CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued.
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- Crunch
- Global
Meta cited a section of a 1996 federal law in an attempt to escape a crypto ad lawsuit from Australian billionaire Andrew Forrest, but a U.S. federal judge said it wasn’t enough.
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Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before.
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Low exchange balances indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin.
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The cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators.
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Stablecoin transactions have soared dramatically, underscoring their vital role as a bridge between traditional finance and digital assets. Recent data from Token Terminal reveals a monumental increase in monthly stablecoin volumes, jumping to $1.68 trillion in April from just $100 billion in October 2020. This growth highlights a robust 16-fold rise in activity, reflecting surging interest and trust in cryptocurrencies.
The significant escalation in stablecoin market cap also paints a picture of rising investor confidence. With a current total exceeding $162 billion, marking a 24% increase since the beginning of the year, this uptrend according to DefiLlama suggests more capital flowing into the crypto sphere. The correlation between stablecoin market cap growth and increased investor activity underscores the burgeoning reliance on this crypto subset.
Moreover, the expansion of the stablecoin user base further accentuates their growing appeal and utility in the crypto market. This widespread adoption indicates a healthy, vibrant ecosystem, poised for continued growth and integration into mainstream financial operations.
If I had to choose one Bitcoin conference to attend, it would be the Oslo Freedom Forum — and it’s technically not even about Bitcoin.
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This edition of Cointelegraph’s VC roundup features Plural Energy, Everclear, Ava Protocol, GoPlus, and other startups.
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Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter.
Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s shortened holiday edition:
An update from Capitol Hill and what the crypto industry is watching for.
A look at bitcoin miners — and their share prices — two months after the halving.
Crypto’s time crunch
Election season is well underway, which means the political ads are ramping up and the lawmaking process is ramping down.
May was, generally speaking, a productive month for crypto…
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