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Stablecoins and Bitcoin on the Verge of Financial Revolution!
They may not be the most exciting, but they could be the practical use case that crypto really needs.
Rich Webb
November 29, 2024 • Read Time: 7 minutes
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The stablecoin market is drawing ever closer to becoming a dominant force in global finance, as its value surges to an astounding $190 billion under the watchful eye of potential regulatory clarity from the Trump administration.
With stablecoins like Tether making headlines for funding crude oil transactions and traditional financial players like Stripe jumping in with billion-dollar acquisitions, it's clear that these digital assets aren't just riding a temporary wave.
Instead, they are reshaping commerce in regions from Brazil to Nigeria, challenging antiquated systems with their promise of efficiency and inclusivity. Let's dive in!
Stablecoin market achieves $190 billion milestone, with potential regulatory support under Trump driving adoption across emerging markets. — Read More
Analysts believe Trump's crypto-positive cabinet may drive a decentralized finance revolution in the U.S., potentially reshaping financial policy to favor blockchain technology. — Read More
Bitwise aims to convert its $1.4 billion crypto index fund into an ETF, focusing on regulated growth. — Read More
Japan restructures Web3 leadership to boost crypto adoption and regain its global crypto standing. — Read More
As the crypto job market grows, blockchain development and cybersecurity are key skills, driven by a $3 trillion market cap and pro-crypto regulations. — Read More
Crypto transactions in Indonesia soared 352% to $30 billion, fueled by a younger demographic and altcoin popularity. — Read More
Hong Kong's central bank introduces a subsidy covering 50% of tokenized bond issuance expenses, capped at $321,184. — Read More
Coinbase stops USDC rewards in EEA, responding to MiCA rules. — Read More
🚨Stablecoin Market Tops $191B🚨
$USDT dominates with nearly 70% share as the #stablecoin market surpasses $191B.
— M6 Labs (@M6Labs)
1:44 PM • Nov 29, 2024
Bitcoin Eyes $100,000 with Strong Technical Backing
Bitcoin shows strength above $95,000, with prospects of reaching $250,000-$500,000 fueled by institutional inflows and DeFi integration.
ARK Invest Predicts Bitcoin Surge Despite Recent Dip
Bitcoin falls to $95k, but ARK Invest anticipates $104k-$124k targets by year's end, driven by seasonality and on-chain metrics.
Bern Approves Bitcoin Mining for Energy Optimization
Bern's parliament explores Bitcoin mining for excess energy use and grid stability, seeking a competitive crypto edge.
Hoskinson's Bitcoin Prediction: $250,000 in Two Years
Cardano founder Charles Hoskinson predicts Bitcoin reaching $250,000 within two years, eyeing massive market inflows and institutional interest.
Bitcoin Miners Splurge $3.6 Billion on Infrastructure
Bitcoin miners unveiled $3.6 billion infrastructure spending, revealing significant equity financing in 2024's third quarter.
Metaplanet Secures $62M for Bitcoin Initiative
Metaplanet raises $62M via stock acquisition rights to expand Bitcoin holdings, reducing yen exposure.
Massive Bitcoin and Ethereum Options Expiry Hits Market
Over $11 billion in crypto options contracts are expiring, sparking high market volatility expectations.
Demand for #Bitcoin is through the roof:
Open interest in Bitcoin Futures on CME has surpassed 40,000 contracts for the first time in history.
Since the beginning of the year, the total number of outstanding contracts for Bitcoin has DOUBLED.
To put this into perspective, at… x.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
1:45 PM • Nov 29, 2024
Ether ETFs Outpace Bitcoin as ETH Surges
Ether ETFs attract significant inflows amid Ethereum's recent rally and legal wins.
ETH ETFs See Major Inflows
ETH ETFs maintain a 4-day inflow streak, totaling $90.1 million as activity surges on the Ethereum blockchain.
Ethereum's MVRV Ratio Suggests Secondary Bull Run Phase
Ethereum's MVRV Ratio hints at a new bullish phase similar to past cycles, possibly pushing prices higher.
Solana Price Poised for Breakout
Solana's price climbs above $240, eyeing a breakthrough past the $250 resistance level.
Algorand Achieves 230% Price Surge, Setting New Yearly Record
Algorand price jumps 230%, achieves a new yearly high at $0.359, potentially doubling again with no resistance ahead.
Attack on Titan Game Enters The Sandbox Metaverse
'Attack on Titan' game brings virtual combat to The Sandbox, featuring NFT avatars and tactical defense gameplay.
Moonray Sets Record with Massive NFT Giveaway
Moonray gives away 220,000 NFTs on OpenSea, setting a record for the largest free gaming mint on the platform.
Taiwan Strengthens Crypto AML Regulations
Taiwan advances its AML rules for crypto exchanges, with non-compliance penalties rising up to $155,900.
Paul Atkins Leads SEC Chair Odds on Kalshi
Kalshi bettors favor ex-SEC Commissioner Paul Atkins for SEC Chair, with a strong 68% backing under Trump’s administration.
Celsius Plans $127M Second Creditor Payout
Celsius, bankrupted crypto lender, schedules a second $127M payout for creditors, impacting 60% of claims.