Summary
TLDR: AI-related cryptocurrencies are performing well, with Axelar seeing a 41% increase. Stablecoins are attracting more investment than bitcoin ETFs. Solana DeFi is growing rapidly. Marathon bitcoin miner stock fell, while Coinbase remains a top performer. The US government holds $13.6 billion in crypto.
Key Points
1. AI-related cryptocurrencies like fetch.ai (FET) and singularityNET (AGIX) are among the top performers in the market today, with significant gains.
2. Axelar (AXL), a layer-1 blockchain focused on interoperability, surged 41% after being listed on Binance.
3. Stablecoins, particularly USD stablecoins like Tether and USDC, have seen a significant increase in supply, surpassing even the inflow into bitcoin spot ETFs.