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Solana DEX Volumes Compete With Ethereum Despite Meme Coin Market Collapse: VanEck Solana’s decentralized exchange (DEX) volumes remain competitive with Ethereum’s ecosystem despite a sharp decline in meme coin trading activity. Solana’s decentralized exchange (DEX) volumes remain competitive with Ethereum’s ecosystem despite a sharp decline in meme coin trading activity, according to a report by asset manager VanEck. In February, Solana briefly accounted for 43% of all on-chain DEX trading volume, surpassing Ethereum and its layer-2 networks combined. By March, its share had dropped to around 30%, slightly below Ethereum’s 40%. VanEck’s head of research, Matthew Sigel, noted that despite the decline in meme coin activity, Solana’s DEX volumes were still on par with Ethereum’s ecosystem. However, trading activity on the Solana network slowed significantly after a series of meme coin-related incidents. Stablecoin transfers, critical for on-chain trading, dropped by 80% compared to January levels. The decline was partly triggered by the collapse of several high-profile meme coins, including Libra, a token linked to Argentine President Javier Milei. On Feb. 14, Libra lost approximately $4.4 billion in market capitalization within hours of its launch. Another major loss came from Official Trump (TRUMP), a meme coin associated with U.S. President Donald Trump. Since January, traders have lost around $2 billion across 800,000 wallets tied to the token. Meme coin trading, which primarily occurs on the Pump.fun platform, has been a major revenue source for Solana, accounting for approximately 80% of the network’s income. However, new token launches on Pump.fun have dropped by over 80% since the beginning of the year. Most tokens launched on the platform gain initial liquidity there before transitioning to Raydium, Solana’s leading DEX. Raydium continues to hold over $1.3 billion in total value locked (TVL), according to DefiLlama. Despite the decline in meme coin activity, Solana has outperformed the broader crypto market in the current cycle. VanEck reported that Solana’s token price has surged by 191%, while on-chain revenues, excluding maximal extractable value (MEV), have increased by 700%. The supply of stablecoins on Solana has also risen by 291% this year. VanEck highlighted that meme coin trading has been one of the biggest drivers of Solana’s recent growth. The firm noted that Pump.fun alone has generated more than $577 million in fees in just over a year. However, the recent decline in meme coin trading raises questions about the sustainability of Solana’s rapid growth. While the network has proven resilient, its heavy reliance on speculative trading could present challenges if meme coin activity continues to drop. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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CMC Labs is CoinMarketCap’s accelerator program, dedicated to helping high-quality crypto startups reach their full potential. With our extensive network and resources, we provide startups with the tools and connections they need to succeed. KEY OVERVIEW - 250m+ monthly pageviews on coinmarketcap.com - 50+ active and high-value partners for Labs + 100s more connections - A highly selective program HOW IT WORKS 1. Application submission: Submit your application online. 2. Initial evaluation: Our team reviews your application. 3. Meet the CMC Labs team: Selected startups have an initial conversation with our team. 4. Committee voting: If there is mutual interest, an internal committee votes on your application. 5. Acceptance and onboarding: Successful startups are onboarded into the program. 6. Acceleration program: Use our extensive acceleration package and features. 7. Post-acceleration support: Receive ongoing support even after the program ends.
