Crypto Markets Lukewarm on Trump’s Inauguration: Bybit and Block Scholes Report
Plus: Will Hawk Tuah girl make the nice list? GM. Ho ho hodl! The Daily Squeeze is sliding down your chimney with a bag full of crypto insights. ✨ Trump’s pro-crypto team, policies encouraging innovation, and talks about a Bitcoin reserve. 🎄 Holly jolly headlines: Adam Back calms the quantum computing panic, Hawk Tuah girl…
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On Thursday, the global crypto market experienced a slight decline. The total market capitalization fell by 0.32% to $2.38 trillion, while overall trading volume decreased significantly by 35.76% to $57.09 billion. The most trending crypto was zkSync, which saw a 3.55% drop to $0.2144 with a 24-hour trading volume of $512.58 million. On the other…
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Cryptocurrency exchange Coinbase unveiled its proof-of-reserves page for cbBTC, the exchange’s wrapped version of bitcoin (BTC) that allows users to deposit bitcoin with Coinbase and send tokens that represent the deposited BTC to multiple blockchain networks such as Ethereum or Solana. Displaying live proof of bitcoin in custody gives users confidence that at any given…
Ripple’s United States dollar-pegged stablecoin RLUSD is only a few million dollars away from reaching the $500 million market capitalization. Also, the platform has recorded the minting of 16 million new tokens within the last 24 hours. There is a general uptick of momentum from all angles. RLUSD Key Metrics Look Promising The total supply…