๐๐ Monthly onchain stablecoin volume hit a new all-time high last month, settling more than $1.5 trillion for the first time. #stablecoin
๐๐ค 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 โbuy the rumor, sell the newsโ 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 โbuy the rumor, sell the newsโ pattern as the long-anticipated crypto legislation was finally signed into law.
๐ฒ #SOL Solana Mobile begins shipping Seeker smartphones to more than 50 countries worldwide.
๐๐ฆ MetaMask is set to launch a new stablecoin called โMetaMask USDโ (#mmUSD), which will be issued by Stripe. #stablecoin
๐๐ #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.
๐ธ #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.
๐ข The Altcoin Season Index jumped to 51 โ signaling a potential shift away from #BTC dominance.
๐๐ค #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
๐ค #COIN Mizuho raises target on Coinbase shares to $267 on the back of July volume rebound. theblock.co
๐ค SEC Chairman Gensler's former chief of staff, compared liquid staking to the risky type of mortgage that led to the collapse of Lehman Brothers, which could have negative implications for cryptocurrency. decrypt
๐ฎ๐ฉ Indonesia is exploring the possibility of creating a national BTC reserve. cointelegraph