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USDS and RLUSD Stablecoins See Uptick in Supply Amid Broader Stablecoin Growth

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The latest data highlights that the stablecoin market currently sits at $173 billion, with two recently introduced U.S. dollar-backed stablecoins showing significant growth. The decentralized finance (defi) project Sky, previously known as Makerdao, has minted 1.11 billion USDS, adding approximately 104 million coins to its supply over the past five days. In a parallel development … Read more

TRON’s TRX Supply Decreases By 2.41 Billion Tokens Amid Deflationary Strategy

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TRON’s native cryptocurrency, TRX, has undergone a notable reduction in its circulating supply over the past year, dropping from 88.97 billion to 86.56 billion tokens. This decrease, amounting to -2.93%, equates to approximately $381.2 million in value. The decline is attributed to ongoing token burns and strategic mechanisms aimed at bolstering long-term value and scarcity. … Read more

Ripple Fires Back at SEC: Cross-Appeal Seeks to Overturn Unresolved XRP Issues

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Ripple has escalated its legal battle with the U.S. Securities and Exchange Commission (SEC), filing a cross-appeal to challenge unresolved issues around XRP sales. This comes after the SEC sought to overturn parts of the rulings that cleared Ripple’s retail XRP transactions from securities violations. Ripple’s latest move aims to ensure the SEC’s arguments on … Read more

Bitcoin Surges Past $60K As Traders Turn To Altcoins; Ethereum Scaling Solutions Shine

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Bitcoin has made a strong comeback, jumping back over the $60K mark, but the real buzz in the market today is centered around several altcoins. Traders are eyeing top trending assets based on discussion rates, with Chiliz ($CHZ), Aave ($AAVE), and Uniswap ($UNI) capturing the most attention. 🗣️ Bitcoin just jumped back over $60K, as … Read more

Polymarket Achieves $600M In Volume Amidst Growing Popularity, But Only 12.7% Of Users See Profits

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Polymarket, a decentralized prediction markets platform, is gaining significant traction as a blockchain solution that promotes true transparency in data and information. In just the first nine days of October, the platform recorded an impressive $600 million in trading volume. Polymarket allows users to bet on the outcomes of real-world events, providing a unique way … Read more

Solana Could Surge 400% Under Trump Presidency, Standard Chartered Predicts

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Banking giant Standard Chartered predicts that solana could experience a significant surge of up to 400% if Donald Trump wins the 2024 U.S. presidential election. The bank’s head of digital assets suggests that solana’s faster transaction speed and support for decentralized applications position it well in a crypto-friendly environment. Standard Chartered Predicts Solana Surge if … Read more

Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle

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As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although it’s still trailing 15.6% below its record high from seven months ago. Meanwhile, ethereum (ETH) is facing a steeper climb, currently priced at $2,432—sitting 50.2% … Read more