Analysis of Increasing Total Number of Unique Active Addresses in Stablecoin Transactions Amidst Altcoin Market Cap Decline and SEC Lawsuits
"The fear sentiment generated by the SEC lawsuits has influenced market participants' behavior and their preference for more stable assets."
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"The fear sentiment generated by the SEC lawsuits has influenced market participants' behavior and their preference for more stable assets."
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🔥🔥Market Briefing Monday - 12/06 🔥🔥🌍 BTC trading below $26,000, BTC.D breaks long-term resistance, bearish news for altcoins [More]
🌍 Binance & Coinbase users withdraw a net total of $2.35 billion and $1.8 billion respectively, nearly a week after SEC lawsuit [More]
🌍 Hong Kong opens its doors to welcome Coinbase and other crypto exchanges as the US intensifies crackdown [More]
🌍 Polygon Labs: MATIC serves more than just the US market [More]
🌍 a16z to open an office in the UK, while maintaining strong investment commitment in the US market [More]
+ ALGO & FLOW establish new lows after being labeled "securities" by the SEC [More]
+ Challenges in stablecoin regulation in Europe: Advanced economies support regulations, while emerging countries want stricter measures [More]
+ Gensyn AI raises $43 million in Series A funding led by a16Z [More]
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Top 7 Biggest Token Unlocks in the Next 7 DaysMonitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions. Let’s take a look at this and some other biggest unlocks coming in the next 7 days, including $BIT, $BLUR, $APE, $UNI, $FIL, $LDO and $IMX, according to relevant trackers.
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🔥🔥Market Briefing Tuesday - 13/06 🔥🔥🌍 Binance US hires former SEC enforcement co-director Canellos as a lawyer to join the legal battle against the SEC [More]
🌍 Binance US wants the judge to reject the asset freeze request from the SEC, admitting that CZ owns the BAM Trading bank account but has no control over the assets [More]
🌍 Binance announces the delisting of 19 trading pairs, including 10 BNB pairs and 4 BUSD pairs [More]
🌍 Tether issues 1 billion USDT to support Binance in converting assets from TRON to Ethereum [More]
🌍 Polygon introduces Polygon 2.0, detailed roadmap to be announced in the coming weeks [More]
🌍 Curve founder transfers 38 million CRV tokens, worth around $24 million, to Aave, controlling 32% of the circulating supply [More]
🌍 BlockFi customers may be able to withdraw funds starting this summer [More]
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🔥🔥 Market Briefing - Wednesday, June 14th🌎 The U.S. House of Representatives is set to vote on a bill aimed at establishing a legal framework for cryptocurrencies as early as July 11th [More]
🌎 CZ denies rumors of Binance selling off $BTC and $BNB [More]
🌎 Documents from former SEC official William Hinman reveal flaws in applying current securities laws to cryptocurrencies [More]
🌎 Uniswap unveils version 4 with enhancements to enhance the user experience in on-chain transactions [More]
🌎 Apple threatens to remove Web3 social platform Damus from the App Store unless it removes the Bitcoin tipping feature from posts [More]
🌎 Ordinals 2.0 brings improvements to the Bitcoin network, reducing the network's burden and integrating smart contract capabilities [More]
🌎 Binance Launchpool introduces its 34th project - Maverick Protocol (MAV), allowing users to stake $BNB & $TUSD
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🏆 Top Arbitrum Protocols by Total Value Locked
The total value of assets locked in Arbitrum $ARB is around $3.29B, according to DefiLlama.com. Let’s compare the top DeFi-protocols on Arbitrum L2 by current TVL in USD, in order to evaluate their adoption scale. With over $784M in TVL, GMX $GMX is the outstanding leader by liquidity, followed by Radiant Capital $RDNT, Uniswap $UNI, AAVE $AAVE and others.
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The total value of assets locked in Arbitrum $ARB is around $3.29B, according to DefiLlama.com. Let’s compare the top DeFi-protocols on Arbitrum L2 by current TVL in USD, in order to evaluate their adoption scale. With over $784M in TVL, GMX $GMX is the outstanding leader by liquidity, followed by Radiant Capital $RDNT, Uniswap $UNI, AAVE $AAVE and others.
