Latest News
Alexander Deschatres, Head of Sponsorship for Asia at Standard Chartered, has stated that stablecoins could help mitigate the negative impact of potential Federal Reserve rate cuts on U.S. Treasury and money market tokens.
MakerDAO’s rebranded initiative, Sky, announced via X that USDS and SKY have officially launched on the Ethereum network.
TrueX, a cryptocurrency exchange, has announced the adoption of PayPal’s PYUSD stablecoin as its default settlement currency.
According to data from Coinglass, if Bitcoin surpasses the $64,000 mark, the total liquidation pressure for short positions on major centralized exchanges (CEXs) could reach as high as $540 million.
Bitcoin saw its largest intraday gain in over a month on Tuesday, driven by growing expectations that the Federal Reserve may soon reduce interest rates.
On September 19, the Federal Reserve officially announced a 50 basis point cut in the federal funds rate, lowering it to a range of 4.75%-5.00%.
Matt Hougan, Chief Investment Officer at Bitwise, recently wrote that despite Ethereum’s recent underperformance—with the ETH/BTC ratio hitting a three-year low—and challenges such as regulatory risks, increased competition from new chains like Solana, and issues related to token economics, Ethereum’s fundamentals remain robust.
JPMorgan CEO Jamie Dimon, speaking at the Financial Markets Quality Conference, acknowledged that the bank could be a “significant user” of blockchain technology.
Crypto analyst Arndxt has stated that the market is currently at a bottom, with weak sentiment and signs of exhaustion.
Bitcoin has reclaimed the key $60,000 price level for the first time since August 30, and growing interest from institutional players suggests that this time is unique, according to a cryptocurrency analyst.
According to data from CryptoQuant, as of September 16, Bitcoin (BTC) reserves on exchanges have significantly declined, reaching levels last seen in mid-November 2018.
Web3 communication protocol WalletConnect is set to launch its native token, WCT, on Optimism.
According to on-chain analysts, UNI was launched in September 2020. A total of 83% of UNI tokens (830 million) were allocated to the team, investors, advisors, and the community treasury, with a four-year vesting schedule.
CoinGecko released a report revealing that the top ten stablecoins collectively have 8.7 million holders.
The Solana NFT project DeGods has announced the launch of the DEGOD token in collaboration with the NFT marketplace Sniper.