USDT $43 billion injected in the crypto market. What does it mean? The top two stablecoins - USDT and USDC - increase their supply $34 billion and $9 billion respectively over the last year. 🤯
Why does this matter? Such increase in stablecoin market size is a sign of: Higher liquidity and market activity, which often precedes a bull market; A sign of increase DeFi activity, including DeFi lending; A positive health check for the crypto market sentiment.
BTCUSDT Indian Exchange Hacked WazirX India’s Safe Multisig wallet on the ETH network has been compromised A total of 234.9M has been moved to a new address. the suspicious address has swapped PEPE, GGALA, and USDT to ETH and continues to swap other digital assets.