🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
USDT, USDC Stablecoins' Metrics Spell Crypto Rally Coming
USDC by Circle and USD Tether (USDT) by Tether Limited are both demonstrating strong growth traction in recent weeks. Normally, such processes indicate a coming rally for net crypto capitalization, CryptoQuant data says. This bullish trend has gained steam despite delisting USDT for EU users on major exchanges.
USDC, USDT stablecoins sending bullish signals to market, CryptoQuant data says
Over the last 30 days, both USDT and USDC, two largest stablecoins responsible for 87% of the segment's volume, showcase positive cap dynamics. As explained by CryptoQuant, on-chain analysis firm, such trends might be indicators of coming crypto prices rallies.
USDT’s 30-day market cap dynamics just turned positive after slight adjustments. Meanwhile, USDC demonstrates fastest growth amid all of the largest USD-pegged stablecoins. Circle's cryptocurrency added 20% in just one month despite market uncertainty and persistent regulatory hostility.
CryptoQuant analysts opine that such traction demonstrated by both of the largest stablecoins in the world is the signal of a potential rally in crypto:
Per the popular theory, stablecoins are "dry powder" for Bitcoin (BTC) price growth. Investors are "parking" their assets in stablecoins, anticipating the prices to grow.
By contrast, when the capitalization of stablecoin decreases, it means that traders are moving their funds out of the cryptocurrency market
By press time, USDT's market cap is at $140 billion, while USDC reached the $53 billion level. Aggregated capitalization of the stablecoin segment hit $223 bllion today.
Tether's USDT goes live on Bitcoin Lightning
Tether (USDT), the largest stablecoin, announced its expansion to a new blockchain. As stated by Tether CEO Paolo Ardoino, USDT will be issued on Lightning Network, the oldest mainstream Bitcoin L2
Lightning Network scales Bitcoin (BTC) by processing some transaction data via payment channels instead of broadcasting it to the mainnet.
The announcement arrives while the crypto audience is discussing USDT's delisting from Crypto.com, a tier-1 CEXes. Due to MiCA adoption in EU, operations with USDT will be unavailable to European customers from today, Jan. 31, 2025.