BUIDL: Setting New Standards in Tokenization
TL;DR Rapid Growth: BlackRock’s BUIDL has become the world’s largest tokenized treasury fund in under six weeks, with $375 million in deposits, capturing nearly 30%...
Market
Circle’s USDC Surpasses Tether’s USDT: A Shift in Stablecoin Preference
TL;DR Circle’s USDC Surpasses USDT: In April 2024, Circle’s USDC saw 166.6 million transactions, surpassing Tether’s USDT’s 163.6 million transactions. Over the past week, USDC...
VISA’s Innovative Approach to Stablecoin Analytics
TL;DR Visa’s Dashboard: Aim to simplify stablecoin data by providing clear facts for four stablecoins across nine blockchains, helping compare them to traditional financial systems....
Bitcoin: Continuous Improvements in Liquidity Drive Growth Expectations
TL;DR The Bitcoin market has experienced improvements in liquidity since the collapse of FTX, especially with the approval of Spot ETFs. Liquidity refers to the...
Mt. Gox’s $9 Billion Bitcoin Payout: A New Dawn for Creditors
TL;DR Impending Payout: Creditors of the defunct Mt. Gox exchange are close to receiving $9 billion in Bitcoin, marking a potential end to a decade-long...
FTX’s $247 Million Token Transfer: Market Implications
TL;DR FTX Treasury Wallet Activity: The FTX Treasury Wallet has transferred assets including 195.87 million FTT tokens (worth approx. $247 million), 2,010 ETH, and 6.36...
Sustainable BTC Mining: The Impact of Bitcoin’s Halving
TL;DR Halving Event Impact: The upcoming Bitcoin halving will reduce block rewards from 6.25 BTC to 3.125 BTC, pushing miners towards more sustainable and economical...
PancakeSwap’s Monumental Token Burn
TL;DR Token Burn: PancakeSwap has destroyed 9.2 million CAKE tokens, worth over $27 million, to reinforce the token’s deflationary mechanism and respond to the increasing demand...
Ethereum Fell by 23% and the Whales Took Advantage of the Crisis
TL;DR Ethereum fell from nearly $3,700 to a minimum of $2,852 per token, a decrease of almost 23%, due to global geopolitical tensions. Despite the...
Bitcoin Whales Refuse to Sell
TL;DR Bitcoin exchange inflows have been low recently, suggesting a lack of interest from whales in selling. The situation resembles previous bullish rallies, but with...