In October 2024, the latest data shows that decentralized autonomous organizations (DAOs) hold $ 24.5 billion in treasuries, down by $ 12.6 billion since the end of March. Optimism’s DAO, which boasted $ 8.3 billion on Mar. 24, has seen its treasury shrink to $ 3.8 billion, making it the largest …
Bitcoin’s price briefly dipped to an intraday low of $ 59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $ 60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At …
Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing […]
Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover. Data indicates that hundreds of billions of dollars have exited the crypto economy, but some believe a rebound similar to 2020 could still occur. Onlookers […]
Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $ 109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $ 109M NFT sales rebounded in the past seven …