Stay updated on the most important events shaping the crypto market today, including institutional Bitcoin allocations, stablecoin changes, and top earnings in Web3 security.
Leading Wall Street analyst Jordi Visser predicts a rise in traditional financial institutions increasing their Bitcoin holdings before year-end. This shift could significantly impact portfolio allocations in the crypto space.
Meanwhile, the future of US dollar-backed stablecoins is evolving. Mert Mumtaz, CEO of RPC node provider Helius, anticipates that stablecoin ticker symbols will soon be replaced by a generic USD designation, simplifying user experience and backend processing.
The stablecoin market continues its expansion, now surpassing $280 billion in market capitalization, driven by competition and rapid sector growth.
In a remarkable trend, top white hat hackers in Web3 are earning millions annually by identifying security flaws in decentralized finance (DeFi) protocols. This contrasts sharply with traditional cybersecurity salaries capped around $300,000.
Mitchell Amador, CEO of Immunefi, highlights that the platform has facilitated over $120 million in payouts to ethical hackers, with 30 individuals becoming millionaires through bug bounties. These researchers enjoy flexibility over their targets and schedules while contributing to the security of the blockchain ecosystem.
Stay informed on these and other vital crypto developments with Coinstelegram, your trusted source for blockchain news, DeFi updates, NFT market trends, and regulatory insights.
