DeFi Market Rebounds to $50B as Speculators Hunt for Yield

The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday, the most in six months.

207 +

Crypto spot volume begins recovery as the year ends

Spot volume has now gone over $50 billion after staying below it for months. The derivative volume remains higher. Although cryptocurrency prices have increased over the past few months, cryThe post Crypto spot volume begins recovery as the year ends appeared first on AMBCrypto.

288 +

Uniswap X volume crosses $1 bln, thanks to these market makers

Four months after its introduction, the Uniswap X volume hit $1 billion.  Activity on the network increased but has now dropped. The aggregate trading volume of Uniswap X has crossed the $1The post Uniswap X volume crosses $1 bln, thanks to these market makers appeared first on AMBCrypto.

220 +

Wall Street Eyes $100 Billion Potential for Bitcoin Spot ETF, Three Reasons Why SHIB Wallets Soared 14,793% in 20 Months, Ripple CTO Spooks XRP Army: Crypto News Digest by U.Today

U.Today's daily news digest keeps you informed of the most important updates in the crypto industry

209 +

Tether plans $500M investment into Bitcoin mining operations

In a significant diversification of its core business of managing the USDT stablecoin, Tether Holdings Ltd. is pivoting a portion of its operations toward Bitcoin (BTC) mining. As reported by Bloomberg, Tether plans to invest approximately half a billion dollars over the next six months, a move that could significantly alter the dynamics of the […] The post Tether plans $500M investment into Bitcoin mining operations appeared first on CryptoSlate.

180 +

As Tron's TVL approaches $7 Billion, this concern arises

Tron’s TVL soared to a new historic high, indicating robust confidence in the market. TRX could kick off a retracement as its price-RSI divergence manifested. Over the last few months, we The post As Tron's TVL approaches $7 Billion, this concern arises appeared first on AMBCrypto.

243 +

Binance’s EUR Trading Volume Crashes To 3-Year Low, What Happened?

In October 2023, EUR-denominated weekly spot volume on Binance, a top cryptocurrency exchange, fell to $160 million, an 88% drop from $1.3 billion recorded seven months earlier in March 2023. At this level, EUR trading volume on the besieged exchange is at a three-year low, pointing to how consequential the decision by regulators to crack down on […]

240 +

Stablecoin market cap down 35% 18 months after Terra collapse

Terraform's collapse last year and the subsequent fall of its native Terra USD (UST) stablecoin triggered a chain reaction. Stablecoin valuation shrank from $189 billion to $123 billion.

164 +

Tether (USDT) & DAI Beacon Hope of Turning Tides in an 18-Month Decline in Stablecoin Market Cap

A report from Binance Research revealed that the total stablecoin market capitalization has been on a steady decline, persisting for 18 consecutive months, and it hit a new low of $123. 8 billion in September 2022.

150 +

FTX Employees Unearthed Alameda’s $65 Billion Backdoor Months Before Collapse

As the trial of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX, got underway, the testimony of witnesses shed light on a report by The Wall Street Journal.  The report revealed that the company’s employees had uncovered a secret link between the exchange and an affiliated trading firm, raising concerns about potential fraudulent […]

185 +

US Personal Interest Payments Top $500B as Rate Rises Cripple Households 

US personal interest payments have reached a record $506 billion in July, according to the St. Louis Federal Reserve, with Americans paying a total of $3. 3 trillion in personal interest during the first seven months of 2023.

140 +

$291 Billion Asset Manager Predicts Bitcoin’s Rise To $150,000 Post-Halving

Ric Edelman, the founder of the $291 billion asset management firm Edelman Financial Services, holds the belief that Bitcoin will not only reach but also surpass a six-figure price within just a few months following the 2024 halving.

367 +

4.8 Billion XRP Marks Highest On-Chain Transaction Volume in Months

XRP leading with highest average trade size on Coinbase

229 +

Genesis Lender Group Opposes ‘Wholly Insufficient’ DCG Deal

Creditors with $2.4 billion in claims against the bankrupt crypto lender could scupper an agreement made after months of wrangling.

50 +

Mysterious Owner Behind $3 Billion Bitcoin Wallet Has Finally Been Exposed

It is not unusual for wallets with high-volume transactions and large holdings to pique the interest of the Bitcoin community due to their sheer size. One such wallet is that of a mysterious whale, which had reportedly accumulated $3 Billion in Bitcoin in the last three months.

274 +

This Mysterious Bitcoin Whale Has Acquired Over 115,000 BTC in Less Than 3 Months

581 +

This Bitcoin Whale Went From $0 To $3 Billion In 3 Months, But Is It Doing Well?

