Circle’s USDC stablecoin has exceeded Tether’s USDT in trading volume for the first time in over four years, marking a significant shift in the stablecoin market. The milestone prompted Japanese investment bank Mizuho to raise its price target for Circle to $120 from $100, though the bank maintains a neutral rating on the company. Both stablecoins remain pegged near $1, with USDC at $0.9999 and USDT at $1.00.
Archives: Fast News
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TRUMP memecoin rises 50% overnight as large traders increase positions
TRUMP memecoin jumped 50% overnight, drawing attention from large traders. One trader who previously suffered a $15.7M loss on MELANIA is now sitting on significant unrealized gains from a recent TRUMP purchase. The memecoin surge reflects broader activity in the meme token sector, though price volatility remains high in this category of assets.
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Retail equity purchases decline 30% since Iran conflict escalation
Weekly retail equity purchases have fallen 30% since the onset of the Iran conflict, marking a shift after February recorded the third-highest monthly purchase volume on record. ETF inflows also declined 22% in the past week, following three months of strong capital deployment. The data suggests a potential pullback in retail participation after a period of elevated buying activity.
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Gold steadies after two-day drop as oil prices rally
Gold stabilized following a two-day decline, while crude oil prices continued their upward momentum. The commodity markets showed mixed signals, with energy prices gaining ground amid broader economic conditions. Traders are monitoring how these movements in traditional commodities may influence overall market sentiment and investment flows.
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Silver and platinum ETFs gain attention among precious metals investments
Precious metals ETFs, particularly those focused on silver and platinum, are attracting investor interest as alternatives within commodity-based portfolios. Silver and platinum have shown relative strength compared to other precious metals, offering exposure to industrial and investment demand. ETF.com’s analysis of the top 10 precious metals ETFs highlights performance variations across different metals and fund structures.
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TRUMP drops over 6.93% in 1 hour, the last price is 109,365 VNDC
TRUMP trading volume is $19.22m. Market capitalization reaches $980.47m.
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WuBlockchain Weekly: 20 million Bitcoin mined, Binance investigated over Iran, BlackRock launches
The mining of the 20 millionth Bitcoin marks a significant milestone in the cryptocurrency world, highlighting the ongoing growth and adoption of Bitcoin.
The U.S. Treasury’s acknowledgment of legitimate mixer uses shows a shift in regulatory stance, while Binance’s investigation may impact investor confidence.
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Ethereum Foundation issues the ‘EF Mandate’ to reaffirm core network mission
The Ethereum Foundation Council released the ‘EF Mandate’ on March 13, clarifying the Foundation’s crucial role within the Ethereum ecosystem.
The mandate emphasizes the need for Ethereum to remain censorship-resistant and dedicated to privacy and security, enhancing user sovereignty while mitigating economic exploitation risks.
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Trump Meme Coin, Render, and Pi experience significant rallies while Bitcoin stabilizes
Bitcoin has stabilized near 73,000 USD, with significant interest in the market for altcoins like Trump Meme Coin, which jumped by 48%, Pi Network, and Render adding nearly 15%.
The increase in altcoin value suggests a growing risk-on sentiment among investors, bolstered by stabilizing geopolitical conditions.