REPORT | Bots Inflate Stablecoin Transactions from $265 Billion to $2.65 Trillion, Say July 2024 VISA On-Chain Analytics

The demand for stablecoins has picked back up in 2024, with circulating supply approaching $150 billion, according to data from the Visa Onchain Analytics tool by VISA. When looking at…

Continue ReadingREPORT | Bots Inflate Stablecoin Transactions from $265 Billion to $2.65 Trillion, Say July 2024 VISA On-Chain Analytics

LAUNCH | South African DeFi Startup, NeoNomad, Launches ZARCoin Stablecoin Pegged to the South African Rand (ZAR)

South African DeFi startup, NeoNomad, has recently introduced ZARCoin (ZARC), a stablecoin pegged 1:1 to the South African Rand (ZAR). Launched on July 11 2024, this digital currency seeks to…

Continue ReadingLAUNCH | South African DeFi Startup, NeoNomad, Launches ZARCoin Stablecoin Pegged to the South African Rand (ZAR)

FUNDING | Egyptian Fintech Unicorn, MNT-Halan, Raises a Further $157 Million After Achieving Over 20x Customer Growth

Egyptian fintech, MNT-Halan, has secured a new funding round of $157.4 million to further fuel its expansion plans. According to reports, this latest capital injection featured contributions of $40 million…

Continue ReadingFUNDING | Egyptian Fintech Unicorn, MNT-Halan, Raises a Further $157 Million After Achieving Over 20x Customer Growth

MILESTONE | ETH ETFs Post Over $1 Billion Trading Volume ‘Surpassing Expectations’ on First Day of Trading

The nine United States Ether Exchange-Traded Funds (ETFs) saw about $1.08 billion in cumulative trading volume on their first day, 23% of what the spot Bitcoin ETFs had on their…

Continue ReadingMILESTONE | ETH ETFs Post Over $1 Billion Trading Volume ‘Surpassing Expectations’ on First Day of Trading

REPORT | MemeCoin Creation Platform, Pump.fun, Collected $525,000 in Average Daily Fees, Says Solana Q2 2024 Report

Solana’s DeFi TVL fell by 9% QoQ to $4.5 billion, ranking it fourth among networks in Q2 2024, according to the State of Solana Q2 2024 report by crypto research…

Continue ReadingREPORT | MemeCoin Creation Platform, Pump.fun, Collected $525,000 in Average Daily Fees, Says Solana Q2 2024 Report

REPORT | Total Crypto Market Cap Fell By Over 14% in Q2 2024 with Meme Coins Dominating the Chart and Narrative

After nearly breaching all-time highs in Q1 2024, the total crypto market cap returned some of those gains in Q2 2024, dropping by $408.8 billion (-14.4%), closing at $2.43 trillion…

Continue ReadingREPORT | Total Crypto Market Cap Fell By Over 14% in Q2 2024 with Meme Coins Dominating the Chart and Narrative