Ad About $7 billion worth of value has left the Circle-backed stablecoin USDC since October, according to Glassnode data analyzed by CryptoSlate. (Source: Glassnode and Cryptoslate) (Source: Glassnod...
Tag: shrunk
Web3 assets rapidly fell as valuation rapidly shrunk in 2022
Web3, the decentralized internet platform, was massively impacted during the bear stretch of 2022, Fred Wilson, a partner at Union Square Ventures, observes. In an article published on Dec. 31, he rev...
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month – Altcoins Bitcoin News
While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably du...
US GDP Shrunk by 0.9% in Q2, Implications for the Crypto Industry
The United States of America (USA), highly regarded as the world’s largest economy, has seen its Gross Domestic Product (GDP) shrink by 0.9% in the second quarter of the year. While the reporting agen...
Crypto Investments Shrunk nearly 25% to about $9.3B in H1
Penetration of the crypto space has decreased; Venture capital firms’ investment shrunk nearly 25% from a record $12.5 billion invested in the first half of last year to about $9.3 billion in th...
Coinbase Has Literally Shrunk in Half
Popular digital currency exchange Coinbase – arguably the largest trading platform in the western hemisphere – has lost virtually half its value over the course of a few days. Coinbase Has Lost Half I...