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On the third day of U.S. stock market trading, Bitcoin Spot ETFs recorded a trading volume of $1.8 billion, marking a decline from previous days. Volume of Bitcoin Spot ETF Trading Halves on Day 3 Compared to First Two Days. Photo: CCN By the close of trading on
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Ethereum developers have successfully deployed the Dencun upgrade on the Goerli testnet, paving the way for its upcoming mainnet deployment at the end of February. Ethereum Successfully Deploys Dencun Upgrade on Goerli Testnet As reported by Coin68, Dencun represents one of the most significant cryptocurrency upgrade events of 2024. However,
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Grayscale continues its streak of large Bitcoin transfers to Coinbase following the approval of their ETF fund. Grayscale Transfers Additional 18,600 BTC to Coinbase Shortly after the opening of the US stock market trading session on January 17, asset management company Grayscale executed a series of Bitcoin transfers to
DeFi
On the evening of January 16, 2024, Chainlink, the leading oracle project in the cryptocurrency industry, announced that its cross-chain support protocol, Chainlink CCIP, has integrated with Circle's Cross-chain Transfer Protocol (CCTP) to provide users with a secure and reliable way to move the stablecoin USDC across different
DeFi
Socket, the developer behind the Bungee bridge, has confirmed that their cross-chain solution was hacked, resulting in a $3.3 million loss. Update on January 23: In a recent announcement on the afternoon of January 23, Socket revealed that they have recovered 1,032 ETH (valued at $2.3 million)
DeFi
Manta Pacific, the layer-2 blockchain developed by Manta Network, has officially surpassed Base, the layer-2 solution by Coinbase, becoming the fourth largest Ethereum scaling solution by Total Value Locked (TVL). Manta Pacific, the layer-2 blockchain of Manta Network, has reached a TVL peak of $850 million. TVL Trends of Manta
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Sui (SUI) has entered the top 15 leading blockchains by daily and weekly trading volume. Sui (SUI) "Rapidly Accelerates" to Achieve New ATH at $1.45 On January 15th, the layer-1 blockchain Sui (SUI) officially reached a new all-time high (ATH) of $1.45. The coin has been
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TrueUSD (TUSD), a stablecoin reportedly associated with crypto mogul Justin Sun, is experiencing a depegging phase, plummeting to as low as $0.984 on the Binance exchange. Over the past 24 hours, the TUSD/USDT trading pair recorded a trading volume exceeding $410 million, constituting 62% of the global TUSD
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Since its inception in 2018, the stablecoin USDC has demonstrated its resilience within the $12 trillion blockchain transaction market, the company announced. Circle: $130 Billion USDC Remittance Flow into Asia in 2022. Photo: Forkast Circle has just released a new report highlighting significant developments for their stablecoin. According to the
DeFi
On-chain data has recently surfaced, accusing the Polygon Foundation of lacking transparency in their token allocation process. Data tracking entity ChainArgos has highlighted discrepancies in the token allocation to the Staking Contract as per the initial plan. Specifically, instead of the staking contract balance growing from 400 million tokens to
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Tether's USDT now commands over 70% of the total stablecoin supply circulating in the market, surpassing its competitors in 2023. Tether (USDT) Gains 21% Market Share in 2023, Dominates Two-Thirds of Stablecoin Supply. Image: Decrypt Tether, the issuer of USDT, saw its stablecoin market share rise from 50%
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As part of their collaboration, Flare has joined the "Google for Startups" program to boost the Web3 startup ecosystem. Google Cloud Partners as Validator for Flare, FLR Surges 40%. Image: Google The cloud technology platform of tech giant Google has become a validator and infrastructure provider for the
