investor news Archives - Coin Engineer

Stablecoin Users Grew 53% in One Year!

Yigit Taha OZTURK — Wed, 19 Mar 2025 09:00:28 +0000

Stablecoin users saw a 53% increase in just one year. According to a joint report by Artemis and Dune, the number of active stablecoin wallets grew from 19.6 million in February 2024 to 30 million by February 2025.

53% Growth in Active Stablecoin Wallets!

Artemis and Dune’s report titled “The State of Stablecoins 2025: Supply, Adoption & Market Trends” revealed that from February 2024 to February 2025, active stablecoin addresses increased by 53%. This growth suggests wider user engagement. The report also highlights that stablecoins have emerged as a bridge between traditional finance and crypto, becoming a critical component of digital finance by 2024.

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The rise in institutional adoption, increased use of stablecoins in payments, decentralized finance (DeFi), and their broader accessibility have been major factors driving the growth in active stablecoin wallets.

The report also noted an increase in the total supply of stablecoins. In February 2024, stablecoin supply stood at $138 billion, but by February 2025, this figure reached $225 billion, marking a 63% increase year-on-year. Unlike other crypto assets, stablecoins maintain a value of $1, meaning their market capitalization aligns closely with their total supply.

Monthly Transfer Volume Grew by 115%!

Stablecoin’s monthly transfer volume also experienced significant growth. From $1.9 trillion in February 2024, it increased to $4.1 trillion by February 2025, representing a 115% year-on-year increase. The highest recorded volume occurred in December 2024, when volumes peaked at $5.1 trillion, followed by a decline in 2025. Overall, stablecoins facilitated $35 trillion in total transfers over the past year.

Despite explosive growth in other metrics, the average transfer size for stablecoins showed minimal increase. The average transfer size moved from $676,000 in 2024 to $683,000 in 2025. However, there were spikes, such as in May, where the average reached $2.6 million, and in July, it reached $2.2 million, indicating increased whale and institutional activity with stablecoins.

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Bakkt Shares Experienced a Huge Drop!

Yigit Taha OZTURK — Wed, 19 Mar 2025 07:00:09 +0000

The crypto custody firm Bakkt experienced a sharp drop in its stock price after announcing that two of its major clients will not be renewing their agreements. The company’s shares closed the trading session on March 18 with a significant 27.28% loss.

Bank of America and Webull Decisions Increased Selling Pressure

In a regulatory filing dated March 17, Bakkt disclosed that two key clients would not renew their commercial agreements. Bank of America will terminate its existing agreement on April 22, while the brokerage platform Webull will end its contract on June 14.

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According to the filing, Bank of America accounted for 17% of Bakkt’s loyalty services revenue for the nine months ending September 30, 2024. Webull contributed 74% of the company’s crypto services revenue during the same period.

Shares Crash to New Lows!

Following this development, Bakkt (BKKT) shares dropped 27.28% on March 18, closing at $9.33. In after-hours trading, the shares fell an additional 2.25%, reaching $9.12.

Bakkt’s stock price has plummeted more than 96% from its all-time high of $1,063, recorded in October 2021.

Bakkt has postponed its previously announced earnings conference call twice. The latest rescheduling sets the call for March 19. These delays have added further uncertainty for investors.

Class Action Lawsuit on the Horizon!

The Law Offices of Howard G. Smith announced a potential class action lawsuit against Bakkt following the termination of agreements with Bank of America and Webull. The statement claims that the canceled agreements and the delayed earnings call led to a sharp decline in Bakkt’s stock price, “thereby injuring investors.”

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FTX to Repay Creditors! Payment Date and Details Announced

Yigit Taha OZTURK — Tue, 04 Feb 2025 17:00:45 +0000

Once one of the largest cryptocurrency exchanges in the world, FTX is now preparing to repay its investors after its 2022 collapse. FTX creditors, who have been affected throughout the bankruptcy process, will start receiving their first repayments as of February 18, 2025.

Emails sent to relevant users indicate that the first phase of the repayment process will cover FTX Bahamas creditors under the “convenience class”, which includes claims under $50,000.

FTX Collapse and Repayment Process

FTX filed for bankruptcy in November 2022 following a liquidity crisis, which led to CEO Sam Bankman-Fried misappropriating customer funds to cover multi-billion-dollar losses at Alameda Research, its sister company. This collapse caused significant turmoil in the crypto market, resulting in massive losses for investors.

Now, as part of the bankruptcy process, affected customers will receive approximately 119% of the cash value of their deposits from two years ago.

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However, the repayment plan is based on crypto prices from November 2022. As a result, customers who held Bitcoin (BTC) and Ethereum (ETH) at the time will receive compensation reflecting values of around $20,000 and $1,200, respectively.

Solana Investors Among the Biggest Losers

The FTX collapse has had a particularly harsh impact on Solana (SOL) investors. When FTX filed for bankruptcy, Solana was trading at just $17. Today, Solana is trading above $200, meaning that many investors have missed out on significant gains.

This has caused frustration among customers who lost their crypto holdings, as the FTX repayment plan is based on past prices rather than current market values.

How Will FTX Repayments Affect the Crypto Market?

FTX’s repayment process could have a major impact on the cryptocurrency market. Since most payments will be made in cash, some investors may reinvest these funds back into crypto. This could lead to positive momentum for major cryptocurrencies like Bitcoin, Ethereum, and Solana.

However, if large investors decide to cash out instead of reinvesting, it could create selling pressure in the market.

In the coming days, how FTX creditors choose to use these funds will be one of the key factors shaping the market’s direction!

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