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Stable, a Bitfinex-backed Layer 1 blockchain using Tether’s USDT as a gas token, unveils ‘Phase 1’ of its roadmap
The new Layer 1 called Stable, which launched out of stealth in June, previously disclosed it is backed by USDT0 and …
The Daily: Trump-backed American Bitcoin raises $220M for bitcoin and mining gear, Bitwise sticks to $200K BTC 2025 price prediction, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Global Dollar Network expands with EU launch of USDG stablecoin by Paxos with backing from Robinhood, Kraken and others
Paxos USDG will have a significant impact in the EU's regulated stablecoin markets, offering an alternative to USDC a…
Bernstein sets $230 price target on Circle stock, calls it the ‘internet dollar network for the next decade’
The Bernstein analysts expect the stablecoin market to reach $4 trillion over the next decade from around $244 billio…
Asia Morning Briefing: Asia's Banks Look to Stablecoins to Prevent Deposit Flight
PLUS: Bakkt is entering the BTC Treasury market with a $1 billion BTC purchase.
Tether Seeks More Active Role at Juventus After Buying Over 10% of Soccer Club
Tether said it asked to participate in the club's recent capital increase and be granted a board seat in May.
The Daily: Metaplanet surpasses Tesla in BTC holdings, Bit Digital gives up on Bitcoin mining for Ethereum treasury play, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ex-Blackstone, Tether Execs Seek $1B to Build Multitoken Crypto Treasury: Bloomberg
The company intends to buy a basket of tokens, including bitcoin, ether and sol.
Jumper Exchange integrates Etherlink for cross-chain access to Tezos L2
The integration enhances cross-chain liquidity and accessibility, potentially accelerating adoption and innovation wi…
Tether CEO predicts one trillion AI agents will use Bitcoin and USDT for transactions within 15 years
Speaking on The Block's Big Brain podcast, Tether CEO Paolo Ardoino said USDT and Bitcoin will power transactions amo…
Ethereum-based stablecoin adoption hits fresh all-time high with over 750,000 unique weekly users — a new all-time high
Together, USDT and USDC account for the majority of the approximately $134 billion total stablecoin market on the net…
The Daily: BTC treasury companies having a weaker impact on price than ETFs, Tether sets sights on becoming the largest bitcoin miner, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paolo Ardoino says Tether-backed brain-computer interface ‘much more advanced’ than Elon Musk’s Neuralink
Tether's multi-billion dollar war chest has been deployed into several projects in recent years, including a Neuralin…
Tether CEO Paolo Ardoino says firm ‘will become the biggest bitcoin miner’ by end of 2025
With over 100,000 BTC in total holdings, Ardoino said its bitcoin mining operations are an important part of securing…
Aptos Labs and Jump Crypto launch Shelby, a decentralized hot-storage protocol built for speed
Shelby could revolutionize web3 by enabling real-time applications, enhancing data control, and bridging speed-centra…
The Daily: Polymarket reportedly nears $1 billion unicorn valuation, Ledger unveils ‘spare key’ recovery device for crypto wallets, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ripple’s co-founder Arthur Britto breaks 14-year silence as SEC case enters final stage
Arthur Britto's reemergence highlights the potential for significant shifts in the crypto regulatory landscape as the…
CoinMarketCap’s front-end compromised, investigation underway
This incident highlights the urgent need for enhanced cybersecurity measures in the crypto industry to protect user a…
The Daily: Tether CEO blasts cloud security after massive password leak, Kraken launches bitcoin ‘staking,’ and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
‘Time to ditch the cloud’: Tether CEO teases open-source local password manager after massive online data leak
USDT issuer Tether's CEO Paolo Ardoino said its new open-source, fully local password managing service will be launch…
Iran’s largest crypto exchange appears to have been exploited, suspected Israeli hackers threaten to leak source code and user data
The breach highlights vulnerabilities in Iran's financial systems, potentially escalating geopolitical tensions and i…
Tether Enforces Freeze On $12 Million In Tron Funds Over Illicit Activity
Tether acted swiftly Sunday when it froze $12.3 million worth of USDT on the Tron blockchain. Based on reports from T…
Can Tether's Dominance Survive the U.S. Stablecoin Bill?
Some uncertainties remain around the GENIUS Act that could establish U.S. stablecoin rules, and theories abound about…
JPMorgan files trademark application for JPMD, citing multiple blockchain use cases
The bank has been an early mover in both the permissioned blockchain and bespoke stablecoin space with is freshly reb…
Bybit to launch Byreal, its first onchain DEX on Solana, on June 30
Bybit's launch of Byreal on Solana signifies a strategic shift towards hybrid finance, potentially reshaping the DeFi…
The Daily: GameStop upsizes offering to $2.25 billion amid bitcoin treasury push, Walmart and Amazon weigh issuing stablecoins, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Stablecoins To Hit $2 Trillion? US Treasury Hints At Explosive Growth
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillio…
Tether amplifies gold strategy with around $90 million stake in Elemental Altus
Tether has taken a new step in its long-term strategy of diversifying outside its primary stablecoin issuance busines…
Tether Takes Minority Stake in Gold-Focused Investment Company Elemental Altus
Tether referred to increasing its exposure to gold as a "dual pillar strategy", alongside its holdings of over 100,00…
Tether acquires 32% stake in Canadian gold-focused firm Elemental for $89 million
Tether Investments' approximate 31.9% stake in Elemental is worth around $89 million at an acquisition price of $1.14.