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It has been over ten months, and through 2024, tether (USDT), the leading stablecoin by market value, has expanded its supply by 34.27%. Tether’s USDT Expands by 34% in 2024 Over the past year, USDT’s supply climbed by 34.27%, rising from $91.73 billion to $123.17 billion. Tether, launched nine years and eight months ago with … Read more
With Donald Trump now set to become the 47th U.S. president, Ross Ulbricht’s family took to social media on Nov. 7 to share a long-awaited update: “Ross will be coming home in January.” Throughout the 2024 election, Trump pledged to grant Ulbricht’s sentence commutation, promising his release on “day one.” After 11 Years in Prison, … Read more
Former Congressman Ron Paul scrutinized the Federal Reserve and its leadership, raising concerns over the power dynamics between the Fed, its chair Jerome Powell, and the political influences of President-elect Donald Trump. Jerome Powell’s Fed Under Fire: Ron Paul Calls for ‘Sound Money’ Revolution In a recent interview, Ron Paul expressed strong reservations about the … Read more
At press time, with bitcoin floating comfortably above $76,000, the flagship cryptocurrency holds its ground as the ninth largest asset worldwide by market capitalization. Bitcoin Overtakes Meta, Sets Sights on Silver in the Global Asset Race On Fri., Nov. 8, 2024, bitcoin (BTC) officially takes its place as the ninth largest asset globally, overtaking Meta’s … Read more
Today, major market makers executed notable transactions involving the altcoins $ENA, $FET, $MKR, and $ORBS, reflecting increased activity around these assets. Here’s a breakdown of these movements: 1. $ENA Approximately 8 hours ago, GSR Markets transferred 8.59 million ENA tokens to Binance, valued at $2.93 million USD. 2. $FET Fetch.ai’s multi-signature address moved 5 million … Read more
A recently created Gemini multisig custody wallet, identified as 0xc96, has been accumulating significant quantities of various altcoins over the past two weeks. The wallet, established just 18 days ago, shows impressive holdings, with the latest activity recorded just one day ago. The wallet’s recent withdrawals include: – 42,000 ETH, valued at approximately $103.8 million … Read more
A wave of large AAVE transactions has caught attention as several major holders, or “whales,” have been unloading significant amounts of AAVE tokens on various exchanges, suggesting a trend toward profit-taking. One dormant whale, inactive for over a year and a half, recently deposited 25,790 AAVE (worth approximately $3.38 million) to MEXC, possibly aiming to … Read more
Solana recently experienced an unprecedented spike in on-chain transfer volume, with an astounding $224 billion worth of transactions occurring within a single day—nearly triple SOL’s total market cap of $76 billion. This surge in activity appears to be largely due to an active wallet, possibly an arbitrage bot, utilizing multiple accounts. Since ramping up its … Read more
In a surprising turn, Solana-based memecoin $PNUT recently overtook stablecoin $USDT in 24-hour on-chain trading volume, highlighting its growing popularity in the Solana ecosystem. However, one high-profile whale’s heavy investments in $PNUT and other Solana-based tokens, $FRED and $OPK, have led to significant losses. Over the past three days, this whale invested 13,642 SOL (valued … Read more
Manta Network experienced a mixed third quarter in 2024, with a stark drop in DeFi Total Value Locked (TVL), which fell 95% from a peak of $684 million in March to just $36 million. Nevertheless, the $MANTA token’s market cap remains resilient at $227 million, with a fully diluted valuation (FDV) of $592 million. While … Read more