Cryptocurrency
$46B poured into stablecoins last quarter: Here’s who took the lead
PositiveCryptocurrency
In the third quarter, stablecoins saw a remarkable increase of $46 billion in net supply, with USDT, USDC, and USDe leading the charge. This surge highlights the growing confidence in stablecoins as a reliable digital asset, attracting significant investments and reshaping the cryptocurrency landscape. Understanding where these funds are flowing and the implications for the market is crucial for investors and enthusiasts alike.
Stablecoins break $300B market cap, post 47% growth year-to-date
PositiveCryptocurrency
The stablecoin market has reached a significant milestone, surpassing a $300 billion market cap with a remarkable 47% growth year-to-date. This surge not only reflects the increasing adoption of stablecoins in the financial ecosystem but also indicates a broader acceptance of cryptocurrency as a viable alternative to traditional currencies. As more users and businesses embrace stablecoins for transactions and savings, this trend could reshape the future of digital finance.
Bitcoin due for squeeze as record $88B open interest sparks ‘flush’ worries
NegativeCryptocurrency
Bitcoin futures have reached an unprecedented level of open interest at $88 billion, raising concerns about a potential 'liquidity flush' in the coming weeks. This situation is significant as it indicates heightened market activity and could lead to increased volatility, affecting investors and traders alike. Understanding these dynamics is crucial for anyone involved in cryptocurrency, as they may face sudden market shifts.
Here’s what happened in crypto today
NeutralCryptocurrency
Today's crypto news highlights the latest trends and events affecting Bitcoin and the broader cryptocurrency market. With ongoing developments in blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs), and regulatory changes, it's crucial for investors and enthusiasts to stay informed. Understanding these dynamics can help navigate the volatile crypto landscape and make informed decisions.
Samsung taps Coinbase to bring crypto to over 75M Galaxy users in US
PositiveCryptocurrency
Samsung is partnering with Coinbase to make cryptocurrency more accessible to over 75 million Galaxy users in the US. This collaboration aims to simplify the process of using digital currencies, which could significantly enhance user engagement and adoption of crypto. With plans for a global rollout, this initiative not only highlights the growing acceptance of cryptocurrency but also positions Samsung as a leader in integrating innovative financial solutions into everyday technology.
Walmart-owned bank app OnePay to add Bitcoin, Ether trading this year
PositiveCryptocurrency
Walmart's banking app OnePay is set to enhance its offerings by introducing Bitcoin and Ether trading later this year. This move is part of OnePay's strategy to evolve into a superapp similar to WeChat, which could significantly broaden its user base and services. By integrating cryptocurrency trading, OnePay aims to attract tech-savvy consumers and position itself at the forefront of the digital finance revolution.
‘Uptober’ starts with US shutdown, Brazil wants Bitcoin miners: Global Express
PositiveCryptocurrency
Despite the US government shutdown, Bitcoin is experiencing a surge, which is a positive sign for the cryptocurrency market. This uptick comes as the delay in altcoin ETFs has not deterred investor interest. Meanwhile, Brazil is actively encouraging Bitcoin miners, creating a welcoming environment for crypto operations. This is significant as it highlights the resilience of Bitcoin and the growing acceptance of cryptocurrencies in different regions, potentially leading to more investment and innovation in the sector.
Compliance isn’t supposed to cost you your privacy
PositiveCryptocurrency
Recent discussions highlight how current compliance rules can compromise user privacy by creating data honeypots. However, innovations like zero-knowledge proofs offer a promising solution, allowing verification without exposing sensitive information. This matters because it not only protects users but also positions privacy as a competitive advantage in today's data-driven world.
Altcoin ETFs face decisive October as SEC adopts new listing standards
PositiveCryptocurrency
October is shaping up to be a crucial month for altcoin ETFs as the SEC has introduced new listing standards that could expedite the approval process for various crypto funds, including those for Solana and XRP. This development is significant because it may lead to increased investment opportunities in the cryptocurrency market, potentially transforming the landscape of US financial markets.