Tether CEO Projects Liquidity Pool for Commodities Financing to Reach $5 Billion by 2026

Tether’s CEO, Paolo Ardoino, recently projected that the company's liquidity pool, dedicated to financing raw materials transactions, could grow to between $3 billion and $5 billion by 2026. The company has expanded its business operations into commodities lending, which follows Tether’s broader strategy to support the $10 trillion trade finance industry. This division, known as Tether Investments, was cre

Stablecoin Trading Volume Reaches $1.8 Trillion in November as Institutional Confidence Grows

The cryptocurrency market experienced notable developments in November, with stablecoins achieving record trading volumes and market capitalization while football club Watford FC strengthened its blockchain engagement. According to CCData's report, stablecoin trading volumes on centralized exchanges surged by 77.5% to $1.81 trillion as of Nov. 25, marking one of the highest monthly volumes in 2024. Th

Pantera Capital Predicts Bitcoin Could Reach $740,000 by 2028, Fueled by Changing Regulations and Institutional Investment

Pantera Capital predicts Bitcoin could reach $740,000 by 2028, driven by regulatory shifts, institutional adoption, and its historical growth trends. The cryptocurrency, which surged approximately 120% this year, recently traded around $93,000 after nearing $100,000. CEO Dan Morehead highlighted Bitcoin’s resilience and growth potential, emphasizing that despite skepticism

Tether to Phase Out Euro-Backed Stablecoin EURT Amid Regulatory Challenges

Tether, the issuer of the USDT stablecoin, has announced it will discontinue its euro-backed stablecoin, EURT, due to regulatory challenges in Europe. EURT holders have until Nov. 25, 2025, to redeem their tokens, and no new issuance requests have been accepted since 2022. The decision aligns with Tether’s concerns about the evolving regulatory landscape, including the European Union’s Markets in Crypto-Assets (MiCA) re

Tornado Cash Token Soars 380% After U.S. Court Rules Against Treasury Sanctions on Immutable Smart Contracts

Tornado Cash’s native token, TORN, skyrocketed by over 380% following a landmark ruling by the U.S. Fifth Circuit Court of Appeals on Nov. 26, 2024. The court ruled that the U.S. Treasury Department overstepped its authority when it sanctioned Tornado Cash’s immutable smart contracts. This decision has triggered a surge in privacy coins, with data showing TORN briefly hitting highs of $

Trump Administration May Shift Crypto Regulation to CFTC

Reports indicate that President-elect Donald Trump’s incoming administration is considering a significant shift in crypto regulation, potentially empowering the Commodity Futures Trading Commission (CFTC) to oversee certain digital assets.

According to Fox Business, this move could dilute the authority of the Securities and Exchange Commission (SEC) in the realm of cryptocurrency regulation.

The CFTC may be tasked with regulating crypt

Oracle Corporation Sues Crypto Firm for Trademark Infringement

Oracle Corporation has initiated legal action against Crypto Oracle LLC and its owner, Louis Kerner, in a California federal court, alleging violations of trademark rights and a prior settlement agreement.

The lawsuit, filed on Nov. 25, accuses the defendants of “egregiously and flagrantly” disregarding a court-issued injunction from a previous case.

The ongoing dispute traces back to 2019 when Oracle first sued the crypto startu

Bitcoin Drops to $92K as Long-Term Holders Drive Sell-Off During Market Volatility

Bitcoin's price has fallen sharply, dropping over 5.6% to $92,774 as of Nov. 26, following a historic high of $99,000 on Nov. 22. Analysts note this decline stems from activity by long-term holders rather than exchange-traded funds (ETFs) or institutional investors. Eric Balchunas, a senior ETF analyst at Bloomberg, explained, "I see a lot of CT baffled/frustrated as to how Saylor can buy $5B of BTC but price do

Bitcoin Faces Critical $92,500 Support Level After $500 Million in Liquidations, Traders Brace for Potential Sell-Off

Bitcoin's price is teetering on a critical support level as it navigates recent market turbulence. On Nov. 26, Bitcoin saw a modest recovery after a severe sell-off which liquidated over $500 million in long positions. Despite this bounce, traders remain cautious, focusing on the $92,500 mark which has become pivotal for Bitcoin’s next direction. A failure to hold this level co

Dogecoin and Solana Lead Double-Digit Losses as Crypto Market Faces Sharp Downturn

The cryptocurrency market has experienced a significant downturn, with major digital assets posting notable losses. Dogecoin (DOGE) and Cardano (ADA) have been among the biggest losers, with DOGE down 12% and ADA dropping 14.7%. Solana (SOL) also saw a decline of 10%, trading at $227, while XRP fell 10.7% to $1.33. Even Bitcoin (BTC) and Ethereum (ETH) were not spared, losing 6.1% and 4.5%, respectively. Overall

