In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena’s USDe. The warning follows Ethena and USDe’s integration with Bybit, a crypto exchange allowing perpetual trading. USDe is not fiat-backed like other popular stablecoins. Instead, it is a […]
On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks. Whales Have Been Gobbling Up Stablecoin Supply Recently According to data from the on-chain analytics firm Santiment, whales have been rapidly accumulating the stablecoin supply recently. Whales here refer to investors holding […]
As the price of Bitcoin continues to rally, the digital asset has witnessed significant movements within the crypto market, recording substantial whale transactions in the past few days. Massive Bitcoin Transfer By The US Government Bitcoin whales are on the move again, as recent reports have revealed multiple massive transactions executed by the United States […]
Circle, the entity behind the prominent crypto stablecoin USDC, announced its decision to discontinue its association with the TRON blockchain yesterday. This cessation of USDC operations on TRON, effective immediately, will stop the minting of new USDC tokens on TRON, though transfers and redemptions will be facilitated until February 2025. The surprising announcement led to […]
Charles Hoskinson, the founder of Cardano, has fired back at recent criticism from community members regarding the project’s advertisement not being good enough in comparison to Solana. Cardano Can Not Advertise Like Solana The famous crypto founder shared his insights on the claims on the social media platform X (formerly Twitter). Hoskinson’s X post came […]
In a post on X, analyst Cardano Yoda believes that a USD-pegged stablecoin is crucial for ADA’s future success, suggesting that its integration could trigger a bull run sometime in 2025. A stablecoin, a token that’s “stable” since its price is pegged to a fiat currency like the USD or Euro, will ignite activity, driving decentralized finance […]
Stablecoins are poised to become the next multi-trillion-dollar market, according to a prediction by Gabor Gurbacs, an advisor to Tether, one of the leading stablecoin issuers. Gurbac’s assertion places stablecoins at a pivotal juncture in the evolution of financial markets, drawing parallels to the monumental growth of exchange-traded funds (ETFs). As the stablecoin market currently […]
Campaign for Accountability (CfA), a non-profit ethics watchdog organization, has written a letter to popular anti-crypto US senators Elizabeth Warren and Sherrod Brown, alerting them to possible links of Circle, the USD Coin (USDC) stablecoin issuer, to terrorist financing activities. Circle Compromised By Integration With TRON, CfA Says In its letter dated November 9, CfA states […]
Rumors suggesting that Ripple may be considering an initial public offering (IPO) have recently caught the interest of the crypto community. However, it appears that another crypto giant may have set its sights on a public debut in 2024. Circle IPO Report Takes Centre Stage While speculations of Ripple’s IPO lose a bit of momentum, […]
Data from Kaiko, a crypto analytics platform, now shows that a fairly new stablecoin, FDUSD, is proving tough competition for USDT, USDC, and others, looking at its rising dominance in centralized exchanges, mostly Binance. According to Kaiko, FDUSD now has a market share of 16%, more than twice that of USDC, across all centralized exchanges when […]
Amid the unfolding developments between the US Securities and Exchange Commission (SEC) and leading crypto exchange Binance, a pivotal update involving Circle, the issuer behind stablecoin USD Coin (USDC), has emerged just ahead of a hearing scheduled for October 12. The influential third-party entity has now been granted permission to weigh in on the lawsuit, […]