New regulations in Europe regarding digital assets and a jump in market inflows caused Circle’s stablecoin trading volume to skyrocket in July. As of July 25, the market cap of USD Coin (USDC) increased 5.4% to $33.6 billion. While the trading volume for USDC pairings on centralized exchanges hit $135
August 1, 2024 2 mins read
The report for the second quarter (Q2) of this year has been issued by Tether Holdings Ltd, the issuer of USDT stablecoin. The company claimed a substantial increase in its earnings base in addition to retaining its quarterly supremacy. The USDT issuer announced a significant profit of $5.2 billion for
August 1, 2024 2 mins read
Republic, a pioneer in Web3 advisory and investment services globally, and Immutable have announced a strategic alliance to provide gaming studios using Immutable with comprehensive assistance. The goal of this partnership is to improve player engagement, retention, and monetization by offering white glove services for designing long-term economic systems that reward the proper
July 30, 2024 2 mins read
The TON ecosystem’s idle game “Banana” attracted one million players in less than 72 hours. Banana touts itself as a driver for the widespread adoption of Web3 gaming along with increased user acquisition inside the TON ecosystem, having activated some of the largest TON players. The game, which has gained
July 30, 2024 2 mins read
More than 28 percent of Ethereum (ETH) has been staked, marking a significant milestone. Glassnode and Cryptoquant.com reports that 28% of the entire ETH is now staked. There is a scarcity signalling around 10% of Ethereum volume on crypto exchanges. According to Leon Waidmann, Head of Research at the non-profit
July 29, 2024 2 mins read
Following its acquisition of FTX Japan, BitfFlyer Holdings intends to introduce possible crypto-based ETFs. After completing the purchase of all outstanding shares of FTX Japan, BitFlyer now owns 100% of the company. According to a tweet by bitFlyer Holdings CEO Yuzo Kano on July 26th, the new company intends to
July 26, 2024 2 mins read
Adding Spot Bitcoin ETFs to its pension funds, the state of Michigan has taken a daring step in the crypto market. The state spent around $6.6 million for 110,000 shares of the ARK 21Shares Bitcoin ETF (ARKB), according to a recent SEC filing. The increasing demand for Bitcoin and its
July 26, 2024 1 min read
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, revealed today that it has risen to second place in the derivatives market, according to the most recent CoinMarketCap data, cementing its position as the world’s second-largest crypto exchange by trading volume. This noteworthy accomplishment highlights Bybit’s dedication to provide its
July 26, 2024 2 mins read
Speculation over a possible Cardano exchange-traded fund (ETF) is now circulating among the Cardano (ADA) community. Speculation began with a recent X post by Tap Tools, a tool on the Cardano blockchain that tracks tokens, NFTs, and wallets. With a graphic of a checklist, the tweet mentioned, “Is ADA ETF
July 25, 2024 1 min read
Vitalik Buterin, co-founder of Ethereum, has unveiled Circle STARKs, a new cryptographic protocol that aims to enhance the efficiency and security of blockchain. Buterin describes this technical advancement in his most recent post, explaining that it makes use of smaller fields like Mersenne31 to greatly increase the proving speed without
July 23, 2024 2 mins read