The battle for stablecoin dominance has intensified amidst the broader market rally. New data suggests that the distribution of Tether (USDT) supply between Tron and Ethereum networks appears to alongside Bitcoin’s price cycles. USDT Rivalry In its latest post, CryptoQuant revealed that Tron’s USDT supply was just a fraction of Ethereum’s, with a ratio of…
Nature’s Miracle Holding Inc. (OTCQB: NMHI) surged more than 150% on Wednesday after revealing plans to allocate up to $20 million of its corporate treasury into XRP. The California-based controlled environment agriculture (CEA) firm announced the move early July 23, triggering a sharp rally in its stock. US Public Companies Start Buying XRP Nature’s Miracle…
Recent market dynamics suggest investors may be shifting their focus from Bitcoin to Ethereum and broader exposure of altcoins, according to the latest CryptoQuant report. First time in over a year: ETH spot volume > BTC Last week, ETH spot trading hit $25.7B vs. BTC’s $24.4B, pushing the ETH/BTC spot volume ratio above 1 for…
The Securities and Exchange Commission (SEC) granted accelerated approval for Bitwise’s 10 Crypto Index ETF on July 22, only to reverse the decision hours later through a stay order. The approved ETF would have tracked ten digital assets, including Bitcoin, Ethereum, XRP, Solana, Cardano, SUI, Avalanche, Litecoin, Polkadot, and others, with at least 85% of…
Tether has announced a partnership with INHOPE, the global network focused on fighting Child Sexual Abuse Material (CSAM) online, to stop the illicit use of digital transactions in child exploitation networks. Key Takeaways: Tether has expanded its partnership with INHOPE to combat the use of crypto in child exploitation. The company has frozen $225 million…
A federal cryptocurrency fraud case with unexpected ties to Donald Trump’s circle and senior MoonPay executives has become a legal spectacle after it was briefly sealed in full, then swiftly unsealed, with acting U.S. Attorney Jeanine Pirro blaming court clerks for the confusion. The case, originally filed publicly by the Department of Justice (DOJ) on…
Crypto analyst Xanrox has declared that the Ethereum price is on the brink of recording a parabolic rally to $5,500, a new all-time high (ATH). He also outlined factors that could drive the ETH rally to this target. Ethereum Price Eyes Rally To $5,500 In The Short Term In a TradingView post, Xanrox predicted that…
TL;DR The inclusion of new digital assets on Coinbase’s roadmap resulted in a significant price surge for the affected tokens. Numerous other cryptocurrencies have benefited from the exchange’s support over the past several months, while some have been negatively impacted due to delisting efforts. The Coinbase Effect The US-based cryptocurrency exchange added BankrCoin (BNKR), Jito…
XRP has been one of the standout performers in the crypto market over the past month. Its price has soared by 72% amid a broader altcoin rally fueled by Bitcoin’s march to new all-time highs. However, two critical on-chain indicators now suggest that this uptrend may be losing steam, raising the risk of a near-term…
Pudgy Penguins’ $PENGU is testing a key support level as market forces collide. Whales are accumulating aggressively while NFT activity continues to rocket. The Solana meme coin’s recent pullback follows a wild rally, leaving traders on the lookout for the next big move. Behind the price action, $PENGU continues to evolve beyond its meme coin…