Ethereum dropped nearly 22% over a week, falling from $1,700 to $1,545 and triggering massive liquidations of $468 million. This decline dragged total altcoin market capitalization below $880 billion, reflecting a loss of confidence amid a prolonged weak trend since late 2024. Other altcoins like Zcash also crashed due to technical flaws, while Bitcoin and major stock indices fell, reducing appetite for risky assets. The crypto market remains fragile with ongoing investor caution and sector rotations.
RLUSD stablecoin supply on the XRP Ledger has grown to $1.57 billion, overtaking Ethereum's share with over $804 million, or 52% of total supply. This shift is supported by Japan's regulatory approval of RLUSD, boosting its use in a large market and ...
Bloomberg Intelligence strategist Mike McGlone forecasts that Tether (USDT), a dollar-pegged stablecoin, is likely to overtake Bitcoin as the largest cryptocurrency by market value. He highlights the growing dominance of stablecoins reshaping the cry...
Four Ethereum wallets inactive for nearly eight years reactivated and sold 33,623 ETH at an average price of $1,560, generating about $52.5 million in proceeds and a realized profit of $27.4 million. These wallets originally acquired 37,602 ETH in 20...
Cryptocurrency markets exhibit mixed price changes, with Bitcoin trading around $59,377, slightly up by 0.90%. Ethereum is down by 0.87%, while Solana and AAVE show significant gains of 6.69% and 8.02% respectively. Other altcoins like M and VELVET a...
The CoinDesk 20 index rose 0.4% to 1595.41, driven by strong performances from AAVE, which jumped 8.9%, and Solana (SOL), which gained 4.5%. Eleven of the 20 assets in the index traded higher, while NEAR and Ethereum (ETH) lagged with declines of 2.5...
