The expansion “indicates growing investor optimism, underpinning a bullish outlook,” Wintermute said in a note shared with CoinDesk. “The increase in stablecoin supply indicates that money is being deposited into on-chain ecosystems to generate economic activity, either through direct on-chain purchases that can catalyze price appreciation or yield-generation strategies that could improve [market] liquidity. This activity ultimately fosters positive on-chain growth.”
Credit: Source link
Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This...
Other top-tier banks/wealth management operations, including Morgan Stanley, Cantor Fitzgerald, Royal Bank of Canada, Bank of America, UBS and HSBC,...
The US Attorney’s Office in Manhattan will scale back its focus on crypto crimes following a series of high-profile convictions,...
People are policy, and Trump surrounds himself with an orange-pilled group. VP-elect JD Vance owns Bitcoin, and has a long...
The Hong Kong Monetary Authority (HKMA) has cautioned the public to remain vigilant against foreign crypto firms falsely presenting themselves...
This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!
