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XRP Whales Accumulate As Price Surges Ahead Of Altcoin Pack

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The recent price movement of XRP has caught the attention of crypto whales, who have been actively accumulating the digital asset amidst its fluctuations. Over the past week alone, these whales have acquired more than 31 million XRP tokens, signaling a bullish sentiment in the market. Currently trading at $0.544, XRP has outperformed many other … Read more

Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash

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This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoins have experienced an increase in supply, with Ethena’s USDE at the forefront, registering a … Read more

MakerDAO’s $MKR Faces Decline As Whales Make Moves

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MakerDAO’s native token $MKR has experienced a 4% decline in the past 24 hours and a 6% drop over the course of the last 7 days, signaling a challenging period for the cryptocurrency. Recent on-chain reports reveal that MakerDAO Multisign 0xbba has deposited 421.985 MKR, equivalent to $1.29 million, to Wintermute Trading OTC at a … Read more

Tether Integrates USDT on TON Network, Targets 900 Million Telegram Users

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Tether, the stablecoin company, has launched native USDT, the largest dollar-pegged stablecoin, on The Open Network (TON). With this addition, over 900 million Telegram users can seamlessly transfer digital dollars, without having to type crypto addresses. 11 million TON will be distributed among USDT users on TON to incentivize its adoption in the ecosystem. Tether … Read more

Solana Developers Deploy Fixes to Mainnet to Address Network Congestion

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Solana developers have successfully pushed a series of fixes to address network congestion issues. On April 15, Solana urged validators to update to v1.17.31, a version that changes how certain validators are treated depending on their stake. Further fixes will be shipped in the coming weeks, including a new scheduler that will be disabled by … Read more

GMT Token Shows Signs Of Recovery After Recent Downtrend

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The GMT token, which has experienced a bearish trend across all timeframes, showed signs of a potential recovery today with a 4% increase, bringing its current trading price to $0.238. This slight uptick follows a period of decline, indicating a possible shift in market sentiment. Notably, a significant development occurred yesterday when an early investor … Read more

Pendle Shows Resilience Amid Market Volatility

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Pendle, despite experiencing a 14% decline in the past 7 days following a significant surge in recent weeks, continues to offer promising opportunities within the realm of decentralized finance (DeFi).  Despite the short-term fluctuations, the sentiment surrounding Pendle remains largely positive, with investors eyeing its potential for yield generation. One notable aspect of Pendle’s appeal … Read more

Tether Officially Reorganizes, Announces Four Different Business Divisions

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Tether, one of the largest companies in the cryptocurrency industry, has announced a reorganization of its business operations, seeking to restructure to support its expansion. Tether will now have four business divisions: Tether Data, focused on tech developments; Tether Finance, dedicated to the digital assets business; Tether Power, dealing with mining operations; and Tether Edu, … Read more

Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation

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Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to the increase in USDT’s market capitalization, which reached $109.38 billion by Friday at 1:00 p.m. Eastern Time. … Read more