Over the past 30 days, the supply of the stablecoinTrueUSD (TUSD) has increased by 110%, with the number of TUSD stablecoins based on Ethereum and Tron rising by 27% and 218%, respectively. This is as a result of the USDC depegging event that occurred on March 11, 2023, when the USDC dropped to a low of $0.877 per coin and remained depegged until the US Federal Reserve announced it would bail out Silicon Valley Bank (SVB) in California and Signature Bank in New York. News Sorce

On March 30, the price of Bitcoin briefly crossed the $29,000 mark, setting a new high for 2023. This growth has occurred in spite of a number of regulatory crackdowns, including a lawsuit filed by the US Commodity Futures Trading Commission against Binance and its CEO Changpeng “CZ” Zhao. The recent price rebounds, according to traders, may have been caused by large-volume traders reinvesting rather than by fundamentals. Despite hiccups in the world banking sector, the Crypto Fear and Greed Index has been rising steadily over the past month. News Sorce

As cryptocurrency markets once again experienced bullish sentiment, XRP climbed to its highest level since May of last year. Cardano rallied as well, with the token increasing by more than 11%. Breaking through a long-term ceiling at $0.5550, XRP/USD reached its highest point since May 9. A recent ceiling at the 70.00 level was also broken by the 14-day relative strength index (RSI). News Sorce

Although some exchanges are immune to banking issues, stablecoins are seen as a potential solution to cryptocurrency’s banking problem. Stablecoins, according to Bitstamp USA CEO Bobby Zagotta, can provide a substitute for conventional banking by enabling quicker and more affordable transactions, reducing reliance on banks, and boosting liquidity. News Sorce

Ethereum validators will soon be able to withdraw their Ether ETHtickers down to $1,789 from the Beacon Chain, enabled by Ethereum Improvement Proposal EIP-4895. The epoch, slot, and time were confirmed following a week-long deliberation between members of the Ethereum Foundation. There are now 17.81 million Ether staked on the Beacon Chain. At a current price of $1,776, $31.6 billion can be unlocked over time, with Staked Ether added to the Beacon Chain since it launched in December 2020. Shapella is the most significant Ethereum hard fork, while Berlin will optimize petrol prices in April 2021 and London will introduce EIP-1559 in August 2021. Istanbul enhanced layer-2 scaling solutions’ performance and resilience to denial-of-service attacks. The Ethereum Foundation increased rewards when bugs were discovered in the Shapella code, with successful bounties ranging from $2,000 to $250,000. News Sorce

With only 10.31% of the total ETH available, the supply of Ethereum on exchanges is at its lowest level since 2015. 90% of the ETH in circulation is held by organisations in charge of their own wallets, driven by worries about exchange security and the demand for investors to have complete control over their assets. Because there isn’t a lot of ETH available on exchanges, if there were to be strong market demand, the price of the cryptocurrency would probably increase. The supply of Ethereum has decreased by 66,000 ETH in the 180 days since the network’s merge upgrade, indicating a growing deflationary trend. After the London hard fork, transactions started burning ETH after the implementation of Ethereum Improvement Proposal (EIP) 1559. Ethereum staking has been viewed as a source of income for both cryptocurrency owners and exchanges; in the fourth quarter of last year, Coinbase reported revenue of more than $200 million. Ethereum’s Shanghai upgrade is one step closer to being activated, allowing validators to withdraw their staked ether and rewards earned from adding or approving blocks. News Sorce

Due to the debate, the Shiba Inu ecosystem has been under pressure; according to CoinGecko, SHIB has lost 6% of its value over the past week. Burn rate decreased by 70%, according to ShibBurn, but it still poses a long-term issue. Investors can buy SHIB with confidence as it now exhibits a low likelihood of a downside and a high probability of an explosive upside. News Sorce

Following a “security incident” in March that resulted in access to their clients’ hot wallets, General Bytes is paying back its cloud-hosted customers who lost money. At least 56 Bitcoin BTCtickers were compromised, each valued $27,075, or more than $1.5 million at the time of writing, and 21.82 Ether ETHtickers were also compromised. To stop additional illegal access, General Bytes has taken quick action, and it is striving to safeguard its clients. General Bytes has compensated impacted clients and urged them to switch to a self-hosted server installation while “working diligently” to strengthen security protocols and stop similar instances from occurring again. Since most ATM operators use VPN technology to safeguard their infrastructure, the breach did not damage them. General Bytes has stopped offering cloud services and is dedicated to continuing to provide customers with integrity and professionalism. News Sorce