09 Oct 2024
Tether fuels market liquidity surge as stablecoins reach $169 billion
CryptoQuant data reveals that crypto market liquidity has reached unprecedented levels, with the total market capitalization of major USD-backed stablecoins hitting $169 billion in late September—a 31% increase year-to-date. This surge is primarily driven by Tether’s USDT, which has seen significant growth in balances on centralized exchanges. Read more
VanEck portfolio manager says crypto projects should emulate key memecoin traits
VanEck portfolio manager Pranav Kanade highlighted that memecoins have four key aspects that all teams building in crypto should mimic. Kanade made the comments on social media in response to the Token2049 panel by Murad Mahmudov on his pivot to memecoins from being a Bitcoin maxi. The panel’s thesis revolved around proposing a “memecoin supercycle.” Read more
BitcoinOS and B2 Network to secure $110M in Bitcoin DeFi assets in 2024
BitcoinOS is set to integrate its Grail bridge with B² Network’s mainnet, enabling trustless bridging of BTC and Bitcoin assets using zero-knowledge proofs. This collaboration aims to secure over $110 million worth of assets on B² Network. Read more
Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs
Peter Todd denies being Satoshi, dismissing claims anticipated in HBO’s documentary. Read more
Crypto Investors Mostly DCA Into Their Coins, Finds Kraken
Dollar-cost averaging can help remove emotion from decisions and focus on a long-term outlook, a Kraken executive told CoinDesk. Read more
Layer-2 Scroll Shares Plans for SCR Token Airdrop
The team said that the SCR token would be the first step in its roadmap to decentralization. Read more
RWA Issuer Midas Expands Tokenized Products to Retail Users with Regulatory Nod in Europe
Midas acquired regulatory approval to issue its basis trade and U.S. Treasuries tokens in Lichtenstein, and passported across Germany and Europe, Midas co-founder Dennis Dinkelmeyer said. Read more
IDA integrates HKDA stablecoin with Chainlink for secure cross-chain use
IDA Finance’s use of Chainlink Proof of Reserves and CCIP products aims to boost cross-chain operability and asset security. Read more
Ripple (XRP) ETF Underway? Canary Capital Files an Application with the US SEC
The second filing for an exchange-traded fund based on the Ripple token has been made in the United States. Read more
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