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As of May 2023, Coin Metrics estimates Bitcoin network total power draw at roughly 13.4 gigawatts (GW), or about 16% less than Cambridge University’s estimate of 15.9 GW. This also puts Bitcoin in the vicinity of 1/10th of 1 percent of global energy use - More
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🔥🔥 Brief Market Update - Thursday, June 15th 🔥🔥🌎 Bitcoin-friendly Miami mayor, Francis Suarez, jumps into the U.S. presidential race [More]
🌎 Brazil issues legal framework for Crypto companies to register operations, effective from June 20th [More]
🌎 Hashflow bridge ($HFT) suffers an attack, requesting users to revoke and committing to compensate $600,000 in damages [More]
🌎 Proposal emerges to freeze collateral asset $CRV of Curve founder to reduce risk for AAVE as $CRV price drops [More]
🌎 MakerDAO votes to remove $390M GUSD (Gemini stablecoin) from the asset reserves [More]
🌎 The Graph "moves house" from Ethereum to Arbitrum to reduce gas costs and speed up transactions [More]
🌎 Re-staking protocol EigenLayer deployed on Ethereum mainnet [More]
🌎 Coinbase's legal director: "Requiring DEX platforms to register with the SEC is infeasible" [More]
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A Whale deposited 1.3K $BTC ($34M) to Binance just before the market dump.
Unfortunately, it withdrew from exchange in May at around $29K.
Its total loss is $4M (-10%) - More
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Unfortunately, it withdrew from exchange in May at around $29K.
Its total loss is $4M (-10%) - More
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Top Ethereum Layer 2 Projects by Total Value LockedThe total value of assets locked in Ethereum Layer 2 systems is almost $8.08B at the moment, according to L2BEAT. Let’s compare the top Layer 2 projects by current TVL in USD.
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🔥🔥Brief Market Update - Friday, June 16th 🔥🔥🌎 Bitcoin surges to $25,500 as U.S. stocks rally, with Apple stock hitting an all-time high [More]
🌎 BlackRock officially files for immediate Bitcoin ETF, awaiting SEC approval [More]
🌎 BinanceUS reportedly begins layoffs after SEC lawsuit [More]
🌎 Celsius proposes converting all Altcoins to BTC and ETH starting from July 1st [More]
🌎 Texas Securities Board alleges Abra lending platform is insolvent [More]
🌎 Web3 social network Lens Protocol introduces new governance model, enabling community-driven protocol improvements [More]
🌎 Uniswap governance selects Wormhole & Axelar as cross-chain bridge implementations [More]
🌎 MakerDAO raises interest rate on DAI stablecoin deposits from 1% to 3.49% to compete with rivals [More]
🌎 Coinbase CEO Brian Armstrong's research project, ResearchHub, secures $5M in Series A funding [More]
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Here is a cool Smart Trader you should add to your watchlist.
It turned $1.5K to $80K (60x portfolio) in just under 2 months.
Fun fact: Its most profitable trade is $ZACH (35x) - More
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It turned $1.5K to $80K (60x portfolio) in just under 2 months.