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2 Solana Futures ETFs Listed on DTCC, Raising Hopes for Spot Solana ETF Approval Two Solana futures exchange-traded funds (ETFs) from Volatility Shares have appeared on the Depository Trust and Clearing Corporation (DTCC) list. Two Solana futures exchange-traded funds (ETFs) from Volatility Shares have appeared on the Depository Trust and Clearing Corporation (DTCC) list. These funds, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2x Solana ETF (SOLT), mark the first Solana-based products to be added to the list. These ETFs are designed to offer investors exposure to Solana futures contracts, which are now available through exchanges regulated by the Commodity Futures Trading Commission (CFTC). While the funds’ listing on the DTCC is a significant step, experts caution that it does not mean the ETFs are ready for trading. A similar situation occurred when VanEck's Ethereum ETF was listed on the DTCC in May 2024 and began trading on Cboe two months later. For the Volatility Shares funds, their listing indicates preparation for trading but doesn’t guarantee immediate market availability. The launch of Solana futures contracts on Coinbase’s CFTC-regulated derivatives exchange earlier this month made these ETFs possible. Volatility Shares originally filed for three new Solana ETFs last year, which would provide 1x, 2x, and -1x leveraged exposure to Solana futures. However, the -1x leveraged ETF does not appear on the DTCC list. This progress comes at a time when the U.S. Securities and Exchange Commission (SEC) has also acknowledged spot Solana ETF filings from issuers such as 21Shares, Bitwise, Canary, and VanEck, signaling growing momentum for Solana-based investment products. Bloomberg Senior ETF Analyst Eric Balchunas noted that Volatility’s filings bode well for the possibility of a spot Solana ETF approval, although a DTCC listing is just one step in the process. Despite the progress in Solana’s ETF offerings, it’s important to remember that the launch of these ETFs is still in its early stages. Solana’s price is trading at $135.42, down 0.1% in the past 24 hours, indicating that its market performance remains somewhat volatile. Solana is not the only altcoin seeing interest from investors. Other cryptocurrencies, including XRP, Litecoin, and Dogecoin, are also drawing attention from U.S. issuers working to launch exchange-traded products. These developments come as the regulatory environment around digital assets continues to evolve, allowing more financial products based on cryptocurrencies to enter the market. The appearance of Solana ETFs on the DTCC list and the recent launch of Solana futures contracts on regulated exchanges suggest that these products could soon become more common. This reflects the ongoing changes in the crypto industry as it becomes more integrated into traditional financial markets, opening new opportunities for both institutional and retail investors. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Never back down. Never give up
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CMC Research: Alephium Deep Dive In collaboration with @alephium, we explore how sharded Layer-1 combines Bitcoin's UTXO with Ethereum's account model, achieves 10K TPS through innovative sharding, and reduces energy usage by 87% with Proof of Less Work. Read our full analysis
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Solana Falls 8.8% Following LIBRA Meme Coin Crash and $2 Billion Token Unlock Threat Solana’s price has dropped 8.8% in the past 24 hours, hitting $169.01, marking its lowest point since mid-December. Solana’s price has dropped 8.8% in the past 24 hours, hitting $169.01, marking its lowest point since mid-December. This comes amid a wave of controversies surrounding meme coins like LIBRA and Harry Bolz (HARRYBOLZ) that are based on Solana's blockchain. Solana has fallen 16.5% in the past week and 39.1% since last month, according to CoinMarketCap data. LIBRA, a Solana-based meme coin, quickly gained attention after launching on Friday, briefly reaching a market cap of over $4 billion. However, it soon crashed, shedding more than $4.4 billion in value just hours after its peak. The token’s rise and fall were tied to its endorsement by Argentine President Javier Milei. The endorsement led to fraud charges against Milei, filed by his political opponents. The complaint accuses him of misleading the public by promoting the token and it alleges insider trading. Further controversy has surrounded LIBRA, with blockchain investigators linking its backers to those behind Melania Trump’s meme coin, MELANIA. Harry Bolz (HARRYBOLZ), another meme coin on Solana’s blockchain, saw an incredible surge of 54,637% before crashing. The brief surge was sparked when Tesla CEO Elon Musk changed his name on X (formerly Twitter) to match the coin. Another Solana meme coin, Vigilante (VIGI), surged and then collapsed by 69% after a man was arrested while trying to promote the coin by climbing the Hollywood sign. Beyond meme coins, other factors are adding to the negative sentiment around Solana. A major event on March 1, when 11.2 million SOL tokens (worth $2.06 billion at current prices) will be unlocked, is creating concern. These tokens were acquired by firms during the liquidation of FTX’s assets, and their release may lead to large-scale selling of SOL, putting additional pressure on the price. However, there is still some optimism regarding Solana's long-term potential. Recently, the network marked one full year without a network outage, something that had been a recurring issue in the past, particularly in 2022. Despite the current drop in SOL’s price, some analysts believe Solana's future remains bright. VanEck, a prominent asset management firm, has predicted that SOL could rise to $520 by the end of 2025. This is based on expectations that Solana will capture more of the smart contract blockchain market and increase its share of decentralized exchange (DEX) volumes and active users. Although Solana faces challenges in the short term, including the issues with meme coins and the upcoming token unlock, some investors remain optimistic about its longer-term prospects. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Setting every possible alert to never miss a pump but sleeping through all of them AGAIN.
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Today's Crypto Moves!
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Dear diary: I admit that buying $1000 of that meme coin was not, in fact, the galaxy brain move I thought it was.
