Category: Crypto News

Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth

While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum […]

OTC Crypto Spot Transaction Volume Surges 95% in H1 2024, Driven by Institutional Interest

The over-the-counter (OTC) institutional cryptocurrency market saw a dramatic increase in spot transaction volume in the first half of 2024. A recent report by Finery Markets reveals a 95% year-over-year growth, highlighting a significant rise in institutional engagement. Institutional Interest Drives Massive Growth in Crypto’s Over-the-Counter Industry The Finery Markets team analyzed data from two […]

Plonky3, the Polygon Zero-Knowledge Proving System, Is Production Ready

Polygon Labs has announced that its next-generation zero-knowledge (ZK) proving system, Polygon Plonky3, is now production-ready. This open-source system, licensed under MIT/Apache, empowers developers to build bespoke proving systems for ZKVM or ZK EVM chains, tailored to various use cases. Unlike its predecessor, Plonky2, which was optimized for hardware and recursion, Plonky3 offers greater flexibility […]

Worldcoin Pumps 40% in a Day – Is $5 Incoming?

Worldcoin (WLD) is on a tear, with the coin’s price shooting up over 40% in the past day. This comes after the development team announced they’re locking up investors’ and team members’ coins for much longer than planned. Now, the big question on everyone’s mind is: Can WLD continue rising to the $5 level? Worldcoin […]

Ethereum’s Year-End Price Forecasted by 9 Distinct AI Chatbots: $3,800 to $6,000

During the past year, our newsdesk has explored using generative artificial intelligence (AI) chatbots to predict bitcoin prices and further extended this approach to forecasting the price of an ounce of fine gold. As part of this experiment, this week we used ethereum (ETH), the second largest cryptocurrency by market capitalization, to query several AI […]

HTX Unveils June Performance Report: Achievements Across Diverse Sectors, Highlighting a Forward-Thinking Approach

PRESS RELEASE. Recently, HTX released their June performance report, sharing their key achievements and milestones with users. June was a month of breakthroughs and harvests. The report updates both new and existing users on HTX’s significant progress across various fronts, including operational data, ranking by external institutions, new asset listings, updates from HTX Ventures (the […]

Issuance of TRON-Based USDT Exceeds $60 Billion

In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single stablecoin valued at more than $60 billion. This development underscores the growing influence and adoption […]

Financial Expert’s Contrarian View: Lower Oil Prices, Weaker US Dollar Under Trump

Michael Kao, a financial analyst and commentator renowned for his accurate predictions on oil and the U.S. dollar, offers a contrarian perspective on former President Donald Trump’s potential impact on these markets. Kao argues that Trump’s policies will be deflationary for oil and subsequently weaken the U.S. dollar. Market Analyst Michael Kao Predicts Trump’s Influence […]

US Spot Bitcoin ETFs Attract $422 Million in Single-Day Inflows

U.S. spot bitcoin exchange-traded funds (ETFs) attracted $422.67 million in inflows on Tuesday, marking the highest single-day inflow since June 5. Blackrock’s IBIT led the pack, pulling in $260 million and boosting the fund’s BTC holdings to 322,125.41 BTC, worth over $20 billion. Massive Inflows into U.S. Spot Bitcoin ETFs Highlight Institutional Backing The spot […]