Coinedition
The USDT volume on the TON network has surpassed $1 billion. TON network’s USDT transaction volume surged 670% in six months. Analysts expect the TON network’s increased adoption to affect its token’s price positively.
Ripple’s Q3 2024 recap focuses on XRP’s classification as not security, boosting its legal status and market potential. Major financial institutions like Bitwise, Canary, and Grayscale are investing in XRP-based products. The crypto market witnessed growth driven by factors like rate cuts, ETH ETF launches, and increasing institutional adoption.
Pipeline Flow Model sees XRP’s fair value at $3,541 amid global adoption potential. Legal hurdles and price suppression may have held XRP back from its fair value. XRP’s future value could skyrocket if FX adoption drives transaction volume growth.
Paxos, Robinhood, Bullish, and more companies have debuted Global Dollar (USDG). The new USDG stablecoin has been built atop the Ethereum blockchain. DBS Bank has been named as the primary banking partner for the Global New Dollar project.
Hamster Kombat’s monthly active users declined from 300 million to just 41 million. The users felt betrayed by the app’s HMSTR airdrop as it contradicted their expectations. The HMSTR token fell by 76% from its high of $0.009993 to a low of $0.002392
Trump’s tax cuts and tariffs echo early U.S. policies, potentially shifting financial markets. Harris contrasts with Trump, targeting high-net-worth individuals for added revenue streams. Trump and Harris propose different approaches to provide tax relief for the middle class.
Eric van Miltenburg says Ripple’s vision is enabling the internet of value. Mitenburg believes value can move around as efficiently as data on the internet. The Ripple SVP Strategic Initiatives believes blockchain technology is in its early stages.
Bitcoin rally will resume after the 2024 US presidential elections. Spot On Chain predicted that BTC will hit $100,000 after the elections. Bitcoin is trading at higher $60K price levels, and seeks to reclaim $70,000.
