2024 was nothing short of a rollercoaster for crypto aficionados, featuring key milestones that shook the industry. The U.S. Securities and Exchange Commission (SEC) greenlit both spot bitcoin and ethereum exchange-traded funds (ETFs), Bitcoin experienced its fourth halving event, and the digital asset smashed through the $ 100,000 threshold. Buckle up as we revisit …
August Chronicles Another Month of Decline as 9 of 10 Leading Stablecoins Witness Supply Contraction
Over the past 30 days, nine of the leading ten stablecoins by market cap experienced declines, with BUSD witnessing the most significant dip, plunging 16.6%. As we wrapped up August, the combined value of these stablecoins hangs just below the $ 125 billion threshold, continuing a trend of consecutive monthly decreases this year. Major …