Tron has grown to become the second largest blockchain in stablecoin market share, behind Ethereum. According to data from Coin Metrics Network, Tron’s stablecoin supply is now $61.1 billion, accounting for 37.9% of the total stablecoin market share, which is currently at $161.1 billion. This is a significant increase from the $46.6 billion supply a year ago. Tron lags behind the Ethereum network, which accounts for 55.7% of the total stablecoin market supply, at $89.7 billion. Stablecoin supply by network. Source: Coin Metrics NetworkThe increase in Tron’s stablecoin supply is consistent with its previous volume growth, which has increased by…
Author: Crypto Flexs
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Self-custody wallet company Exodus Movement reported second-quarter revenues of $22.3 million, up 80% year-over-year. However, the company’s cost of sales also increased, and its quarterly loss was nearly $10 million, compared to a profit of $1.9 million in the same quarter a year ago.“Our strong second quarter results reflect our leadership in product innovation and the overall growth of the digital asset market,” JP Richardson, Exodus CEO and co-founder, said in a statement.The company, which has been in business for nearly a decade, launched one of the first digital wallets for Bitcoin. Since then, it has expanded to over 50…
Wang Long Chai 16 Aug 2024 17:51 Gala Games has unveiled a new tank body, the ‘Trax’, featuring high energy gain and a unique directional drive system for the Spider Tank. The latest addition to Gala Games’ popular game Spider Tanks is a tank body called ‘Tracks.’ According to Gala News, this new tank body is set to revolutionize gameplay with its high energy gain and unique directional drive system. Track release Tracks is a retro-style tank body that abandons traditional legs and adopts a more traditional tank drive system. The design, reminiscent of…
Sygnum suggests investor demand for Solana ETF will be low. Solana’s Grayscale Trust has low inflows. BlackRock has no plans for a Solana ETF. Exchange Traded Funds (ETFs) have been widely anticipated in the cryptocurrency space, with many predicting that they will have a positive impact on the market. This is because, unlike traditional cryptocurrency investments, ETFs provide a regulated way for institutions to invest in cryptocurrencies. For this reason, after the approval of spot Bitcoin and Ethereum ETFs, Solana traders are hoping that SOL will be next. However, things are not looking good as other institutions are expressing skepticism.…
Four times a year, institutional investment managers with more than $100 million in assets under management file a 13F report with the Securities and Exchange Commission. The report, which must be filed within 45 days of the end of each quarter, shows the manager’s stock holdings but does not disclose short positions.13Fs can be a way to get a glimpse into how the biggest portfolios and most influential fund managers are operating in the market. In May, Bitwise CIO Matt Hougan said that the spot Bitcoin ETF allocations disclosed in 13Fs (the first quarter in which the ETFs are eligible)…
Peter Zhang 16 Aug 2024 18:29 BitMEX launched BANANAUSDT perpetual swaps, allowing traders to leverage up to 10x. Trading began on August 16, 2024. BitMEX officially announces the listing of BANANAUSDT perpetual swaps, giving traders the opportunity to leverage up to 10x. According to the BitMEX blog, trading for this new derivative product opened on August 16, 2024 at 04:00 UTC. BANANAUSDT Listing Details BANANAUSDT Perpetual Swap is designed to meet the growing demand for a variety of trading options within the cryptocurrency markets. Traders can now participate in this new listing with leverage…
A widely known cryptocurrency strategist and trader believes that a low-cost layer-1 altcoin project could be gearing up for a massive rally. Anonymous analyst The Crypto Dog told his 810,000 followers on social media platform X that Saga (SAGA) could break out of a downtrend line on the 3-day chart. “Old SAGA. Looks like it’s ready to start its first uptrend.” Source: The Crypto Dog/X Blockchain project Saga aims to enable developers to launch interoperable application-specific chains called “Chainlets”. At the time of writing, Saga is trading at $1.45, down 10% over the last 24 hours. The analyst then suggested…
This column was co-written by Frank Chaparro, Special Projects Director at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not necessarily reflect those of their employers.If you’re anything like me, you’ll probably look back on the fun times of DeFi Summer 2020 with sweet nostalgia.Our industry was still in its infancy and was not hit by the FTX crash and the broader credit crisis that followed.It was an era of experimentation. Tokens were popping up left and right, “degens” were generating revenue, and developers were tweaking new token economic…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Jinnan the cat price jumped in As investors sold off the meme coin, it rose more than 6% over the past 24 hours to trade at $0.000004698 as of 7:20 AM ET. The recent losses have brought GINNAN’s price down more than 39% on a weekly basis. Ginna The Cat price tries to break out of the downtrend channel GINNAN/USD 4-hour chart (Source: Gecko Terminal) that Jinnan the Cat The price has entered a period of sideways trading as the meme coin attempts…
Lawrence Jengar 16 Aug 2024 16:40 Binance Futures introduces three promotions offering a 30,000 USDC prize pool that provides loss protection for new traders and rewards for trading volume. Binance Futures has unveiled three new promotions aimed at rewarding its user community, with a total prize pool of 30,000 USDC in token vouchers. According to Binance, the promotions will run from August 16, 2024 to August 25, 2024.Promotion DetailsNew Binance Futures users who register and make their first futures trade during the promotion period will be eligible for loss protection if they reach a…