Solana's layer-1 blockchain sees stablecoin supply surpass $3 billion, marking 55.72% growth in three months. USDC leads with 73% dominance, reflecting increased liquidity and capital influx. Factors include meme coin frenzy and expanding DeFi activity. Solana's growth signals its pivotal role in digital asset transactions.
Huang BoEthereum whales have staked millions of dollars worth of ETH recently as the supply decreases. The anticipated upgrade may reduce transaction costs. However, the decreased circulating supply could impact accessibility for some investors.
BerniceUSDC's supply ascends post-SVB crisis, hinting at market recovery.
AlexBlackRock's swift Bitcoin accumulation raises concerns of a supply squeeze, potentially propelling Bitcoin's value to new heights. The intricate dance between institutional power and decentralized assets unfolds as the crypto market faces unprecedented dynamics.
Cheng YuanApproximately 57% of Bitcoin remains dormant for over two years, held by Long-Term Holders (LTHs) setting consecutive highs. This resilient group showcases strong conviction, potentially influencing Bitcoin's supply dynamics. The recent approval of Bitcoin spot ETFs by the US SEC and a decline in BTC stored on exchanges further suggest a supply squeeze. Bitcoin is trading around $45,900, reflecting a 4% increase in the past week. Traders monitor these trends for potential impacts on Bitcoin's price movements.
EdmundIrys plans to fork Arweave, resetting token supply, a move criticized by Arweave's founder as short-sighted and greedy.
BerniceThe announcement, dated August 24, explains that the nation faced a parched climate during the initial half of 2023, leading to intensified heat that subsequently amplified the demand for electricity.
DavinUSDC has regained its $1 peg.
BeincryptoThe total USDC supply on Ethereum has surpassed that of Tether, making the USDT supply on Ethereum second for the first time.
CointelegraphDespite the bearish backdrop for the entire crypto industry, the total stablecoin supply has reached $180 billion, a surge of $9.5 billion over the past 30 days.
Cointelegraph