Markets

Ethena Labs officially launched USDtb, a new stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), on December 16th. Developed in partnership with Securitize, USDtb is designed to operate like existing fiat-backed stablecoins such as USDC and USDT, with reserves invested in cash or cash-equivalent assets to maintain a 1:1 value ratio. USDtb Debuts According to the official blog post, the stablecoin’s primary reserve asset, BUIDL, makes up 90% of...

TL;DR Binance expanded support for Simon’s Cat (CAT) by including it in multiple trading programs. The token reacted to the news with a rapid price increase. The Binance-Fueled Pump The world’s biggest cryptocurrency exchange recently added further support for the meme coin launched on the BNB chain – Simon’s Cat (CAT). First, it included it in its HODLer Airdrops Portal. The program rewards BNB holders with token distributions based on historical snapshots of their...

As the price of Bitcoin is getting closer to a new milestone at $110,000, the popular meme coins dogwifhat (WIF) and Bonk (BONK) are performing positively. Crypto bulls may be aiming to recover some of the territory they lost in the past couple of weeks after the markets took a breather following a remarkable post-election rally. So far this year, WIF accumulates gains of 1,557% as meme coins have captured the interest and attention of speculators and investors who see these...

After a serious downswing Toncoin is showing signs of recovery. TON, with a market capitalization of over $12 billion, lost by 2.4% within the last 24 hours. On the other hand, on 8 October the Toncoin price dropped to $5.00 before making small gains. As of writing, TON is trading at $5.05 TON/USDT on Gate.io. However, its value decreased by 4.5% during the last 30 days. At the moment, TON is showing strong bearish momentum. As per its price action, TON is within a consolidation phase. The...

The Shiba Inu price predictions for the current market rally are impressive, with experts suggesting you could make $5,500 returns on the $1,000 you put in the coin. While that’s impressive, there are multiple coins with similar profit potential, but the new AI altcoin WallitIQ (WLTQ) outshines other market picks with insane profit potential. Experts believe WallitIQ (WLTQ) has the potential to turn $1,000 into $890,000 as investors place early bets on its presale. The ongoing WallitIQ...

The Federal Court of Australia has imposed an $8 million fine on Bit Trade, the operator of the cryptocurrency exchange Kraken in the country, for offering an unapproved margin lending product to local customers. The penalty follows allegations by the Australian Securities and Investments Commission (ASIC) that the firm violated financial regulations by failing to assess customer suitability for the product. Legal Implications The credit facility, which enabled users to...

Frax Finance plans to rebrand its stablecoin as frxUSD. New AI agents and Frax’s technology stack will transform DeFi. Frax Finance lays out its aggressive 2025 Vision Roadmap, looking to position the brand as the decentralized cryptocurrency’s central bank. The decentralized stablecoin protocol is set to introduce a new string of advancements. It plans to enhance tokens, drive blockchain innovation, and release AI agents across its ecosystem. The Frax platform is supporting several...

The crypto market has been on a bullish streak in the last quarter of this year, thanks to Donald Trump’s recent victory in the United States presidential election. American investment management firm VanEck has shared ten predictions that could raise the crypto market’s valuation in the coming year. Bullish Crypto Predictions From VanEck VanEck’s first prediction focused on leading assets that would experience meteoric price growth next year. For example, BTC would attain...

TL;DR The exchange will increase collateral ratios for six altcoins, including PNUT, starting December 17. The squirrel-themed meme coin surged in value after its initial Binance listing and sparked widespread interest due to its backing from prominent people like Elon Musk. The Involved Assets The world’s leading cryptocurrency exchange will update the collateral ratio for numerous altcoins under Portfolio Margin from December 17. The effort will be completed within...

The stablecoin market has experienced remarkable growth in 2024, driven by rising cryptocurrency adoption and a surge in institutional participation. All eyes are now on Ripple’s newly approved stablecoin, Ripple USD, a.k.a. RLUSD. But Ripple’s Chief Technology Officer, David Schwartz, addressed concerns over potential price anomalies for the asset as it prepares to launch. Speculative Hype Around RLUSD Unnecessary In a detailed statement on X, Schwartz explained that while...