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Altcoin volumes are ‘more concentrated’ than ever
Altcoin volumes are ‘more concentrated’ than ever

Altcoin trade volume has returned to pre-FTX levels, but with a shrinking pool of market leaders

Blockworks·2025/04/05 18:57
The Funding: Why stablecoins are a top bet for crypto VCs
The Funding: Why stablecoins are a top bet for crypto VCs

Quick Take This is an excerpt from the 25th edition of The Funding sent to our subscribers on April 6. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2025/04/05 16:00
Flash
  • 22:32
    BUILDon officially rebrands as BUILDON GALAXY, with the first Launchpad of the USD1 ecosystem set to go live soon
    BUILDon has officially rebranded as BUILDON GALAXY and announced the upcoming launch of the first Launchpad in the USD1 ecosystem. The platform will focus on high-quality projects, offering rigorous screening, multi-chain deployment, flexible launches, and ongoing market support, injecting new momentum into the USD1 ecosystem.
  • 21:42
    USDC Usage on Ethereum Hits Record High with 21.7 Million Transactions This Quarter
    According to a report by Jinse Finance, citing Cointelegraph, USDC usage on Ethereum has just reached a new record, with a total of 21.7 million transactions this quarter and a transfer volume of $1.77 trillion.
  • 21:21
    Bitcoin Mining Heatmap Shows the US Temporarily in the Lead, but Russia Is Growing Rapidly
    According to a report by Jinse Finance, data from hashrateindex.com’s global Bitcoin mining heatmap shows that the United States currently has a hashrate of 323.4 EH/s. Although its share has slightly declined, it still maintains a leading position in overall hashrate. Russia’s share has increased by 6.12%, surging from 15.652% to 16.61%, and it now holds a raw hashrate of up to 150 EH/s, ranking second. China’s share has risen slightly from 13.727% to 13.84%, with a current hashrate of 125 EH/s, ranking third. Paraguay accounts for 3.87% of the global total, equivalent to 35 EH/s, while the United Arab Emirates (UAE) holds a 3.54% share, with a hashrate of about 32 EH/s.
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