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VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High

Bitcoin.com
VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High
70th largest market cap
VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time HighA buzz has been generated around a new layer one (L1) proof-of-stake blockchain initiative named Sui, following the network’s mainnet debut on May 3, 2023. The native token SUI has been listed on various cryptocurrency exchanges, drawing attention to the project. On the same day the network launched, SUI peaked at $2.16 per unit, but […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case

Bitcoin.com
Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case
Adam Gottlieb
Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset CaseCourt documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned. The SEC accuses Sun of orchestrating an […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Mike Novogratz Laments US Government’s Penchant for Discussing Crypto While Saying ‘Nothing About AI Regulation’

Bitcoin.com
Mike Novogratz Laments US Government’s Penchant for Discussing Crypto While Saying ‘Nothing About AI Regulation’
AI
Mike Novogratz Laments US Government’s Penchant for Discussing Crypto While Saying ‘Nothing About AI Regulation’Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto regulation, the U.S. government has it “completely upside-down.” ‘A Real Technology […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation

Bitcoin.com
Lido’s Staked Ethereum Token STETH Reaches .3B Market Capitalization, Ranks Ninth by Market Valuation
5.9% APR
Lido’s Staked Ethereum Token STETH Reaches .3B Market Capitalization, Ranks Ninth by Market ValuationWith the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa

Bitcoin.com
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
12th largest
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing VisaAfter dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

Bitcoin.com
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
Banking system
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle significant volume” and that the firm will “stand behind USDC and […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits

Bitcoin.com
Lido’s Liquid Staking Protocol Dominates with .3B in Locked Ethereum, Boosted by Tron Founder’s Deposits
Assets
Lido’s Liquid Staking Protocol Dominates with .3B in Locked Ethereum, Boosted by Tron Founder’s DepositsDuring the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion locked in defi today. While […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder

Bitcoin.com
Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron Founder
asynchronous
Liquid Staking Platform Lido Sees Largest Daily Stake Inflow, Receives 150,000 ETH Reportedly From Tron FounderOn Saturday, the liquid staking protocol Lido tweeted about the largest daily stake inflow to date as 150,000 ethereum was staked. Reports indicate that the ethereum, worth more than $240 million, belongs to Justin Sun, founder of Tron. Liquid Staking Protocol Lido Records 150,000 Ether Inflow Lido, the liquid staking platform with the highest amount […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting

Bitcoin.com
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting
Altcoin issuance
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin MintingOn Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization. Archblock Uses Chainlink to Verify Reserves Before […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

Bitcoin.com
Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
Auto-Conversion
Binance Increases USDC Holdings as BUSD’s Market Cap Slides LowerEight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by […]
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From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

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