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CEO and Co-founder of leading blockchain analytics firm Nansen.ai, Alex Svanevik, shares six themes he believes will play a role in the future of cryptocurrency. As part of this list, he shares insights on tokenized T-bills, SocialFi, Physical NFTs and the continued emergence of Web3 games. Shifting focus Over the course of the next six months, Svanevik suggests that several gaming projects are set to be unveiled, marking the culmination of over two years of development. He suggests these fits, in which he openly shares his support for, are SIPHER Odyssey, Mix Mob, a strategy card game, and Axie Infinity.  Been asked about crypto going forward. Below are 6 themes I think will play a role in the next cycle. — Alex Svanevik (@ASvanevik) October 6, 2023 At the same time, Alex cautions that while numerous gaming endeavors will enter the scene, not all will bask in success. He also calls out the impact of SocialFi, suggesting that based on on-chain data, which unvei...

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...

With the SDK, Hedera wants to bring more stablecoin applications, sparing developers from blockchain hurdles. Hedera, an open-source, leaderless proof-of-stake network, is set to compete with blockchain giants like Ethereum (ETH) in deploying stablecoins with a new toolkit. In a blog post on Sept. 14, Hedera revealed a new open-source tool to build stablecoin applications on its network. The SDK named Stablecoin Studio supports 3rd-party data sources and API integrations with pre-determined custody and KYC/AML providers, allowing stablecoin issuers to provide public disclosures of collaterals. “For stablecoin s to be widely adopted into mainstream payments and usage, stablecoin issuance and management needs to be customizable for any and all use cases.” Shayne Higdon, co-founder and CEO of the HBAR Foundation Hedera says Shinhan Bank and SCB TechX already have a stablecoin remittance proof-of-concept (PoC) using Stablecoin Studio. You might also like: Hed...

Hedera Launches Stablecoin Studio Hedera during the Token 2049 event in Singapore on September 13 announced Stablecoin Studio, an open-sourced software development kit (SDK). It allows Web3 stablecoin platforms, institutional issuers, enterprises, and payment providers to build stablecoin applications using Hedera network services without technical expertise in blockchain technology. advertisement Shayne Higdon, Co-Founder and CEO of the HBAR Foundation, said: “For stablecoin s to be widely adopted into mainstream payments and usage, stablecoin issuance and management needs to be customizable for any and all use cases. Stablecoin Studio provides that programmability, accelerating the era of modular and interoperable stablecoin s for corporations, financial institutions, and retail.” PayPal, JPMorgan, Shinhan Bank, SCB TechX, and others can leverage the Stablecoin Studio to build and manage applications. Also, Hedera -native KYC/AML account flags and con...

A “major leading indicator” for Bitcoin is pointing the way toward a classic repeat of bullish BTC price phases, analysis says. Bitcoin (BTC) is facing the prospect of a “big bull move” as stablecoin buying power returns, on-chain data hints. Analysis courtesy of on-chain analytics platform CryptoQuant now shows stablecoin supply metrics repeating historical bull market patterns. “Major leading indicator” flips bullish for BTC price Bitcoin is in peak accumulation mode, according to CryptoQuant’s stablecoin s ratio metric, and the results have always been positive for BTC price action. As noted by market cyclist and on-chain analyst Cole Garner, when denominated in United States dollars, the stablecoins ratio for exchange Bitfinex recently hit its highest since late 2022. This came at a time when markets had sold off significantly after the FTX meltdown, paving the way for a resurgence that took the BTC price 70% higher in Q1 alone. “Bitfinex Bitcoin to stables ratio blows up in adv...