In the ever-evolving landscape of cryptocurrency, the Tron network stands out, particularly in its stablecoin sector. USDT (Tether) has established itself as the uncontested leader, acquiring an astonishing 98.5% of the total stablecoin supply on the platform. With a circulating supply nearing $62.76 billion, USDT dwarfs its competitors, who collectively represent a mere 1.5% of
Crypto
Thorchain has emerged as a notable protocol in the decentralized exchange landscape, primarily due to its commitment to interoperability. However, recent events have put the project’s stability and ethical framework in jeopardy. The catalyst for this turmoil appears to be the protocol’s inability to manage and prevent illicit funds, especially in light of a serious
The US Securities and Exchange Commission (SEC) recently made headlines by clarifying its position regarding meme coins and their classification under federal securities laws. Unlike traditional financial instruments such as stocks or bonds, the SEC has categorized meme coins more similarly to collectibles. This new perspective marks a significant evolution in how the agency views
The cryptocurrency landscape has experienced a significant downturn recently, with the overall market capitalization falling beneath the $2.8 trillion mark. Bitcoin (BTC) has taken a considerable hit, observing a dramatic 19% decrease over the past week. Ethereum (ETH), a primary competitor in the market, has encountered even steeper losses, with prices briefly falling below the
On February 28, the cryptocurrency market is set to witness the expiry of around 58,000 Bitcoin options contracts, which carry a staggering notional value of approximately $4.7 billion. This particular expiry is noteworthy as it aligns with the end of the month, typically a period characterized by heightened market activities. However, analysts predict that the
In the realm of digital finance, a formidable adversary has emerged that poses a significant threat to cryptocurrency exchanges and users alike: North Korea’s Lazarus Group. This state-sponsored hacking collective has once again made headlines following the audacious $1.5 billion cyberattack on the cryptocurrency exchange Bybit. This incident, which unfolded on February 21, involved a
The recent announcement from Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, marks a pivotal moment for the crypto industry. The U.S. Securities and Exchange Commission (SEC) has closed its extensive investigation into the exchange, leading to the decision not to pursue any enforcement actions. While this should be welcomed as a relief for Gemini,
The recent hack involving Bybit and Safe Wallet has sent shockwaves through the cryptocurrency community, not only because of the staggering loss estimated at nearly $1.5 billion but also due to the revelation of fundamental flaws in security protocols. Former Binance CEO Changpeng Zhao (CZ) has voiced his concerns regarding Safe Wallet’s analysis of the
The cryptocurrency market, particularly Bitcoin, has been experiencing tumultuous price swings, a reflection of broader economic concerns. Recently, Bitcoin’s value fell beneath the $90,000 mark following President Donald Trump’s announcement regarding a substantial 25% tariff on goods from Canada and Mexico. This event triggered a wave of uncertainty across financial markets, prompting investors to reassess
The Bitcoin Fear & Greed Index has recently reached an alarming low of 10, marking a significant downturn in investor sentiment. This measurement, which evaluates the emotional state of the cryptocurrency market, has plunged from a neutral position of 49 in just a week, illustrating a drastic shift towards extreme fear. Such a sentiment can