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CATEGORY: contraction

Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 29, 2023 10:30

Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year

Data reveals that since the start of the year, the count of circulating wrapped bitcoins (WBTC) has diminished, plunging by more than 22,000 WBTC. Notably, a year-long assessment reflects an even more significant contraction, with over 86,000 WBTC evaporating from circulation since last July. A 12-Month Decline of 86,000 WBTC in Circulation The Wrapped Bitcoin [...]

The post Navigating the Wrapped Bitcoin Landscape: 86,000 WBTC Exit Circulation in One Year appeared first on Crypto Breaking News.

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Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 26, 2023 10:45

Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback

As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to a stablecoin labeled first digital usd (FDUSD) in a recent blog post. However, the exchange temporarily halted FDUSD listings [...]

The post Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback appeared first on Crypto Breaking News.

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Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 25, 2023 10:35

Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience

The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively. Top Stablecoins Tumble: $3 Billion Evaporates in Less Than 40 Days Statistics reveal a significant [...]

The post Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience appeared first on Crypto Breaking News.

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World Gold Council’s Mid-Year Report: Gold Set for a Neutral Second Half Under Economic Uncertainty 
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 09, 2023 10:30

World Gold Council’s Mid-Year Report: Gold Set for a Neutral Second Half Under Economic Uncertainty 

On July 6, 2023, the World Gold Council (WGC) released its 2023 Mid-Year Outlook, revealing that a “strong first half for gold is likely to give way to a more neutral H2.” According to WGC researchers and market strategists, central banks are “nearing the end of their tightening cycles,” and the market consensus indicates “a [...]

The post World Gold Council’s Mid-Year Report: Gold Set for a Neutral Second Half Under Economic Uncertainty  appeared first on Crypto Breaking News.

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Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 07, 2023 10:30

Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume

In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times for Stablecoins: Major Players Hit with Sweeping [...]

The post Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume appeared first on Crypto Breaking News.

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