One metric that underscores this behavior is the balance of Ethereum-based stablecoins on exchanges. The amount of stablecoins on exchanges declined steadily heading into the election as investors took a “wait-and-see approach”, Shuttleworth said. Then, following Nov. 5 election, stablecoin balances jumped to a yearly high of $41 billion from around $36 billion in early November, Nansen on-chain data shows, as investors deposited stablecoins pent-up demand for crypto assets
Key Takeaways: Gold spot prices reached $4,829 per troy ounce at the end of the week, marking a fourth consecutive...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Wu Blockchain reports that Kelp DAO has...
Key Takeaways: Netblocks reports Iran’s 50-day blockade slashed connectivity to 2%, spurring $1.8B in economic losses. Blocked from the internet,...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Bitcoin has been on...
Key Takeaways: A federal judge dismissed all securities claims against Caitlyn Jenner’s JENNER meme coin with prejudice on April 16,...