Fun fact: Its most profitable trade is $ZACH (35x) - More
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Frax Finance [FXS] plans to launch its own L2 blockchain – Fraxchain
Frax $FXS, the first fractional-algorithmic stablecoin system, plans to launch its own Ethereum L2 blockchain named Fraxchain. The team said the network will be directed towards creating a smart contract platform with a strong emphasis on DeFi. Fraxchain will employ the use of the Frax stablecoin $FRAX and Frax Ether, Frax's liquid staking derivative, for transaction fees. The network is expected to be ready by the end of the year. — More
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Frax $FXS, the first fractional-algorithmic stablecoin system, plans to launch its own Ethereum L2 blockchain named Fraxchain. The team said the network will be directed towards creating a smart contract platform with a strong emphasis on DeFi. Fraxchain will employ the use of the Frax stablecoin $FRAX and Frax Ether, Frax's liquid staking derivative, for transaction fees. The network is expected to be ready by the end of the year. — More
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🔥🔥 Brief Market Update - Monday, June 19th 🔥🔥
🌎 BTC closes the week in the green at $26,339, while Altcoins and U.S. stocks experience slight declines [More]
🌎 Grayscale's GBTC shares rise amid hopes for approval of BlackRock's Bitcoin ETF Spot fund [More]
🌎 Indonesia allows trading of 501 cryptocurrencies, including those listed as securities by the U.S. SEC [More]
🌎 BNB Chain to announce big news today, possibly related to the launch of Layer 2 [More]
🌎 Court rules AGAINST asset freeze for BinanceUS: "No evidence to suggest BinanceUS misused customer assets" [More]
🌎 Binance ordered to cease operations in Nigeria as an impostor company [More]
🌎 ZachXBT raises over $1M from CZ, Jess Powell, and others to pursue legal action against Machi Big Brother [More]
🌎 U.S. Treasury continues to raise funds by issuing bonds as national debt surpasses $32 trillion [More]
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🌎 BTC closes the week in the green at $26,339, while Altcoins and U.S. stocks experience slight declines [More]
🌎 Grayscale's GBTC shares rise amid hopes for approval of BlackRock's Bitcoin ETF Spot fund [More]
🌎 Indonesia allows trading of 501 cryptocurrencies, including those listed as securities by the U.S. SEC [More]
🌎 BNB Chain to announce big news today, possibly related to the launch of Layer 2 [More]
🌎 Court rules AGAINST asset freeze for BinanceUS: "No evidence to suggest BinanceUS misused customer assets" [More]
🌎 Binance ordered to cease operations in Nigeria as an impostor company [More]
🌎 ZachXBT raises over $1M from CZ, Jess Powell, and others to pursue legal action against Machi Big Brother [More]
🌎 U.S. Treasury continues to raise funds by issuing bonds as national debt surpasses $32 trillion [More]
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Today, BTC and ETH's 90D volatility is at multi-year lows, closely matching the trend in trade volume.
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🔥🔥 Brief Market Update - Tuesday, June 20th 🔥🔥
🌎 Bitcoin approaches $27,000 mark – Altcoins surge as major institutions enter the market [More]
🌎 UK House of Lords approves crypto and stablecoin legislation, next step is consideration by the House of Commons for approval [More]
🌎 Rumors circulate about Fidelity potentially acquiring Grayscale or filing for a Bitcoin ETF to compete with BlackRock [More]
🌎 Do Kwon sentenced to 4 months in prison in Montenegro for using a fake passport before being extradited to the United States or South Korea [More]
🌎 Ethereum developers propose raising the staking limit for validators from 32 ETH to 2,048 ETH to alleviate pressure as the network sees a high number of validators [More]
🌎 Frax founder supports the proposal to buy back $FXS tokens whenever the price falls below $4 [More]
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🌎 Bitcoin approaches $27,000 mark – Altcoins surge as major institutions enter the market [More]
🌎 UK House of Lords approves crypto and stablecoin legislation, next step is consideration by the House of Commons for approval [More]
🌎 Rumors circulate about Fidelity potentially acquiring Grayscale or filing for a Bitcoin ETF to compete with BlackRock [More]
🌎 Do Kwon sentenced to 4 months in prison in Montenegro for using a fake passport before being extradited to the United States or South Korea [More]
🌎 Ethereum developers propose raising the staking limit for validators from 32 ETH to 2,048 ETH to alleviate pressure as the network sees a high number of validators [More]
🌎 Frax founder supports the proposal to buy back $FXS tokens whenever the price falls below $4 [More]
