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The Binance stablecoin BUSD has seen its circulating supply drop by over $8 billion since mid-November 2022. According to data from CoinMarketCap, BUSD’s circulating supply hit a low of $15.3 billion on January 25, 2023, showing a continuous decline throughout January. This decline is a direct result of
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The value of Canto's native token, CANTO, has skyrocketed nearly 4x in the past week, setting a new all-time high. According to CoinMarketCap, CANTO is one of the strongest performers in the crypto market over the past 24 hours. On January 25, the price of CANTO surged by
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Ethereum founder Vitalik Buterin has successfully closed his short position on the stablecoin RAI, netting a profit of $92,000 after seven months. According to on-chain data, Vitalik Buterin initially opened his position between May and June 2022 by borrowing 400,000 RAI and selling it for 1.2 million
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Blockchain protocol Injective has announced the launch of a $150 million ecosystem development fund, sparking a 26% surge in the INJ token price. Injective Launches $150 Million Ecosystem Fund, INJ Price Rises 26% On the evening of January 25, Injective (INJ) revealed its plan to allocate $150 million towards developing
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centralized exchange dYdX will unexpectedly delay its token unlock by up to 10 months, causing a surge in DYDX prices. As of late January 25, dYdX has confirmed the postponement of the token unlock schedule for investors, employees, and advisors to December 2023, involving a total of 400 million DYDX
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After nearly two months of inflationary conditions, the amount of ETH burned from transaction fees has once again surpassed the supply from staking. Ethereum (ETH) Returns to Deflationary State Thanks to Revived Network Activity According to data from Ultrasound.money, the Ethereum network has returned to a deflationary state for
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Ethereum founder Vitalik Buterin recently published a blog post proposing a new solution called "Stealth Address" to bolster privacy protection for blockchain users. In his post, Vitalik emphasized that privacy protection remains one of the ecosystem’s significant challenges and that "addressing this issue is critically important.
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Ethereum is on the cusp of rolling out its Shanghai upgrade, which will notably include the ability to withdraw ETH from the Beacon Chain. On the evening of January 23rd, the network made significant strides towards its goal of implementing this upgrade by March of this year. On his personal
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Circle, the issuer of the USDC stablecoin, is planning to roll out a cross-chain swap feature for USDC in Q1 2023, named the Cross-Chain Transfer Protocol (CCTP). According to Jeremy Allaire, CEO of Circle, the company will introduce a cross-chain bridge for USDC in Q1 2023, aimed at making inter-blockchain
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While celebrating the Lunar New Year, let’s not forget our trading plans for the upcoming week! Don't forget to join the 68 Trading community for more quality trade signals: Join 68 Trading now for high-quality trading setups! Review of Last Week’s Trading Plan Recap: 68 Trading
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The cryptocurrency market, and Bitcoin in particular, has quickly shrugged off recent negative news to reach new highs for 2023. Top cryptocurrency price movements at 08:50 AM on January 21, 2023. Source: Coin360 On the morning of January 21, the cryptocurrency market resumed strong growth after a brief consolidation
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According to a report from Token Unlocks, an estimated $102 billion worth of tokens are still awaiting unlocking in the coming years, including prominent names like XRP, FIL, OP, LINK, and BIT. Token Unlocks has compiled data from 300 leading projects with fixed supplies on CoinGecko to produce the following