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Stablecoin Market Cap Surges $4.85 Billion in 30 Days; USDT, USDC, FDUSD Lead the Way

Over the past month, there has been a significant rise in the combined market capitalization of leading stablecoins, increasing from $131.71 billion to $136.56 billion. Tether (USDT) and USD Coin (USDC), the top two stablecoins, have witnessed notable expansions in their supplies, with increases of 4.8% and 7.2% respectively. The Growing Stablecoin Economy During the […]

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Federal Reserve Keeps Rates Unchanged, Focusing on Inflation Confidence

On January 31, 2023, the U.S. Federal Reserve announced its decision to maintain the federal funds rate at its current level. The Federal Open Market Committee (FOMC) emphasized that it will not consider reducing the target range until it has a higher level of confidence in achieving the 2% inflation target. While the stock market

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Ethereum Price Analysis: Bearish Signals and Potential Bullish Reversal

On Jan. 29, 2024, ethereum's price dynamics display a nuanced interplay of market elements. The current price of ether stands at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its substantial market capitalization of $270 billion, ether trading volume remains modest, hinting at possible investor wariness. Ethereum's Volatile Hourly Chart The hourly

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BlackRock’s Spot Bitcoin ETF Volume Surpasses GBTC, Indicating Market Shift

A Shift in Trading Volume BlackRock's spot Bitcoin ETF is currently surpassing the Grayscale Bitcoin Trust (GBTC) in terms of trading volume, according to Bloomberg ETF analyst James Seyffart. This marks the first time since its launch that BlackRock's ETF has outpaced GBTC in trading volume. Significance of the Shift This shift in trading volume

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2024 Sees Steepest Weekly Plunge in NFT Sales, 5 Major Blockchains Register Double-Digit Losses

NFT Market Faces Sharp Decline In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively. At the

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Vanguard Explains Why Spot Bitcoin ETFs Are Not Available on Its Trading Platform

Vanguard's Stance on Cryptocurrency Financial giant Vanguard has recently clarified why it does not offer spot bitcoin exchange-traded funds (ETFs) on its trading platform. In a blog post titled "No Bitcoin ETFs at Vanguard? Here's why," the firm emphasized that cryptocurrency is considered an immature asset class with little history, no inherent economic value, no

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The Avalanche Foundation Announces Requirements for Meme Coin Purchasing Program

Avalanche Foundation Sets Criteria for Meme Coin Investments The Avalanche Foundation, a non-profit organization dedicated to supporting the avalanche ecosystem, has revealed the criteria for its active meme coin purchasing program. In order to be considered for this program, meme coin projects must meet specific requirements related to holder count, concentration, liquidity, liquidity providers, lifespan,

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Arkham Identifies Four Spot Bitcoin ETFs and Their Holdings

Introduction On January 23, Arkham, a firm specializing in onchain intelligence, made a significant announcement. They revealed the identification of four lists of connected addresses that are linked to four new spot bitcoin exchange-traded funds (ETFs). These addresses are reportedly associated with prominent fund managers, including Blackrock, Fidelity, Bitwise, and Franklin Templeton. Arkham's Identification of

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