Circle’s USDC Overtakes Tether USDT In Transaction Volume: Visa
USDC has surpassed USDT in transaction volume with $456 billion, marking a pivotal shift in the stablecoin market, as evidenced by recent data validated by Visa and Allium Labs.
Markets
Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
Arbitrum Price Jumps 5% As Whale Heavily Bags ARB, What’s Next?
On May 18, Arbitrum (ARB) experienced a notable 5% price increase following a significant purchase by a whale, acquiring over 4 million ARB from Binance. This action boosted ARB’s market activity, signaling a positive outlook for its future.
US Leads Global Bitcoin ETF Inflow Of $10B In Q1
In a landmark move, 937 institutional investors worldwide have invested over $10 billion in U.S. Spot Bitcoin ETFs, highlighting a historic shift towards the mainstream acceptance of digital assets.
Vitalik Buterin, Founders Fund Back Polymarket in $45 Million Funding Round
Polymarket raises $45 million in a Series B funding, led by Founders Fund and Ethereum’s Vitalik Buterin, boosting its total capital to nearly $75 million and showcasing its potential in the prediction market space.
Dogecoin Whale Offloads 120M Coins To Robinhood, DOGE Price At Risk?
A Dogecoin whale transferred 120 million DOGE, worth $18.55 million, to Robinhood, making a significant profit from buying at $0.13 and selling at $0.15, showcasing the volatile yet profitable nature of meme cryptocurrencies.
MakerDAO Eyes $600M DAI Investment in USDe and sUSDe
MakerDAO is investing $600 million in DAI into USDe and sUSDe via Morpho Labs’ DeFi lending protocol, marking a significant strategic move to enhance its cryptocurrency lending market presence and manage liquidity and risk.
Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end
Coinbase anticipates a 30% to 40% chance of SEC approval for spot Ethereum ETFs by May 2024, a move that could significantly impact Ethereum’s market stability and investor access, echoing the successful approval of spot Bitcoin ETFs.
Meme coins market cap hits $58b
The meme coin market cap surged to $58 billion, an 8% increase, led by Dogecoin with a $22.4 billion cap. Highlighting the market’s potential, an unknown trader transformed a $3,000 investment into over $46 million through PEPE tokens, showcasing the explosive returns meme coins can offer.
WIF price analysis and overview
Launched in late 2023, the meme-based cryptocurrency dogwifhat (WIF) saw its value skyrocket from an initial $0.000013 to an all-time high of $3.80 by March 31, 2023, achieving a market capitalization of approximately $2.7 billion on the Solana blockchain.
Navigating market trends with Solana, Ethereum, and Borroe Finance
Borroe Finance emerges as a beacon in the defi sector, boasting a 150% return for early adopters, and distinguishes itself with an AI-driven NFT funding marketplace, promising not just high returns but governance rights and reduced fees for its users.
XRP Whale Moves 151M Coins As Price Rebounds To $0.51, What’s Next?
On May 16, XRP saw a notable price rebound to $0.51 as whales moved 151 million XRP, marking significant market activity amid mixed sentiments and a 3.97% price surge in 24 hours.
Wallet drainer service Pink Drainer to wind down operations
The Pink Drainer service, known for exploiting users through phishing and linked to over $75 million in thefts, announced plans to shut down after reaching its goals, marking a significant moment in combating online financial crimes.
BlackRock, Fidelity, Bitwise Bitcoin ETF Grab $205M From New York RIA
Pine Ridge Advisers has allocated $205 million to Spot Bitcoin ETFs by BlackRock, Fidelity, and Bitwise, representing 23% of its total assets under management, signaling a substantial shift towards cryptocurrency investment.
NYC Firm Becomes Top Holder In BlackRock, Fidelity, Bitwise, GBTC Bitcoin ETF
Boothbay Fund Management has emerged as the largest investor in major Bitcoin ETFs, pouring over $377 million into vehicles like BlackRock iShares, Fidelity Wise Origin, and Bitwise, with a standout $149.80 million investment in IBIT.