USDC Supply Shrinks by $10 Billion in March, But Hits 6-Month High on Smart Contracts

Circle USD Coin (USDC) saw its supply drop by 10 billion to 32 billion in March despite its increased usage among smart contracts. The post USDC Supply Shrinks by $10 Billion in March, But Hits 6-Month High on Smart Contracts appeared first on BeInCrypto.

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Shiba Inu Whale Accumulates 99 Billion Tokens in Massive Buying Spree

Crypto whale tracker, WhaleStats has spotted yet another massive Shiba Inu accumulation by Ethereum whales. On March 31, 2023, an Ethereum whale purchased over $1 million worth of SHIB tokens in a single transaction.

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Investors Pour Money Into Crypto Investments for 4th Straight Month

Assets under management for digital-asset products climbed to $13.4 billion in March, up 60% from their 2022 low in November, according to CryptoCompare.

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SEC Boss Gary Gensler Seeking $2.436 Billion To Protect Investors

Before the Subcommittee on Financial Services and General Government on March 29, Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), requested $2.436 billion from the government’s Fiscal Year 2024 budget to enable the agency to carry out its mandate and better protect investors as they are put “on a better track for […]

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Record-breaking BTC options set to expire with over $4B notional value

Quick Take Just over $4 billion notional worth of Bitcoin options are set to expire tomorrow (March 31). The post Record-breaking BTC options set to expire with over $4B notional value appeared first on CryptoSlate.

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Over $18 Billion USDT Held In Binance, Bull Run Incoming?

Nansen data on March 30 shows that over $18 billion of USDT is held on Binance, the world’s largest cryptocurrency exchange by user count and trading volumes. Binance Holding Over $18 Billion Of USDT At this pace, USDT constitutes the biggest share of assets held in the exchange, even exceeding other popular cryptocurrencies like Bitcoin and Ethereum.

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Polygon Launches Its zkEVM, Why It’s Bullish For MATIC

In July 2022, Polygon Labs, zkSync and Scroll ZKP launched a race to build the best zero-knowledge Ethereum Virtual Machine (zkEVM). After $1 billion in funding, two external audits, and an internal audit of 26 researchers, today is the day – March 27, 2023 – when the Polygon zkEVM will be launched.

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Tether Claims $1.6 Billion In Excess Reserves To Back Its Stablecoin

The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the March quarter. Tether Chief Technology officer Paolo Ardoino disclosed that it expects an estimated $700 million in profit within the said period pushing the reserves higher. Ardoino further […]

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FTX-Promoting YouTubers Hit with A $1B Class Action Lawsuit

Ten YouTube and social media promoters are facing a class action lawsuit filed by a group of investors seeking more than $1 billion in damages for the deceptive promotion of FTX. According to an objection filed on March 15 in the Miami District Court, the group claims that the popular influencers- Ben Armstrong, Graham Stephan […]

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Tether transfers 166m USDT from reserves to Binance 

On March 21, tether minted $1 billion worth of USDT on the Tron Network. After the publication of the whale warning, it was discovered that 166 million USDT had been moved from the Tether treasury to the Binance exchange. 

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This jump makes Uniswap [UNI] the talk of the town, but hurdles lie ahead

Uniswap's social mentions rose to its highest in two months. The monthly trading volume in March hit almost $50 billion, an increase of 8%. Uniswap [UNI] became the talk of the town as the sThe post This jump makes Uniswap [UNI] the talk of the town, but hurdles lie ahead appeared first on AMBCrypto.

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Banking Crisis Sees Bitcoin Market Cap Rise By $26 Billion

Today March 20, has been eventful in the Bitcoin and crypto market. Some top coins and altcoins have recorded gains in their seven days prices. While BTC is up by 3. 47% in 24 hours, its seven days gains stand at 27.

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UBS completes Credit Suisse deal for $3.2B following offer from Justin Sun

UBS Group has agreed to purchase the ailing European bank Credit Suisse for $3.2 billion, according to various reports on March 19. The post UBS completes Credit Suisse deal for $3.2B following offer from Justin Sun appeared first on CryptoSlate.

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USDC in circulation fell over 10% since de-peg event

The stablecoin market has seen significant changes over the past few weeks — including the removal of over 7 billion USDC stablecoins from circulation following the depegging event on March 11. The post USDC in circulation fell over 10% since de-peg event appeared first on CryptoSlate.

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Maker passes first vote to increase U.S. Treasury bond holdings to $1.25B

Maker’s governance community has initially voted in favor of increasing United States Treasury bond holdings to $1. 25 billion, according to a Twitter thread on March 15. The post Maker passes first vote to increase U.

