ETF Buying Three Times More Bitcoin Supply than New Bitcoin Supply – Here’s What You Must Know
Bitcoin approaches $69,000 with traders optimistic about continued gains, supported by favorable economic policies and strong ETF inflows.
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Bitcoin approaches $69,000 with traders optimistic about continued gains, supported by favorable economic policies and strong ETF inflows.
Solana's layer-1 blockchain sees stablecoin supply surpass $3 billion, marking 55.72% growth in three months. USDC leads with 73% dominance, reflecting increased liquidity and capital influx. Factors include meme coin frenzy and expanding DeFi activity. Solana's growth signals its pivotal role in digital asset transactions.
Stablecoin issuer Circle is bringing USD Coin (USDC) to the Celo (CELO) blockchain, fostering a strategic alliance to enhance stablecoin accessibility. This move aligns with Celo's vision of becoming a leader in real-world adoption, showcasing potential for further innovations in the evolving crypto landscape.
USDT supply surge correlates with Bitcoin's rise, suggesting influence on market trends. Caution urged due to reliance on stablecoin dynamics.
Approximately 57% of Bitcoin remains dormant for over two years, held by Long-Term Holders (LTHs) setting consecutive highs. This resilient group showcases strong conviction, potentially influencing Bitcoin's supply dynamics. The recent approval of Bitcoin spot ETFs by the US SEC and a decline in BTC stored on exchanges further suggest a supply squeeze. Bitcoin is trading around $45,900, reflecting a 4% increase in the past week. Traders monitor these trends for potential impacts on Bitcoin's price movements.
Irys plans to fork Arweave, resetting token supply, a move criticized by Arweave's founder as short-sighted and greedy.
USDC has regained its $1 peg.
Jeremy Spence, better known as “Coin Signals,” must pay around $2.8 million to people he conned in his crypto scheme.
The total USDC supply on Ethereum has surpassed that of Tether, making the USDT supply on Ethereum second for the first time.
The ETH 2.0 deposit contract can only be unblocked after the PoS transition, postponed to the latter half of the year.