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Djed, Cardano's first algorithmic stablecoin, has officially launched on the mainnet after over a year of development and anticipation. Update on February 1, 2023: Less than a day after its launch, by the afternoon of February 1, over 1.7 million DJED tokens had been issued, with nearly
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Floki Inu DAO has approved a proposal to burn $100 million worth of tokens, leading to a dramatic 100% price increase for FLOKI over the past week. Floki Inu DAO Approves $100 Million Token Burn Proposal, FLOKI Price Skyrockets Floki Inu, a popular meme coin with a charming dog mascot,
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Bitcoin’s mining difficulty surged by 4.68% in the latest adjustment over the weekend, setting a new all-time high. Bitcoin Mining Difficulty (Gold) and BTC Price (Black) Fluctuations from Early 2020 to Present. Source: Glassnode In the biweekly adjustment on January 29, Bitcoin’s mining difficulty increased by 4.
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One of Cardano’s highly anticipated stablecoins, Djed, is set to launch next week. Cardano’s Djed Stablecoin to Launch Next Week According to recent updates, Cardano’s DEX platforms, MuesliSwap and MinSwap, will be launching liquidity pools for the Djed (DJED) stablecoin and its reserve token, Shen (SHEN), next
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Following the Lunar New Year holiday, the first week of February 2023 is set to bring a major macroeconomic event for the crypto market: the Federal Reserve’s interest rate decision. 68 Trading Plan (01/30 – 02/05/2023) – Be Cautious of Fed Interest Rate Decision Review of Last Week’
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On January 25, the OP token of Optimism surged to a new all-time high (ATH) of $2.555, the highest price ever recorded for this token and the peak value since August 2022. Since the start of 2023, OP has skyrocketed by 178%, rising from $0.918 to $2.555,
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The cryptocurrency market experienced a surprising surge early on January 26, breaking out of a period of low volatility earlier in the week, with Bitcoin (BTC) and Aptos (APT) leading the charge. Price Movements of Major Cryptocurrencies as of 08:35 AM on January 26, 2023. Source: Coin360 Starting from
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Electric vehicle manufacturer Tesla has made no new Bitcoin transactions in Q4 2022, according to its latest financial report. Tesla Maintains Bitcoin Investment for Second Consecutive Quarter The Q4 2022 financial report reveals that Tesla still holds Bitcoin worth $184 million, down from $218 million at the end of Q3.
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The Binance stablecoin BUSD has seen its circulating supply drop by over $8 billion since mid-November 2022. According to data from CoinMarketCap, BUSD’s circulating supply hit a low of $15.3 billion on January 25, 2023, showing a continuous decline throughout January. This decline is a direct result of
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The value of Canto's native token, CANTO, has skyrocketed nearly 4x in the past week, setting a new all-time high. According to CoinMarketCap, CANTO is one of the strongest performers in the crypto market over the past 24 hours. On January 25, the price of CANTO surged by
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Ethereum founder Vitalik Buterin has successfully closed his short position on the stablecoin RAI, netting a profit of $92,000 after seven months. According to on-chain data, Vitalik Buterin initially opened his position between May and June 2022 by borrowing 400,000 RAI and selling it for 1.2 million
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Blockchain protocol Injective has announced the launch of a $150 million ecosystem development fund, sparking a 26% surge in the INJ token price. Injective Launches $150 Million Ecosystem Fund, INJ Price Rises 26% On the evening of January 25, Injective (INJ) revealed its plan to allocate $150 million towards developing