Markets

The stablecoin market has reached a new milestone, with its total market capitalization hitting an all-time high of $168 billion. This achievement follows 11 consecutive months of growth, as shown by data from DefiLlama. The current potential exceeds the maximum of $167 billion recorded in March 2022, indicating a clear recovery and growth stage for stablecoins. It is important to note that this data does not include a category often referred to as algorithmic stablecoins, where the value is...

Stablecoins have reached an all-time high market cap of $169.57 billion following nearly a year of uninterrupted growth. Leading assets such as Tether’s USDT and Circle’s USDC have seen a significant resurgence this year, in addition to a newcomer. Stablecoin Market Cap Surge Data compiled by DefiLlama revealed that this is the highest market cap for stablecoins, surpassing the previous peak of $167 billion established in March 2022, which later declined to $135 billion by...

Ethereum’s price has been consolidating after a significant crash a few weeks ago, making market participants hopeful that the price is creating a bottom. Technical Analysis By: Edris Derakhshi The Daily Chart On the daily chart, the price has gradually made higher highs and lows since rebounding from the $2,100 support level. Yet, the market is yet to break past the $2,700 resistance, while a rejection could lead to another drop to $2,100. On the other hand, if the market...

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

The current U.S. benchmark rate for massive overnight money market loans from the central bank is in the range of 5.25% and 5.5%. When Powell spoke in Jackson Hole, Wyoming, on Friday, markets expected more signals of a regime of interest rate cutting ahead. Instead, he went a step further and explicitly endorsed rate cuts. In fact, he said it’s not a matter of if there will be cuts but how deep to make them: “The time has come for policy to adjust. The direction of travel is...

Binance announced that it has prevented over $2.4 billion in losses from potential scams and fraudulent activities that could have impacted more than 1.2 million users from January to July 2024 owing to its risk management measures. According to the official press release shared with CryptoPotato, Binance employs an internal risk engine that provides 24/7 real-time monitoring using a combination of artificial intelligence (AI) and manual reviews. Binance’s Internal Risk...

Simon’s Cat, a popular meme and animated series, has locked over $15 million worth of $CAT and $BNB tokens using Floki’s crypto locker protocol, FlokiFi Locker. Floki announced this revolutionary news via the official X account. These tokens are locked on the BNB Chain for an astonishing 420 million years which means they will not be available for generations. This move demonstrates Simon’s Cat’s dedication to security and confidence in employing Floki’s locker protocol, which has received...

After every crypto bull run, a crypto winter often follows, resulting in steep price declines for cryptocurrencies and significant financial losses for investors. As the market prepares for a potential 2024 crypto winter, it’s important to identify and navigate assets and crypto projects like ETFSwap (ETFS) that can become safe havens and offer valuable investment opportunities to investors.  Guide To Navigating A 2024 Crypto Winter  The ‘crypto winter’ is a popular term that describes...

Changpeng Zhao, widely recognized as CZ and former CEO of Binance, surprised the cryptocurrency community by being moved from prison to a halfway house. This could be one of the biggest bullish catalysts for an incoming altcoin season, which will excite investors and traders alike. Now that the dust settles around the legal battles, attention will focus in the broader market implications, especially up-and-coming altcoins like RCO Finance (RCOF). The Aftermath of CZ’s Legal Troubles...