NFT News Official TheBitTimes.com

On Oct. 5, Binance Research released a monthly market report with numbers indicating a continuous decline on stablecoins, which hit a low of US$123.8b. The report reveals that this month marks the 18th month in a consecutive decline. Dives deeper  The full report  shares that in September, the cryptocurrency market remained remarkably steady, exhibiting minimal fluctuations in total market capitalization. Notably, the announcement of FTX asset liquidation and the FOMC meeting briefly disrupted this tranquility; however, the market went on to absorb these disruptions. Binance Research adds that stablecoins are now at a level which has not been seen since September 2021, which the firm attributes to a combination of factors, with one example being elevated interest rates. You might also like: Binance’s 2017 ICO flopped, exchange reportedly raised $5m Other findings show that September saw significant changes in DeFi perpetuals as ApolloX surged to promine...

VanEck’s monthly crypto market recap reveals that trading volumes of centralized exchanges declined to $52.8 billion in August, representing a 15.5% decrease compared to July. Bitcoin (BTC) and Ethereum (ETH) faced a challenging month, recording 9% and 10% losses, respectively. VanEck: Crypto markets hit lows In August, as reported by VanEck, the trading volumes of digital assets hit a two-year low, coinciding with an all-time low in their volatility. According to the analysis, this decline was attributed to waning investor interest. The analysts attributed the declining investor interest to the allure of beach vacations in the U.S. and the U.S. 10-year treasury bond, whose yield reached its highest level in 15 years in August. The report also revealed a substantial decrease in venture capital funds allocated to blockchain projects, with only $500 million deployed in August 2023, representing a significant drop from the $1.9 billion and the $2.7 billion recorded in August 2022 an...