Author: NBTC
Tether dominates with $119 billion market cap, while institutions eye stablecoins for crypto entry. Stablecoin supply reaches $162 billion amid rising institutional demand and liquidity hunt Stablecoin supply grew by 3% in August, reaching $162.1 billion despite crypto market downturn. Tether (USDT) leads the stablecoin market with a $119 billion market cap, followed by USDC at $33.5 billion. The stablecoin supply is at $162.1 billion following a $4.7 billion rise in August, which represents a 3% monthly growth, Artemis’ data reveals. This movement represents different trends in the market, such as institutional adoption, the search for stability and liquidity, and…
Floki partners with University of Miami Athletics to boost Valhalla’s exposure, integrating crypto gaming into sports culture. Floki commits donations to Canes Connection for each field goal, aligning sports and philanthropy. Floki expands globally, leveraging Valhalla’s unique gameplay and University of Miami partnership to attract a broader audience. Floki, a prominent cryptocurrency organization, has formalized a multi-year partnership with the University of Miami Athletics. This agreement positions Floki’s MMORPG game, Valhalla, at the center of the university’s athletic activities. FLOKI’S LATEST SPORTING PARTNERSHIP – UNIVERSITY OF MIAMI ATHLETICS– According to an announcement published moments ago, @RealFlokiInu has secured an official…
A market analyst and trader is expressing bearish sentiment on Bitcoin (BTC) amid a correction that has seen the flagship crypto asset fall by around 10% in a week. The analyst pseudonymously known as DonAlt tells 61,800 subscribers of the TechnicalRoundup YouTube channel that Bitcoin appears bearish after recording a series of lower highs and lower lows on the weekly time frame since reaching its all-time high of around $73,800 in March. “Weekly time frame is bearish right now. And it will remain bearish unless we reclaim $60,000… I think $60,000 is now the line in the sand.” The analyst…
Fed member Christopher Waller signaled in a recent speech that the Fed could begin a series of rate cuts this month, but left the scope of those cuts open to interpretation. Notably, Waller avoided specifying whether the cuts would be 25 or 50 basis points, but suggested starting with a 25 basis point cut. Waller also said future decisions would be driven by incoming economic data. Nick Timiraos, often referred to as the “Fed spokesman,” responded to Waller’s comments by highlighting the conditional nature of his statements. Waller explicitly reserved the option to accelerate rate cuts if new data points…
As the cryptocurrency market continues to exhibit volatility, several digital assets have emerged as significant gainers today, led by VITE (VITE), which saw a remarkable surge of 32.5%. The Phoenix Group, a well-known player in the crypto space, highlighted these daily gainers, showcasing a range of tokens that have shown substantial growth over the past 24 hours. DAILY GAINERS$VITE +32.5% $PHA +20.9% $ATR +20.2% $REI +15.9% $AKT +12.2% $HNT +10.9% $DCR +10.3% $CVP +9.6% $SD +8.5% $VIDT +8.3%#dailygainers pic.twitter.com/MmAFKvl2T5 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 27, 2024 VITE, trading primarily on Binance, topped the daily gainer list…
On Thursday, the price of Bitcoin, the leading cryptocurrency, surged to an intraday peak of $62,729 on the Bitstamp exchange. The largest cryptocurrency is up 26% over the past four days after plunging to $49,557, the lowest level since the start of the year. As noted by popular cryptocurrency analyst Byzantine General, the cryptocurrency market has witnessed “the most epic” bear trap ever. Bitcoin collapsed in tandem with global stock markets, but it managed to recover in a swift fashion together with them. On the daily chart, the cryptocurrency recently recorded its biggest green candle ever in dollar terms. card…
Barclays has upgraded both Coinbase and Robinhood to equal weight from underweight. Analysts at the British bank argued that both companies have “matured meaningfully.” Coinbase, in particular, could profit from a friendlier regulatory environment as a result of the presidential election in November, Barclays said. British banking giant Barclays has upgraded both Coinbase (COIN) and Robinhood (HOOD) to equal weight from underweight, citing better business models. Both company’s stocks opened the day higher on Friday after the report was sent out overnight. The stocks later dropped more than 3% as bitcoin (BTC) and broader crypto market index CoinDesk 20 fell.…
Leading cryptocurrency Bitcoin rose above $62,000 in the morning before retreating. BTC, which continues to recover after the sharp and steep decline it experienced last week, has increased by up to 7% in the last 24 hours. This rise was one of Bitcoin’s biggest single-day percentage gains in recent months, and this rise caught investors in short positions upside down. According to Coinglass data, $221 million worth of leveraged positions were liquidated in the last 24 hours, $157.8 million of which were short positions and $63.7 million were long positions. Approximately $100 million worth of short positions in Bitcoin were…
Roaring Kitty is back after a two-month Twitter hiatus, with the meme stock influencer’s return causing the price GameStop (GME) to spike in value. But the post from the notorious meme stock influencer implies that he’s no longer interested in pet supplies retailer Chewy, causing its price to briefly plunge as a result. After two months of silence, Roaring Kitty—aka Keith Gill—has returned with a meme referencing Pixar’s “Toy Story 2,” when the character Andy drops his toy cowboy Woody, saying “I don’t want to play with you anymore.” The market apparently took this as a sign that Gill is…
In the swiftly advancing world of decentralized and blockchain technologies, the development activity operates as a crucial contributor to a project’s growth. As per the statistics from CryptoDep, many AI and Big Data projects have shown substantial developer activity during the past thirty days, indicating a commitment to further advance the technology. ⚡️ Top #AI & Big Data Projects by Developer Activity (30d) Dev.Activity – the development activity of a project done in its public Github repositories. Development Activity metrics are measured in a number of @Github events. #TheGraph – 144#Near – 138#Oraichain – 84.6… pic.twitter.com/Ko3QnqwzXY — 🇺🇦 CryptoDep #StandWithUkraine…