Top 6 Companies Dominate 88% of Tokenized Treasury Issuance, Including BlackRock

BlackRock and 5 other entities have launched 88 tokenized treasuries on the market. This move aims to revolutionize the way traditional assets are managed and traded on the blockchain. The tokenization of treasuries allows for greater liquidity, transparency, and accessibility for investors worldwide. By offering tokenized treasuries, these entities are opening up new opportunities for [...]

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Ethereum NFT Platform Zora Set to Launch ZORA Tokens on April 23

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Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle significant volume” and that the firm will “stand behind USDC and [...]

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BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report

Despite stepping down as CEO three years ago, Yuzo Kano has continued to have a significant influence on the company, given he’s the Japan-based crypto exchange’s largest stakeholder.

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Ethereum Supply Dwindle By $40M Since Merge

While Ethereum’s prices regain bullish momentum, its issuance or supply has fallen by 23,948 ETH worth nearly $40 million since the Merge, data from UltraSound.Money showed. The world no 2 crypto has a current circulating supply of 120.49 million. Moreover, the supply growth is negative 0.7% per year with 1,556K ETH burnt on a daily basis. […]

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BNB declines after Paxos ordered to stop BUSD issuance | Invezz

Binance’s native coin BNB has declined nearly 6% in the past 24 hours, trading to lows of $289 on major cryptocurrency exchanges. According to CoinGecko data, Binance Coin price hit highs of $321 late Sunday, but is now trending at levels last seen in mid-January. Binance Coin dumps after Paxos ordered to stop BUSD issuance ...

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Circle marks a possible $3B loss from Binance stablecoin conversions

Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.

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Ethereum issuance decreased 94% since The Merge, what does this mean for its future?

Ethereum has experienced a decrease in ETH issuance since the Merge upgrade.

Specifically, its issuance rate has decreased by 98% since the Merge, and the asset is not yet deflationary due to the fact that its issuance is still more than burned ETH.

Ethereum (ETH/USD) is the second-largest cryptocurrency in terms of market capitalization. However, after the Merge, it has decreased in some aspects.

In the latest Ethereum news, we covered how far Ethereum can increase as the VIX index made a comeback.

However, based on data from Ultra Sound Money, the issuance rate of Ethereum (ETH) has decreased by 94% following the Merge.

Since it transitioned, the supply has reached +8,200.67 ETH, while if it was still under the Proof-of-Work (PoW) consensus mechanism, it would be at +139,680.20 ETH.

This token issuance could also be attributed to the reduced activity on the Ethereum network, which resulted in lower gas fees.

In any case, the lower token amount could result in an increased value of Ethereum going forward. 

On September 26, 2022, Ethereum (ETH) had a value of $1,323.30.

ETH/USD Chart By TradingView.

Looking at the coin’s all-time high, Ethereum (ETH) reached a value of $4,878.26 on November 10, 2021.

Ethereum’s 7-day low was at a value of $1,238.84, while its 7-day high was at a value of $1,388.23. Here we can see a difference in the value of 12%, or by $149.39.

When we go over its daily performance, its 24-hour low was at $1,280.56, while its 24-hour high was at a value of $1,331.44; here, we can see a 4% difference by $50.88.

When we look at the chart, its recent high was in April at $3,513.19, after which it saw a dip to $1,778.92 and has not recovered since that point. 

However, based on its current price fluctuation, we can see the ETH cryptocurrency increase in value to $1,500, which means that investors might want to buy ETH while the price is still relatively lower than average. 

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Ethereum Scarcity Increases as Net Daily Issuance Hits a 2-Month Low

The daily net issuance in the Ethereum network continues to drop, signifying a supply deficit. (Read More)

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Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase – Altcoins Bitcoin News

Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra’s UST stablecoin grew the most last year, jumping […]

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Japan’s Financial Regulator Proposes New Legislations, Limiting Stablecoin Issuance to Banks

Japan’s FSA is working on a legislation that is set to be introduced next year. The regulations seek to make it only wire transfer companies and banks can issue stablecoins. (Read More)

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Ether’s Net Issuance Dropped from Over 4% to 0.21% Last Week

Ethereum's supply continues to diminish based on the London Hardfork or EIP-1559 upgrade. (Read More)

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VC Chamath Palihapitiya Warns of Chaos in the Equity Market Due to Debt Issues

Chamath Palihapitiya, CEO of VC company Social Capital, has warned about a looming crisis in equity markets due to the issuance of low-interest debt. According to Palihapitiya, this might be the “biggest business secret hiding in plain sight right now,” as many companies won’t be able to refinance their debt, seeing their equity values collapse.

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Synthetix nets $20M from Web3 quant trading firm

Tokenized asset issuance platform Synthetix has secured a $20 million investment through a new partnership with Web3 investment and quantitative trading firm DWF Labs. The market making and algorithmic trading company acquired $15 million worth of Synthetix’ native token SNX paid for with USD Coin (USDC) in March 2023. DWF Labs will be tasked with [...]

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Ethereum inflation rises, threatens ultrasound money status: Report

Ethereums inflation rate hit a two-year high as layer-2 solutions curb transaction burns, challenging its deflationary promise, according to a new Binance Research report.

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US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of [...]

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Republican crypto bill a ‘10x improvement’ on all others: Messari CEO

Messari CEO Ryan Selkis has praised a newly proposed Republican crypto bill, commenting it is a “10x improvement” on all other crypto bills introduced to the United States Congress so far. The “Digital Asset Market Structure” (DAMS) bill, introduced on June 1, proposes to establish a framework to fill the gaps in the regulatory process [...]

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