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Stripe raises $6.5b to cover tax obligations and compensate employees

Major payments processing company Stripe has received a new injection of funds that brings the company’s valuation to $50 billion, nearly half of the valuation recorded in 2021.  In a press release on March 15, 2023, Stripe announced that the…

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Circle clears ‘substantially all’ minting and redemption backlog for USDC

The stablecoin issuer says that from March 13 and March 15, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.

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Wemade announces Partnership with Space and Time to Power Blockchain and Gaming Services

Seoul, South Korea, 15th March, 2023, Chainwire Wemade Co. , Ltd (KOSDAQ:112040), one of the largest publicly-listed gaming companies in South Korea with a market capitalization of US$1. 4 billion, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing.

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Binance’s CZ announces BUSD recovery funds conversion to ‘native crypto’

Binance CEO has announced that the exchange will convert $1 billion Industry Recovery Initiative funds to native cryptos such as BTC, ETH, and BNB from BUSD.  Binance co-founder and CEO, Changpeng “CZ” Zhao announced on March 13 that owing to…

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Decentralized exchange Uniswap hits record single-day volume

The decentralized exchange Uniswap announced on March 11 it had hit its highest daily volume ever — totaling $11.84 billion. The post Decentralized exchange Uniswap hits record single-day volume appeared first on CryptoSlate.

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Uniswap, Curve Finance, SushiSwap make a killing amidst market uncertainty

The total DEX trading volume surged to a four-month high of $15.12 billion on 11 March. Total fees collected on Uniswap hit its highest value since 10 May. Decentralized exchanges (DEXes) reThe post Uniswap, Curve Finance, SushiSwap make a killing amidst market uncertainty appeared first on AMBCrypto.

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USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin

USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3. 3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC.

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Stablecoins rally as Circle announces it will cover all USDC redemptions 1:1

Quick Take On Saturday, March 11, Circle CEO Jeremy Allaire announced that Circle pledges to cover any shortfall in the assets backing USDC if it does not receive the entirety of a $3. 3 billion cash reserve held at Silicon Valley Bank.

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Global AUM of crypto ETPs rose to $28 billion in February: Fineqia

The cryptocurrency market is seeing yet another rough patch as prices fall amid negative sentiment around collapsed crypto-friendly banks Silvergate Bank and Silicon Valley Bank. But the declines being witnessed in March come after a slightly positive February where the total cryptocurrency market cap held above $1 trillion.

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BTC hovers around $22k, US Silk Road BTC address awakens

As of March 8, the price of bitcoin (BTC) is trading around $22,000, with a trading volume of $30.34 billion over the past 24 hours.

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Bitcoin price slides 5% in 60 minutes amid Silvergate uncertainty

The price of BTC fell sharply on March 3, wiping $22 billion from Bitcoin’s market cap.

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Binance Toasts 8.9 Billion LUNC in Latest Quarterly Burn

Binance will burn 50% of its LUNC trading fees for the first time on March 1, 2023.

The post Binance Toasts 8.9 Billion LUNC in Latest Quarterly Burn appeared first on BeInCrypto.

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Assessing 1INCH's performance prior to token unlocks

1INCH scheduled another token unlock for 1 March.  The token circulation decreased, but its founder says the DeFi ecosystem can hit 1 billion users. The 1inch Network [1INCH] is part of a sThe post Assessing 1INCH's performance prior to token unlocks appeared first on AMBCrypto.

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Ethereum Deep Dive: Health check ahead of Shanghai upgrade in next month

Key Takeaways Ethereum’s Shanghai upgrade is slated for March, when all staked ETH will be released and become eligible to be sold 16.1 million ETH is currently staked, equating to $26 billion, 14% of the entire supply Capital has fled the Ethereum ecosystem over the last year, as higher interest rates from the Fed offer […] The post Ethereum Deep Dive: Health check ahead of Shanghai upgrade in next month appeared first on CoinJournal.

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Stablecoin Exit Of 2022: $14.3 Billion Redeemed Since March

2022 has been the year of mass exit from stablecoins as more than $14.3 billion has been redeemed from these tokens since March. Total Stablecoin Supply Is Down 8% From March 2022 Peak According to the latest weekly report from Glassnode, the stables observed expansion throughout 2020 and 2021. The relevant indicator here is the […]

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Splinterlands – Blockchain Game Hits 3 Billion Milestone Amidst Crypto Downturn

Today Splinterlands announced that the company has surpassed the significant milestone of 3 billion battles played within their game. After passing the 2 billion battle threshold in March 2022, this new accomplishment for the Web 3.

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How Gain Bitcoin Swindled Users Out of Over $12 Billion

An Indian-based company called Gain Bitcoin was accused of running one of the largest scams in the country. Back in March 2022, authorities shut down this illegal operation that was suspected to steal $3.

