Stablecoin market cap hits record high of $226B, indicating capital rotation
The stablecoin market cap has reached a new all-time high of $226.8 billion, up from $132 billion in January 2024. According to data from DefiLlama, $2.43 billion in stablecoins was added in the past week alone. With a market value…...
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Latest Draft of U.S. Stablecoin Bill Aims to Split Power Between State and Federal Authorities
The latest draft of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, introduced before a hearing Tuesday, proposes a significant shift in the approach to stablecoin oversight. The draft want to split stablecoin regulation between state and federal authorities, while also introducing new enforcement and transparency...
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SEC considers dropping controversial rule affecting crypto firms
A controversial rule that expanded the definition of exchanges to include crypto firms may be abandoned as U.S. Securities and Exchange Commission Acting Chairman Mark Uyeda calls for a reassessment. The regulation in question is a 2020 rule originally designed…...
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Bitcoin (BTC) Dumped to a 4-Month Low, Liquidations Soar to Almost $1 Billion
The bullish narrative of this cycle has been put to a serious test lately as the cryptocurrency sector continues to sink. Its total market capitalization plummeted below $2.7 trillion, while Bitcoin (BTC), Ethereum (ETH), and many other leading digital assets tanked to multi-month lows. Several hours ago, the primary...
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Solana revenue slumps 93% from January high after memecoin bubble bursts
Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off. Weekly network revenue on the Solana blockchain hit a record high of $55.3 million in mid-January amid the height of the memecoin minting frenzy. However,...
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Dogecoin ‘Millionaire’ Labels Ongoing Crypto Meltdown A ‘Final Shakeout,’ But Here’s What These Analysts Think About DOGE’s Potential
Glauber Contessoto, popularly known as SlumDOGE Millionaire, posted a series of optimistic takes on the cryptocurrency market on Monday, in stark contrast to the ongoing meltdown. What happened: Contessoto took to X, saying, “The moment of truth, the final shakeout.” The moment of truth, the final shakeout — SlumDOGE...
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Yuga Labs VP: Ethereum could bottom at $200–$400 if bear market is just beginning
Ethereum could see a drastic price drop to as low as $200–$400 if the crypto market has entered a new bear cycle, according to Quit, vice president of blockchain at Yuga Labs. In a Mar. 11 post on X, Quit…...
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Dormant Ether Whale Moves $13M in ETH to Kraken
An ether (ETH) whale, who has held the token since its initial coin offering (ICO), made waves on Monday as it moved ETH worth millions to crypto exchange Kraken, according to blockchain sleuth Spot on Chain. The whale deposited 7,000 ETH, worth $13.8 million at press time, to Kraken...
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Eric Trump’s ‘Great Time’ To Buy ETH Backfires? Ethereum Plunges 30% Since His Buy Call
A little more than one month after Eric Trump thought the time was ripe to buy Ethereum (CRYPTO: ETH), the second-largest cryptocurrency has plummeted 32%. What happened: Eric Trump, Executive Vice President of The Trump Organization, has taken a bullish stance since his father, Donald Trump, assumed the U.S....
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Mt. Gox transfers $931M in BTC to unknown addresses amid market uncertainty
Mt. Gox, the defunct crypto exchange, has transferred 11,833.6 Bitcoin, worth approximately $931 million, to new addresses, sparking fears of potential sell-offs. According to on-chain data from Arkham Intelligence, the Bitcoin transfers, which took place on Mar. 11, saw 11,501.58…...
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