Global

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.

In a significant operation, Hong Kong police have dismantled an alleged scam center linked to an elaborate cryptocurrency romance investment scheme, arresting 27 individuals in the process.