Solana adds $1B worth of stablecoins in December
Solana experienced a remarkable $1 billion increase in stablecoin value throughout December, with the majority of the inflow attributed to USD Coin (USDC), according to data from DefiLlama. This growth underscores the rapid adoption of stablecoins and highlights Solana’s emergence as a key player in decentralized finance (DeFi) during 2024. The Solana network now boasts […]
BlackRock’s Bitcoin ETF Leads 2024 Net Inflows Among Competitors
BlackRock’s spot Bitcoin exchange-traded fund (ETF) outshined its competitors in 2024, recording over $37 billion in net inflows, according to Farside Investors. The iShares Bitcoin Trust (IBIT) attracted more than three times the net inflows of its closest rival, Fidelity’s Wise Origin Bitcoin Fund (FBTC), which brought in nearly $12 billion. BlackRock also claimed the […]
Stablecoin reserves hit $45B on exchanges – What it means for Bitcoin investors
Bitcoin’s [BTC] recent price rally has reignited discussions around market dynamics, particularly Binance’s massive stablecoin reserves and their role in fueling bullish sentiment. As of December 31, these reserves soared to an impressive $44.5 billion, signaling significant buying potential that could further propel BTC upward. At the time of writing, Bitcoin was trading at $93,592.03, […]