 million profit in the January 2024 LINK band, has recently opened new positions worth $3.54 million … Read more
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among all U.S. dollar stablecoins. USDB Climbs the Ranks The decentralized finance … Read more
According to intoTheBlock, high-risk loan volumes on the Aave protocol are approaching critical levels as DeFi loan volumes soar to multi-year highs. Investors are aggressively seeking to maximize profits ahead of a predicted crypto bull run, driving significant activity in the DeFi lending space. The latest data reveals that outstanding DeFi loans have surged to … Read more
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market Swelled Last Season; USDE Climbs to Fourth Largest Dollar-Pegged Token While … Read more
Despite Litecoin’s price remaining relatively stable over the past 30 days, data from Lookonchain reveals a significant spike in activity. Yesterday, the number of active Litecoin addresses soared by 75%, reaching its highest level since January and surpassing Ethereum by over 100,000 active addresses. https://x.com/intotheblock/status/1799006336451244319?t=6uowNSmKiFD9rhWCBOrNzw&s=19 In addition to this surge in address activity, the number … Read more
Following bitcoin’s dip in price, QCP Capital highlighted a “doubly strange session” overnight, driven by unexpected economic data and a widely viewed Roaring Kitty livestream. Analysts Highlight Market Chaos Following Bitcoin Dip and Gamestop Decline Three days ago, Singapore-based QCP Capital envisioned a new bitcoin (BTC) all-time high in June. At the time, the firm’s … Read more
The TON Foundation has announced a partnership with Tether to broaden the access of global crypto communities to USDT on the TON blockchain. The foundation has outlined plans to integrate TON-based USDT into at least a hundred exchanges and payment processors in both established and emerging markets in the coming months. TON Foundation and Tether … Read more
The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets with each USDL backed 1:1 in U.S. dollar value. New ‘Lift Dollar’ Stablecoin Offers Daily Returns on … Read more
The value of $ALICE has surged by over 71% in the past seven days, breaking through previous resistance levels with impressive “god candles” that reflect the token’s growing strength. This bullish momentum has seen $ALICE surpass the $2 mark, suggesting a potential rally towards $4 if it maintains this level. Despite this robust performance, $ALICE … Read more
