DAI Increases its Supply by 24% in Two Months: Which Are the Reasons?
TL;DR The supply of DAI has increased by 24% over the last two months, rising from 4.42 billion to 5.48 billion. The growing popularity of the Dai Savings…
Cryptocurrencies
Tether Makes a Strong Move in Eastern Europe Hand in Hand with CityPay.io
TL;dR Tether announces investment in CityPay.io to promote cryptocurrency adoption in Eastern Europe. CityPay.io, with over 600 locations in Georgia, is key in the…
Coincheck on Nasdaq: Paving the Way for Cryptocurrency Acceptance
TL;DR Coincheck’s Nasdaq Listing: The Japanese crypto exchange Coincheck is nearing the completion of its listing on Nasdaq through a merger with SPAC Thunder…
Friend Tech Thriving Thanks to Version 2
TL;DR Strong resurgence in activity and adoption of Friend Tech following the release of version 2 on May 3. More than 79,500 users have…
Cardano (ADA) at Risk of Falling to $0.40: Indicators Reveal New Corrective Phase
TL;dR Indicators suggest a possible new corrective phase for Cardano (ADA), with the risk of falling to $0.40. Liquidation signals and open interest support…
The Crypto Funding Surpasses $1 Billion for Second Consecutive Month
TL;DR Cryptocurrency venture capital funding exceeds $1 billion for the second consecutive month. Large investments in companies such as Securitize, Monad, Auradine and Berachain…
Coinbase Announces Staggering First-Quarter Revenue of $1.6 Billion
TL;DR Coinbase’s Robust Growth: Coinbase, the leading US cryptocurrency exchange, announced a staggering first-quarter revenue of $1.6 billion, marking a 72% increase from the…
The Market Awaits the Massive Expiration of Bitcoin and Ethereum Options: What Impact Will It Have on Prices?
TL;DR Today will see a massive expiration of Bitcoin and Ethereum options. Their combined value is $2.4 billion, with a potential impact on prices…
Block, Jack Dorsey’s Company, Under Federal Investigation
TL;DR Federal investigations are examining financial transactions in Square and Cash App, Block’s main units. A former employee has provided internal documents addressing deficiencies…
Bitcoin Losing Dominance: Is It Altcoins’ Time?
TL;DR Decline in Bitcoin dominance: Possible opportunity for altcoins. Reduction in demand for Bitcoin: Slowdown in the growth of long-term holdings and increase in…
Bitcoin Plummets While Miners Continue to Hold Ground
TL;DR Despite the decline in Bitcoin miners’ revenues, there are no signs of capitulation, according to CryptoQuant’s Ki Young Ji. The mining industry faces…