As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric Rise Tether (USDT), the top fiat-linked digital […] Source CryptoX Portal
Dogecoin recently jumped to the $0.2 level for the first time since November 2021 amidst a month of exceptional bullish price action. Notably, DOGE is currently up by 128% this month and 97% in the past seven days, giving DOGE holders something to be happy about. According to a crypto analyst, this price surge is expected to continue and go parabolic to the $1 mark in this market cycle. Dogecoin Set To Perform Exceptionally Well Current market dynamics and bullish sentiment have seen DOGE shooting up in market capitalization after…
Astar, a blockchain network prominent in the Japanese Web3 community, said that its Astar zkEVM will be the first network to fully integrate into Polygon’s new AggLayer, a solution that connects blockchains with zero-knowledge proofs to other networks in Polygon’s ecosystem, to provide unified liquidity. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As BTC and ETH hit new highs, KLXO presale shines, promising a new approach in P2P lending amidst a buoyant crypto market. As Bitcoin (BTC) and Ethereum (ETH) continue their upward trajectory, the cryptocurrency market is witnessing an unprecedented surge, setting new highs in 2024. Bitcoin has climbed above $66,000, showcasing a remarkable increase in its monthly price of 55.73%. Despite facing rejection and retracement after reaching $64,000, Bitcoin…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin is close to reaching an all-time high, trading just below $69k, amid mixed analyst sentiments and the launch of a new project. Bitcoin is on the brink of setting a new all-time high, with its price currently at $68.3K, a mere 0.83% shy of its record peak. The cryptocurrency has seen a significant increase, rising over 7% in the past day, raising anticipation of surpassing the previous $69K…
The long list of primary elections Tuesday across 15 U.S. states will steer the fates of many seats in Congress and further solidifies the presidential showdown later this year, but Coinbase CEO Brian Armstrong said it’s also a “chance to send a message” to federal politicians who’ve declined to come up with crypto policies. Source
The Fantom (FTM) Foundation has taken decisive steps to recover assets lost in the Multichain exploit that devastated various chains, including its own, resulting in a staggering $210 million loss. After failed attempts to engage with the Multichain Foundation, the Protocol has announced that it filed a lawsuit for “breach of contract” and “fraudulent misrepresentations.” Fantom Foundation Takes Legal Action Against Multichain The exploit, which occurred in July 2023, targeted the Multichain bridge and affected multiple chains, including Fantom, Ethereum (ETH), Binance’s BNB, Cronos (CRO), Polygon (MATIC), Arbitrum (ARB), zkSync,…
The ten ETFs topped $10 billion in trading volume during the session, breaking last week’s daily record, according to Bloomberg data compiled by Eric Balchunas, ETF analyst at Bloomberg Intelligence. BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB and ARKB, co-managed by Ark Invest and 21Shares, all broke their personal volume records, Balchunas noted. Source CryptoX Portal
Investor sentiment in Bitcoin ETFs reflects a growing preference for the crypto over traditional gold despite both reaching unprecedented price levels. Bitcoin and gold are often seen as protective measures against inflation and valuable assets, but this year has marked a notable divergence in investor behavior. Recent data reveals gold ETFs experienced withdrawals totaling approximately $4.6 billion. Conversely, Bitcoin ETFs approved by the SEC on Jan. 11 witnessed $8 billion in net investments, marking a record debut for the financial instruments. There is no second best! #Bitcoin absolutely demolishing gold…
Osprey Bitcoin Trust, a Delaware statutory trust, has acknowledged that its units are trading at a discount to Bitcoin’s value. The trust’s sponsor, Osprey Funds, LLC, is exploring strategic options to enhance unitholder value, including a potential sale or merger with a Bitcoin ETF. If unsuccessful, the sponsor plans to liquidate the trust within 180 days. Additionally, the trust intends to terminate the registration of its units under the Securities Exchange Act of 1934 by filing a Form 15 with the SEC. This will suspend its obligation to file specific…