Author: Admin-aX9d7
Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tether’s USDt continues to lead among US dollar-pegged stablecoins, even as competition intensifies.As of April 25, Tether (USDT) has a roughly 66% market share among stablecoins, compared to around 28% for USDC (USDC), Nansen said in the April 25 report. Ethena’s USDe stablecoin ranks a distant third, touting a market share of just over 2%. Nansen expects Tether’s lead to endure even as rivals such as USDC clock faster growth rates. “With nearly 3x as many…
The total supply of Bitcoin on exchanges has reached its lowest level in seven years, after dropping to 2.488 million BTC on Friday.Exchange reserves currently sit at 2.492 million, having increased by around 40,000 BTC over the weekend, yet the level remains its lowest since October 2018, according to CryptoQuant data.This exodus comes as Bitcoin’s price sits at $95,400, with the coin now looking to build on gains posted last week, after the Trump administration voiced willingness to reach a deal on tariffs with China.And while the exchange balance is reaching seven-year lows, Bitcoin funds witnessed $3.2 billion in inflows…
Lawmakers in the Arizona House of Representatives have voted to pass two bills that could allow the state to adopt a reserve using Bitcoin (BTC) or other cryptocurrencies.In a third reading on April 28 of the Senate Bill 1025 (SB1025), a proposal to amend Arizona’s statutes to allow for a strategic BTC reserve, 31 members of the Arizona House voted in favor of the bill, with 25 opposed. A similar bill, SB1373, to establish a state-level digital assets reserve, passed with 37 lawmakers in favor and 19 voting nay.“This bill basically takes the approach that probably 15 other states are…
In brief Bitcoin was largely trading sideways this month. But BTC has regained ground and crypto ETFs generating large inflows. Standard Chartered said American investors are reallocating their positions into the asset. Bitcoin will hit an all-time high of $120,000 this quarter and reach $200,000 by the end of the year as investors increasingly pull money from U.S. assets, and based on other indicators, an analyst at Standard Chartered said in a note Monday. The bank’s Global Head of Digital Assets Research Geoffrey Kendrick highlighted rising yields–which have correlated with past Bitcoin price jumps–accumulation of Bitcoin by whales, and the past…
In brief Bitcoin hovered around $95,000 for much of the day. Ethereum and Solana were down slightly. Key reports on the jobs market and inflation are due out on Tuesday. The price of Bitcoin hovered around $95,000 on Monday, as investors looked for signs of progress on trade negotiations ahead of key data releases this week, which may show how U.S. President Donald Trump’s tariffs are affecting inflation and the economy.The largest cryptocurrency by market capitalization was recently trading hands around $94,800, a 0.4% increase over the past 24 hours, according to crypto data provider CoinGecko. Most altcoins showed slight…
21h05 ▪ 3 min read ▪ by Ariela R. The Chinese giant Huawei has just reached a strategic milestone in the global AI battle. Indeed, the company is currently testing its new Ascend 910D chip. It is designed to surpass Nvidia’s famous H100. A breakthrough with significant consequences, amid strengthened American sanctions against China! In brief Huawei is testing its Ascend 910D AI chip to compete with Nvidia and bypass American sanctions. China is strengthening its technological autonomy in AI amid export restrictions imposed by the United States. Huawei strengthens its game with the Ascend 910D to dominate the AI…
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR)Strategy (MSTR) added another 15,355 BTC to its balance sheet over the past week, spending about $1.42 billion on the purchase, or an average price of $92,737 per bitcoin, according to a filing published on Monday.The company’s bitcoin holdings have now risen to 553,555 BTC worth more than $52 billion at bitcoin’s current price just north of $95,000. The average purchase price for MSTR’s total stack is $64,459 each.This latest acquisition was funded through proceeds from the company’s two at-the-market stock offerings, the filing noted. Between April 21 and…
Bitcoin ETFs continued their bullish momentum on Friday, with an additional $380 million in inflows. Ether ETFs also performed strongly, attracting $104 million, marking their best daily performance in months. Bitcoin ETFs Add $380 Million As Ether ETFs Record Biggest Daily Inflow Since February Crypto investors showed no signs of slowing down as bitcoin and […]
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and…
Digital asset funds saw a surge of $3.4 billion in inflows last week, marking the third-largest on record, as investors seek alternatives amid sustained concerns over tariffs. Bitcoin and Ethereum Lead Digital Asset Inflows Digital asset investment products recorded a massive $3.4 billion in inflows last week, the third-largest weekly total on record, according to […]