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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 02:49

Minnesota senator proposes Bitcoin Act after going from skeptic to believer - Minnesota state Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, which he drafted after completely changing his stance on Bitcoin.“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller said in a March 18 statement.Miller said the bill aims to “promote prosperity” for Minnesotans by allowing the Minnesota State Board of Investment to invest state assets in Bitcoin (BTC) and other cryptocurrencies, just as it invests in traditional assets.Several other US states have introduced similar Bitcoin-buying bills, with 23 states having introduced legislation to create a Bitcoin reserve, according to Bitcoin Laws.A total of 39 different bills related to state investments in Bitcoin have been introduced across 23 US states. Source: Bitcoin LawsUnder Miller’s bill, Minnesota state employees would be able to add Bitcoin and other cryptocurrencies to their retirement accounts.It would also give residents the option to pay state taxes and fees with Bitcoin. Colorado and Utah already accept crypto for tax payments, while Louisiana allows it for state services.Investment gains from Bitcoin and other cryptocurrencies would also be exempt from state income taxes. In the US, up to $10,000 paid to the state can be deducted from federal taxes under the state and local tax deduction, but any amount beyond that is subject to both state and federal tax obligations.Related: SEC could axe proposed Biden-era crypto custody rule, says acting chiefThe increasing number of US states proposing Bitcoin reserve bills follows Senator Cynthia Lummis’ July Strategic Bitcoin Reserve Act, which directs the federal government to buy 200,000 Bitcoin annually over five years, totaling 1 million Bitcoin.However, on March 12, Lummis proposed a newly reintroduced BITCOIN Act, allowing the government to potentially hold more than 1 million Bitcoin as part of its newly established reserve.Bitcoin has shown significant gains compared to traditional assets in recent years. From August 2011 to January 2025, Bitcoin posted a compound annual growth rate of 102.36%, compared to the S&P 500’s 14.83%, according to Curvo data.Bitcoin’s compound annual growth rate is significantly higher than the S&P 500s. Source: CurvoMagazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

FOMO: 90%