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 …
Gambling Takes Center Stage in This Year’s March Madness
In a year where legal wagering on sports shattered previous records, the NCAA men’s and women’s basketball tournaments are the pinnacle of sports betting, with an estimated $ 2.7 billion expected to be wagered through legal channels. Crypto gambling offers fans the ability to pick their winners with crypto. March Madness Betting Increases, With …