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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
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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
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SEC Chairman Gary Gensler once again affirmed that his agency currently only allows for the creation of spot ETFs for Bitcoin, and not for any other cryptocurrencies. SEC Chairman Responds Vaguely on Prospects for Ethereum Spot ETF. Photo: Bloomberg In an interview with CNBC on January 12th (US time), SEC
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Bitcoin spot ETFs continue to see impressive trading activity, albeit slightly lower than the first day. Bitcoin Spot ETF Trades Reach $3.1 Billion on Second Day - BTC Price Continues Decline According to data from The Block, the second day of Bitcoin spot ETF trading (12/01 - US
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The world's largest cryptocurrency network, Bitcoin, is just 100 days away from its fourth halving event in history. Bitcoin Halving Event 4 Approaches in 100 Days According to data from the Bitcoin network's block explorer Blockchair, Bitcoin is set to undergo its fourth halving event in
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Berachain, a layer-1 project built on Cosmos and EVM-compatible, has announced the launch of its testnet named Artio, paving the way for a mainnet release in Q2/2024. Berachain Launches Artio Testnet, Targets Mainnet by Mid-2024 On the evening of January 11, the layer-1 platform developed on Cosmos and compatible
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After an extensive testing period, Optimism's Canyon upgrade has finally been officially deployed on the mainnet. Optimism Deploys Canyon Upgrade on Mainnet Optimism (OP) officially deployed the Canyon upgrade to the mainnet at 00:00 early morning on January 12, 2024. This is the first major update since
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The Bitcoin spot ETFs opened to impressive trading volumes on January 11 but failed to sustain stable momentum for BTC. ETF Bitcoin Spot Records $4.6 Billion Trading Volume on First Day of Trading Updated as of the evening of January 12, 2024: According to BitMEX Research data, the influx
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Many voices within the crypto community are criticizing Optimism for alleged missteps in selecting projects for distributing OP tokens. Crypto Community Expresses Discontent over Optimism’s Latest Project Funding Round. Photo: Optimism In addition to announcing the upgrade of Canyon to the mainnet on the morning of January 12, the
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Injective, a layer-1 blockchain built on Cosmos infrastructure, has recently released a mainnet upgrade named Volan. Injective Deploys Volan Upgrade, Enhancing Connectivity with Cosmos Chains. Photo: Project Website The focus of this upgrade includes integrating software modules to support Real World Assets (RWA) on-chain, which encompass tangible assets like commodities,