The U.S. Securities and Exchange Commission (SEC) has deferred its decision on the Bitwise 10 Crypto Index exchange-traded fund (ETF), citing the need for additional time to thoroughly review the proposal. SEC Needs More Time to Decide on Bitwise 10 Crypto Index ETF The SEC disclosed its decision to extend the review period for a […]
Magic Eden Surges to Top Spot in NFT Market, Records Stellar $756M Trading Volume in March
Magic Eden, a Solana-based NFT marketplace, achieved its highest monthly trading volume in March, outpacing Blur with a 194.4% increase to $ 756.5 million, attributed to its Diamond reward program and support for creator royalties. This surge led Magic Eden to become the top NFT marketplace by trading volume, dethroning Blur for the first …
Rate Cuts Could be ‘Out the Window’ After March CPI Data Reveals Stubborn Inflation, Tradestation Exec Says
The U.S. Consumer Price Index (CPI) experienced a higher increase than anticipated in March, climbing by 0.4% over the month to reach 3.5%. The Bureau of Labor Statistics reported that the rise was primarily fueled by increases in shelter and gasoline costs. This acceleration in the inflation rate has unsettled the financial markets, with many […]
Bitcoin Miners’ Earnings Hit Record $2 Billion in March Ahead of Halving Event
In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $ 2.01 billion from rewards and transfer fees. Of this total, $ 85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners — Income Peaks at …
Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $ 150 billion mark on March 20, 2024, with an infusion of an additional $ 1.4 billion into the arena since then. Leading the pack in supply growth for March was Ethena’s USDE, soaring by 194.9% over the last …