Stablecoin Transaction Volume Hits a New Record High as USDC Surpasses USDT

Stablecoins have hit an all-time high in monthly transaction volume, as Circle’s USDC (USDC) flipped Tether’s USDt (USDT), new data shows. Key takeaways: Stablecoin monthly transaction volume reached a record $1.8 trillion in February. USDC comprised 70% of all stablecoin volume. Rising stablecoin supply on exchanges puts crypto markets in a good position to recover….

Stablecoin Transaction Volume Hits a New Record High as USDC Surpasses USDT

Stablecoins have hit an all-time high in monthly transaction volume, as Circle’s USDC (USDC) flipped Tether’s USDt (USDT), new data shows. Key takeaways: Stablecoin monthly transaction volume reached a record $1.8 trillion in February. USDC comprised 70% of all stablecoin volume. Rising stablecoin supply on exchanges puts crypto markets in a good position to recover….

Will BTC See $60K Again?

Key points: Analysts believe that Bitcoin will have to stay above the $68,000 level to continue its recovery. Several major altcoins have turned down from their overhead resistance levels, indicating that bears remain in control. Bitcoin’s (BTC) relief rally was rejected at the $74,000 level, and the bears have pulled the price below $68,500. Select…

Kalshi, Polymarket Eye $20B Valuations in Potential Fundraising: WSJ

Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations. Both platforms have held preliminary discussions with potential investors about raising fresh capital at the elevated valuation, the Wall Street Journal reported on Friday, citing people familiar…

Florida Senate Approves First Stablecoin Bill, Awaits DeSantis’ Signature

Florida lawmakers have approved a state-level framework regulating payment stablecoins, moving the legislation to Governor Ron DeSantis’ desk for final approval. In a Friday post on X, Samuel Armes, founder of the Florida Blockchain Business Association, revealed that Senate Bill 314 has cleared the Florida Senate unanimously. The measure is set to become law once…

BTC slips below $68,000 as dollar posts steepest weekly gain

Bitcoin BTC$67,690.58 fell to $67,960 by Saturday morning, down 3.4% over the past 24 hours and retreating sharply from the past week’s high. The move fits what has become a recurring script in recent months, with late-week selling dragging prices toward the lower end of the range heading into Saturday. Majors took the harder hit…

Bitcoin Dip May Not Be Over As Retail Ramps Up Buying: Santiment

Retail investors have been scooping up Bitcoin after it slipped below $70,000, but whale activity suggests the price could still head lower if past patterns repeat, according to crypto sentiment platform Santiment. “The moment Bitcoin hit $74k, these key stakeholders began taking profit,” Santiment said in a report on Friday. Santiment explained that whales —…

Ex-CFO Sentenced to Two Years after Diverting $35M to Crypto Venture

Nevin Shetty was convicted of wire fraud related to secretly moving $35 million in funds from a Seattle startup to his own crypto platform in 2022 to use for DeFi investments. A Seattle judge has sentenced the former chief financial officer of a local startup to two years in prison following his conviction for wire…

Bitcoin Data Shows Why 3-Year Holders Avoid Losses

Bitcoin (BTC) gets a bad name among some investors due to its steep double-digit drawdowns that punish late buyers, but data suggests the outcome can change with time. Since 2017, investors who bought BTC near the market highs faced losses of about 40%–50% in the next two years, but data shows many of those positions…

Bitcoin Data Shows Why 3-Year Holders Avoid Losses

Bitcoin (BTC) gets a bad name among some investors due to its steep double-digit drawdowns that punish late buyers, but data suggests the outcome can change with time. Since 2017, investors who bought BTC near the market highs faced losses of about 40%–50% in the next two years, but data shows many of those positions…