Stablecoin market cap has increased for the 11th straight month, reaching an all-time high of $168 billion.According to DefiLlama data, the total stablecoin market cap has reached an all-time high, with the last peak being in March 2022. Crypto analysts say the market cap increase could be the result of new money flowing into the market. Source: DefiLlamaThis data excludes algorithmic stablecoins, which are not pegged to external assets such as fiat currencies or gold, but instead maintain their value through algorithmic mechanisms.The market hit an all-time high of $167 billion in March 2022, but then plummeted, falling to $135…
Author: Crypto Flexs
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According to DefiLlama data, the total stablecoin market cap, excluding algorithmic stablecoins, hit an all-time high over the weekend. The market cap of stablecoins expanded 0.8% last week to $168.1 billion, surpassing the previous high of around $167 billion set in March 2022.Market cap began to decline over the next few months after its March 2022 peak, hitting a low of around $122 billion in October. According to DefiLlama data, stablecoin market cap has continued to grow since early 2024.Rachel Lucas, a crypto analyst at BTCMarkets, told The Block that the rising stablecoin market cap could indicate that cryptocurrencies are…
index New investment opportunities are launched every day, and eager investors are waiting for the next big thing. Husky Inu ($HINU) is a new Solana-based mimecoin opportunity with incredible growth potential. Memecoins continues to surprise us with their huge growth potential and new and innovative projects coming to the market every day. Husky Inu ($HINU) is the newest project in the Solana ecosystem and is competing fiercely to become the next big thing. Husky Inu ($HINU) Ready for Greatness Husky Inu ($HINU) is a new Mimecoin project in the Solana ecosystem. Nicknamed Shiba Inu’s new best friend ($SHIB), this token…
Louisa Crawford 26 Aug 2024 09:55 The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent websites and social media accounts impersonating Airstar Bank Limited. The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites and social media accounts impersonating Airstar Bank Limited. According to the HKMA, these fraudulent platforms have been reported and are under investigation. Details of the scam The fraudulent website and social media accounts have been reported to the HKMA, which is now warning the public to be vigilant. Airstar Bank Limited has also…
Toncoin (TON) fell more than 20% on Sunday. The incident comes after Telegram CEO Pavel Durov was arrested in France. The Open Network called for calm and solidarity in response to the arrests. The price of TON (TON) plunged more than 20% on Sunday following reports that Telegram founder and CEO Pavel Durov was arrested in France. TON is the native cryptocurrency of The Open Network, which was initially developed by Telegram before it was abandoned after losing an initial legal battle with the U.S. Securities and Exchange Commission (SEC) in 2020. Today’s development highlights the close relationship between the…
Bitcoin (BTC) is targeting $65,000 as the August monthly close approaches with a welcome recovery.The largest cryptocurrency has seen incredible strength over the past week, and traders are hoping the positive trend continues.Excluding the weekend’s sideways move, BTC/USD is solidly in an uptrend, up a whopping 40% from its low of $45,500 this month.Therefore, the upcoming monthly candle close is expected to provide an interesting trading environment as expectations grow that the pair will break out of the consolidation phase that has lasted for almost half a year.Could Bitcoin Finally Reach All-Time Highs Again?So far this month, BTC/USD has almost…
Crypto-AI startups are having a heyday. This year, some of the biggest fundraising in the crypto space has been led by ventures with strong AI connections. These startups are raking in mega-rounds, and some are still in the early stages but have reached multi-billion dollar valuations.Take PIP Labs, for example. They’re the brains behind Story Protocol, a layer 1 blockchain designed to tokenize intellectual property, ensuring original creators are rewarded in the age of AI. They recently raised an impressive $2.25 billion in an $80 million Series B round led by a16z cryptocurrency. Then there’s Sahara Labs, a crypto AI…
A decentralized finance (DeFi) platform based on the smart contract platform Solana (SOL) is drafting a proposal to reach an agreement with the U.S. Securities and Exchange Commission (SEC). Mango Markets (MNGO), a decentralized autonomous organization (DAO), has voted to settle with the SEC in a new community proposal despite the regulator not formally charging the decentralized exchange (DEX) protocol with any criminal charges. However, the SEC and other federal agencies began investigating Mango Markets after cryptocurrency trader Abraham Eisenberg exploited the protocol to make $110 million in 2022. According to Mango DAO, the SEC has accused the company of…
Jessie A Ellis 26 Aug 2024 07:15 Binance Square expands its ‘Write to Earn’ promotion, allowing creators to earn up to 30% commission on trading fees by publishing content. A new reward structure has been announced. Binance Square has announced the extension and enhancement of the ‘Write to Earn’ promotion, according to an official announcement from Binance. Through this promotion, eligible creators can earn up to 30% trading fee commission by posting eligible content on the platform. eligibility To participate, creators must complete account verification and set up a profile on Binance Square, including…
Regulations • August 26, 2024 2:23 AM EDT Posted 1 minute earlier ~ in Thai police and electricity authorities announced on Sunday that they had raided an illegal Bitcoin mine in a local village after receiving reports of frequent power outages in the area over the past few weeks.(AFFE) Reported A house in Ratchaburi province, west of Bangkok in central Thailand, has been raided by local power officials and local police, officials said.Jamnong Chanwong, the local security chief, said the blackout began in mid-July, probably when the mine was fully operational. Thai authorities said the mine operator paid little in…