Institutional crypto products witness second month of growth, driven by…

On a YTD basis, the AUM recorded an impressive growth of 71%. The U.S. retained its dominant position with 78% market share in digital asset investment products. The month of July extended broader market confidence in digital assets, diminishing late-June’s blip. The U.S. Securities and Exchange Commission (SEC) formally admitted Blackrock’s and other TradFi institutions’ …

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Has USDT managed to restore investor confidence? Data suggests…

USDT’s market cap reached a new ATH, leaving TUSD and USDC behind. Holders confirmed preference by holding USDT, but a new stablecoin is in town. Amid regulatory scrutiny and uncertainty surrounding stablecoins, Tether [USDT] has recently achieved a new milestone as its market cap reached an All-Time High (ATH). According to IntoTheBlock, USDT’s market cap …

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NFT winter intensifies; BAYC, CryptoPunks floor-prices drop

The floor prices of Ethereum-based Blue-Chip NFT projects have plummeted significantly from their all-time high. Despite the steady fall in value, BAYC and CryptoPunks experienced a drop in sales volume. Amid a general decline in interest in profile-picture NFTs (PFPs), the floor prices of Ethereum [ETH]-based Blue-Chip NFT projects have declined by an average of …

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The curious case of stablecoins amid slumping crypto market

Stablecoin sharks and whales have not converted to other assets despite downtrend. The crypto market cap remained above $1 trillion. Amidst the recent slump in the crypto market, a curious phenomenon has emerged: addresses bulging with substantial reserves of stablecoins such as Tether [USDT] and USDCoin [USDC] have remained quiet. But what does this unusual …

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Is Tron the network for the illegal? This latest report suggests that…

A new report suggests that Tron was the major cryptocurrency used for ISIS transactions over the last year. Sentiment around TRX remained negative, as the price continued to decline. TRM Labs, a blockchain intelligence platform, recently published a report highlighting the increasing adoption of cryptocurrencies by affiliates of the Islamic State of Iraq and Syria …

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Are Solana bears on the move?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The bulls failed to secure the breakout level of $26.85.  Open Interest rates declined, and more long positions wrecked. Solana’s [SOL] pullback extended ahead of the Fed’s rate decision on 25/26 July. After Ripple …

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