Data tracked by blockchain analysis company Glassnode shows that for the first time in over a year, funds have flowed into the cryptocurrency market through stablecoins or tokens pegged to the US dollar. The 90-day net change in supply of the top four stablecoins - Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) - has turned positive, marking the first occurrence since the Terra crash in mid-May 2022.
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The 90-day net change in supply of USDT, USDC, BUSD, and DAI has turned significantly positive
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The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar
The Hashgraph Association (THA) has announced a strategic partnership with the Qatar Financial Centre (QFC) to establish a $50 million digital asset venture studio called Digital Assets Venture Studio, which will support the development of decentralized finance (DeFi) solutions that comply with regulations and digital assets based on the Hedera distributed ledger technology (DLT) network. They will also invest in Web3 startups and DeFi projects supported by Hedera. -
In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million
According to Coinglass data, there were liquidations of $159 million across the entire network in the past 24 hours, with long positions being liquidated for $44.75 million and short positions being liquidated for $114 million. Bitcoin liquidations were approximately $58.41 million and Ethereum liquidations were approximately $21.29 million. -
Ethereum liquidity re-staking agreement TVL exceeds $10.1 billion, of which Eigenpie TVL exceeds $800 million
According to DeFiLlama data, the current TVL of Ethereum liquidity re-staking protocol is 10.177 billion US dollars, of which the top five protocols ranked by TVL are: -
Bitget Wallet launches $10 million ecosystem fund and plans to issue BWB tokens this quarter
Bitget Wallet announced the launch of a $10 million ecosystem fund in collaboration with Onchain Layer. The ecosystem fund is denominated in Bitget Wallet's native token BWB, which is planned to be released this quarter. It is reported that BWB is the native token of the exchange's self-hosted wallet with the same name, similar to Trust Wallet's token (TWT). The new fund will accelerate the development of Bitget Onchain Layer and support project construction. -
Yesterday, Tether issued $110 million USDT and redeemed $23 million USDT
According to ChainArgos monitoring, on May 14th, Tether issued a total of 110 million USDT and redeemed 23 million USDT. -
Cointime May 4th News Express
1. Hong Kong Bitcoin Spot ETF has held 4,218 BTC since its listing three days ago -
USDT issuance on TON chain reaches $100 million
According to official data, the issuance and circulation of USDT on the TON chain has reached 100 million US dollars, making TON the fastest-growing blockchain for Tether USDT issuance in Web3 history. -
USDC circulation increased by $300 million in the past week, reaching a total of $33.3 billion
According to official data reported , as of April 25th, Circle has issued a total of 3.8 billion USDC and redeemed approximately 3.5 billion USDC in the past 7 days, with an increase in circulation of approximately 300 million US dollars. The total circulation of USDC is 33.3 billion US dollars, with a reserve of 33.5 billion US dollars, of which approximately 3.4 billion US dollars are in cash, and the Circle Reserve Fund holds approximately 30.1 billion US dollars. -
Cointime April 23th News Express
1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16 -
USDC circulation decreased by 800 million in the past 7 days
Circle issued 2.4 billion USDC and redeemed 3.2 billion USDC within the past 7 days, resulting in a decrease of 800 million in circulation. The total circulation of USDC is 32.1 billion US dollars, with reserves of 32.2 billion US dollars, of which 3.3 billion US dollars are in cash and the Circle Reserve Fund holds 28.9 billion US dollars.
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