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Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions

Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With RedemptionsOver the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Stablecoin Market Remains Steady in June Amidst Crypto Volatility

Stablecoin Market Remains Steady in June Amidst Crypto VolatilityWhile June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows Little Change in June The stablecoin market remained relatively […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Ethena’s USDE Stablecoin Surpasses $3 Billion, Flipping First Digital’s FDUSD

Ethena’s USDE Stablecoin Surpasses  Billion, Flipping First Digital’s FDUSDThis weekend, Ethena’s synthetic U.S. dollar stablecoin USDE reached the $3 billion range. As of June 2, 2024, USDE has surpassed First Digital’s FDUSD stablecoin. Ethena’s Synthetic Stablecoin USDE Exceeds $3 Billion Launched in February, the synthetic U.S. dollar stablecoin USDE, which offers yield earnings on holdings, has exceeded the $3 billion threshold. As of […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Top Trader Reveals ‘Obvious’ Altcoin Play Amid Potential Spot Ethereum ETF Approval

Top Trader Reveals ‘Obvious’ Altcoin Play Amid Potential Spot Ethereum ETF Approval

A top crypto trader thinks one Ethereum (ETH)-based decentralized finance (DeFi) token is an “obvious play” amid recent ETH developments. The pseudonymous analyst known as the Flow Horse tells his 216,500 followers on the social media platform X that the governance token of Ethena (ENA) looks promising. “Looking to go for round 2 of a […]

The post Top Trader Reveals ‘Obvious’ Altcoin Play Amid Potential Spot Ethereum ETF Approval appeared first on The Daily Hodl.

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit

Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit

A new Ethereum (ETH)-based USD-pegged stablecoin is getting a boost from one of the world’s largest crypto exchanges. Ethena Labs has announced that USDe, the stablecoin of the Ethena (ENA) ecosystem, is being integrated by Bybit, the third largest crypto exchange by trading volume. “We are excited to share one of the most important developments for USDe adoption to date. As of […]

The post Ethena’s USDe To Be Integrated Into Third Largest Global Crypto Exchange Bybit appeared first on The Daily Hodl.

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Top Trader Says Says One New Altcoin Project Set To Go Much Higher Amid ‘Reliable Setups’ In Market

Top Trader Says Says One New Altcoin Project Set To Go Much Higher Amid ‘Reliable Setups’ In Market

A widely followed crypto analyst believes one Ethereum (ETH)-based decentralized finance (DeFi) token is being set up for a large rally. According to pseudonymous trader The Flow Horse, the governance token of Ethena (ENA) is one of many new altcoins presenting opportunities, but requires patience for payoff. “There are a couple pairs that I am eyeing that are […]

The post Top Trader Says Says One New Altcoin Project Set To Go Much Higher Amid ‘Reliable Setups’ In Market appeared first on The Daily Hodl.

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

New Competitors Eating Away At Tether’s USDT Stablecoin Dominance: Kaiko Analytics

New Competitors Eating Away At Tether’s USDT Stablecoin Dominance: Kaiko Analytics

Market intelligence platform Kaiko Analytics reports that new competitors are chipping away at Tether’s (USDT) stablecoin dominance. In a new report titled “Tether Loses Market Share,” Kaiko Analytics says that the stablecoin issuer’s market share over centralized exchange platforms (CEXs) has dipped 13% year-to-date (YTD) due to the growth of rival dollar-pegged digital assets, such […]

The post New Competitors Eating Away At Tether’s USDT Stablecoin Dominance: Kaiko Analytics appeared first on The Daily Hodl.

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia

Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia

A widely followed crypto analyst and trader is expressing bullish sentiment on a Solana (SOL) competitor while offering his forecast on three altcoins. Starting with Sei (SEI), the analyst pseudonymously known as Altcoin Sherpa tells his 215,200 followers on the social media platform X that the native token of the layer-1 blockchain “could be a […]

The post Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia appeared first on The Daily Hodl.

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and Others

Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and Others

A widely followed crypto strategist is warning about the altcoin market as projects like Chainlink (LINK) correct. Pseudonymous analyst Altcoin Sherpa tells his 214,900 followers on the social media platform X that most altcoins may enter a months-long consolidation phase. “It’s quite possible that altcoins are done for the next one to four months. There […]

The post Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and Others appeared first on The Daily Hodl.

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Analyst Says One Memecoin Setting the Stage for Stronger Rally, Names Altcoin Presenting Opportunity After Dip

Analyst Says One Memecoin Setting the Stage for Stronger Rally, Names Altcoin Presenting Opportunity After Dip

An analyst known for making timely altcoin calls says one Dogecoin (DOGE) rival will make a huge comeback after the crowd takes their attention elsewhere. Pseudonymous analyst The Flow Horse tells his 210,100 followers on the social media platform X that he’s long-term bullish on the memecoin dogwifhat (WIF). According to the top trader, WIF […]

The post Analyst Says One Memecoin Setting the Stage for Stronger Rally, Names Altcoin Presenting Opportunity After Dip appeared first on The Daily Hodl.

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?