Ripple Labs Starts Burning RLUSD Stablecoin: What Does This Mean for the Upcoming Launch?
TL;DR Ripple Labs has started burning its new stablecoin, RLUSD, as part of efforts to ensure a smooth and successful launch, following a private beta on
Crypto Market (Latest Publications)
Spot Bitcoin ETFs Hit by $127M Outflows After Eight Days of Gains
TL;DR US spot Bitcoin ETFs saw $127 million in net outflows after eight days of gains, with ARKB ETF leading the outflows at $101.97 million. Overall trading
Bitfarms Takes Control of U.S. Mega-Mining Site: 120 MW Capacity Unlocked
TL;DR Bitfarms expands in the U.S.: Bitfarms Ltd. takes control of a new data center in Sharon, Pennsylvania, marking its first large-scale site in the U.S.
Bitcoin Investment Trends: Short-Term Holders Switch to Long-Term Amid Cooling Speculation
TL;DR The Bitcoin market has reached an equilibrium, with a decrease in capital flow and in profit and loss-taking activities. The MVRV Ratio has returned to
Xapo Bank Partners with Hilbert Group to Create $200M Bitcoin-Denominated Fund
TL;DR Hilbert Group and Xapo Bank have launched a Bitcoin-denominated hedge fund with an initial investment of over $200 million, set to begin in September 2024.
Aave Explores BUIDL Integration to Maintain GHO Stablecoin Stability
TL;DR Aave Labs proposes integrating BlackRock’s tokenized fund, BUIDL, with its GHO Stability Module (GSM) to enhance the stability and efficiency of its native stablecoin, GHO. Benefits
Bitcoin Open Interest Drops, but Altcoins Like Ethereum and Solana Stand Firm
TL;DR Bitcoin’s open interest has dropped by 7.5% due to market uncertainties, with BTC trading around $62,300 after a 2.50% decline in the last 24 hours. Altcoins
Bitcoin Bid Liquidity Tanks—Will the $62.5k Dip Trigger a Sell-Off?
TL;DR Bitcoin bid liquidity has dropped to $62,500 while the price faces difficulties at the Wall Street open. BTC price has hit a low of $63,128,
Crypto Sees Largest Weekly Inflow in 5 Weeks—Bitcoin and ETH ETFs in the Spotlight
TL;DR Digital investment product revenues hit $533 million, highest amount in five weeks Bitcoin stands out with inflows of $543 million, while Ethereum faces outflows of
Bitcoin Runes Protocol Nets $162M in Fees as NFT Activity Explodes in 4 Months
TL;DR Bitcoin Runes Protocol: Generated $162.4 million in fees from over 15.6 million transactions in just four months, highlighting its significant impact on the NFT market.
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