Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $ 1.15 billion in sales. NFT Revenues Shrink in April, Certain Bitcoin Collections Buck the Trend As April concluded and May commenced, data reveals that …
USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $ 0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $ …
Bitcoin ETFs Experience Turnaround With $859M Inflows After Previous Outflows
U.S. spot bitcoin exchange-traded funds (ETFs) have enjoyed a streak of positive inflows for four consecutive days, according to the latest figures. This rise in interest comes after a previous week that witnessed five straight days of outflows, totaling a substantial $ 887.6 million. After a Week of Outflows, Bitcoin ETFs Bounce Back Strong …
Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend
On Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $ 53,000 mark the day prior, while ether soared past the $ 3,000 threshold on Tuesday, though both …
Bit.Store Elevates Crypto Payment Experience With Binance Pay Integration
PRESS RELEASE. Main Takeaways: Bit.Store introduces Binance Pay for efficient crypto top-ups. Seamless integration offers a quick, secure method for BitStore cardholders. Collaboration reflects Bit.Store’s commitment to user-friendly crypto solutions. The partnership underscores Bit.Store’s expanding global service outreach. In a significant development for crypto card users, Bit.Store, a front-runner in the cryptocurrency card …