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A Bloomberg analysis found that cryptocurrency and stock markets have shown a high correlation after the latest set of Federal Reserve interest rate cuts. According to analysts, this related movement would be the result of the macroeconomic variables taking control of the markets and should continue in the near term. Not Uncorrelated: Stocks and Cryptocurrency … Read more
Citrea has launched its public testnet, creating a solution to allow Ethereum Virtual Machine (EVM) developers to access Bitcoin’s blockspace. The team believes this is testnet marks a significant step toward using Bitcoin as a settlement layer for decentralized applications (apps). Citrea Launches Testnet to Bring Decentralized Finance to Bitcoin Citrea‘s testnet is live on … Read more
BA Labs, an adviser to Sky, formerly known as Makerdao, has decided to stop recommending any additional parameter changes regarding the offboarding of wrapped bitcoin (WBTC) collateral. The move follows statements from Bitgo’s CEO Mike Belshe and a vote from Sky community members. Sky Adviser BA Labs Recommends Pausing WBTC Offboarding Changes BA Labs’ decision … Read more
A bearish flag pattern has emerged on the $ILV/USDT 4-hour chart, signaling potential downward pressure. On-chain data reveals that the wallet luggis.eth recently withdrew 70,764 $ILV (worth approximately $2.86 million) from Illuvium. Shortly after, 40,000 $ILV ($1.54 million) were sold just 45 minutes ago, triggering a sharp 7.8% drop in the token’s price. luggis.eth withdrew … Read more
In a remarkable move, a whale has lent a staggering $29.07 million worth of $BNB through Venus to engage in the latest Binance Launchpool initiative. Just seven hours ago, this whale withdrew 336 $BTCB from Binance and borrowed 49,001 $BNB, subsequently depositing the entire amount back into Binance for the purpose of participating in new … Read more
Tether’s USDT has just reached an all-time high, with its market cap soaring to a staggering $119.14 billion. This milestone solidifies USDT’s position as the leading stablecoin in the cryptocurrency market, inching closer to the $120 billion mark. $USD Tether’s market cap has reached a new peak in market value, nearing $120 billion. Tether has … Read more
Crypto magnate Arthur Hayes, known for his influential market moves, is transitioning his investments from $PENDLE to $ATH. Over the past three days, Hayes deposited 1.595 million $PENDLE, valued at approximately $5.61 million, into Binance and Bybit. Shortly after, he withdrew 16.478 million $ATH, worth around $1.02 million, from OKX, Bybit, and KuCoin through his … Read more
The TON blockchain is ushering in a new era of digital ownership by seamlessly integrating cryptocurrency functionality into Telegram. This groundbreaking approach is set to make crypto more accessible to billions of users, simplifying how they interact with digital assets. 📊Weekly Report Highlights #gateventures1) @ton_blockchain saw a significant 3,435% increase in daily active addresses in … Read more
From September 30 to October 6, 2024, over $568 million in token unlocks are scheduled, which could significantly impact market dynamics. Some of the most anticipated unlocks include major projects like: – $SUI: $108.68 million – $SOL: $75.90 million – $WLD: $58.07 million – $IMX: $54.88 million – $ZETA: $34.78 million The upcoming unlocks will … Read more
The value of tokenized real-world assets (RWAs), including stablecoins, has already surpassed $175 billion across public blockchains. These tokenized assets span various categories, such as U.S. Treasuries, global bonds, private credit, commodities, and stocks. The current total value of Tokenized Real World Assets (Stablecoins included) distributed across the public blockchains landscape are estimated to be … Read more