While most of the crypto market seems to have entered panic mode, one Bitcoin whale has gone on an incredible buying spree. The very young whale has only been here for three months but it now boasts one of the largest BTC holdings in the industry.

162 +

Unknown Bitcoin Whale Emerges as 3rd Largest Wallet, BlackRock & Gemini Suspected

During the past three months, a new Bitcoin whale has emerged, amassing 118,300 Bitcoin worth over $3 billion at current market prices, according to data from BitInfoCharts.

235 +

Mysterious Bitcoin wallet becomes 3rd largest BTC holder in 3 months

An unknown wallet has accrued more than $3 billion worth of Bitcoin in the last three months, sparking a wave of theories about the potential owner.

667 +

First Digital USD soars on Binance as overall stablecoin market sinks to two-year low

The total market cap of stablecoins has been on a continuous decline for 17 months, now standing at $124 billion, its lowest level since August 2021, according to CCData. The data aggregator highlighted a broader impact of the decline in stablecoin’s monthly trading volume.

235 +

Despite SEC’s Legal Onslaught, These Altcoins Have Witnessed Resurgence in Trading Volume

In recent months, 19 cryptocurrencies, notably deemed unregistered securities by the Securities and Exchange Commission (SEC), experienced a dramatic dip in their combined market value, shedding roughly $20 billion.

212 +

Shiba Inu Sees Epic 1.1 Billion SHIB Weekly Burn First Time in Months

Shiba Inu burn rate reacts with whopping 760% spike

109 +

Lido dominates ETH staking, but why is LDO declining?

Lido saw around 600 new users daily. In less than three months, Lido added around $3 billion to its TVL. Lido Finance is boldly positioning itself at the forefront of liquid staking, with reThe post Lido dominates ETH staking, but why is LDO declining? appeared first on AMBCrypto.

158 +

China’s digital yuan hits $250 billion in transactions

China's central bank governor Yi Gang has announced transactions worth almost $250 billion have occurred with the country's digital yuan since the start of its pilot 18 months ago.

979 +

Web3 projects see 78% drop in VC investments as crypto funding falls

Web3 projects raised $3. 6 billion from venture capital firms during the first six months of this year, representing a 78% drop from what they raised from these organizations during the same period last year, Crunchbase reported on July 18.

191 +

USDC Market Cap Drops As Redemptions Climb To $1.4 Billion

As one of the biggest stablecoins, USDC is one of the major players in the crypto industry. However, the stablecoins have seen better days, as the stablecoin has seen its market cap drop drastically over the past few months.

167 +

Crypto Exchanges Spot Trading Volume Witness First Increase In Three Months

In June, spot trading volume on centralized crypto exchanges rose by over 16% to $575 billion. This increase represents its first increase in three months, according to a CCData review. This surge in trading activity across spot markets has been linked to the increased activity of institutions and regulatory bodies. The report said:  The increase […]

196 +

Crypto spot trading volume rose 16% to $575 billion in June: CCData

Spot trading volume across centralised exchanges rose 16. 4% to $575 billion in June, the first time volumes rose in three months. Derivatives trading volume on CEXs also rose, with the month seeing a 13.

119 +

10 million ETH Inflow Pushes DeFi Liquid Staking Valuation Above $20 Billion

According to on-chain data from DefiLlama, Ethereum liquid staking derivatives have grown in total value in recent months, with the total crypto locked closing in on record numbers. Liquid staking derivatives platforms now have more than 10 million ETH locked, making the total value locked (TVL) close in on $20 billion across various protocols.

282 +

Bitcoin Options Volume Soars Above $3.3 Billion In 24 Hours As BTC Price Sniffs $31,000

153 +

MicroStrategy becomes profitable on Bitcoin bet as BTC surges past $30k

MicroStrategy‘s $4 billion Bitcoin (BTC) bet turned profitable on June 21 after the cryptocurrency’s value surpassed the firm’s average purchase price of $29,803 for the first time in almost two months, according to CryptoSlate’s data.

145 +

Tether CTO says $1b USDT minted on Ethereum reserved for chain swapping

Tether recently minted another $1 billion worth of its Tether USDT stablecoin on the Ethereum blockchain, which is another big issuance within two months since its last minting on April 21.

266 +

Tether’s Chief Technology Officer Provides Clarity: $1 Billion USDT Minting on Ethereum Intended for Chain Swaps

In a recent development, Tether, the stablecoin issuer, has generated another $1 billion worth of Tether USDT $1. 00 stablecoin on the Ethereum blockchain. This action marks their second billion-dollar mint within a span of two months, adding to the total of over $16 billion minted by the company in 2023.

