Bitcoin’s recent price surge towards its all-time high has been driven by a combination of factors that have contributed to the cryptocurrency’s market strength. One key factor is the growth in market capitalizations of stablecoins like USDT and USDC, as highlighted by on-chain analytics platform CryptoQuant. This increase in stablecoin market cap has had a
Crypto
Solana (SOL) has recently gained significant price momentum, propelling it to become the fourth-largest cryptocurrency by market capitalization. With a price increase of almost 5% daily, SOL now trades around $192, reaching a market cap of nearly $90 billion. This surge has placed SOL ahead of Binance Coin (BNB), which saw its market cap drop
Shiba Inu’s layer-2 blockchain solution, Shibarium, has reached an important milestone with over 6 million processed blocks. The network has shown a significant resurgence in activity, with metrics like active accounts and daily transactions on the rise. While the numbers are not as high as they were earlier in the year, the progress is still
In a surprising turn of events, the Republican representative for Wyoming proposed the creation of a strategic Bitcoin reserve during the Bitcoin 2024 Conference. This proposal aims to diversify the country’s assets into Bitcoin and establish a secure financial future. The idea behind this reserve is to strengthen the dollar’s position as the global reserve
Wong Ching-kit, also known as the “Coin Young Master,” has recently gained attention from the International Criminal Police Organization (Interpol) due to his suspected involvement in multiple criminal cases, including a cryptocurrency scam worth over HK$3 million. This 30-year-old Hong Kong native has a troubled past, having been previously convicted of theft and disorderly conduct
Meme coins have been causing quite a stir in the cryptocurrency market, with traders seeing massive gains in a short amount of time. One such example is Pepe (PEPE), which has seen its valuation skyrocket by almost 800% in the past year. A trader who bought 170.2 billion PEPE coins back in October of last
In the midst of the crypto bull run of 2021, non-fungible tokens (NFTs) and the cryptocurrencies associated with them took center stage. This trend brought about a surge of interest and investment in the space, leading to the creation of numerous NFT-related coins. Despite the waning enthusiasm, the total market capitalization of NFT-related cryptocurrencies still
As the upcoming US presidential elections draw near, the candidates in the spotlight include Donald Trump, Kamala Harris, Robert Kennedy, and others. Recent polls indicate that Trump and Harris are the front-runners, with Kennedy lagging behind with less than 10% of the voters’ support. The political tension is on the rise as Americans prepare to
Ferrari, the iconic Italian luxury sports car manufacturer, has recently announced plans to expand its cryptocurrency payment system. This expansion is set to take place in its network of European dealers starting from the end of July. Furthermore, Ferrari aims to extend its crypto transaction options to additional countries in its global dealership network by
The recent launch of spot Ethereum ETFs has left many investors disappointed, especially when compared to the successful launch of spot Bitcoin ETFs earlier this year. While the initial day showed promise with over $106 million in net flows, the following days saw a concerning trend of outflows, with more than $341.8 million being pulled
