To say stablecoins are enjoying a ‘moment in the sun’ would be to overlook the widespread adoption and acceptance of crypto-dollars. Make no mistake, this is no fleeting trend: with most stables anchoring their value to the global reserve currency, they have gradually become go-to assets for crypto-native and institutional investors keen to preserve their wealth and lock in profits. Traditionally unassociated with yield, stablecoins have latterly been deployed in certain sophisticated protocols designed to generate interest for holders. And given the global stablecoin market is now worth $278 billion (up 22% this year alone), there is a veritable mountain…
Author: cryphedge
After weeks of price swings, Bitcoin buyers are showing fresh strength. In the past few hours, key on-chain signals have turned positive as Bitcoin found support around $110K. This has pushed buying activity higher, increasing the chance of new weekly highs. On top of that, rising interest from institutional investors is adding even more stability to Bitcoin’s support levels.Bitcoin’s Open Interest Turns PositiveBitcoin’s buying demand is rising as recent dip-buying has built strong support levels. This has turned several on-chain indicators positive. Data from Coinglass shows that in the past 24 hours, Bitcoin saw over $280 million in liquidations, with…
The post Top 3 Cryptos Benefiting On the Way to $5 Trillion This Year – Institutional Adoption Favorites appeared first on Coinpedia Fintech News Massive amounts of money are entering digital assets as big companies and funds show new interest. Some coins are standing out, drawing the most attention from these large buyers. Behind the headlines, three names are quietly taking the lead as investments become more mainstream. Find out which tokens are being favored as the industry grows toward new highs. Ethereum Holds Mid-4k as Traders Watch 5.5k Resistance Source: TradingView Ethereum trades between $4245 and $5136. Weekly gain…
The exchange has partnered with Ripple to launch a limited edition credit card. Users will enjoy up to 4% XRP cashback on their day-to-day purchases. Ripple’s RLUSD stablecoin to simplify crypto access. As cryptocurrencies integrate with our daily financial undertakings, trading platform Gemini has collaborated with Ripple to release an XRP-powered credit card. The limited-edition metal card aims to simplify transactions for the Ripple community, enabling cardholders to receive instant crypto incentives each time they swipe. While traditional reward models pay in monthly cash or points, Gemini offers up to 4% cashback in XRP immediately after transactions. Meet the Gemini…
Dogecoin (DOGE) is undergoing a steep price crash. The original memecoin has dipped 4.9% in the daily charts, 1.6% in the weekly charts, 6% in the 14-day charts, and 8.3% over the previous month. Despite the correction, CoinGecko Dogecoin data shows that DOGE’s price has risen by more than 100% since August 2024.Source: CoinGeckoWill Dogecoin’s Price Crash Recover In September?DOGE’s latest price correction comes amid a market-wide dip. Bitcoin (BTC) has fallen to the $111,000 price level and faces risks of dipping below $110,000. The market-wide correction could be due to increased profit-taking after Bitcoin (BTC) and Ethereum (ETH) hit…
Corporate demand for Bitcoin continues despite its volatile price performance, as Strategy and Metaplanet both expanded their holdings in late August.On Aug. 25, the two companies announced that they acquired more than 3,100 BTC, reflecting how institutional treasuries directly reduce available supply and shape market liquidity.Strategy’s first major purchase in AugustStrategy, the world’s largest corporate holder of Bitcoin, confirmed on Aug. 25 that it purchased 3,081 BTC for $356.9 million.The firm said it paid an average of $115,829 per coin, using proceeds from recent sales of its Class A common stock and preferred share offerings.This acquisition raised Strategy’s total stash…
Shiba Inu was launched on August 1, 2020, and was a novice and obscure cryptocurrency. It barely received any attention during its launch and was just another meme coin that mushroomed in the markets. SHIB gained steam after it labeled itself the ‘Dogecoin Killer’ and competed for the top spot in the meme segment. Weeks later, it gained recognition from traders as the new ‘Dogecoin Killer’ label attracted them towards the meme currency. The dog-themed token basically just piggybacked itself to fame by using the Dogecoin name to its benefit.Also Read: Time Running Out to Buy Shiba Inu Coin Before…
Last year was one of surprises for digital currencies. While experienced names like Solana and Cardano are still at the top of the headlines, investor interest is moving towards early-stage tokens that are focused on real adoption. One project that is getting increasingly popular in this context is Remittix (RTX), which is priced at $0.0987 per token, having recently achieved a major fundraising milestone and obtained its first centralized exchange listing. Remittix positions itself within the PayFi sector, where blockchain meets the real world of payment. As opposed to relying on speculation alone, the project has defined clear goals in…
BitMine, an Ethereum-focused firm, announced that its shares have become one of the most heavily traded equities in the United States.In its Aug. 25 disclosure, the company referenced Fundstrat data showing that its stock recorded an average daily trading volume of $2.8 billion over the five trading days ending Aug. 24.That figure placed BitMine 20th nationwide, behind Coinbase at 19th, while surpassing JPMorgan at 27th and Palo Alto Networks at 21st out of more than 5,700 publicly listed companies.This surge in trading activity coincides with the company’s pivot toward Ethereum. Market data from Google Finance indicates that BitMine’s stock soared…
The Cardano price is bleeding intraday, but its cofounder is making some noise for the asset, building long-term hopes and fueling renewed optimism. From Charles Hoskinson’s hints of XRP integration in the Lace wallet to the ADA price chart showing a symmetrical triangle breakout, investors are watching closely on these long-term bullish observations. Therefore, with ADA crypto’s multichain strategy and the Leios upgrade ahead, the question is whether Cardano’s price can revisit 2021 highs.Cardano’s Lace Wallet Expands to XRP IntegrationIn terms of fundamental growth, Cardano seems to be on the right track, and this last weekend, one of the biggest catalysts was…
