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In just four days, Aptos, a leading Layer-1 blockchain, is set to unlock 11.31 million APT tokens valued at approximately $60 million. This unlock, scheduled for August 12th, represents 2.4% of APT’s circulating supply. Given the recent dip in APT’s price from $7, investors are keen to understand how this event might influence the market. … Read more
Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the XRP Ledger and Ethereum mainnets. The stablecoin is currently not available for public trading as it awaits regulatory approval. Ripple’s USD-Backed Stablecoin Enters Beta Phase Ripple usd or RLUSD, designed to maintain a 1:1 value … Read more
The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action … Read more
Yield-bearing stablecoins are gaining traction, with the modular DPoS network Elixir recently introducing a new stablecoin, DEUSD, that offers holders the opportunity to earn returns from the crypto asset. Since Aug. 7, DEUSD’s market value has grown from $952,443 to $115.92 million. Yield-Bearing Stablecoins Continue to Rise In the midst of the rising popularity of … Read more
Despite bitcoin dipping more than 14% over the past week, insights from cryptoquant.com and the company’s founder and CEO, Ki Young Ju, reveal an intriguing trend: a large volume of bitcoin has been transferred to long-term holder addresses over the last 30 days. These recent statistics suggest that some investors are seizing the current price … Read more
According to prediction market Polymarket, former President Donald Trump and current Vice President Kamala Harris are now evenly matched in the 2024 election race. Initially, Trump led Harris following the announcement by President Joe Biden that he would not seek re-election in November. 2024 Election Odds: Trump and Harris Locked in Dead Heat As of … Read more
Over the last three days, Smart DEX Traders have engaged in profit-taking, but the general trend shows continuous accumulation of $NEIRO. Notably, significant entities such as Whales and Smart Money are still actively accumulating $NEIRO, with a notable 30% increase in the past 24 hours. Whale Wallet Accumulates More $NEIRO Token After Hitting Some Notable … Read more
Ethereum’s price has surged by 23.7% over the past 36 hours, bouncing back from a low of $2,188. This impressive rebound follows significant trading activity, including a notable withdrawal by Justin Sun. #Ethereum’s price rebounded 23.7% in 36 hours after hitting $2,188. How long will it take $ETH to rally back to $3,200? pic.twitter.com/U6Ay5PbsxI — … Read more
During the recent Bitcoin price dip, wallets holding between 1,000 and 10,000 BTC displayed notable confidence, consistently increasing their holdings as the market declined. In contrast, wallets with less than 1 BTC exhibited a lack of conviction, experiencing the most significant reduction in holdings during yesterday’s downturn. Wallets holding between 1,000 and 10,000 BTC demonstrated … Read more
Yesterday’s turbulent market conditions led to a staggering $350 million in Ethereum DeFi protocol liquidations, marking a record high. Of this total, approximately $20 million was siphoned off by MEV (Miner Extractable Value) robots. In response to these challenges, API3’s Oracle Extractable Value (OEV) network presents a promising solution. The OEV solution enables lending protocols … Read more