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Stablecoins and ETH Dominate High-Yield Opportunities As ETH Holds Above $3K

As Ethereum continues to trade above the $3,000 mark, stablecoins, ETH, and ETH derivatives are leading the charge in high-yield opportunities, leaving other large-cap cryptocurrencies mostly in the shadows.  CoinShares recently reported substantial inflows into digital asset investment products, with a notable $932 million received last week.  This surge is largely attributed to market expectations […]

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Stablecoin Market Caps: Key Indicator For Crypto’s Next Move?

As cryptocurrency prices rebound, a crucial factor to watch for validating this bounce is the growth in stablecoin market caps. From mid-October to mid-April, the combined market caps of major stablecoins like $USDT, $USDC, $DAI, $BUSD, $USDP, and $TUSD surged by 25%. This increase supported rising trading volumes and indicated investors’ preference to keep their […]

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Large Wallets Accumulate Stablecoins Amid Rising Market Caps

Over the past three weeks, there has been a noticeable trend of large wallets rapidly accumulating stablecoins. Wallets holding at least $5 million in cryptocurrency have collectively increased their holdings by 5.09% of the combined supplies of major stablecoins such as USDT, USDC, BUSD, DAI, TUSD, and USDP. According to data from Santiment, the total […]

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DAI Leads Stablecoin Market with Over 50% Transaction Volume

The stablecoin market has experienced significant growth, witnessing an increase of $11.4 billion in market capitalization over the past four months. Notably, whale wallets holding $5 million or more have accumulated 2.32% of the top six stablecoins within just four weeks. 🥳 #Bitcoin has officially climbed above $50K for the first time since December 27, […]

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$DAI Had Processed More Than 50% Of All Stablecoin Volume For The Past Two Weeks

Stablecoins play a pivotal role in the cryptocurrency realm, evolving from a total supply of $1B in 2018 to surpassing $120B by 2023.  While Tether (USDT) continues to hold its position as the market leader, DAI has emerged as a significant player, processing over 50% of all stablecoin volume in the past fortnight. Since late […]