Bitcoin Will Face Decline Before Surging to $100,000, Standard Chartered Analysts Remain Optimistic

Bitcoin recently dropped below $92,000 after briefly approaching $100,000, prompting a mix of concerns and optimism among analysts. Geoff Kendrick, a digital assets strategist at Standard Chartered, pointed out that the drop could be linked to U.S. Treasury term premiums, which have reduced Bitcoin's role as a hedge against traditional financial markets. Kendrick predicts a further decline to ab

U.S. Bitcoin ETFs Experience $438 Million Outflows as Bitcoin Drops Below $94,000, While Ethereum Funds See Modest Inflows

U.S. spot Bitcoin ETFs saw significant outflows on Monday, totaling $438 million, marking the end of a five-day period of inflows that had brought in nearly $3.4 billion. The outflows occurred after Bitcoin's price fell below $94,000, dipping from nearly $100,000 last week. By Monday, Bitcoin was trading at $94,515, down 3.55% in the last 24 hours.

Bitwise’s BITB saw the

MicroStrategy Makes Record-Breaking Bitcoin Purchase, Bolstering Its Holdings to Over $37 Billion

MicroStrategy has made headlines with its largest Bitcoin purchase to date, acquiring 55,500 BTC between Nov. 18 and 24 for $5.4 billion. The purchase, disclosed in a filing with the U.S. Securities and Exchange Commission (SEC), was made at an average price of $97,862 per Bitcoin. This move elevates the company’s total holdings to 386,700 BTC, valued at approximately $37.6 billion.

The firm’s cu

Chill Guy Meme Coin Surges 50% to $461 Million Amid Legal Dispute Over Intellectual Property

The meme coin Chill Guy ($CHILLGUY), based on a popular internet character, has seen a massive surge since its launch on Nov. 15. The coin’s market cap jumped from $10 million to $500 million, with a 60% increase in just 24 hours, although it has since retraced to about $440 million. The coin’s rise is largely attributed to the viral success of its mascot, an anthropomorphic dog in casual attire, which

Ethereum Surges to $3,500, Marking a Four-Month High Amid Market Recovery

Ethereum (ETH) surged to $3,500 on Monday, marking its highest price since July 21, before slipping slightly to $3,475. The cryptocurrency saw a daily increase of 3.6% and an 11.4% rise over the past week, making it the strongest gainer among the top five digital assets by market capitalization. In the same 24-hour period, $24.6 million in Ethereum short positions were liquidated, reflecting intensified market activity.

Bitcoin ETFs Attract Record $3.13 Billion in Weekly Inflows Amid $100K Price Surge Hopes

Bitcoin investment products experienced a surge in net inflows, reaching $3.12 billion between Nov. 18 and 22, according to CoinShares. This marks a 102% increase compared to the $1.67 billion from the prior week and extends the streak of positive inflows to seven weeks. Spot Bitcoin ETFs in the United States played a pivotal role in this growth, signaling heightened investor interest.

BlackRock’s iShares

WisdomTree Files for XRP ETF as Ripple-Backed Coin Reaches 3-Year High of $1.60

WisdomTree, a prominent New York-based asset management firm overseeing $113 billion in assets, has filed for an XRP exchange-traded fund (ETF) with Delaware authorities. This filing adds the company to a growing list of firms aiming to bring an XRP ETF to the U.S. market, signaling heightened interest in the cryptocurrency despite ongoing regulatory uncertainties.

XRP, currently the sixth-largest cryptocurrency b

Solana Achieves Record DEX Volume Exceeding $100 Billion in November

The Solana network reported over $109 billion in decentralized exchange (DEX) trading volume for November 2023, marking the first time it has surpassed the $100 billion threshold.

This figure nearly doubles the Ethereum mainnet's DEX volume of approximately $55 billion for the same month.

Data from DefiLlama reveals that Solana's DEX trading volume significantly increased over 100% compared to October's total of $52.5 billi

Singapore Gulf Bank Targets $50 Million Investment for Stablecoin Acquisition

Singapore Gulf Bank is reportedly aiming to raise at least $50 million to fund its acquisition of a stablecoin payments company by 2025.

According to sources familiar with the situation, the bank plans to sell a 10% equity stake to secure the necessary capital, as reported by Bloomberg on Nov. 25.

The bank, which operates under the Whampoa Group, a family office based in Singapore, has recently received operational

Bitcoin ETFs Attract $2.4B in Inflows as China ETFs Face Historic $2B Outflows Amid Economic Turmoil

Bitcoin exchange-traded funds (ETFs) saw significant inflows during the week of Nov. 18-22, as investors moved $2.42 billion into spot Bitcoin ETFs. This marks the fourth-largest weekly inflow since Bitcoin ETFs launched in January. The surge in Bitcoin investments coincided with a substantial rise in Bitcoin’s price, which soared to $99,800 on Nov. 22, reflecting the growing appeal of Bitcoin