#market

Avalanche blockchain is trailing in the stablecoin market, with a capitalization of just $1 billion. This situation is taking a toll on the DeFi applications' liquidity within its ecosystem and obstructing a steady flow of new users to the platform. To draw a comparison, the stablecoin market cap on Ethereum stands at $71 billion, while on Tron, it is $52 billion.

Within just the first six days of spot bitcoin ETF trading, the total assets of these funds have soared to roughly 95,000 BTC ($4 billion). Fidelity (FBTC) and BlackRock (IBIT) are at the forefront, collectively holding 64,000 bitcoins.

Ondo Finance, the provider of tokenized securities, has expanded its operations to the Asia-Pacific region. Company representatives highlight a significant demand in Eastern countries for various American assets, which can be challenging to acquire.

The European Council and Parliament have tentatively agreed to bring the cryptocurrency market under the purview of EU anti-money laundering (AML) and anti-terrorism financing laws.