On Sunday morning Eastern Time (ET), bitcoin’s trading value hovers slightly over the $ 37,000 mark per unit, peaking at $ 37,294 for the day. There’s a slight dip in BTC trading volume over the weekend compared to the previous weekday, totaling $ 10.76 billion of the crypto economy’s $ 67.15 …
In the span of the past 85 days, the recently introduced stablecoin known as FDUSD has witnessed a significant surge in its circulating supply, soaring by 62% since the commencement of August. This surge in supply has propelled FDUSD into the echelons of the top ten stablecoins by market capitalization, while its market volume share […]
Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents’ day-to-day lives.” With a regional volume of 9.3%, Sub-Saharan Africa’s BTC share outranks all regions including North America (9.0%) and Eastern Europe (8.2%). Nigeria Epitomizes […]
For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $ 124 billion, following notable reductions across several projects. Yet, stablecoins still dominate in terms of global trade volume, accounting for 61% of all settled …
In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $ 1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times for Stablecoins: Major Players Hit …