The stablecoin initiative USDe by Ethena Labs has seen notable adoption, with its market cap surging by over 40% in the last week and by 400% in the last month, reaching $840 million. Following the setback of the Terra ecosystem’s downfall, concerns have been raised within the community about the launch of USDe. However, Arthur Hayes is optimistic, seeing Ethena as the leading contender in the crypto space to deliver a synthetic USD based on a public blockchain. USDe is not...
Read More »Is the Bitcoin Rally Cooling Down in the Short Term? Altcoin Seasons Starts Brewing (Analysis)
On March 8, on-chain analytics provider Santiment reported that despite the incredible milestone for Bitcoin, “there is a combined sense of exhaustion and altcoin distraction coming from the trading community right now.” BTC prices briefly topped $70,000 on Coinbase on Friday marking a new all-time high for the digital asset. However, it sharply retreated from this level for the second time in a week, falling to around $68,000 a few hours later. Bitcoin Fervor Fading? So far,...
Read More »Bitcoin Stopped at $70K, FLOKI Skyrockets 111% Weekly and Nears Top 50 (Weekend Watch)
Bitcoin’s price stood still for several days, but the asset went on the offensive yesterday, broke above $70,000 for the first time ever, and was violently rejected minutes later. Several altcoins, led by Worldcoin and FLOKI, have produced massive gains over the past day. BTC’s Rollercoaster CryptoPotato reported BTC’s notable run as of late, which culminated this week by charting a new all-time high two consecutive times. At first, Bitcoin shot above $69,000 on Tuesday after...
Read More »Important Binance Update Affecting Ripple (XRP) Traders
TL;DR Binance is set to introduce XRP/USDT options trading by the end of the week, aiming to improve trading experiences with competitive pricing. The company also adjusted its offerings by suspending Solana withdrawals, delisting several altcoins, and adding new assets to Binance Loans. The leading cryptocurrency exchange continues implementing amendments on its platform “to enhance users’ trading experience.” According to a recent announcement, Binance will launch XRP/USDT...
Read More »Ethena Decoded: Arthur Hayes’ Insights on Opportunities and Risks of USDe
CoinspeakerEthena Decoded: Arthur Hayes’ Insights on Opportunities and Risks of USDe Arthur Hayes believes that USDT and USDe have risks, and both could ultimately fail. However, the failure could be linked to different reasons, given Ethena’s superior approach. Ethena Decoded: Arthur Hayes’ Insights on Opportunities and Risks of USDe
Read More »AI Cryptocurrencies Double in Value, Reaching $25B Market Cap in Just 20 Days
CoinspeakerAI Cryptocurrencies Double in Value, Reaching $25B Market Cap in Just 20 Days The surge in AI crypto market cap can be largely attributed to the increased attention and adoption of AI solutions. AI Cryptocurrencies Double in Value, Reaching $25B Market Cap in Just 20 Days
Read More »Notcoin Pre-Launch Trading Begins with Exciting Opportunity to Investors
CoinspeakerNotcoin Pre-Launch Trading Begins with Exciting Opportunity to Investors Users can now convert their Notcoin balances into vouchers (NFTs) through the Notcoin bot and later connect to the TON wallet to transact the NFTs on the TON blockchain. Notcoin Pre-Launch Trading Begins with Exciting Opportunity to Investors
Read More »Masa Network Raises $8.75M from CoinList’s Community Sale of MASA Tokens
CoinspeakerMasa Network Raises $8.75M from CoinList’s Community Sale of MASA Tokens 63,554,660 MASA tokens were sold out in 17 minutes indicating the heightened demand and potential for MASA tokens. Masa Network Raises $8.75M from CoinList’s Community Sale of MASA Tokens
Read More »Bitcoin Cash Analysis: Fresh Rally To $550 On The Cards
Bitcoin cash is eyeing a fresh increase above the $450 resistance against the US Dollar. The price is now trading above the $400 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $425 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $435 and $450 to start a fresh increase in the near term. Bitcoin cash price is consolidating gains above $400 against the US...
Read More »ANKR Token Rises After Confirmation that Its CEO and CTO Will Attend NVIDIA Conference
CoinspeakerANKR Token Rises After Confirmation that Its CEO and CTO Will Attend NVIDIA Conference The ANKR token has continued its rally, rising 3% after a confirmation that two company execs will be present at the Nvidia conference. ANKR Token Rises After Confirmation that Its CEO and CTO Will Attend NVIDIA Conference
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