Scan to download
BTC $71,565.38 -1.11%
ETH $2,074.83 -2.15%
BNB $650.99 -0.94%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $459.82 -2.10%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%
BTC $71,565.38 -1.11%
ETH $2,074.83 -2.15%
BNB $650.99 -0.94%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $459.82 -2.10%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

cast

The market value of USDT has shrunk for two consecutive months, and the stagnation of stablecoin growth may cast a shadow over the recovery of the cryptocurrency market

The world's largest stablecoin Tether (USDT) saw its market capitalization decline by 0.8% this month to $18.361 billion, continuing a trend of falling approximately 1% from its historical high of $18.684 billion, which may record a second consecutive month of contraction. This marks the first occurrence of consecutive monthly shrinkage since the collapse of TerraForm Labs in 2022, and is seen as a signal of tightening market liquidity.Analysts point out that stablecoins are the "liquidity fuel" of the crypto market, and a contraction in their supply typically indicates net outflows of funds. Against this backdrop, demand for U.S. spot Bitcoin ETFs remains sluggish, leading to a cautious assessment of the sustainability of any rebound. In terms of price, Bitcoin has failed to gain sustained momentum since it stopped falling around $60,000 on February 6, although it briefly rebounded above $70,000, it has now retreated to oscillate around the $65,000 range.Meanwhile, another major stablecoin, USD Coin (USDC), has seen its market capitalization rise from a low of $70 billion in January to about $75 billion, but overall growth for the year has stagnated, indicating a simultaneous slowdown in the expansion momentum of major stablecoins. Market participants believe that if the supply of stablecoins does not expand again, the overall recovery of the crypto market will still face liquidity constraints.

Neynar co-founder releases Farcaster strategic vision and clarifies that the client, protocol, and Clanker will not be shut down

Co-founder of Neynar, Rishav Mukherji, published a post outlining the vision for Farcaster: Neynar will maintain the Farcaster protocol, run the Farcaster client, and be responsible for the operations of Clanker. Some members of the Clanker team will join Neynar. Neynar has always been an important infrastructure provider for the Farcaster ecosystem, and this integration is a natural evolution after years of deep involvement in the community.The vision is to enable builders to move from ideas to sustainable income, creating a "builder-first" network. The core value of Farcaster lies in the long-established community of builders, a group that has driven key innovations such as Frames, Degen, and Warpcast. The value of Farcaster is not only in the products but also in those who experiment, share knowledge, and build openly. Neynar's acquisition of Farcaster has a core mission to make software building simpler.At the product level, there will be no major adjustments to Farcaster, Neynar, or Clanker, and rumors about the protocol or client being discontinued are not true. The Neynar developer platform will continue to exist, and financial and transaction-related functions will remain unchanged. The next phase will involve assessing product priorities, gradually advancing the roadmap while maintaining the openness of the network. As the barriers to software building continue to decrease, combined with crypto-native financial tracks and open distribution mechanisms, Farcaster is expected to become an important starting point for creators and developers to experiment, collaborate, and scale.
app_icon
ChainCatcher Building the Web3 world with innovations.