When AVAX peaked in 2021, it rose as high as $145. Avalanche, the fourth-generation proof-of-stake (PoS) blockchain, incurs significant costs to incentivize its validators. Token Terminal data from December 7 shows that last year, the smart contract platform paid more than $275 million in AVAX to compensate its validators despite generating only $11.5 million in […]
Continue Reading
The SEC extends its time to 45 more days to evaluate Grayscale’s proposal to convert its Ethereum trust into an Ethereum ETF. The Securities and Exchange Commission (SEC) just announced that it will need more time, specifically more than 45 days, to evaluate a possible rule change that would allow Grayscale to transform its Ethereum […]
Continue Reading
Institutional demand remains strong, and traditional investors are very interested in adding long exposure to BTC. As the long-awaited Bitcoin (BTC) exchange-traded fund (ETF) verdict approaches, excitement and anticipation continues to grow in the cryptocurrency market. According to a report by K33 Research, the upcoming decision, expected between January 8 and 10, has been a […]
Continue Reading
Tether (USDT) hit a new market capitalization high of $90 billion in December 2023, commanding a 70% market share. Tron founder Justin Sun revealed that 17.2% of Tron users now hold USDT, indicating the growing use of stablecoins. The third French bank, Société Générale, is going to launch its own stablecoin, the EUR CoinVertible. The […]
Continue Reading
Robinhood CEO Vlad Tenev addressed the sharp increase in cryptocurrency trading volume. He mentioned how optimism around the potential launch of a Bitcoin ETF in the United States could lead to changes in the rate environment with the Federal Reserve. He also highlighted the growing perception of cryptocurrencies such as Bitcoin as a hedge against […]
Continue Reading