#market capitalization

The latest crypto rally brings stablecoins to the forefront, as their total market capitalization surpasses $200 billion for the first time in history.

With more than 1.5% of all Bitcoin ever mined on its balance sheet, MicroStrategy has entered the prestigious list of the top 100 largest public companies in the U.S. by market capitalization, claiming the 97th position.

As detailed in The Crypto Wealth Report 2024, the number of crypto billionaires has risen by 27% over the last year, now totaling 28, while the number of millionaires has soared by 95% to 172,300. This increase closely aligns with the overall market capitalization, which climbed by 89%.

The SEI token, having just been released, now finds itself in the 85th spot in terms of market capitalization, as reported by Coinmarketcap. It's also making its presence felt in daily trading, occupying the seventh position with a volume of $1,6 billion. While current metrics paint a promising picture for the project, it's worth noting that the cryptocurrency arena frequently sees such developments. Therefore, it's wise to approach this news with measured optimism.

XRP’s meteoric rise caused a stir in the crypto community. The cryptocurrency surpassed major players like Solana and Tether, even briefly securing the third spot in market capitalization. What’s driving this growth?

BitGo is set to launch its own yield-bearing stablecoin, USDS, in early 2025. The stablecoin will be backed by cash and short-duration Treasury bills that generate returns. The initial market capitalization is expected to reach approximately $10 billion within the first year.

South Korean prosecutors have launched an investigation into Wemade, a developer of Web3 games with a market capitalization exceeding $1 billion. The company is suspected of failing to register officially as a virtual asset service provider, thereby allegedly violating local laws and gaining unfair profits over an extended period.