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The cryptocurrency market is experiencing a substantial surge in the adoption and utilization of USDC, which is one of the top stablecoins. In the last year, the daily transaction volume of USDC has shot up by an extraordinary 119%. This is obviously reflection of the growing demand there is for USDC among not just everyday … Read more
A major crypto investment firm, BlockTower Capital, has made a major move by transferring to Binance over the past nine hours assets valued at $16.78 million. The funds consist of DeFi tokens that amount to $16.78 million and have been moved from an unknown wallet to the exchange. It’s a significant sum, and the fact … Read more
A DeFi project called World Liberty Financial (WLFI), which has the Trump family as backers, has made a big on-chain move. Not long ago, it sent eight different tokens now valued at around $305 million to Coinbase Prime. This has led to some speculation, to put it mildly, that WLFI might be on the verge … Read more
XRP is trading at $2.614 to $2.645 per coin over the last sixty minutes with a market capitalization of $152 billion, a 24-hour trade volume of $16.82 billion, an intraday price range between $2.25 and $2.78, and a gain of over 12% against the U.S. dollar in the past day. XRP The one-hour chart indicates … Read more
Another major event is occurring in the cryptocurrency market on February 8th. On that day, 55 million $XTER tokens (worth about $22.8 million) will be unlocked and made available for trading. This release happens to coincide with a crypto market that has been marked by substantial volatility, with some virtual currencies demonstrating a tendency to … Read more
In the past 24 hours, Dogecoin ($DOGE) has been undergoing significant selling. Whales have been offloading a huge amount—270 million DOGE—to the market. The price of DOGE has been feeling the pressure. In fact, the past 24 hours saw a sharp drop in price that took 19% of Dogecoin’s value away in just a single … Read more
The cryptocurrency market has witnessed a sharp downturn, with sentiment executed from the optimism we witnessed just a few short weeks ago to the current fearful state. We have now plunged into the realm of “Fear,” according to the Crypto Fear & Greed Index—where the index reads 44. What is even more disheartening is that … Read more
In a major turn of events that has garnered the interest of both the community of cryptocurrency investors and regulators, Ripple recently took the step of unlocking 100 million $XRP from its escrow account—money that, at the time of the announcement, was worth a jaw-dropping $283.89 million. Coming along with the unlocking was a memo … Read more
The cryptocurrency market remains turbulent, but Circle is undeterred. The company is moving ahead with its plans to expand on the Solana blockchain and just two hours ago minted another 250 million USDC. This continued USDC minting activity has occurred against the backdrop of impressive overall growth of Solana’s stablecoin ecosystem. Over the last six … Read more
Amid increased market volatility, two big players have been seen scooping up considerable quantities of $ARKM and $MKR, leading to speculation that some hefty price action might be in the works. On-chain tracker Eyeonchain has noted that the whales have made a couple of big buys of late, with one directing funds toward ARKM and … Read more