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Galaxy’s Novogratz Says Ethereum Sentiment is 'Unbelievably Bearish' as ETH Lags Behind Bitcoin and Solana Ethereum has been struggling to keep pace with Bitcoin and Solana, and Galaxy Digital’s CEO Mike Novogratz attributes much of this to an "unbelievably bearish" sentiment surrounding the cryptocurrency. Novogratz believes regulatory pressure, particularly from the U.S. Securities and Exchange Commission (SEC), is a major reason for Ethereum’s poor performance in recent months. Speaking on the Infinite Jungle podcast, he pointed to the scrutiny Ethereum faced regarding whether Ether is classified as a security, especially following the SEC’s legal actions against Consensys. Ethereum’s price has fluctuated over the past few months. As of February 2025, it was trading at around $2,700, a 15% increase over the past year. This is far behind Bitcoin and Solana, both of which have experienced over 100% growth during the same period. While Bitcoin and Solana have seen significant price rallies and reached all-time highs, Ethereum's price trajectory has been erratic, dipping consistently since mid-December. Novogratz noted that Ethereum’s original narrative as a platform for Web3 technology has shifted. "Most of the market cap of Ethereum right now is store of value, but what got people there is a narrative about this is going to be Web3," he explained. This shift in focus from a Web3 platform to a store of value has affected Ethereum’s appeal. Novogratz emphasized that in crypto ecosystems, enthusiasm around a project’s narrative can drive value, but if that narrative fades, the value may decline as well. In addition to these challenges, Novogratz also commented on the Ethereum Foundation’s role, mentioning that the organization has been at the center of growing fears, uncertainty, and doubt (FUD). He suggested that the foundation should stick to its role as a research organization and leave advocacy to other entities, like Consensys. Ethereum has faced mounting criticism from within its own community, with many questioning the protocol’s future and some declaring they’ve lost hope. Despite these struggles, Ethereum remains a prominent store of value in the cryptocurrency world. However, its initial promise as the backbone of decentralized applications and Web3 has faced setbacks, as evidenced by its performance against competitors. With uncertainty swirling both within the community and externally, and as it lags behind Bitcoin and Solana, Ethereum’s future remains uncertain. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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CMC News: President Trump’s Crypto Czar, David Sacks, will hold a press conference today (Feb. 4) at 2:30 p.m. ET to discuss how the U.S. plans to secure its position as a leader in the digital asset ecosystem.
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Strategic Bitcoin Reserve Proposal in Illinois Includes 5-Year HODL Strategy Illinois has taken a significant step towards integrating crypto into its financial framework with the introduction of House Bill 1844 (HB1844). Illinois has taken a significant step towards integrating crypto into its financial framework with the introduction of House Bill 1844 (HB1844). The bill, proposed by State Representative John Cabello, seeks to establish a state-run Bitcoin reserve that would function as a special fund within the state treasury. One of the key provisions of HB1844 mandates a five-year holding period for any Bitcoin deposited into the fund. According to the bill’s text, the State Treasurer must retain custody of the Bitcoin for a minimum of five years. Only after this period would the state treasury be permitted to transfer, sell, or convert the Bitcoin into another crypto. The bill was referred to the Rules Committee on Jan. 29, where it will undergo further regulatory review before being presented for full legislative approval. This initiative comes on the heels of similar legislative efforts in other states, including Arizona where the Senate has advanced a bill allowing public funds and pensions to invest in Bitcoin. Supporters of the bill argue that Illinois’ proposed Bitcoin reserve aligns with broader trends in financial innovation and could position the state as a leader in blockchain technology. However, the progress of such legislation may vary across the country, depending largely on regulatory clarity and market conditions. In addition to Illinois, Texas is also considering similar measures. The Texas Lieutenant Governor announced on Jan. 29 that creating a Bitcoin reserve is among the state's legislative priorities for 2025. Two public officials in Texas have already introduced proposals to establish a Bitcoin reserve in the state. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Fear & Greed Index: 50 - Balance achieved
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Watching my 'safe play' turn into a -99% speedrun
