During Q4 of 2023, the stablecoin supply available to invest in crypto assets was $ 3.8 billion. This is the first time the net supply of the top five stablecoins has turned positive in nearly two years. In 2023, zero-knowledge (ZK) technology became one of the most consistent talking points in the crypto space. …
Recent data indicates that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is approaching the $ 1 billion threshold. This growth, a 253% increase in supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at 921 million. FDUSD’s Market Value Climbs Toward $ …
A new report from Grayscale Investments reveals that bitcoin ownership is more widely distributed than commonly believed, with 74% of addresses holding less than $ 350 worth. However, around 40% of bitcoin supply is concentrated among institutions like exchanges, miners, governments, public companies, and long-term holders. Grayscale Research Team’s Bitcoin Analysis — Supply …
On Sunday, November 19, 2023, Bitcoin’s hashrate maintained a steady pace at 468 exahash per second (EH/s), surpassing the intended ten-minute block interval average. The most recent block was processed in just 7 minutes and 37 seconds. Present observations suggest that if this trend in block intervals persists, the network could anticipate a 3% increase […]
The scarcity of the bitcoin supply has tightened, as revealed by the recent Glassnode study on onchain activities. Observations show that the inactivity of coins is touching both multi-year and unprecedented peaks, despite a substantial uptick in bitcoin’s value throughout the current year. Bitcoin’s Tightening Supply Defies Price Rally, Reveals Glassnode Study Reflecting on the […]