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April 13 Daily report: USDT, USDC, BUSD represent 93% of the stable coin market cap, Enterprise blockchain solutions rally, Bitcoin bulls are confident, Ethereum all-time high and Major Thai bank experimenting with decentralized finance

USDT USDC BUSD represent 93% of the stable coin market cap

The three largest stable coins USDT USDC BUSD represent a combined capitalization of $60 billion. Research from on-chain analytics provider Glassnode has revealed that the top three stable coins represent more than 90% of the sector’s entire market cap.

Enterprise blockchain solutions rally as businesses get hip to crypto

XRP, Stellar and XinFin see tremendous growth as enterprise solutions that offer cross-border solutions and serve the unbanked gain traction. The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC).

Bitcoin bulls are confident even as a key BTC price metric hits a new low

Bitcoin’s long-to-short ratio has dropped to a five-month low, but bears are not taking the bait, suggesting bulls are still in control of BTC price. Margin trading allows an investor to borrow money or cryptocurrency to leverage their trading position and increase its size or the expected return.

Ethereum all-time high

It’s a sea of green across cryptocurrency on Monday as all-time highs come back within reach for Bitcoin. Ethereum is back with a vengeance this week as a new day’s trading gets underway with a fresh attack. After a weekend in which the largest cryptocurrency avoided a correction, Monday is looking bullish.

Major Thai bank experimenting with decentralized finance

Kasikornbank has identified asset-backed Defi as having the potential to create economic value for Thailand. Kasikornbank, or KBank, one of Thailand’s largest banks, has begun experimenting with Defi services as part of its business expansion plan.

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