This recent growth underscores the sector's momentum, with Bitcoin’s market cap alone accounting for over $1.7 trillion (at the time of writing), representing a 55.7% dominance in the crypto market.
According to FTX, this buyback, initiated by FTX’s then-CEO Sam Bankman-Fried (SBF), was financed with FTX’s native token, FTT, along with Binance’s tokens BNB and BUSD, despite FTX allegedly being insolvent at the time.
Bitcoin mining difficulty is a measure of how challenging it is to mine a new block relative to the easiest it could ever be.
This coalition of companies, named the Global Dollar Network, aims to foster widespread adoption of USDG by offering yield to network participants.
This includes a $48 million injection from crypto exchange Coinbase and venture capital firm Andreessen Horowitz (a16z) and $30 million already raised, highlighting the industry's long-term commitment to regulatory influence.