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U.S. Court Overturns Sanctions on Tornado Cash, Cryptocurrency Token Price Soars 140% A U.S. District Court for the Western District of Texas has overturned sanctions against the decentralized crypto-mixing platform Tornado Cash. A U.S. District Court for the Western District of Texas has overturned sanctions against the decentralized crypto-mixing platform Tornado Cash, which was previously blacklisted by the U.S. Treasury's Office of Foreign Assets Control (OFAC) in 2022. The sanctions had been imposed over allegations that Tornado Cash was used by North Korea’s Lazarus Group to launder stolen cryptocurrency. Following the ruling, the price of Tornado Cash’s native token, TORN, surged by more than 140%, increasing from $9.5 to over $23. The central issue in the case was Tornado Cash’s core technology, which consists of smart contracts that cannot be altered or controlled by any individual or entity. The court ruled that these contracts are not property under the International Emergency Economic Powers Act (IEEPA), which is the law used by OFAC to impose sanctions. Since the smart contracts are immutable and decentralized, they are considered "non-ownable," and therefore, cannot be subject to the same restrictions placed on people or businesses. The court clarified that the government’s actions overstepped the bounds of its authority by attempting to regulate decentralized technologies. The ruling emphasized that the Treasury Department does not have the power to enforce sanctions on technologies like Tornado Cash under the IEEPA, especially when these technologies operate autonomously without human intervention. While the court acknowledged the Treasury Department's broad powers, it rejected the argument that Tornado Cash constitutes a service that could be sanctioned, pointing out that the platform’s operation is entirely governed by code, not people. Tornado Cash's defense argued that the Treasury had effectively created new laws without congressional approval, a stance that the court agreed with. This ruling has significant implications for the future of blockchain technologies and how they should be regulated. The decision has been celebrated by privacy advocates, who view it as a victory for decentralization and financial privacy. The ruling has also positively affected other privacy-centric cryptocurrencies, such as Monero and Zcash, whose prices increased in response to the decision. Privacy-focused platforms in the Web3 space have hailed the court’s decision, stressing the importance of protecting user privacy rights in a rapidly evolving digital economy. While this ruling represents a victory for Tornado Cash and its supporters, there are indications that the U.S. government may seek to appeal the decision, potentially escalating the issue to the Supreme Court. However, some in the crypto community, including Coinbase’s Chief Legal Officer, have urged the government to accept the court’s ruling, highlighting the importance of safeguarding personal privacy in the digital age. The case underscores the challenges authorities face in regulating decentralized technologies and raises important questions about the future of cryptocurrency regulation. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Dogecoin Price Jumps 13% in 15 Minutes Following U.S. Department of Government Efficiency Website Launch Featuring DOGE Logo Dogecoin (DOGE) saw a significant 13% price jump in just 15 minutes on Jan. 21 after the launch of the U.S. Department of Government Efficiency’s official website. Dogecoin (DOGE) saw a significant 13% price jump in just 15 minutes on Jan. 21 after the launch of the U.S. Department of Government Efficiency’s official website. The website prominently displays the Dogecoin logo, marking a key moment for the cryptocurrency. It also features the department's title, a dollar sign, and the slogan, “The people voted for major reform.” This move has raised Dogecoin’s profile, especially after the cryptocurrency had experienced a short-term price decline of 10% earlier in the day. Following the launch, DOGE’s price quickly rose from $0.33 to $0.40, showing a 20% rebound from its earlier low. Created through President Donald Trump’s executive order, the Department of Government Efficiency, also known as DOGE, is tasked with reducing government spending and improving regulations. The connection between an official government department and the cryptocurrency is unconventional but has led to increased visibility for the memecoin. Analysts speculate this could enhance the token’s legitimacy and increase market interest. Alongside DOGE’s price surge, another similarly named token, Department of Government Efficiency (dogegov.com), also saw a 35% increase in value within 24 hours. The rise in the value of these tokens reflects growing interest from the crypto community, with many commenting on the surprising connection between Dogecoin and a government initiative. Social media reactions, such as tweets from crypto enthusiasts, further fueled the excitement, with one trader writing, “The U.S. government is now officially shilling memecoins.” Technically, Dogecoin is showing signs of a bullish breakout. A “bull flag” pattern has emerged, indicating that DOGE could continue its upward momentum. If the price breaks above the resistance level at $0.37, the token could potentially reach new heights, with a target of $1.61, representing a 340% increase from current levels. The relative strength index (RSI) also remains in a positive region, signaling that there is still upward momentum in the market. The launch of the official Department of Government Efficiency website, coupled with the use of the Dogecoin logo, has caught the attention of both traders and analysts. As the market continues to respond to these developments, it remains to be seen how much further DOGE’s price could climb. The combination of increased visibility, the bullish technical setup, and the social media buzz surrounding the news all suggest that Dogecoin could be in for more speculative interest in the coming days. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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We are back!
