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cointelegraph.com Mar 19, 2025 08:09

Stablecoin users grew 53% in one year: Report - A joint report by onchain analysis platforms Artemis and Dune showed that active stablecoin wallets increased by over 50% in one year. The report, titled “The State of Stablecoins 2025:  Supply, Adoption & Market Trends,” showed that from February 2024 to February 2025, active addresses increased from 19.6 million to 30 million. This represents a 53% increase year-on-year. The onchain analysis platforms said this expansion suggests wider user engagement. The report added that in 2024, stablecoins have emerged as a bridge between traditional finance and crypto, becoming a critical component of digital finance. Apart from increased institutional adoption, stablecoins’ growing use in payments and decentralized finance (DeFi) and its broader accessibility were cited as some of the reasons spurring the growth of stablecoin active addresses. Active stablecoin addresses from February 2024 to February 2025. Source: ArtemisRelated: Rising $219B stablecoin supply signals mid-bull cycle, not market topTotal stablecoin supply increased by 63% in one yearApart from the number of active addresses, the total supply of stablecoins also increased. The report highlighted that in February 2024, stablecoins had a total supply of $138 billion. However, in February 2025, the supply reached $225 billion, showing a 63% growth year-on-year. Unlike other crypto assets, stablecoins maintain a value of $1, meaning their market capitalization is similar to their total supply. Chart shows stablecoin growth from February 2024 to February 2025. Source: ArtemisIn addition to other metrics, stablecoin monthly transfer volume rose in the same time frame. In February 2024, stablecoins’ monthly transfer volume was $1.9 trillion. This increased to $4.1 trillion in February 2025, a 115% year-on-year increase. The highest recorded volume for stablecoins happened in December 2024, when volumes reached $5.1 trillion. However, this was followed by a decline in 2025. In total, stablecoins facilitated $35 trillion in total transfers over the past year. Stablecoin monthly transfer volume from February 2024 to February 2025. Source: ArtemisWhile other metrics showed explosive growth, the average transfer size for stablecoins showed little increase. The figure moved from $676,000 in 2024 to $683,000 after one year. Despite this, the metric showed spikes in May, where it reached $2.6 million and in July, when it recorded $2.2 million. This suggests heightened whale or institutional activity with stablecoins. Artemis and Dune analysts said the fluctuations indicate the widespread use of stablecoins in retail and institutional transactions. Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

FOMO: 85%
cointelegraph.com Mar 19, 2025 06:05

Bakkt stock tumbles nearly 30% after losing Bank of America and Webull - Crypto firm Bakkt’s share price has closed March 18 trading down over 27% after it disclosed that two of it biggest clients, the Bank of America and Webull, won’t renew commercial agreements. In a March 17 regulatory filing, Bakkt said it had received notice of Bank of America not renewing its commercial agreement when the deal expires on April 22. It also disclosed that the brokerage platform Webull had also decided not to renew its agreement when it ends on June 14. Bank of America represented 17% of Bakkt’s loyalty services revenue in the nine months ending Sept. 30, 2024, according to the filing. Webull represented 74% of the company’s crypto services revenue across the same period. Stocks in Bakkt (BKKT) tumbled on March 18 after the filing, and its share price closed the day down 27.28% at $9.33. BKKT saw a further decline of 2.25% to $9.12 after the bell, according to Google Finance. Bank of America and Webull won’t renew agreements with Bakkt, which saw its stock sell-off. Source: Google FinanceOverall, the stock is down over 96% from its all-time high of $1063, which it hit on Oct. 29, 2021. Bakkt has also postponed its previously announced earnings conference twice, with the latest rescheduling slating the call for March 19. Bakkt was founded in 2018 by the Intercontinental Exchange, which holds a 55% stake and also owns the New York Stock Exchange (NYSE).Related: Bakkt declares $780M full-year revenue in 2023 earnings reportAt least one law firm, the Law Offices of Howard G. Smith, announced a possible class action against Bakkt, alleging federal securities violations. The potential lawsuit claims that the terminated agreements with Bank of America and Webull, combined with the rescheduled earnings call, caused Bakkt’s stock price to fall, “thereby injuring investors.” Bakkt, Bank of America and Webull didn’t immediately respond to requests for comment. In November last year, Bakkt’s share price jumped over 162% to $29.71 and continued to climb 16.4% to $34.59 after a report claimed Donald Trump’s media company was in advanced talks to acquire the firm. Before that, Bakkt’s parent company considered selling it or breaking the firm into smaller entities in June, according to a Bloomberg report. It also received a notification from the NYSE in March that it wasn’t in compliance with the stock exchange’s listing rules after its stock spent 30 days closing below $1 on average.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

FOMO: 85%