#market capitalization
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CS2 skin market recovers after historic $2B crash
After losing $2 billion in market value following Valve's October 23 knife crafting update, the CS2 skin economy is showing remarkable resilience. Market capitalization has recovered from its $3.2B low to $4.7B, representing 75% of the pre-crash peak, as panic subsides and strategic buyers enter the market. 
BitGo is set to launch its own yield-bearing stablecoin, USDS, in early 2025. The stablecoin will be backed by cash and short-duration Treasury bills that generate returns. The initial market capitalization is expected to reach approximately $10 billion within the first year. 
South Korean prosecutors have launched an investigation into Wemade, a developer of Web3 games with a market capitalization exceeding $1 billion. The company is suspected of failing to register officially as a virtual asset service provider, thereby allegedly violating local laws and gaining unfair profits over an extended period. 
Gold market cap tops $30 trillion, well above Bitcoin & tech
Gold's market capitalization reached $30 trillion after the metal climbed to a record $4,380 per troy ounce. That figure is an estimate of the total value of all mined gold and is roughly 14 times Bitcoin's roughly $2.1 trillion market cap and about 1.6 times the combined value of Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta and Tesla. Stablecoin market cap reaches $292.6B with 1.37% weekly growth
The total market capitalization of stablecoins has climbed to $292.62 billion, according to DefiLlama data, marking a 1.37% increase in the past seven days. The steady growth highlights continued demand for digital dollars as investors seek liquidity amid volatile crypto markets. 
As detailed in The Crypto Wealth Report 2024, the number of crypto billionaires has risen by 27% over the last year, now totaling 28, while the number of millionaires has soared by 95% to 172,300. This increase closely aligns with the overall market capitalization, which climbed by 89%. BOME: The Meme Token Market's Newest Sensation
The launch of BOOK OF MEME (BOME) by artist Darkfarms has set social media ablaze, marking an unprecedented surge in its value. Within a mere three hours post-launch, the token's price catapulted by twenty times, with its market capitalization breaching the $80 million mark. Let’s discover the ethos and origins of this project. 
The Crypto Market Today: Tomato vs Avocado
Today's cryptocurrency market paints a vivid picture of a battleground. Teams passionately hurl tomatoes and avocados, creating a mix of red and green splatters. Fans of tomato sauce seem to be leading with a downtrend in overall market capitalization and a gradually declining greed index.