Economist and gold advocate Peter Schiff has declared bitcoin to be in a bear market, despite the recent surge in interest in spot bitcoin exchange-traded funds (ETFs). Additionally, he cautioned that economic data provides conclusive evidence that stagflation is not merely a future prospect for the U.S. economy, “but already a current reality.” Peter Schiff […]
Crypto Economy’s Rise Fuels Defi Sector to Surpass $100 Billion TVL
This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $ 100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by the substantial …
Binance and Coinbase Hold 11% of Crypto Economy’s Net Value, Leading in BTC and ETH Reserves
Statistical data reveals that Binance and Coinbase, two titans in the cryptocurrency exchange arena, cumulatively possess 11.85% of the $ 1.68 trillion digital currency economy. In addition, these prominent trading platforms control 7.83% of the total bitcoin supply, underscoring their significant market influence. Binance and Coinbase’s Market Grip Binance and Coinbase rank as the …