Romania is one of the most dynamic yet structurally evolving insurance markets in the region of Central and Eastern Europe (CEE) and the country significantly strengthened its underwriting discipline despite elevated claims evolution, with net claims increasing by 43.7% year-on-year.
The former UFC champion tried to launch his own celebrity memecoin, REAL, in April, but the project failed to gain traction. UFC star Conor McGregor criticized former rival Khabib Nurmagomedov for his non-fungible token (NFT) drop on Telegram, which featured digital “papakhas” — a traditional hat worn in Nurmagomedov’s native country of Dagestan. “There is just no way good guy Khabib used his late father’s name, as well as Dagestan’s culture, to scam his fans and fire sell a bunch of digital NFTs online,” McGregor wrote in a now-deleted X post. Onchain sleuth ZachXBT responded to McGregor, pointing out that McGregor attempted to launch his own celebrity memecoin in April called REAL. ZachXBT said: Read more
A recent analysis shed light on another correlation between the world’s largest cryptocurrency and stablecoin by market capitalization. Blockchain analytics provider Glassnode reported a “strong negative correlation” between Bitcoin’s and USDt’s activity over the last two years. In a Wednesday X post, Glassnode shared a comparison between Bitcoin’s (BTC) price and net flows of USDt (USDT) to exchanges starting in December 2023. According to the analysis, net outflows of USDT from exchanges coincided with increases in the price of BTC. “During euphoric phases, USDT typically flows out at –$100M to –$200M/day as investors lock in profits,” said Glassnode. “At the $126K peak [in October], net outflows reached >$220M (30D-SMA); A clear profit-taking signal now easing as flows turn positive again.” Read more