The blockchain of Ethereum has reaffirmed its leadership in the stablecoin ecosystem, reaching new records this week. According to Token Terminal data, the total supply of stablecoins on the Ethereum network hit $184.1 billion, setting a new all-time high. This figure underscores a significant shift in market liquidity, which is strongly flowing towards the Ethereum platform, reaffirming that Ethereum dominates stablecoins. The platform has experienced a notable resurgence in the past week, capturing a massive amount of capital. Fresh data from Artemis confirms that Ethereum has absorbed over $3.5 billion in stablecoin inflows over the past 72 hours, far surpassing…
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The cryptocurrency market has witnessed a disappointing performance for XRP, the digital currency associated with Ripple. Despite a series of seemingly optimistic announcements at the company’s recent Swell event, XRP price falls significantly, extending its losing streak into November. This drop of over 9% has raised concerns, as technical charts show a breakdown of a bearish flag pattern and the imminent formation of a “death cross,” suggesting a potential continuation of its downtrend towards key support levels. XRP reached a high near $2.40 on November 5. However, in the hours following Ripple’s flagship Swell conference, XRP price has fallen sharply,…
In a move that defies recent market weakness, Solana (SOL) Exchange-Traded Funds (ETFs) have recorded impressive institutional demand. In just eight days, Solana ETFs defy market by accumulating over $323 million in capital inflows. This consistent flow of investments underscores strong institutional confidence in the Solana ecosystem, even as the token’s price has experienced a significant 17% correction this week. Recent data from SolanaFloor highlights the performance of these financial products. Today alone, Bitwise’s BSOL fund added $29.2 million in inflows, pushing the total capital under management for this fund to over $300 million since its launch last week. This…
The cryptocurrency market is facing renewed bearish pressure. Bitcoin (BTC) has lost key psychological support, as Bitcoin drops below $100,000 for the second time this week. Sentiment soured after a brief relief rally failed, prompting stark warnings from prominent analysts, including Merlijn The Trader. Volatility has returned forcefully. After hitting a relief high of $104,000 on Wednesday, BTC was aggressively pushed downward. The asset fell to $100,500 on Thursday. However, selling pressure intensified just minutes ago, driving the price to $99,700 on Bitstamp. This dip marks the second breach of the coveted six-figure line this week. The first occurred on…
Tether, the issuer of the USDT stablecoin, has executed a significant move as Tether increases Bitcoin reserves over the last 24 hours. The company transferred nearly 9,850 BTC, valued at approximately $1.09 billion. This operation was conducted from the Bitfinex platform, as revealed by public on-chain data. The records show two primary transactions. First, a withdrawal of 961 BTC (about $97.18 million). Shortly after, a much larger block of 8,888 BTC (around $1 billion) was moved. Both transfers were directed to Tether’s official reserve address. With this addition, the firm’s reserve wallet now accumulates a total of 87,296 BTC, valued…
The Solana-based TRUMP memecoin is showing strong signs of recovery this November 6. Technical charts have confirmed TRUMP’s falling wedge breakout. This bullish pattern suggests a significant recovery. The asset is trading above $8.30, after bouncing over 450% from its October low of $1.50, following a 90% collapse earlier in the year. The technical analysis shows a classic bullish reversal structure. The price broke above the wedge’s upper trendline in late October. This move was supported by a notable spike in trading volume, suggesting renewed market participation. This pattern establishes a technical upside price target. Analysts project a 70% rally…
Bitcoin (BTC) experienced a sharp drop, reaching just above $100,000 on Monday night. The price rebounded slightly to $101,000 shortly after. This volatility generated a massive wave of forced liquidations in cryptocurrencies. These automatic sales wiped out billions in leveraged speculative positions. Data from the CoinGlass platform indicated that over $2 billion in futures contracts were liquidated during Tuesday’s session, marking a red day. Losses were overwhelmingly concentrated on bullish (long) traders. They accounted for nearly 80% of the total, totaling $1.6 billion in direct losses. Futures liquidations occur when traders using borrowed funds see their margin fall below required…
The digital asset economy is undergoing a structural transformation, shifting from speculation to sustainable, utility-driven growth. According to a recent report by the venture capital firm 1kx.capital, the on-chain economy is projected to generate a total of $19.8 billion in fees for 2025, representing a 35% year-on-year increase. This surge is mainly due to the DeFi sector and financial applications, which concentrate most of this significant crecimiento de comisiones on-chain DeFi. The data from 1kx.capital reveals that users spent $9.7 billion on fees during the first half of 2025, a record figure that exceeds the same period last year by…
XRP’s price registered a significant 5% drop this Tuesday. The cryptocurrency pulled back to $2.47. This move occurred after institutional selling pressure caused XRP breaks $2.50 support, a key psychological level. Market data, analyzed by CD Analytics, confirms a decisive shift in the asset’s structure. The sell-off unfolded in structured phases during Tuesday’s session. The initial drop began at 13:00 UTC. High sales volume pushed the price below support, triggering a cascade of sell orders. This drove the asset to intraday lows near $2.38. Total trading volume reached 169 million tokens. Subsequently, the price achieved a slight stabilization. A temporary…
The fintech Revolut has announced an aggressive new policy for its 65 million global users. The platform has eliminated all fees and spreads on conversions between USD and the leading stablecoins, USDT and USDC. According to Leonid Bashlykov, Head of Product Crypto at Revolut, this move allows for the Revolut swap stablecoins at no cost, offering an exact 1:1 parity. The new functionality allows customers to exchange up to €500,000 every 30 days without any additional cost. Users will receive exactly $1.00 in stablecoin for every $1.00 in fiat, and vice versa. Furthermore, the service offers considerable flexibility. It supports…
