Tag Archives: AA News

AAVE, the native token of the decentralized crypto lending platform Aave, surpassed $363 after surging by approximately 30% over the past day. This is the first time since 2021 that the asset has recorded a crucial milestone in a rally powered by a huge wave of coins moving back into circulation. Major AAVE Stakeholders Circulate Dormant Coins As highlighted by Santiment in its latest analysis, this surge is coupled with a significant drop in the “Mean Dollar Invested Age,” a...

Ethereum has emerged as the leading blockchain for Tether’s USDT supply, surpassing Tron in a monumental shift for stablecoin dominance. Over the past month, Tether issued $20 billion in USDT on the network, possibly marking it as the go-to blockchain for activity involving the fiat-pegged cryptocurrency. Strategic Expansion Figures shared by the on-chain data platform Token Terminal show that Tether’s $20 billion issuance on the world’s largest blockchain by total value...

On December 11, privacy coins stole the spotlight as the market surged, led by notable gains across key tokens. Data collected from crypto price tracking websites revealed that Verge (XVG) rose by 37.4% across 24 hours, with Zcash (ZEC) and Monero (XMR) also posting significant gains, up 15.4% and 12.3%, respectively. Privacy Coin Resurgence The sector repeated the feat on December 12, with figures from CoinGecko indicating that privacy coins have increased 10.3% over the...

A new wave of crypto scams has emerged, with attackers using fake X accounts to impersonate popular influencers and lure unsuspecting users into fraudulent Telegram groups. Users are then manipulated into installing malware that compromises crypto wallet data. Scammers Moving Beyond Simple Phishing Scams According to blockchain security firm Scam Sniffer, the scammers comment on legitimate posts, enticing users with offers of exclusive investment insights and “alpha” tips....

On Wednesday morning in Abu Dhabi, Binance and Circle announced a strategic partnership to promote USDC, a stablecoin jointly owned by Circle and Coinbase. The collaboration comes as stablecoins gain traction in mainstream finance and competitors seek to challenge the dominance of market leader Tether. The Alliance Details about revenue sharing in this arrangement remain undisclosed, though sources informed Fortune that Binance will not acquire an equity stake in Circle....

In October, Raydium made history by becoming the number one DEX by volume across all chains, a milestone it quickly built on in November. According to Messari’s latest report, Raydium surged ahead of Uniswap in monthly DEX volumes by a striking 30%, achieving $124.6 billion compared to Uniswap’s $90.5 billion. Raydium Leaves Uniswap Behind Raydium has steadily increased its share of Solana’s DEX volume this year. Since March 6, Raydium has consistently outperformed Orca, its...

After a turbulent correction, the cryptocurrency market has found some calm, with prices stabilizing. Meanwhile, the Mean Dollar Invested Age is quietly pointing to heightened network activity, often seen as a precursor to extended bullish trends. Despite a market-wide retracement this week, the Mean Dollar Invested Age (MDIA) – an often-overlooked crypto metric – signals potential bullish momentum across key assets. Bitcoin’s MDIA has dropped 31% over the past 60 weeks,...

Hester Peirce, a Commissioner at the U.S. Securities and Exchange Commission (SEC), has outlined a vision for the agency’s crypto regulatory strategy under President-elect Donald Trump. In a recent interview on Fox Business, Peirce identified three priorities to address what she sees as critical obstacles hindering the growth and clarity of the crypto industry. Pierces’s Roadmap to Clearer Crypto Regulations In the interview, highlighted by Fox Business reporter Eleanor...

The leading Singaporean digital asset trading platform, Crypto.com, has announced a partnership with Deutsche Bank, a German-based multinational investment bank and financial services company, to offer banking services to users in select countries. According to an official release, Crypto.com’s corporate banking services will be available to customers in Singapore, Australia, and Hong Kong for starters. The crypto exchange and banking entity intends to expand the reach of the...

A savvy crypto investor has reportedly turned a modest $3,000 investment in the popular frog-themed Pepe (PEPE) meme coin into a $73 million profit. According to Lookonchain, who first revealed the feat in a December 10 post on X, the unidentified trader first bought 4.1 trillion Pepe tokens on April 15, 2023. Strategic Sales Amid Market Highs Per on-chain data, the investor sold off just over 3 trillion Pepe, pocketing about $27.5 million in the process. However, with 1.88...