Posted 1 minute ago In ~ The total supply of stablecoins pegged to the U.S. dollar appears to be trending toward previous all-time highs as new token issuances intensify competition. By the end of last week, the total supply of USD-pegged stablecoins reached $165 billion, the highest level for the token in nearly two years, according to The Block Data Dashboard. The expansion in stablecoin supply has been boosted by the rise in the market capitalization of Ethena’s “synthetic dollar”, or USDe, stablecoin, which has hovered around $2.4 billion in recent days.When the overall stablecoin market hit $165 billion last…
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that much cryptocurrency market The second-largest cryptocurrency token by market capitalization has recently suffered from increased volatility. Ethereum (ETH), is not exempt. This makes it more difficult to determine Ethereum’s future trajectory. However, certain indicators indicate which direction the ETH price could head when this volatility subsides. Ethereum investors are optimistic data Coinglass shows you the most Ethereum Investors and traders remain optimistic about cryptocurrency tokens despite recent fluctuating prices. Notably, most of these traders have continued to open long positions in Ethereum, meaning they are betting that it will experience significant upside in the long term. Bullish sentiments about…
Geoff Kendrick, head of digital assets research at Standard Chartered, remains bullish on Bitcoin and his company has set a year-end price target of $150,000. “The price of Bitcoin could still more than double this year,” Kendrick said, according to Business Insider. Kendrick pointed out at BNN Bloomberg that Bitcoin (BTC) has recently faced a downturn, down 11% from its March high of around $73,000. He noted that “the decline is primarily due to slowing inflows into Bitcoin ETFs and heightened tensions in the Middle East,” which temporarily darkened markets. Despite these challenges, Kendrick remains confident in the market’s ability…
Cryptocurrency markets operate continuously and trade 24 hours a day, every day. In a similar vein, reports have emerged that the New York Stock Exchange (NYSE) is exploring the possibility of moving to 24/7 operation. NYSE’s data team surveyed investors and found (…)
Grand Cayman, Cayman Islands, April 22, 2024, Chainwire Alibaba Cloud, AngelHack, and dWallet are among the latest sponsors of the global event. Sui, a layer 1 blockchain with industry-leading performance and infinite horizontal scaling, has received funding for Sui Overflow, the first global virtual hackathon focused on building exciting products on Sui. This has doubled in recent weeks as passionate supporters donate funds. Initially set at $500,000, after receiving significant support from external backers, Sui Overflow’s funding pool swelled to $1,000,000. A sizable reward pool encourages builders from around the world to build their projects on the Sui Network and…
NFT marketplace Magic Eden has launched a new platform. bitcoin BTC +2.57% Rune on Monday. Magic Eden’s rune platform (beta) allows users to exchange BTC and purchase runes and ordinal numbers with their Magic Eden wallet. According to Magic Eden’s release, the platform will also feature a Swaps View, allowing users to set a specific BTC amount they would like to spend when purchasing runes. Magic Eden was initially scheduled to launch a product; April 23The Magic Eden Rune platform was completed ahead of schedule, a company spokesperson told The Block. “As an early supporter and the first to build…
London, UK, October 22 – The Ethereum Foundation is pleased to announce the keynote speakers for the Ethereum Annual Conference. DΞVCON1, Nick Szabo. Nick’s keynote will focus on the history of blockchain, smart contracts, and blockchain assets. Nick is a computer scientist, legal scholar, and cryptographer known for his research on digital contracts and digital currencies. The phrase and concept of “smart contracts” was developed by Szabo with the intention of merging contract law into the programming protocols of the Internet. Recently, Szabo contrasted Ethereum’s use of smart contracts with the Bitcoin blockchain, saying, “If you want a universal programming…
join us telegram A channel to stay up to date on breaking news coverage Bitcoin price rose 2% in the last 24 hours. Deal for $65,994 As of 3:10 a.m. EST, trading volume was up 12% to $24.8 billion. This is because Bitcoin transaction fees plummeted after reaching an all-time high of $128 on April 20. As of yesterday, the average fee for a medium priority Bitcoin transaction had fallen to $10. The introduction of the Runes protocol to the Bitcoin network on the day of the halving initially led to a sharp rise in transaction fees, but this quickly…
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Trading volume has long been the primary metric cited by analysts, media experts, and collectors to rank cryptocurrency exchanges. Trading volume provides a high-level overview of market activity, but it can be falsified to give the impression that there is more legitimate trading activity in the market than there actually is. Exchanges may simply print trades that do not exist or allow customers to engage in wash trading (placing buy and sell orders of the same size, same price that immediately cancel each other, creating additional exchange volume that adds no additional volume). It can be encouraged. actual liquidity). Volume…