Tag Archives: Stablecoins

Trump Effect? Solana Stablecoin Supply Jumps 73% Since Mid-January

Posted on by — No Comments ↓

An unprecedented stablecoin supply of 73% has occurred on the Solana blockchain since the middle of January. A new initiative that has captured the attention of the crypto community, the $TRUMP memecoin, was launched at the same time as this spike. Solana has been a significant actor in the crypto space for a long time;… Continue reading Trump Effect? Solana Stablecoin Supply Jumps 73% Since Mid-January→

Stablecoins Market Cap Up By 65% – Driving The Bull Rally Forward?

Posted on by — No Comments ↓

Amidst a momentary pause in the current crypto bull run, stablecoins have emerged as a potential factor capable of driving the market forward. Market analyst Burak Kesmeci has provided much insight on this possibility while highlighting the impressive market gains of these stable digital assets in recent times. Stablecoins Surpass All-Time High Market Cap Value… Continue reading Stablecoins Market Cap Up By 65% – Driving The Bull Rally Forward?→

Secret Bitcoin Driver: Exchanges Receiving $40 Million USDT Fuel Per Day

Posted on by — No Comments ↓

On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new Exchange Flow Balance” here refers to an indicator that keeps track of the net amount of a given… Continue reading Secret Bitcoin Driver: Exchanges Receiving $40 Million USDT Fuel Per Day→

Tether’s USDT Hits New High—330 Million Wallets And Counting

Posted on by — No Comments ↓

As of the end of Q3 2024, Tether’s USDT stablecoin has hit a new record with 330 million on-chain wallets. This shows that USDT is the market leader in stablecoins and is accompanied by an astounding rise in acceptability, particularly among small holders. Stablecoins are becoming more popular for a variety of financial transactions, including… Continue reading Tether’s USDT Hits New High—330 Million Wallets And Counting→

Bitcoin To Smash $100,000? Rapid Stablecoin Exchange Inflows Continue

Posted on by — No Comments ↓

On-chain data shows exchanges have continued to receive stablecoin deposits recently, a sign that could be bullish for Bitcoin and other digital assets. Stablecoin Exchange Netflow Has Remained Positive Recently As pointed out by an analyst in a CryptoQuant Quicktake Exchange Netflow,” which keeps track of the net amount of a given asset that’s moving… Continue reading Bitcoin To Smash $100,000? Rapid Stablecoin Exchange Inflows Continue→

Tron Energy Needs Rise 100% In 3 Months: New All-Time High Incoming?

Posted on by — No Comments ↓

Tron is now in the top 10 blockchains by market cap, flipping Toncoin and Cardano. While there were initial doubts about the network dying a natural death due to the then “superior” competitor Ethereum in the first few years, the smart contracts platform has surpassed expectations. Tron Energy Demand Doubles In 3 Months At spot… Continue reading Tron Energy Needs Rise 100% In 3 Months: New All-Time High Incoming?→

Ethereum Demand Driven By Use In On-Chain Applications, Token Transfers: CoinShares

Posted on by — No Comments ↓

Ethereum (ETH) demand is largely driven by the token’s use in on-chain applications and token transfers, according to a report by CoinShares. Ethereum’s Use-Cases Have Increased, But Long-Term Value Is Missing In a recently published detailed report, CoinShares’ Matthew Kimmell noted that despite Ethereum’s potential to host popular applications in the future, investors are struggling… Continue reading Ethereum Demand Driven By Use In On-Chain Applications, Token Transfers: CoinShares→

Tether (USDT) Surges With Massive Inflows, Closing In On Historic $120 Billion Market Cap Milestone

Posted on by — No Comments ↓

Tether (USDT), the world’s largest stablecoin and the third largest crypto in market cap, has asserted its dominance in the cryptocurrency market and is now close to achieving a significant milestone. Recent data shows a massive influx of money into the crypto industry in the past week, with over $1 billion going into stablecoins. Naturally,… Continue reading Tether (USDT) Surges With Massive Inflows, Closing In On Historic $120 Billion Market Cap Milestone→

As Bitcoin Supply Tightens, Could A Breakout Be On The Horizon?

Posted on by — No Comments ↓

Recent changes in the behavior of Bitcoin on the market suggest the coin could be preparing for its next significant bull run. One important consideration is the fall in Bitcoin reserves on exchanges. Less of Bitcoin is accessible for trading as owners migrate it to cold storage. Historically, this kind of decrease usually comes before… Continue reading As Bitcoin Supply Tightens, Could A Breakout Be On The Horizon?→

Traders Move $4.7 Billion To Stablecoins Amid Crypto Market Uncertainty – Details

Posted on by — No Comments ↓

The crypto market is experiencing a notable shift in liquidity as investors acquire massive amounts of stablecoins due to market uncertainties in the last few months. CryptoQuant analyst with username Percival has provided more insights into this trend of capital rotation. Open Interest In Crypto Market Shrinks As Stablecoins See Liquidity Influx Following a rather… Continue reading Traders Move $4.7 Billion To Stablecoins Amid Crypto Market Uncertainty – Details→