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USDC Circulation Soars 78% in 2024 as Circle Secures Regulatory Approvals and Expands Partnerships Circle’s USD Coin (USDC) witnessed remarkable growth in 2024, with its circulation increasing by 78% year-over-year, according to a report shared by the stablecoin’s issuer. Circle’s USD Coin (USDC) witnessed remarkable growth in 2024, with its circulation increasing by 78% year-over-year, according to a report shared by the stablecoin’s issuer. The company's latest report revealed that over 500 million users now rely on the stablecoin, which operates across 16 blockchains and has facilitated more than $850 billion in transfers between fiat currencies. In November 2024, USDC’s monthly transaction volume surpassed $1 trillion, pushing its total historical transaction volume to over $20 trillion. The stablecoin has experienced rising adoption globally, partly due to Circle’s emphasis on compliance with international regulations. Circle became the first stablecoin issuer to secure a license under the European Union’s Markets in Crypto Assets (MiCA) framework in 2024. It also met Canadian listing rules, a move Circle’s Chief Strategy Officer Dante Disparte said ensures that digital dollars like USDC promote global economic inclusion. However, USDC still trails behind Tether’s USDT in market capitalization. Tether, which remains the most widely used stablecoin, saw a modest 50% market cap increase in 2024, ending the year at $137.5 billion. Meanwhile, USDC’s market cap grew from $24.4 billion to $43.9 billion, marking a 79% increase. Despite this surge, USDC remains about 22% below its all-time market cap high of $55.9 billion recorded in June 2022. Circle’s report pointed to partnerships as a key driver of USDC adoption. The company collaborated with Binance, the world’s largest cryptocurrency exchange, to enhance USDC’s availability for trading and payments. At Abu Dhabi Finance Week in December, both firms announced plans to support the stablecoin’s growth in digital financial services. In addition to Binance, Circle has worked with companies like MoneyGram and Chipper Cash to provide seamless on-ramps for converting USDC into local currencies. Coinbase, which co-founded USDC alongside Circle, also played a role in reshaping the stablecoin market in Europe. Coinbase’s European operation delisted USDT and other stablecoins that failed to meet MiCA compliance. A company announcement stated that regulatory rules necessitated the removal of certain digital assets from its platform. Circle highlighted further growth opportunities for USDC in areas like global payroll, supplier payments, and point-of-sale solutions. The firm’s euro-backed stablecoin, EURC, also gained traction in 2024, surpassing $1 billion in weekly transfer volume. Looking ahead, Circle expects increased regulatory developments in countries like the U.K., Brazil, Singapore and Japan. A spokesperson said these regulatory frameworks will help ensure stablecoin issuers operate under consistent, high standards worldwide. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Winter got the market hibernating but my alerts stay wide awake for the next meta
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Me after selling my 'dead' coins one day before revival:
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Which ecosystem deserves a 5 review
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N ow early adopters from 2010 must feel now...
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16 years ago today, everything changed. Happy birthday, Bitcoin
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One of these coins is generational wealth, the others are generational trauma. Choose wisely...