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🔥🔥 Brief Market Update - Wednesday, June 21st 🔥🔥
🌎 $1.49 trillion asset management firm INVESCO refiles for Bitcoin Spot ETF registration [More]
🌎 Binance begins integrating Bitcoin Lightning Network, aiming to reduce costs and increase transaction throughput on the Bitcoin network [More]
🌎 Proposal to increase the staking limit for validators sparks debate within the Ethereum community [More]
🌎 SpaceID community is voting on a proposal to use 50% of revenue from March 23rd to June 23rd to buy back and burn ID tokens [More]
🌎 Polygon Labs proposes upgrading the current PoS sidechain to "zkEVM Validium" Layer 2, running in parallel with the existing Polygon zkEVM [More]
🌎 CEO of OpenAI's stablecoin project Reserve spends $20 million to acquire $CRV, $CVX, $SDT tokens to enhance liquidity for Rtokens stablecoin [More]
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🌎 $1.49 trillion asset management firm INVESCO refiles for Bitcoin Spot ETF registration [More]
🌎 Binance begins integrating Bitcoin Lightning Network, aiming to reduce costs and increase transaction throughput on the Bitcoin network [More]
🌎 Proposal to increase the staking limit for validators sparks debate within the Ethereum community [More]
🌎 SpaceID community is voting on a proposal to use 50% of revenue from March 23rd to June 23rd to buy back and burn ID tokens [More]
🌎 Polygon Labs proposes upgrading the current PoS sidechain to "zkEVM Validium" Layer 2, running in parallel with the existing Polygon zkEVM [More]
🌎 CEO of OpenAI's stablecoin project Reserve spends $20 million to acquire $CRV, $CVX, $SDT tokens to enhance liquidity for Rtokens stablecoin [More]
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🔥🔥 Brief Market Update - Thursday, June 22nd 🔥🔥
🌎 FUD (Fear, Uncertainty, Doubt) surrounding TUSD increases while Binance offers free maker trades with this stablecoin [More]
🌎 Three Arrows Capital makes a comeback as 3AC Ventures and invests in the OPNX exchange, backed by Zhu Su himself [More]
🌎 NFT exchange Zora raises $80 million and launches a Layer 2 solution on the Optimism's OP Stack [More]
🌎 MakerDAO and Circle increase their holdings of US government bonds as reserves for the stablecoins DAI and USDC [More]
🌎 USDT will be deployed on Kava Chain, a Layer 1 solution on Cosmos, starting from July 3rd [More]
🌎 Arpa Network launches on the Ethereum Mainnet and mints an additional 500 million ARPA tokens as staking rewards [More]
🌎 Binance Labs leads a $10 million investment round in the Neutron project, a secure interchain infrastructure on Cosmos [More]
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🌎 FUD (Fear, Uncertainty, Doubt) surrounding TUSD increases while Binance offers free maker trades with this stablecoin [More]
🌎 Three Arrows Capital makes a comeback as 3AC Ventures and invests in the OPNX exchange, backed by Zhu Su himself [More]
🌎 NFT exchange Zora raises $80 million and launches a Layer 2 solution on the Optimism's OP Stack [More]
🌎 MakerDAO and Circle increase their holdings of US government bonds as reserves for the stablecoins DAI and USDC [More]
🌎 USDT will be deployed on Kava Chain, a Layer 1 solution on Cosmos, starting from July 3rd [More]
🌎 Arpa Network launches on the Ethereum Mainnet and mints an additional 500 million ARPA tokens as staking rewards [More]
🌎 Binance Labs leads a $10 million investment round in the Neutron project, a secure interchain infrastructure on Cosmos [More]
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🔥🔥 Brief Market Update - Friday, June 23rd 🔥🔥
🌎 US Presidential candidate Robert F. Kennedy Jr. continues to support Bitcoin-related policies [More]
🌎 Fed Chair Powell maintains a cautious stance on interest rates during two congressional hearings
🌎 Binance Brazil's CEO is summoned to testify before the country's Congress [More].
🌎 CACEIS, a $4.51 trillion asset management company, registers for crypto custody services in France [More].
🌎 Optimism announces a reward of 30 million OP tokens for the winners of RetroPGF 3 project and individual categories [More].
🌎 Offchain Labs launches a tool to help projects build Layer 3 solutions using Arbitrum Orbit [More].
🌎 Wintermute strategically invests in the Vertex Protocol DEX [More].
🌎 SEC fines JP Morgan after the bank "accidentally" deletes 47 million customer records [More].
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🌎 US Presidential candidate Robert F. Kennedy Jr. continues to support Bitcoin-related policies [More]
🌎 Fed Chair Powell maintains a cautious stance on interest rates during two congressional hearings
🌎 Binance Brazil's CEO is summoned to testify before the country's Congress [More].
