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Argentina, one of the fastest-growing crypto markets, has surpassed Brazil as the top Latin American country in terms of estimated user inflows.Chainalysis reported on October 9 that Argentine crypto users deposited the largest amount of cryptocurrencies in Latin America from July 2023 to June 2024, with total inflows reaching $91 billion.With an estimated $91 billion in crypto inflows, Argentina has overtaken Brazil in total crypto received, slightly surpassing Brazil’s estimated $90 billion during the same period.Argentina’s stablecoin activity is 17% higher than the global averageThe rapid growth in cryptocurrency adoption in Argentina comes amid a decades-long battle against inflation and…

On October 8, 2024, the Bitcoin ETF recorded total net outflows of $18.6 million. Fidelity’s FBTC ETF led the decline with outflows of $48.8 million, while Grayscale’s GBTC ETF had smaller outflows of $9.4 million. BlackRock’s IBIT ETF had the only notable inflow, adding $39.6 million. Other major ETFs reported no notable activity, including Ark, Bitwise, Invesco, Franklin, Valkyrie, VanEck, and WisdomTree.By October 9, the outflows had continued, with total net losses totaling $30.6 million. Ark’s ARKB ETF led the day’s outflows, with a loss of $44.5 million, while BlackRock’s IBIT ETF posted modest inflows of $13.9 million. It was…

European markets were lower on Thursday morning as investors awaited the latest U.S. inflation data for further signs that price pressures are easing.The pan-European Stoxx 600 index was down 0.14% by 9:35 a.m. London time, with sectors and major stock exchanges diverging. Insurance stocks led the gains, rising 0.49%, as the devastation caused by Hurricane Milton in Florida showed a strong outlook for the sector. Meanwhile, competitive pressures caused further woes for European automakers, with autos down 0.55%.Economists polled by Dow Jones forecast a 0.1% increase from the previous month and a 2.3% increase from the previous 12 months.The results…

XRP whales swept the broader crypto market on Thursday, moving millions of coins amid mounting speculation of a cross-appeal by Ripple to the SEC. Recent on-chain data indicates that nearly 73 million coins have been shuffled in the past 24 hours, sparking debate among market participants. Meanwhile, MetaLawMan lawyers recently filed a lawsuit against X, further demonstrating why a cross-appeal by blockchain payment companies in the XRP case is imminent. XRP whale transfers 73 million coins, will Ripple refrain from counter-appeal? Data provided by blockchain tracker Whale Alert on October 10 records that 73.16 million coins were transferred by XRP…

Allegations of cryptocurrency market manipulation have shaken the digital asset industry. US prosecutors have taken unprecedented action against alleged fraud in the cryptocurrency market.Reuters initially reported the first case of its kind. Federal authorities in Boston have indicted 18 individuals and companies for their involvement in a cryptocurrency market manipulation scheme.Also read: Top 3 cryptocurrencies that could rise more than 30% this weekendUS Prosecutors Tackle Crypto Fraud: Wash Trading Charges Rock Digital Asset IndustryThis lawsuit represents a major step in the fight against cryptocurrency fraud. The targets were Gotbit, ZM Quant, CLS Global, and MyTrade, as well as 14 individuals.…

Palau has launched a blockchain-based platform that allows citizens to invest in government bonds through an easy-to-use app. Ripple’s collaboration with Palau will introduce a stablecoin pegged to the US dollar to improve financial inclusion and transaction efficiency. Palau has launched Palau Invest, a blockchain-based platform that allows citizens to digitally invest in government bonds. Developed in partnership with Japan’s Soramitsu and supported by Japan’s Ministry of Economy, Trade and Industry, the initiative aims to generate funds for national infrastructure projects such as small and medium-sized business development, road construction and housing. BREAKING: 🇵🇼Palau launches blockchain platform to enable digital…

Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Ripple excited the XRP community with its massive RLUSD burn on Wednesday. This is the first major token…

Ripple’s CTO has addressed concerns regarding the potential impact of Ripple’s stablecoin RLUSD on XRP’s role in the ecosystem. The stablecoin, which is expected to be launched in the coming weeks, could be used for on-demand liquidity (ODL) in certain areas, among other potential uses. Ripple, which is still in the beta testing stage, has minted millions of tokens on the XRP Ledger (XRPL) and Ethereum. Concerns surrounding RLUSD However, as the launch approaches, some community members are worried that RLUSD will replace XRP in utility, especially in areas where XRP has long played an important role. Most recently, XRP…

Ethereum and the broader cryptocurrency market experienced a sharp downturn following rising geopolitical tensions in the Middle East. Ethereum (ETH) has been showing red candlesticks for six consecutive days. However, the famous crypto whale “Seven Brothers” with over $2.2 billion in assets acquired over 28,000 ETH (worth $66 million) during the recent $2,350 drop. This has left Ethereum investors in fear, uncertainty, and doubt. Investors who doubted Ethereum’s recovery are jumping on board with a new utility meme coin, CUTO, on the Ethereum network. Investors are getting into this new token early to maximize their potential for 100x returns. Ethereum…

The newly introduced global set of stablecoin standards has been endorsed by a number of stablecoin issuers, including GMO-Z.com Trust Company (“GMO Trust”), StraitsX, BiLira, and JPY, We also offer G10 currencies including SGD, TRY, and USD standards. Backed by top ecosystem participants including Fireblocks, Solana, Bitstamp, Zodia Markets, and JST Digital Stablecoin Standards, the industry association for stablecoin issuers from around the world, today announced that its recently announced global set of stablecoin issuer standards will help the industry’s leading stablecoin issuers and ecosystem participants. announced that it was supported by some. Backed by Archblock, BiLira, Bitstamp, GMO-Z.com Trust…