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In this analysis We're going to take a look at the stablecoin marketcap, USDT and USDC to be precise.
As seen on the chart, the stablecoin marketcap is trading in a well-defined bullish channel.
Consequently, every single time that this metric has touched the bottom support, Bitcoin dumped. I'm...
According to data disclosed by Tom Wan, an analyst on 21co, the parent company of 21Shares, the total market value of Ethereum’s stablecoins has dropped from 100 billion to 7.6 billion. The decline is mainly due to USDC and BUSD. The market value of USDC has dropped from 41 billion to 24 billion (-40 %), BUSD dropped from 16 billion to 3 billion (-77%). USDC...
According to Coin World Report, the data shows that in the past 4 hours, about 94.8306 million US dollars have been liquidated on the entire network, of which 87.9051 million US dollars have been liquidated for long orders, and 6.9245 million US dollars have been liquidated for short orders. BTC liquidated $33.0099 million, ETH liquidated $10.7285 million, and XRP...
Coin World reported that according to PeckShield monitoring, Alphapo attackers transferred about 6 million USDT, 108,000 USDC, 100 million FTN, 430,000 TFL, 2,500 Ethereum, and about 1,700 DAI to the address starting with 0x040a. After that, some stable coins and altcoins were traded for 5730 Ethereum and traded for Bitcoin through Avalanche Bridge. In addition,...
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(USDT chart)
Looking at the 1D chart,
The gap rose above the HA-High indicator on the 1D chart.
I think this movement of USDT tells us that funds are flowing back into the coin...
According to JieData monitoring, the giant whale address starting with 0x89df transferred all the remaining 50 million USDC to Binance from July 2 to 6. This address transferred 45 million USDC to Binance before the price of Bitcoin rose on March 11.
According to Lookonchain monitoring, from June 26 to today, a whale/institution deposited 50.27 million USDT and 45 million USDC into Binance.
During the decoupling of USDC, the whale exchanged 55 million USDC for 50.27 million USDT at an exchange rate of 0.914, losing $4.7 million.
Hong Kong is exploring the launch of stablecoin HKDG to compete with established stablecoins such as USDT and USDC. By backing HKDG with foreign exchange reserves, the government seeks to foster financial innovation and maintain its leadership in the blockchain space. By issuing a Hong Kong dollar-pegged stablecoin (HKDG), the government aims to increase...
In this analysis I want to take a look at the stablecoin (USDT/USDC) dominance. To construct this indicator yourself, simply put "(CRYPTOCAP:USDT+CRYPTOCAP:USDC)/CRYPTOCAP:TOTAL" in the symbol search area.
As seen on the chart, the stablecoin dominance (the stablecoin value / all crypto value) has been steadily rising over the years. There can be a multitude of...
Coin World reported that Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Legislative Council of the Hong Kong Special Administrative Region, posted on social media that he learned today that hongkongvac HKVAC, a virtual asset rating agency in Hong Kong, announced the calculation method...
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(USDT chart)
After June 3rd, it is showing a decline as it creates a gap for the second time.
If this decline continues, there is a possibility that the coin market will plunge.
(USDC...
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(USDT chart)
Looking at the 1D chart, the High indicator on the 1D chart was created with an increase, increasing the possibility of forming a new trend.
Accordingly, the key is whether USDT is...
Are you ready to take your mining game to the next level? Look no further than Tether's latest venture in Uruguay. With its stablecoin technology and top-notch infrastructure, Tether is poised to revolutionize the mining industry. Join us as we explore this exciting opportunity and discover how you can reap the rewards of this cutting-edge technology.
Also ,...
On June 5th, zkSync-based DEX SyncSwap tweeted that the cross-chain bridge SyncSwap Move has been officially launched. SyncSwap Move is supported by the official zkSync bridge and ZK tech, allowing transfers between Ethereum and zkSync Era. USDT and WBTC are the first native tokens supported by Move, and users can trade on SyncSwap.
Move allows users to check...
USDC market share has fallen from 34.88% to 23.05%
Over the past 1 year, USDC market share has fallen from 34.88% to 23.05%, with market cap dropping from a peak of $55 billion to $29 billion. BUSD's market share has plummeted from 11.68% to 4.18%, while Dai has kept its participation rate at 3.66%, down from 4.05% in May 2022. USDT, on the other hand, moved in...
According to news on May 23, according to Twitter user Ember’s monitoring, a giant whale used 1.15 million USDT to buy about 1 million ARB at an average price of about $1.145. In addition, it also transferred 1.5 million USDT to OKX.
