After eight consecutive months of ascent, the stablecoin market capitalization has risen to a 24-month high of $161 billion in May.
Monthly archives: May 2024
Argentina’s Milei meets top tech CEOs to boost business relations
Libertarian Argentina has “enormous possibilities” under his leadership, Milei tells Sam Altman.
US Treasury report outlines potential financial risks of NFTs
The government department outlined potential concerns with the NFT market, including terrorist financing, theft, and funding nuclear proliferation.
Solana Meme Coin Solama Soars 55% And Sealana ICO Surges Past $3m As All-American Theme Ignites
Leading the charge among Solana ($SOL) meme coins is Sealana ($SEAL), which recently surpassed the $3 million mark in its presale. Sealana is based on […] Go to Source
‘Coin’ is the currency of Japan’s biggest bank, launches this year
The largest bank in Japan, Mitsubishi UFJ Financial Group Inc, will be launching its official cryptocurrency, ‘Coin’ later this year. Keeping up with the times […] Go to Source
Cathie Wood Says El Salvador’s Bitcoin And AI Plans Could Increase GDP Tenfold In Five Years
Ark Invest CEO Cathie Wood said El Salvador’s focus on Bitcoin and artificial intelligence (AI) could see its GDP soar tenfold by 2029. Wood made […] Go to Source
Volatility Shares To Launch First Leveraged Ethereum ETF In US Next Month
Asset manager Volatility Shares said it will launch the first leveraged Ethereum ETF (exchange-traded fund) in the US on June 4. The launch of Volatility […] Go to Source
Binance Research Says Resurgence of Capital Arriving Back to Crypto Markets – Specifically One Sector
The level of capital flowing into the crypto space has grown by double digits since the start of the year, according to the research arm of Binance digital assets exchange. In a new report, Binance Research says that the “resurgence of markets is here” with decentralized finance (DeFi) being one of the major beneficiaries. “Notably, …
Coinbase-Backed Altcoin Skyrockets Nearly 100% After Earning Listing From Korean Exchange Upbit
South Korean crypto exchange Upbit has announced the new listing of a low-cap altcoin, triggering explosive price action. In a new announcement on May 29, Upbit says they’re listing Bounce (AUCTION), a crypto project focused on blockchain-based auction technology. The project, created by Bounce.Finance, is a decentralized auction platform that allows for the swapping of …
Grayscale’s Ethereum Trust Could Witness $110,000,000 in Daily Outflows if ETH ETFs Are Approved, Says Kaiko
The upcoming spot Ethereum (ETH) exchange-traded funds could initially put selling pressure on the second-largest crypto asset by market cap, according to the market intelligence firm Kaiko. Last week, the U.S. Securities and Exchange Commission (SEC) approved the listing of spot market Ethereum ETFs, paving the way for the products to start trading on US stock exchanges. …
Ripple Donates Additional $25,000,000 to Crypto Super PAC Fairshake Ahead of 2024 Elections
Payments platform Ripple is once again donating millions of dollars to a crypto super PAC as the 2024 US election approaches. According to a new press release, Ripple is doubling up its $25 million contribution to Fairshake, a federal super PAC dedicated to supporting pro-crypto candidates during the election. “This investment is in addition to …
Ape Terminal Founder Hatu Sheikh: Spot Ethereum ETF a Big Moment for Crypto But Just the Beginning
After the approval of Spot Bitcoin exchange-traded funds (ETFs) in January this year, the crypto sector has secured yet another victory with the approval of Spot Ethereum ETFs. On May 23rd, the US Securities and Exchange Commission (SEC) approved a total of eight spot Ethereum ETFs from BlackRock, Fidelity, Franklin, Grayscale, VanEck, Ark Invest 21Shares, …
Ledger Begins Shipping New Hardware Wallet Co-Created by Former iPod Designer
A new hardware crypto wallet designed by the inventor of Apple’s iconic iPod is now being shipped to consumers. According to a new blog post from the French-based startup company manufacturing the device, the Ledger Stax wallet is being delivered to those who pre-ordered it. Says Ledger CEO Pascal Gauthier, “[May 28th] marks a special …
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Bitcoin miner capitulation: 14 days in, compared to 41-day average over the past 5 years
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
PayPal banks on Solana’s stablecoin dominance to bolster PYUSD adoption
PayPal said it has expanded its US dollar stablecoin PYUSD to the Solana blockchain network to empower its users with fast, secure, and cheaper stablecoin transactions, according to a May 29 statement. Solana corroborated this development in a separate statement, adding that PYUSD holders would enjoy a “high throughput and speed of settlement” and a …
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