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Whales Buy Up 5% Of Stablecoin Supply, What Are They Up To?
On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks. Whales Have Been Gobbling Up Stablecoin Supply […]
Crypto Bull Run Progresses To ‘Middle’ Phase, Future Outlook Detailed
The cryptocurrency market has witnessed a significant surge after a prolonged bear market and the intensified crypto winter caused by the collapse of crypto exchanges and firms during 2022 and […]
Grayscale falls behind in ETF outflows first time since launch as ARKB loses $87.5 million
Grayscale Bitcoin Trust (GBTC) recorded lower outflows for the first time since the launch of spot Bitcoin ETFs on April 2, after ARK 21Shares (ARKB) posted outflows amounting to $87.5 […]
Aave considers dropping DAI as collateral over contagion concerns from MakerDAO’s USDe move
Marc Zeller, the founder of the Aavechan Initiative, has proposed to the decentralized autonomous organization (DAO) overseeing Aave to remove DAI stablecoin’s collateral status within the protocol’s lending ecosystem. This […]
US, UK enter agreement to develop AI safety standards
The US and the UK signed a Memorandum of Understanding (MOU) to develop standards for AI Safety on April 1. The agreement aims to develop and iterate “robust suites of […]
MakerDAO Initiates Massive $600 Million DAI Investment In USDe And sUSDe
Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs. The proposed allocation […]
Crypto Expert Says Now Is The Time To Get Into Dogecoin, Here’s Why
Crypto analyst Crypto Kaleo recently suggested that now was the best time for investors to position themselves in Dogecoin (DOGE). This came following his statement, which hinted at a price […]
US government moves 30,175 Bitcoin confiscated from Silk Road to Coinbase
The US government transferred 30,175 Bitcoin (BTC), approximately worth $2 billion, to a wallet linked to crypto exchange Coinbase on April 2. The move occurred amid a major dip in […]
Coinbase raises concerns about risks stemming from Ethereum restaking
A recent report by Coinbase has brought attention to the burgeoning restaking sector within Ethereum’s DeFi landscape, pinpointing a series of potential risks that could accompany its growth. While restaking […]
VanEck to manage reserve fund for new Agora Dollar stablecoin venture after $12 million raise
Bitcoin exchange-traded fund (ETF) issuer VanEck is set to oversee the reserve fund for a new stablecoin venture called Agora Dollar (AUSD). The stablecoin firm raised $12 million in a funding […]