🌎 CACEIS, a $4.51 trillion asset management company, registers for crypto custody services in France [More].
🌎 Optimism announces a reward of 30 million OP tokens for the winners of RetroPGF 3 project and individual categories [More].
🌎 Offchain Labs launches a tool to help projects build Layer 3 solutions using Arbitrum Orbit [More].
🌎 Wintermute strategically invests in the Vertex Protocol DEX [More].
🌎 SEC fines JP Morgan after the bank "accidentally" deletes 47 million customer records [More].
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🔥🔥 Brief Market Update - Friday, June 23rd 🔥🔥
🌎 US Presidential candidate Robert F. Kennedy Jr. continues to support Bitcoin-related policies [More].
🌎 Fed Chair Powell maintains a cautious stance on interest rates during two congressional hearings.
🌎 Binance Brazil's CEO is summoned to testify before the country's Congress [More].
🌎 CACEIS, a $4.51 trillion asset management company, registers for crypto custody services in France [More].
🌎 Optimism announces a reward of 30 million OP tokens for the winners of RetroPGF 3 project and individual categories [More].
🌎 Offchain Labs launches a tool to help projects build Layer 3 solutions using Arbitrum Orbit [More].
🌎 Wintermute strategically invests in the Vertex Protocol DEX [More].
🌎 SEC fines JP Morgan after the bank "accidentally" deletes 47 million customer records [More].
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🌎 US Presidential candidate Robert F. Kennedy Jr. continues to support Bitcoin-related policies [More].
🌎 Fed Chair Powell maintains a cautious stance on interest rates during two congressional hearings.
🌎 Binance Brazil's CEO is summoned to testify before the country's Congress [More].
🌎 CACEIS, a $4.51 trillion asset management company, registers for crypto custody services in France [More].
🌎 Optimism announces a reward of 30 million OP tokens for the winners of RetroPGF 3 project and individual categories [More].
🌎 Offchain Labs launches a tool to help projects build Layer 3 solutions using Arbitrum Orbit [More].
🌎 Wintermute strategically invests in the Vertex Protocol DEX [More].
🌎 SEC fines JP Morgan after the bank "accidentally" deletes 47 million customer records [More].
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🔥🔥 Brief Market Update - Friday, June 30th 🔥🔥
🌎 Strong US economy: Real GDP increased by 2%, higher than the previous report of 1.3%; Initial jobless claims dropped to 239K, the lowest level in the month
🌎 Fidelity officially refiles for the Bitcoin ETF fund, now named Wise Origin Bitcoin Trust [More]
🌎 Germany denies crypto custody license to Binance [More].
🌎 Derivatives giant CME prepares to launch futures contracts for the ETH/BTC pair [More].
🌎 3iQ ETF (Canada) partners with Coinbase to offer ETH staking services [More].
🌎 PancakeSwap expands to Polygon ZkEVM [More].
🌎 Coinbase's Layer 2 Base completes an audit, preparing for the mainnet launch [More].
🌎 Drift Protocol on Solana experiences significant growth due to the LSDFi trend-following service from Ethereum [More].
🌎 Melania Trump releases a collection of 3,000 NFTs to celebrate the US Independence Day on July 4th [More].
🌎 Strong US economy: Real GDP increased by 2%, higher than the previous report of 1.3%; Initial jobless claims dropped to 239K, the lowest level in the month
🌎 Fidelity officially refiles for the Bitcoin ETF fund, now named Wise Origin Bitcoin Trust [More]
🌎 Germany denies crypto custody license to Binance [More].
🌎 Derivatives giant CME prepares to launch futures contracts for the ETH/BTC pair [More].
🌎 3iQ ETF (Canada) partners with Coinbase to offer ETH staking services [More].
🌎 PancakeSwap expands to Polygon ZkEVM [More].
🌎 Coinbase's Layer 2 Base completes an audit, preparing for the mainnet launch [More].
🌎 Drift Protocol on Solana experiences significant growth due to the LSDFi trend-following service from Ethereum [More].
🌎 Melania Trump releases a collection of 3,000 NFTs to celebrate the US Independence Day on July 4th [More].