CryptoNews

Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth

February 1, 2024
In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in their supplies, with increases of 4.8% and 7.2% respectively. Stablecoin Economy on the Rise Over the last 30 days, the stablecoin market experienced a…
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CryptoNews

Grayscale's Bitcoin Trust Sees Reduction Slowdown as New ETFs Gain Ground With Over 160,000 BTC Acquired

February 1, 2024
In the most recent update, Grayscale’s Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33 billion. Meanwhile, the nine recently launched spot bitcoin exchange-traded funds have collectively garnered…
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AI & RoboticsNews

Exclusive: Metal unveils new AI assistant for financial services and private equity funds

January 31, 2024
Anyone with experience in or around finance would probably attest that a good chunk of the work is tedious, especially when evaluating the performance of companies over time and their future performance outlook. This holds true for professionals in financial services, where meticulous analysis of financial documents, market trends, and other relevant data is often time-consuming but essential for…
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DefenseNews

US Navy works on war response plan amid Red Sea ship surge

January 31, 2024
WASHINGTON — The U.S. Navy is working on a new wartime response plan that would affect how ships and crews prepare and deploy for combat, according to the head of U.S. Fleet Forces Command. This comes as the Navy experiences firsthand in the Middle East what it requires to sustain a fighting force at sea. The Navy has pushed additional destroyers into the Red Sea and Eastern Mediterranean…
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