📊 $2.6 trillion moved using stablecoins in the first half of 2024
Visa and Castle Island Ventures predict settlement volumes of up to $5.28 trillion by year-end
Stablecoins are most often used for cross-border payments, money transfers, payroll payments, and trade
69% of respondents consider stablecoins a quality replacement for fiat currency, 39% regularly pay for goods and services
🍔 Michael Saylor reminds you that you shouldn't be scared to go back to work at McDonald's because he's on the same Bitcoin team with you 🫡
💬 Ethereum will eventually overtake the first cryptocurrency in terms of market capitalization. This will happen in the next five years, said 1confirmation founder Nick Tomaino.
With Ethereum, he said, the world's most talented developers are building a decentralized internet powered by digital oil in the form of ETH.
Well, what is he wrong about?!
📰 According to a CoinGecko survey, most of the crypto community gets their news from social networks rather than from news sites - 73.8% of respondents used 𝕏 (Twitter), YouTube or Telegram as their main sources of information, and only 6.5% of participants received news from news sites.
🥊 “Ethereum Killers” are no longer relevant
CoinMarketCap decided to compare all the available Solana killers!
Metrics: capitalization, locked value (TVL), programming language, maximum performance (TPS), number of daily active users and number of engineers engaged in development. Quite interesting to look at Aptos, it recently received USDT support
The head of The ETF Store, Nate Geraci, decided to recall the success of the spot Bitcoin ETF from the world's largest investment company, BlackRock.
The instrument, called the iShares Bitcoin Trust ETF (IBIT), has only experienced one day of net outflows since its launch.
The total inflow as of today amounted to $20.5 billion. Well, IBIT itself became the best new product of 2024 and the fastest growing ETF overall, wow.
🔐Biggest token unlocks for the coming week:
Avalanche (AVAX) - $198.53 million Polyhedra Network (ZKJ) - $18.79 million Merlin Chain (MERL) - $8.24 million Pixels (PIXEL) - $7.7 million Worldcoin (WLD) - $7.52 million SPACE ID (ID) - $6.64 million Metaplex (MPLX) - $5.86 million
This week has been positive for US spot Bitcoin ETFs. Such instruments raised $32.4 million.
At the same time, 14 million were withdrawn from Ethereum-based exchange-traded funds.
So the market is quite boring right now.
💰 Justin Sun boasted that the income of the TRON protocol over the past 30 days exceeded the income of Ethereum by 50%
If this trend continues, TRON's revenue could exceed $2 billion this year, making it the most profitable blockchain on Earth, I wonder who's using it
