Stablecoin Frenzy: USDE Nears $6B as USD0 Rockets Past $1B in Market Supply

Over the past month, the stablecoin market has swelled over $200 billion, and two fiat-backed tokens have experienced eye-catching expansions. Ethena’s yield-generating stablecoin, USDE, has grown rapidly, now approaching 6 billion in supply. Meanwhile, Usual’s USD0 supply has crossed the 1 billion threshold. Ethena’s USDE and Usual’s USD0 Shake Up a $204B Stablecoin Market December […] Source CryptoX Portal

Bouncing Lows, Mining Woes, and Fartcoin Highs

Last week was marked by bitcoin’s resilience and worries about mining centralization. Fartcoin’s rise to an all-time high added an unexpected layer of humor. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. From Mining Centralization Worries to […] Source CryptoX Portal

Send surges 360%, dForce jumps 160%, BTC hovers $97k

The price of SEND and dForce jumped triple digits, while Bitcoin shows clear signs of struggling to reclaim $100,000. The cryptocurrency market is showing signs of recovery after the recent slump. Ethereum (ETH), which fell as low as $3,000, has managed to push above $3,400. Bitcoin (BTC) has also shown slow reversal, with prices hovering around the $97,000 level. Meanwhile, a community token on Solana (SOL) called Send (SEND) has seen its price surge by over 360%. SEND 1D Price Chart From CoinGecko The price of SEND has gone up…

Beware of dead cat bounce

Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion. Shiba Inu (SHIB) price rose by 12.6% to an intraday high of $0.00002397. Bonk (BONK), the biggest meme coin in the Solana ecosystem, rose by 20% to $0.000032. Pepe (PEPE) and other popular meme coins like Dogwifhat and Pudgy Penguins rose by over 15%.  This rebound happened after a Bitcoin (BTC) plunge from $108,200 to $97,000 triggered a big crash in most altcoins.…

Toncoin and Solana eye new all-time highs as crypto whales rush to buy Lightchain AI

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Toncoin & Solana near resistance levels, but Lightchain AI steals the spotlight at $0.003. The crypto market is buzzing as Toncoin (TON) and Solana (SOL) approach critical resistance levels, raising hopes of new all-time highs. However, the focus is shifting to a rising star Lightchain AI (LCAI). With whales accumulating this presale token priced at just $0.003, many are wondering if LCAI could overshadow the gains of TON and…

Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

This weekend, data confirms that more than 4.5 million ether (ETH) have been burned on the Ethereum network since Aug. 5, 2021, marking the implementation of Ethereum Improvement Proposal (EIP)-1559. The Great Ethereum Burn Approximately three years and four months have passed since the London hard fork was activated, and during that time, 4,523,479.74 ETH […] Source CryptoX Portal

Crypto Scam Busted—Victims One Step Closer to Justice

A South Lake Tahoe man, Daniel Chartraw, 51, faces a 12-count federal indictment for wire fraud linked to a cryptocurrency trading scheme, per U.S. Attorney Phillip A. Talbert. Arrested recently, Chartraw allegedly misled investors through his companies, Crypto-Pal LLC and TDA Global, by falsely promoting a proprietary algorithm for high returns. Instead of investing funds, […] Source CryptoX Portal