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Last week, digital asset investment products saw inflows of $533 million, the highest in five weeks, following remarks by Jerome Powell at the Jackson Hole Symposium suggesting potential rate cuts. $BTC dominated with $543 million in inflows, reflecting its sensitivity to interest rate changes. $ETH experienced outflows of $36 million, despite new #ETFs bringing in $3.1 billion over a month. Regionally, the U.S. led with $498 million in inflows, while Germany saw outflows. Blockchain equities saw a third consecutive week of inflows, totaling $4.8 million. #Binancefeed #TrendingTopic
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📈 The #stablecoin market has reached a new all-time high in terms of market capitalization. This increase in market cap is driven by various factors, including heightened interest in decentralized finance applications, the use of stablecoins for trading and payments, and their role as a hedge against the volatility of other #cryptocurrencies Stablecoins, which are digital assets pegged to traditional currencies like the US dollar, offer a stable store of value that can be easily transferred across different platforms and countries. The rise in their market cap indicates a broadening acceptance of stablecoins as a reliable medium of exchange and a tool for managing risk in volatile markets. #Stablecoins #StablecoinMarketCap #TrendingTopic
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#Binance has announced that it will list #EURITE - a new cryptocurrency, on its platform. Alongside the listing, Binance is introducing a zero trading fee promotion for EURI to encourage user engagement and trading activity. This promotion will allow users to trade $EURI without incurring any trading fees, making it an attractive option for both new and existing traders. #Binancelisting #EURI #TrendingTopic
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$TRX has surpassed $TON to become the 9th largest crypto by market cap on #CMC #marketcap #TRXUpdate #TronNetwork #TrendingTopic
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#SimonsCat ($CAT) meme token on the BNB Chain recently reached a $250M market value, now at $244M, up 50% in 24 hours. #simoncat #MemecoinWatch2024 #memecoin #TrendingTopic
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