Category: Market Capitalization

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Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation

Mar 20, 2023 Jimmy Rivera

With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion.…

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Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday

Mar 19, 2023 Jimmy Rivera

Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last…

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Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

Mar 17, 2023 Jimmy Rivera

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11,…

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Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa

Mar 15, 2023 Jimmy Rivera

After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by…

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Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums

Mar 13, 2023 Jimmy Rivera

On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded…

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

Mar 11, 2023 Jimmy Rivera

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…

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USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

Mar 11, 2023 Jimmy Rivera

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below…

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Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil

Mar 11, 2023 Jimmy Rivera

According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating…

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New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security

Mar 9, 2023 Jimmy Rivera

On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto…

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Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations

Mar 6, 2023 Jimmy Rivera

It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the…

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5.9% APR Assets Blockchain coingecko.com Coinmarketcap.com Crypto Crypto asset crypto market aggregation sites cryptocurrency decentralized finance DeFi defillama.com deposit developers diluting value ETH Ethereum Ethereum withdrawals Lido Liquid Staking March Market Capitalization ninth-largest coin protocol stake deposits Staked ETH Staked Ether Statistics stETH STETH market cap STETH trades STETH volume Technology TVL value locked

Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation

Mar 20, 2023 Jimmy Rivera