Tag: Cryptocurrencies

Bitcoin climbed back above the $79,000 threshold following the release of the latest U.S. Consumer Price Index (CPI) inflation data. The macroeconomic update sparked heightened volatility across crypto markets as traders re-evaluate Federal Reserve interest rate expectations. Derivatives markets noted a wave of short liquidations as the leading digital asset erased recent intraday losses. Bitcoin reclaimed ground above the $79,000 mark on...

Stablecoin issuer Circle is reportedly in advanced discussions to acquire cross-border payment platform Tazapay for approximately $400 million. The potential acquisition aims to expand Circle’s regulatory footprint and strengthen its global payment and settlement capabilities. The deal highlights ongoing consolidation within the crypto payments sector as stablecoin adoption accelerates globally. Stablecoin issuer Circle has reportedly...

Ethereum reached the $2,600 price milestone for the first time in seven months, aligning with a broader market recovery across digital assets. The upward movement was accompanied by a noticeable uptick in derivatives trading volume and open interest across centralized exchanges. Market analysts attribute the recent price action to improving macroeconomic conditions and renewed institutional interest in layer-1 networks. Ethereum climbed past...

Robinhood Chain generated $943,728 in gas revenue on Sept. 10, marking a sharp decline from its $5.44 million peak on Sept. 4. Despite the steep drop in toll collection, transaction volume remained flat while weekly decentralized exchange (DEX) volume rose 27%. The average transaction cost fell to $0.077 in gas, down significantly from $0.43 during the network’s peak activity period. Robinhood’s proprietary blockchain...