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Consumers Lost Over $1B to Crypto Fraud Since January 2021, FTC Says

Consumers reported they have lost over $1 billion in crypto-linked fraud from January 2021 through March of this year, according to analysis from the Federal Trade Commission (FTC).

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Tether Cut Commercial Paper Reserve by 17% in Q1, Accountants Say

Tether reduced its commercial paper holdings by 17% from $24.2 billion to $19.9 billion in the quarter ended March 31, according to it latest attestation report.

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Bored Ape Yacht Club Surpasses $2 Billion in All-Time Sales

Due to its increasing monthly sales volumes in March and April, Bored Ape Yacht Club has hit a sales milestone that bodes well for the entire non-fungible token (NFT) space. The post Bored Ape Yacht Club Surpasses $2 Billion in All-Time Sales appeared first on BeInCrypto.

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MicroStrategy may explore ‘future yield generation opportunities’ on 95,643 BTC holdings

As of March 31, MicroStrategy held a total of 129,218 BTC, which the firm reported had a carrying value of roughly $2.9 billion.

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More than $1.6 billion exploited from DeFi so far in 2022

The amount exploited this year so far surpasses the total amount stolen in all of 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million.

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Ethereum Foundation Releases First Financial Report, Holds $1.3B in Treasury

The Ethereum Foundation (EF), a non-profit responsible for the financial support of the Ethereum ecosystem, has revealed it holds $1.3 billion in its treasury as of March 2022, of which… The post Ethereum Foundation Releases First Financial Report, Holds $1.3B in Treasury appeared first on CoinCentral.

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Terra expands reserve for UST beyond Bitcoin, buys $100 million Avalanche

Terra’s founder Do Kwon announced in March that the blockchain network will buy $10 billion worth of Bitcoin as a reserve for its algorithmic stablecoin, UST.  The network has bought $1.6 billion worth of the flagship digital asset, so far, and reports have now emerged that it is expanding its reserve for UST to another […] The post Terra expands reserve for UST beyond Bitcoin, buys $100 million Avalanche appeared first on CryptoSlate.

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Crypto prices enjoy a solid March relief rally. But, how and why?

Whales have dumped 178,150 BTC in a five-month period, which amounts to $8.39 billion at current price levels.

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Billions advised to update Chrome browser — especially crypto users

On March 22nd, Google issued an emergency security update for its Chrome browser as 3.2 billion users were potentially at risk of being attacked. The post Billions advised to update Chrome browser — especially crypto users appeared first on CryptoSlate.

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Waves targets 5 million active users, $10B in TVL after launching growth engine

Waves said on March 31st that it is aiming to hit 5 million active users and $10 billion in total value locked, or TVL, on the Layer-1 blockchain and projects built on top of it as part of its 2022 roadmap.

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Splinterlands Surpasses 2 Billion Games Played Following $1M Unboxing Event

Splinterlands, the #1 ranked play-to-earn game in the blockchain space as per dappradar, has achieved another milestone following its current $1M unboxing event held last March 17th. Splinterlands has...

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$4.1 Billion Worth of Ethereum Moved from Exchanges in March as ETH Price Climbs Above $3K

Ether's price has risen by 32% in the days since 180,000 ETH were removed from centralized trading platforms

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Crypto Market Forecast: Week of March 28th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin bursts past the US$45,000 price level, the Terra foundation begins its purchasing of up US$2.5 billion worth of BTC, and Ethereum surges forward as progress towards the switch to proof-of-stake continues.

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Top 3 Metaverse Crypto Coins With a Market Cap Below $700 Million (March 2022)

Metaverse Crypto coins continue their bullish rise with the Metaverse sector in crypto surpassing $33 billion according to CoinMarketCap, is this a new bull market for crypto? Because the number of projects may be confusing for new traders, we’ve compiled a list of some fantastic Metaverse coins.

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Terra’s Bitcoin Reserves Hit $1 Billion Following Aggressive Buying On Price Dips

As of Saturday, 26th March, the network had accumulated a total of 15,390.9 BTC, bringing its total holdings to 24,954.95 BTC ($1.1 billion).

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Top 5 Metaverse Crypto Coins With a Market Capitalization Below $7 Million to Watch in March 2022

Cryptocurrency markets continue to trade sideways this weekend as Bitcoin and Ethereum manage to hold support. Metaverse crypto coins are seeing slight bullish momentum, with the overall market capitalization of Metaverse coins rising above $30 billion, according to CoinMarketCap.

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$2.6 Billion Worth of BTC Left Cryptocurrency Exchanges in March: Glassnode Data

Billions worth of BTC leaving exchanges, and here are main reasons

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