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Stablecoin supply reaches $315B in Q1 as USDC rises, USDT declines

In the first quarter of 2023, the total supply of stablecoins reached $315 billion, with USD Coin (USDC) experiencing significant growth while Tether (USDT) saw a decline. USDC's supply increased by 10% to approximately $42 billion, driven by its adoption in decentralized finance (DeFi) and institutional use. Conversely, USDT's supply fell by about 7% to around $68 billion, attributed to regulatory scrutiny and market dynamics. The overall stablecoin market remains competitive, with various factors influencing the supply and demand of these digital assets.

Read the full article: Coin Telegraph

California man jailed for 78 months over $250M crypto theft conspiracy

A California man has been sentenced to 78 months in prison for his involvement in a conspiracy that stole approximately $250 million in cryptocurrency. The individual, who was part of a larger group, used various tactics, including hacking and phishing, to access victims' crypto wallets. The scheme targeted numerous

Bitcoin analysts say this level must break for BTC price to confirm bottom

Analysts suggest that Bitcoin must break through the $30,000 resistance level to confirm a bottom in its price. Currently, BTC is facing challenges in maintaining upward momentum, with fluctuations around the $28,000 mark. A sustained move above $30,000 could signal a potential bullish trend and restore investor

VanEck’s Sigel sees Bitcoin reaching $1M within five years

VanEck's Chief Investment Officer, Jan van Eck, predicts that Bitcoin could reach $1 million within the next five years, driven by increasing institutional adoption and a limited supply. He emphasizes that Bitcoin's scarcity, combined with growing demand from both retail and institutional investors, will propel its

Bitwise enters tokenization in takeover of Superstate’s $267 million 'carry fund'

Bitwise has announced its acquisition of Superstate's $267 million 'carry fund', marking its entry into the tokenization space. The deal aims to enhance Bitwise's offerings in digital asset management by leveraging Superstate's expertise in tokenized investment strategies. This move aligns with the

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California man jailed for 78 months over $250M crypto theft conspiracy

Bitcoin analysts say this level must break for BTC price to confirm bottom

VanEck’s Sigel sees Bitcoin reaching $1M within five years

Bitwise enters tokenization in takeover of Superstate’s $267 million 'carry fund'