πΈ #TRX just recorded $1.4B in realized profit in a single day - the second-largest profit event YTD. glassnode
ππ Monthly onchain stablecoin volume hit a new all-time high last month, settling more than $1.5 trillion for the first time. #stablecoin
ππ€ First Crypto #ETF Outflow in 15 Weeks
Last week marked the first net outflow from crypto ETFs in 15 weeks. This week is also showing continued outflows, reinforcing the βbuy the rumor, sell the newsβ pattern as the long-anticipated crypto legislation was finally signed into law.
Last week marked the first net outflow from crypto ETFs in 15 weeks. This week is also showing continued outflows, reinforcing the βbuy the rumor, sell the newsβ pattern as the long-anticipated crypto legislation was finally signed into law.
π² #SOL Solana Mobile begins shipping Seeker smartphones to more than 50 countries worldwide.
ππ¦ MetaMask is set to launch a new stablecoin called βMetaMask USDβ (#mmUSD), which will be issued by Stripe. #stablecoin
ππ #USDT Paolo Ardoino: 40% of all blockchain fees are paid to send USDt. That's across 9 chains: ETH, Tron, TON, Solana, BSC, Avalanche, Arbitrum, Polygon & Optimism.
πΈ #ETH Applications on Ethereum have generated ~$26.8 billion in user-paid fees since launch.
The 3 biggest contributors to the Ethereum economy or its GDP are: Tether, Uniswap, and Circle.
The 3 biggest contributors to the Ethereum economy or its GDP are: Tether, Uniswap, and Circle.
π’ The Altcoin Season Index jumped to 51 β signaling a potential shift away from #BTC dominance.
ππ€ #ETH Active loans across lending protocols on Ethereum reaches $30 billion, up ~$27 billion since January '23.
Stablecoin supply is expected to ~10x by 2030. Lending protocols host a meaningful % of stables. Their growth is likely coupled. #stablecoin
Stablecoin supply is expected to ~10x by 2030. Lending protocols host a meaningful % of stables. Their growth is likely coupled. #stablecoin
π€ #COIN Mizuho raises target on Coinbase shares to $267 on the back of July volume rebound. theblock.co