This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $ 100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by the substantial …
In an unprecedented surge, global crypto investment products experienced a historic influx of $ 2.7 billion last week, signaling strong confidence among investors and propelling assets under management (AUM) back to December 2021 levels. Record $ 2.7 Billion Flows Into Crypto Investments in a Historic Week The record-breaking week saw digital asset investment …
According to the latest figures, Microstrategy’s investment in bitcoin has doubled, showing a 116% increase after the cryptocurrency’s value experienced a significant rise this past week. The company, specializing in business intelligence, has acquired a total of 193,000 bitcoins at an expenditure of $ 6.122 billion, with the current market value of their holdings …
The latest figures reveal that the nine new spot bitcoin exchange-traded funds (ETFs) now control 390,525.3 bitcoins, valued at just over $ 26 billion at current market rates. These nine ETFs are rapidly approaching the holdings of Grayscale’s Bitcoin Trust (GBTC), which presently has 405,713.31 bitcoins in its possession. Emerging Bitcoin ETFs Challenge Grayscale’s …
As the cryptocurrency market swells to a valuation of $ 2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $ 100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $ 300K to $ 100 Billion: Tether’s …
As bitcoin edges closer to its peak historical value, the meme token domain is outperforming many within the crypto economy, boasting a more than 38% increase over the last day. Just four days prior, the meme coin market’s valuation stood at $ 34.32 billion, only to soar to $ 61.59 billion today. From …
Binance, a leading cryptocurrency exchange, has denied allegations made by a Nigerian government official that it is facing a $ 10 billion fine. While Binance maintains its commitment to fostering a positive relationship with the Nigerian government, it firmly states that it will not succumb to pressure to pay for the release of its …
The stablecoin sector experienced a $ 3.26 billion expansion within the last eight days, climbing from $ 140.82 billion to $ 144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth leading amongst the …
In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $ 1.39 billion, with $ 71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $ 40 million compared to January, though the amount collected from fees saw a decrease …
Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $ 80 billion mark, and since that point, it has expanded by an additional $ 11.66 billion. As it hovers above the $ 91 billion threshold, the TVL is approaching the $ 100 billion milestone, a …
The Nigerian government has reportedly slapped the cryptocurrency exchange Binance with a $ 10 billion fine. According to a Nigerian government official, Binance is being punished for causing the local currency’s recent plunge against major currencies. Binance’s Alleged Influence on the Exchange Rate The Nigerian government is reportedly demanding a $ 10 billion …
In an agreement with the New York Department of Financial Services (NYDFS), the Winklevoss-led cryptocurrency exchange Gemini has committed to returning over $ 1 billion to its customers. The settlement, which also includes a $ 37 million fine, comes as a significant development for the exchange amidst several ongoing legal challenges with big-name …
Carson Group, an investment platform with $ 30 billion in assets under management, has reportedly approved four spot bitcoin exchange-traded funds (ETFs) on its platform. The approved funds include Blackrock’s Ishares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC). “We feel it is important to offer these products as a result of …
In recent times, the meme coin sector has experienced a significant increase, climbing over 13% in the past 24 hours. In the span of the last four days, the meme token economy has expanded by $ 3.77 billion, with tokens such as pepe (PEPE) and corgiai (CORGIAI) achieving gains in the double digits. Meme …
On Monday, Feb. 26, 2024, Microstrategy’s Executive Chairman, Michael Saylor, shared that his company has expanded its bitcoin holdings by 3,000, elevating its total to 193,000 bitcoins valued at $ 9.88 billion at the current market rates. **Editor’s Note: Two hours following the publishing of this article bitcoin’s price is above $ 53,400 …