For the first time in 15 weeks, digital asset investment products saw net weekly outflows $223 million. The week started on a high note as $883 million poured in. Momentum, however, reversed sharply following the FOMC’s hawkish stance and strong US economic data. Despite Friday’s weaker payroll numbers hinting at a more dovish Fed approach, […]
Ethena’s synthetic dollar stablecoin, USDe, has seen impressive market growth in recent weeks. Its market cap now stands at $9.3 billion. Over the past month alone, it increased by 75%, with a weekly jump of 24%. USDe Growth Signals Strong Investor Appetite Since July 18, yield-bearing stablecoin USDe has recorded the largest rise in supply […]
One of the leaders in the liquid staking scene has undergone a cutback in its workforce necessary to fuel further development. It is unusual for such events to occur when the markets are booming, but it is sometimes inevitable. Toning Down for Sustainability One of the co-founders of the Ethereum staking protocol, Lido, Vasiliy Shapovalov, shared […]
Blockchain analytics firm Arkham has revealed that a previously unknown hack of Chinese mining pool LuBian in December 2020 resulted in the theft of 127,426 BTC worth around $3.5 billion at the time. This makes it the largest crypto theft in history, Arkham stated, and the haul today would be worth a whopping $14.5 billion. […]
Ethereum and Solana are the key players for derivatives, while Ondo Finance continues to make waves in the RWA space. Stablecoin movements are signalling a continuation of the current rally. Shuffling of Assets Bybit, the world’s second-largest exchange by trading volume, has released its latest Smart Money Report, which focuses on analyzing institutions and influential […]
Now, what that means is that the total amount of circulating stablecoins of these eight denominations (e.g., USDT) was collectively worth approximately $245 billion US dollars, according to CoinMarketCap data as of the time of this writing. Stablecoins Compared To US Dollar Base Supply Stablecoins are already a significant part of the financial economy in […]
White-collar crime surrounding cryptocurrencies was rampant in the early days of the industry. Still, the law is continuing to crack down on those who took advantage of the lack of regulation available at the time. What was touted as innovation turned out to be a scheme used to fund a person’s lavish lifestyle. Justice Served […]
Positivity in the crypto markets remains strong despite the most recent turmoil on the charts. This is especially true for ETH’s community, as the altcoin has seen more than 35% added to its price over the past 30 days. But who are the biggest players making the Ethereum trade and driving ETH prices ever higher? […]
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have decided to plead guilty to charges related to their mixer service. The pair had previously denied guilt in April 2024 and had made several attempts to have their lawsuit dropped. Pleas Changed on Wednesday According to court documents shared earlier in the week, the executives agreed […]
Crimes involving cryptocurrency are worryingly on the rise, becoming ever more aggressive and, as in this case, quite shocking. Regardless of whether alleged or not, this is the harsh reality we are currently facing in this day and age. Pleading Not Guilty According to a story from Fox News, two culprits are accused of torturing […]