PayPal’s U.S. dollar-pegged stablecoin, PYUSD, has seen significant expansion since its inception, with its supply on Solana now exceeding that on Ethereum. In August 2023, PYUSD launched on Ethereum in partnership with custodian Paxos, and its initial supply grew to $230 million by the end of the year. Due to
Prominent blockchain Cardano’s address count with a balance has remained around 4.45 million for over a year, indicating stability but also highlighting challenges in attracting new users. During the last cycle, Cardano positioned itself as a strong alternative to Ethereum, experiencing significant growth. However, in the current cycle, platforms like
As Bitcoin (BTC) faces a notable dip, the Solana-based memecoin Dogwifhat (WIF) has recorded significant volatility with a double-digit loss. In the last 24 hours, WIF displayed a sharp decline of over 13.3%, reflecting the broader impact of Bitcoin’s downturn on the memecoin market. The memecoin, which fell to $1.09
Gate.io CEO Dr. Han Lin delivered an insightful presentation at the Asia Blockchain Summit 2024, focusing on the evolution of the cryptocurrency industry. Dr. Han explored the current state of the crypto sector, emphasizing that while the industry’s growth has been impressive, there remains substantial potential for further expansion. The
Leading on-chain analyst, CryptoQuant’s author ‘binhdangg’ observed that 60% of the top 50 cryptocurrencies have lost their 2024 gains. Amid increasing liquations, leading tokens have shown significant price declines. Meanwhile, dog-themed meme coin Shiba Inu has exhibited notable price hikes in the last 24 hours. According to CMC data, the
The cryptocurrency market is currently experiencing a bearish phase, with the global crypto market cap dropping by 3.17%. Despite this, trading volume has increased by 21%. Bitcoin has hit a 13-day low of $63,573.63, declining by 3% in the past 24 hours. This downturn has affected altcoins, which have fallen
In a remarkable demonstration of community driven enthusiasm and trust, $BLOOD has successfully raised $300,000 In just 4 hours during its pre-sale launch, which was officially started on July 28th, 2024. This impressive achievement was realized with minimal marketing, relying primarily on organic growth and genuine community support. Setting A
As the global cryptocurrency market continues to evolve, recent developments have sparked optimism in the crypto market. Bitcoin (BTC) has bounced and maintained its position above $66,000 despite the ripple effects of the Mt. Gox Bitcoin selloff. Meanwhile, broader market sentiment has turned positive with the anticipated resolution of the
The crypto market is recovering from its lows, as most of the tokens are priced in green. Notably, the fear and greed index stays at 63, indicating greed in the market. Sooner or later, traders are anticipating a potential bull run. In the past 24 hours, the global crypto market
The goal of Donald Trump’s administration is to establish the US as the global leader in cryptocurrency. During his inspiring address at the Bitcoin 2024 conference in Nashville, Tennessee on July 27, the former president made these and other promises. Cryptocurrency proponents, meanwhile, may have been confused by the Republican