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Hong Kong Advances Stablecoins Bill in Legislative Council Hong Kong's proposed Stablecoins Bill has moved forward in the Legislative Council, signaling progress toward a structured regulatory framework for stablecoins in the region. Hong Kong's proposed Stablecoins Bill has moved forward in the Legislative Council, signaling progress toward a structured regulatory framework for stablecoins in the region. The bill was published in the Hong Kong Gazette on Dec. 6 and introduced to the Legislative Council for its first reading on Dec. 18. The legislation encompasses three critical components: licensing requirements for stablecoin issuers, restrictions on offerings and marketing, and enhanced consumer protections. If enacted, the bill mandates that all stablecoin issuers in Hong Kong obtain a license from the Hong Kong Monetary Authority (HKMA), the region's central banking authority. To secure this license, issuers will undergo an evaluation process that assesses their controllers, resources, and the mechanisms used to stabilize the value of their stablecoins. Only entities that meet regulatory standards will be permitted to issue or market stablecoins to the public. Consumer protections outlined in the bill aim to safeguard various market participants, including stablecoin issuers and distributors. This legislative effort reflects a broader trend observed in Europe following the implementation of the Markets in Crypto-Assets (MiCA) regulations. Research from Kaiko and crypto exchange Bitvavo indicates that the MiCA framework has significantly transformed the European stablecoin market, with compliant issuers gaining substantial market share. By late 2024, MiCA-compliant stablecoins were reported to control approximately 91% of the market, following the discontinuation of non-compliant offerings like Tether's euro-backed stablecoin. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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WEB3 ACCELERATOR Get launched by CoinMarketCap (+340M/mo Visitors) CMC Labs is CoinMarketCap’s accelerator program, dedicated to helping high-quality crypto startups reach their full potential. With our extensive network and resources, we provide startups with the tools and connections they need to succeed. KEY OVERVIEW - 250m+ monthly pageviews on coinmarketcap.com - 50+ active and high-value partners for Labs + 100s more connections - A highly selective program HOW IT WORKS 1. Application submission: Submit your application online. 2. Initial evaluation: Our team reviews your application. 3. Meet the CMC Labs team: Selected startups have an initial conversation with our team. 4. Committee voting: If there is mutual interest, an internal committee votes on your application. 5. Acceptance and onboarding: Successful startups are onboarded into the program. 6. Acceleration program: Use our extensive acceleration package and features. 7. Post-acceleration support: Receive ongoing support even after the program ends.
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Time to rate setups - show us what you're working with
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Crypto Market Sees $1.2 Billion in Liquidations as Bitcoin, Dogecoin, XRP and Solana Face Double-Digit Losses Cryptocurrency prices have taken a significant hit, with Bitcoin, Ethereum, XRP, Dogecoin and Solana all suffering major losses. Cryptocurrency prices have taken a significant hit, with Bitcoin, Ethereum, XRP, Dogecoin and Solana all suffering major losses. After briefly reaching an all-time high of over $108,000, Bitcoin dropped 7% in a single day to $97,000. Ethereum fell nearly 12%, trading at $3,422, while XRP saw a similar drop, down 11% to $2.22. Dogecoin, the popular meme coin, tumbled by 20%, landing at $0.31. Solana, another major altcoin, dropped below the $200 mark, down 12% to $191. These losses are part of a larger correction across the crypto market, which saw the entire sector fall by 9%. The downturn comes after Federal Reserve Chair Jerome Powell's recent remarks about inflation projections for 2025, which spooked markets. Powell's comments about inflation possibly being higher than expected and the likelihood of interest rates remaining high for longer led to a broad sell-off in risk assets, including cryptocurrencies. Meme coins like Dogecoin, known for their sensitivity to macroeconomic news, were hit especially hard. Dogecoin's price plummeted 12.4%, and trading volume surged 67%, indicating panic among holders. Despite this, Dogecoin remains one of the largest cryptocurrencies by market cap, valued at $46.6 billion. The market has also seen massive liquidations, with over $1.2 billion worth of crypto positions being wiped out in just 24 hours. Long positions accounted for the bulk of the liquidations, totaling $1.07 billion. The largest single liquidation order, occurring on Binance, was worth nearly $16 million. Additionally, Binance saw $83 million in outflows, showing a broader trend of selling pressure across exchanges. Other cryptocurrencies, including XRP and Cardano, have also suffered substantial losses. XRP, for example, experienced a 10% drop, while Cardano lost 15.7%. These declines were part of a wider downturn that affected most of the altcoin market. Meme coins like Shiba Inu and Bonk also saw significant losses, down 23.3% and 22.5%, respectively. Despite the sell-off, some altcoins are still gaining attention. One notable exception is Fartcoin, a meme coin that has gained 71% in the past week and is up 323% for the month. However, these gains are rare, and the overall sentiment in the crypto market remains bearish. As Bitcoin dropped below $100,000, the broader market is showing signs of vulnerability, and analysts are keeping a close watch on further developments. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
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Bring back the OG memes!
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When you keep buying every dip but it keeps dipping...
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Getting some serious Cillian Murphy vibes today
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DeSci or ReFi
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Reconnecting with nature (checking portfolio from the garden).
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Pretending everything is fine after Coffeezilla exposed the coin I just spent my college tuition on (;´༎ຶٹ༎ຶ`)
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WEB3 ACCELERATOR Get launched by CoinMarketCap
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Staring at a cute meme coin chart like
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Holding through all the dips.. Congrats, you get the 'Diamond Hands' card!
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