Notable news in the last 24 hours (31/07). BTC: 29,429 USD | ETH: 1,869 USD | Total market cap: 1,150 billion USD.

31 Jul 2023, 03:38
Notable news in the last 24 hours (31/07) BTC: 29,429 USD | ETH: 1,869 USD | Total market cap: 1,150 billion USD 1️⃣ The first meme token on Coinbase's Layer -2 Base BALD grew strongly, getting the community excited. Although it has only been created less than 24 hours, the liquidity poured into the BALD memecoin on Coinbase's layer-2 Base has exceeded the $36 million mark. BALD means "bald," a word often used by the crypto community on Twitter to poke fun at Brian Armstrong, the famous CEO of Coinbase. 2️⃣ Upbit suspended CRV deposits and withdrawals because of the Curve hack. Recently, South Korean exchange Upbit announced the suspension of deposits and withdrawals for CRV tokens. The reason given is that the Curve hack has caused the CRV token price to fluctuate wildly, posing risks to users. 3️⃣ The adoption of XRP's technology is deployed more aggressively after its historic victory over the SEC. Demand for Ripple's Central Bank Digital Currency (CBDC) technology is growing outside the United States, marking its influence in regions including Palau, Hong Kong and South Korea. Most recently, Hong Kong-based Fubon Bank conducted CBDC-related trials on Ripple's network. 4️⃣ Tether's USDT nearly hit the $84 billion market cap mark as Circle's USDC volume dropped to a 2-year low. Since the beginning of the year, the stablecoin sector has transformed significantly. The top two stablecoins, Tether's USDT and Circle's USDC, have experienced different trajectories in a market that is still reeling from the boom of Terra's UST last year. USDT has seen its supply steadily rise to new record levels. In contrast, USDC's market presence has waned amid growing skepticism about its reserves, especially after the collapse of SVB Bank in March.

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31 Jul 2023, 03:38
Notable news in the last 24 hours (31/07) BTC: 29,429 USD | ETH: 1,869 USD | Total market cap: 1,150 billion USD 1️⃣ The first meme token on Coinbase's Layer -2 Base BALD grew strongly, getting the community excited. Although it has only been created less than 24 hours, the liquidity poured into the BALD memecoin on Coinbase's layer-2 Base has exceeded the $36 million mark. BALD means "bald," a word often used by the crypto community on Twitter to poke fun at Brian Armstrong, the famous CEO of Coinbase. 2️⃣ Upbit suspended CRV deposits and withdrawals because of the Curve hack. Recently, South Korean exchange Upbit announced the suspension of deposits and withdrawals for CRV tokens. The reason given is that the Curve hack has caused the CRV token price to fluctuate wildly, posing risks to users. 3️⃣ The adoption of XRP's technology is deployed more aggressively after its historic victory over the SEC. Demand for Ripple's Central Bank Digital Currency (CBDC) technology is growing outside the United States, marking its influence in regions including Palau, Hong Kong and South Korea. Most recently, Hong Kong-based Fubon Bank conducted CBDC-related trials on Ripple's network. 4️⃣ Tether's USDT nearly hit the $84 billion market cap mark as Circle's USDC volume dropped to a 2-year low. Since the beginning of the year, the stablecoin sector has transformed significantly. The top two stablecoins, Tether's USDT and Circle's USDC, have experienced different trajectories in a market that is still reeling from the boom of Terra's UST last year. USDT has seen its supply steadily rise to new record levels. In contrast, USDC's market presence has waned amid growing skepticism about its reserves, especially after the collapse of SVB Bank in March.
Notable news in the last 24 hours (31/07). BTC: 29,429 USD | ETH: 1,869 USD | Total market cap: 1,150 billion USD.
Notable news in the last 24 hours (31/07) BTC: 29,429 USD | ETH: 1,869 USD | Total market cap: 1,150 billion USD 1️⃣ The first meme token on Coinbase's Layer -2 Base — BALD — grew strongly, getting the community excited. Although it has only been created less than 24 hours, the liquidity poured into the BALD memecoin on Coinbase's layer-2 Base has exceeded the $36 million mark. BALD means "bald," a word often used by the crypto community on Twitter to poke fun at Brian Armstrong, the famous CEO of Coinbase. 2️⃣ Upbit suspended CRV deposits and withdrawals because of the Curve hack. Recently, South Korean exchange Upbit announced the suspension of deposits and withdrawals for CRV tokens. The reason given is that the Curve hack has caused the CRV token price to fluctuate wildly, posing risks to users. 3️⃣ The adoption of XRP's technology is deployed more aggressively after its historic victory over the SEC. Demand for Ripple's Central Bank Digital Currency (CBDC) technology is growing outside the United States, marking its influence in regions including Palau, Hong Kong and South Korea. Most recently, Hong Kong-based Fubon Bank conducted CBDC-related trials on Ripple's network. 4️⃣ Tether's USDT nearly hit the $84 billion market cap mark as Circle's USDC volume dropped to a 2-year low. Since the beginning of the year, the stablecoin sector has transformed significantly. The top two stablecoins, Tether's USDT and Circle's USDC, have experienced different trajectories in a market that is still reeling from the boom of Terra's UST last year. USDT has seen its supply steadily rise to new record levels. In contrast, USDC's market presence has waned amid growing skepticism about its reserves, especially after the collapse of SVB Bank in March.