Global #market capitalization

As the global cryptocurrency market continues its rapid expansion, a notable trend is emerging: the increasing demand for stable digital assets. Among these, tokenized versions of traditional financial instruments, such as US Treasurys, are capturing significant interest.

In a striking move, Tether Treasury has minted $1 billion USDT on Ethereum and transferred $183.2 million USDT to Cumberland for exchange deposits over the past 13 hours, as reported by SpotOnChain on X.

Global markets showed signs of recovery on Tuesday, reversing some of the heavy losses from the previous day. This resurgence drove the total market capitalization of crypto assets up by 7% in the past 24 hours, reaching $2.07 trillion.

Jan Van Eck, CEO of VanEck, has made a bold prediction about Bitcoin's future, forecasting that the cryptocurrency could reach up to $2.9 million per coin by 2050.

Avalanche (AVAX) has overtaken Tron (TRX) in market capitalization, signaling a shift in the rankings of leading cryptocurrencies.

The internet's feline overlord, Popcat (POPCAT), has reached a major milestone. The meme-inspired cryptocurrency surpassed a market capitalization of $1 billion, sending shockwaves through the crypto community.