77 +

Ethereum whales’ holdings hit new ATH as price slips further

Ethereum’s (ETH) price has struggled to keep up over the past two months as the global crypto market cap plunged by roughly $150 billion. As the price dropped, the top 10 non-exchange ETH addresses’ holdings touched a new all-time high…

613 +

4 Billion SHIB Burned in Week, Millions More Shiba Inu Tokens Burned Within 24 Hours

SHIB burning expected to receive boost in days and months to come

146 +

Good For Crypto: FDIC Says Record $472 Billion Withdrawn By US Depositors

Crypto could be enjoying some boost in price and adoption as the latest report from the Federal Deposit Insurance Corp. showed that deposits of about half a trillion dollars were removed from U. S.

151 +

Investors lost $46 billion in just five months

About 4. 3 million investors lost $46 billion in just five months as a result of the collapse of a number of large cryptocurrency firms. This is stated in a study by Radhika Patel and Jonathan Rose from the Federal Reserve Bank of Chicago.

50 +

USDC market cap below $30 billion, struggles signify crypto turmoil

Key Takeaways USDC’s market cap has dipped from $54 billion to $30 billion in the last eight months The stablecoin has lost market share since March, falling from 32% to 23% Regulatory concerns and the fallout from the SVB collapse have plagued the stablecoin, whose struggles signify the capital flight out of the crypto industry […] The post USDC market cap below $30 billion, struggles signify crypto turmoil appeared first on CoinJournal.

88 +

$22 billion of stablecoins has fled exchanges in 5 months: A report into crypto’s capital flight

Key Takeaways The balance of stablecoins on exchanges is at a 2-year low In the last 5 months, over half the stablecoin balance on exchanges has flowed out, equivalent to $22.8 billion Treasury yields above 5% have given viable alternatives for investors, with capital fleeing stablecoins BUSD shutting down and USD Coin getting caught up […] The post $22 billion of stablecoins has fled exchanges in 5 months: A report into crypto’s capital flight appeared first on CoinJournal.

232 +

USDC’s struggles is due to US crackdown, says Circle’s Jeremy Allaire

Key takeaways Circle’s CEO Jeremy Allaire has blamed the banking crisis in the United States for USDC’s recent struggles. USDC has lost roughly $13 billion of its value in recent months.

149 +

Ethereum price surpasses $2,100 following the Shapella upgrade 

The price of ether (ETH) has surpassed the $2,100 region for the first time in many months. Ethereum’s Shapella upgrade went live on April 12, enabling over $1 billion worth of staked ETH withdrawals, yet the price of ether continues…

233 +

Tether USDT supply reaches $80B for 1st time in almost a year

Tether’s USDT supply crossed $80 billion for the first time in 11 months earlier today, nearing its all-time high of $83. 13 billion. In 2023, USDT’s supply increased by almost $14 billion in less than 100 days from the $66.

201 +

A new 11-month high for Lido as Ethereum's Shapella looms large

The total value locked (TVL) on Lido went past $11 billion on 5 April - Its highest level in 11 months Lido's share in ETH staking has declined from 61% towards the start of February to 31% at The post A new 11-month high for Lido as Ethereum's Shapella looms large appeared first on AMBCrypto.

183 +

Crypto’s Decentralized Exchanges Had Most Volume in 10 Months Amid U.S. Crackdown in March

Trading volume on DEXs rose to $133.1 billion in March, the third straight monthly increase, according to DeFiLlama.

150 +

Virgin Orbit Files for Chapter 11 Bankruptcy in US

Coinspeaker Virgin Orbit Files for Chapter 11 Bankruptcy in US When Virgin Orbit went public, its valuation was pegged at around $4 billion, however, the tides have shifted over the past few months with the company’s market capitalization now pegged at around $65.

36 +

45% of stablecoin balance has left crypto exchanges in 4 months, but where has all the money gone? – A Deep Dive

Key Takeaways $23.6 billion of stablecoins are currently on exchanges, the least since October 2021 45% of stablecoins have fled exchanges in the last four months 61% of USDC has left exchanges in the three weeks since Silicon Valley Bank’s collapse, while 50% of BUSD has evaporated since regulators announced it was to shut down […] The post 45% of stablecoin balance has left crypto exchanges in 4 months, but where has all the money gone? – A Deep Dive appeared first on CoinJournal.

236 +

CBDC adoption grows in Nigeria amidst cash crisis

Nigeria witnessing increased CBDC adoption nearly 18 months after launching its national CBDC amid an acute cash crisis. The value of eNaira transactions has increased to 22 billion nairas ($47The post CBDC adoption grows in Nigeria amidst cash crisis appeared first on AMBCrypto.

168 +

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.

245 +

The Rise and Fall of Silvergate’s Crypto Business

Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled under the industry’s implosion – just as the bank’s regulators had predicted might happen for such institutions.

239 +