Solana (SOL) reached an all-time high market cap of USD 36.2 billion this morning. The network’s approach to blockchain scaling is unique among peers, but is unproven in practice.
The Victoria, Canada-based firm is now valued at USD 3.2 billion. We provide an overview of the firm's business lines and ambitions for the future.
CENTRE Consortium, formed by Coinbase and Circle to launch the USDC Stablecoin, announced that it will change the reserves composition for USDC. We contrast the change with current disclosures published by Tether for USDt reserves.
Crypto made up 50% of transaction-based revenue in Q2, up from just 17% in Q1, and the firm guided for lower revenue and net funded accounts for the period ending September 30, 2021.
Twitter’s “bluesky” project has announced hiring Zcash developer Jay Graber to lead the initiative. Bluesky was revealed in 2019 with the aim of building a “decentralized standard for social media.”
Last week, Cardano reached a market cap of $70.3 billion, about $3.4 billion less than the asset’s all-time high valuation achieved in May. The network has enjoyed outsized attention as it plans to introduce smart contracts on September 12.
The estimated crypto market cap surpassed USD 2 trillion this week, largely led by alt coins. BTC Dominance has fallen to 44%, the lowest the metric has been since early June. Here's a summary of key market metrics.
Last week, Boston Fed President Eric Rosengren said USDt reserves resemble a “very risky prime fund.” Despite persistent concerns over the stablecoin’s perceived regulatory challenges, the USDt market cap has tripled since the new year to USD 62 billion.
Ontario residents using the platform have until December 31 to close out active positions. The move preceded a notice from the UK’s Financial Conduct Authority (FCA) which stated that Binance “must not...carry out any regulated activities for which” it lacks permission.
Despite the aggressive crypto selloff, BTC dominance remains below 50%. Unrealistic valuations still persist across the market.