Tether Mints 4B USDT in 4 Weeks – Whale Alert
According to data from Whale Alert, stablecoin issuer Tether has issued 4 billion USDT tokens in the past month, increasing the quantity of USDT tokens minted and accounting for nearly 18% of all USDT issued in 2023. According to blockchain data provider Whale Alert, on November 10, Tether distributed an additional 1 billion Tether on […]
Bitcoin Mining Reward Hits Annual All-time High of $44M
On November 12, the Bitcoin mining community achieved its annual all-time high (ATH) by amassing transaction fees and block rewards exceeding $44 million in a day. Bitcoin mining generates most of its revenue from rewards for authenticating Bitcoin transactions and generating new blocks utilizing mining rigs, which are sophisticated computing devices. In addition to transaction fees, […]
Filecoin (FIL) Price Soars 16% Following Sushi DEX Integration
A substantial breach on the technical chart for the Filecoin price indicates the potential for an additional upward movement in price. FIL, the native cryptocurrency of the decentralized storage platform Filecoin, is on a tear, with a 24-hour gain of 16% and a potential price of $5.5. FIL has extended its weekly gains by over 32% […]
MATIC Price Surges 9% as Polygon Enters New Macro Uptrend
Many whale transactions have been recorded on Polygon’s MATIC, indicating increased institutional interest in the cryptocurrency. MATIC, the native cryptocurrency of Polygon, extends its inexorable ascent by an additional 9%, approaching $0.90. The MATIC price has completed a significant breakout from the channel with a downward trend on the monthly chart and is now commencing […]
THORChain Becomes Third Largest DEX
Among decentralized exchanges, THORChain’s $1.32 billion in transaction volume over the past week was second only to Uniswap and PancakeSwap. In the past week, the native asset settlement protocol THORChain has ranked third among non-centralized exchanges regarding trading volume. Users appear drawn to the high yield close to its native token. DefiLlama reports that THORChain’s […]