Cardano Reserves On Coinbase Explode 462% Amid Reports Of XRP Reserve Depletion
The Cardano reserves on Coinbase have surged 462% since the exchange launched wrapped ADA on base. This follows earlier reports that the XRP supply on the crypto exchange has fallen drastically, indicating significant investor demand. Cardano Reserves on Coinbase Rise 462% Since Launch Coinbase’s proof of reserves shows that there is a total supply of […]
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Technical indicators suggest short-term rebounds for XRP ($XRP), Cardano ($ADA), and Solana ($SOL). Their comebacks come after Trump proposed US tariffs worldwide that rattled the financial sector at large, including crypto. But after the financial turmoil, it’s not only the most popular altcoins that are strengthening. The new crypto projects to explode, like $SOLX, $SUBBD, […]
On March 23, the cryptocurrency exchange Coinbase announced the platform will now allow cardano staking services. The company’s senior product manager Rupmalini Sahu mentioned that cardano is one of the top ten crypto assets by market cap and its proof-of-stake (PoS) blockchain “seeks to be more flexible, sustainable, and scalable.” Coinbase Now Offers Cardano Staking Services Cardano (ADA) holders can now leverage the cryptocurrency trading platform Coinbase to stake their ADA, according to an announcement from the Coinbase executive Rupmalini Sahu. The firm’s....
Many investors have been left dissatisfied with Cardano’s performance this year due to the huge decline in the value of ADA, the native cryptocurrency of the blockchain. On-chain data shows that the percentage of Cardano (ADA) addresses that have been lost is already over 94%, and data points to the possibility of further losses soon. […]
Terra (LUNA) has been aggressive about filling up its reserves with trusted cryptocurrencies to serve as a backup for its stablecoin UST. This has evolved over time to include a number of various cryptocurrencies that now make up its reserves sitting at $2.38 billion. This is still a long way from where the Luna Foundation plans for its reserves to be, making it a work in progress. In this report, we take a look at these reserve currencies and the portion allocated to each one. Diving Into Terra’s Reserves As mentioned previously, Terra’s crypto reserves have gone up to as high as $2.38....
With the price of Cardano (ADA) showing upward potential as the crypto market gains traction again, institutional buying pressure is experiencing a notable rise. One of the leading companies in the crypto sector that has been accumulating ADA at a substantial rate is American-based cryptocurrency exchange Coinbase. Coinbase Step Up Cardano Accumulation As the current […]