Global

In the rapidly evolving world of decentralized finance (DeFi), Ethereum and Solana stand out as two of the most significant blockchain ecosystems.

As of June 2024, the number of staking wallets has surpassed one million for the first time, reflecting a remarkable increase of over 30% from the 824,300 reported in September 2023, according to Flipside Crypto.

PayPal’s dollar-linked stablecoin, PYUSD, is experiencing a notable decline in its market capitalization, raising questions about its long-term viability.

Dogecoin (DOGE) has recently experienced a notable price increase, surging nearly 10% in just one day. This rise is accompanied by an increase in average transaction sizes, suggesting that larger market participants are becoming more active.

Recent data indicates a robust interest in cryptocurrency-backed exchange-traded funds (ETFs), particularly for Bitcoin and Ethereum. Over the past four days, Bitcoin spot ETFs recorded impressive inflows totaling $459 million as of October 16.

In a pioneering move for Thailand's financial sector, Siam Commercial Bank (SCB) has officially launched stablecoin-based cross-border payment services, marking what it claims to be the country's first implementation of stablecoins in the traditional banking system for international remittances.