Tag Archives: AA News

Bitcoin’s (BTC) climb to record levels has lifted the crypto market, and as the year wraps up, it’s sparking strong bullish sentiment for the future. In the backdrop, there has been a significant surge in Tether (USDT) inflows to exchanges. This stablecoin movement aligns with the ongoing crypto bull rally, which has been underway for more than two months now. USDT’s Daily Inflows to Exchanges According to the latest data compiled by Santiment, there has been an average net...

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...

Federally approved digital asset securities platform Prometheum has filed a defamation lawsuit against crypto commentator Matthew Blumberg. The dispute stems from a November 6 post on X, where the critic accused the firm of operating “an illegal unregistered commodities exchange” and engaging in shady dealings with the U.S. Securities and Exchange Commission (SEC). Free Speech or Defamation? Prometheum’s complaint, filed in the New York Supreme Court, argues that Blumberg’s...

The TRON blockchain has achieved a remarkable feat, processing $587.2 billion in USDT transfers during November 2024. This all-time high (ATH) reflects significant growth compared to $424.4 billion in September and $489.3 billion in October. TRON’s Stablecoin Boom The figure, captured by CryptoQuant analyst Maartunn, is noteworthy, considering in July 2019, the network only managed to move about $73.8 million in USDT. However, its share has increased steadily since then,...

Lido, the prominent liquid staking protocol, has announced the discontinuation of its liquid staking protocol on Polygon, marking the end of its operations over the coming months. Following extensive discussions on the DAO forum and a community vote, LDO token holders officially approved the decision to phase out Lido on Polygon. The process is set to begin shortly. Lido’s Exit from Polygon Initially launched in 2021 through a proposal by Shard Labs, Lido on Polygon faced...

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...

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...

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...

Whales are making huge profits amidst another market-wide rally, with a recent PEPE transaction demonstrating the staggering potential of meme coin investments. Lookonchain revealed that the PEPE whale fetched an extraordinary return on investment. After being dormant for 600 days, the entity transferred all 2.1 trillion PEPE tokens, which are worth around $52 million, to a new address. What makes this move interesting is the initial investment: the whale spent a mere 0.0135...

This year is gradually coming to an end, and while the crypto industry witnessed significant growth this year, particularly after the United States presidential election, 2025 is expected to be an even better year. The on-chain analytics platform Nansen has shared with CryptoPotato key insights into important institutional trends that will gain momentum in the crypto market in 2025. However, these narratives are expected to do well under a clearer regulatory framework, which...