Tag Archives: USDC

USDC Expands At 2021 Levels—What’s Driving The Surge?

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Stablecoins, often taking the backseat from Bitcoin and other top cryptocurrencies, are now in the spotlight. According to on-chain data, the stablecoins market has surged to over $200 billion, with Tether’s USDT and USDC as the main growth drivers. Based on CryptoQuant’s data, the stablecoins market increased by $37 billion since the first week of… Continue reading USDC Expands At 2021 Levels—What’s Driving The Surge?→

Stablecoins Hit $200 Billion—Does This Signal A Massive Crypto Rally?

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For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap. According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high,… Continue reading Stablecoins Hit $200 Billion—Does This Signal A Massive Crypto Rally?→

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

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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?→

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

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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→

DeFi Platform Delta Primes Loses $6 Million In Security Breach, Is North Korea Involved?

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Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocol’s users. The attack took $6 million from the project’s pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Hackers Drain $6 Million From DeFi Protocol… Continue reading DeFi Platform Delta Primes Loses $6 Million In Security Breach, Is North Korea Involved?→

POPCAT Jumps 20% As Whales Load Their Bags, Is A ‘Cat Season’ Ahead?

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Solana-based memecoin POPCAT has become a market sensation in the last few months. The token has led the feline sector, becoming the first cat-themed cryptocurrency to reach a $1 billion market capitalization. Whales have noticed the token’s recent performance, loading their bags with millions of tokens in the last few days. Whales Go Popping Their… Continue reading POPCAT Jumps 20% As Whales Load Their Bags, Is A ‘Cat Season’ Ahead?→

Bitcoin Traders Cautious Despite Massive Stablecoin Inflow: What’s Next For BTC?

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Bitcoin buyers might be upbeat after the uptick on August 8. While traders are waiting for a conclusive close above $63,000, confirming bulls of the second half of last week, on-chain data points to risk and traders staying on the sidelines. Traders Cautious: Will The Bitcoin Consolidation Continue? Taking to X, one on-chain analyst said.… Continue reading Bitcoin Traders Cautious Despite Massive Stablecoin Inflow: What’s Next For BTC?→

Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto

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Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits in a very short time. While this could point to recent… Continue reading Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto→

USDC Beats USDT In Transaction Volume By Over 400% – Details

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The seemingly unshakeable reign of Tether (USDT) as the king of stablecoins faces a new challenger. Circle’s USD Coin (USDC) has pulled off a surprise victory, recording a higher transaction volume than Tether in April 2024, according to on-chain analytics from payments giant Visa. This development marks a significant shift in the stablecoin landscape. While… Continue reading USDC Beats USDT In Transaction Volume By Over 400% – Details→