Tether plans to launch a stablecoin product in the United States as soon as this year, the stablecoin issuer’s CEO, Paul Ardoino, said in an April 30 CNBC interview. Tether’s flagship stablecoin, USDT (USDT), is already the US dollar’s top “exporter,” Ardoino told CNBC. It has a market capitalization of nearly $150 billion, according to […]
On April 12—just over two weeks prior—expectations surrounding a potential cut to the federal funds rate were in flux, with markets assigning a 39.8% probability that the U.S. Federal Reserve would lower the rate by 25 basis points. Fast forward to seven days ahead of the next Federal Open Market Committee (FOMC) gathering, and that […]
Two days prior, onchain analyst ZachXBT noted that the value of XMR climbed following the theft of 3,520 BTC from a single victim. By Wednesday, he suggested the wallet’s owner might be “an elderly individual in the U.S.” 3,520 BTC Stolen From Elderly U.S. Citizen and Funneled Into XMR On Sunday, ZachXBT detailed that a […]
Key points: Bitcoin’s 7-day volatility is the lowest in 563 days, signaling an impending range expansion. Bitcoin’s breakout above $95,000 could swiftly take it to $100,000 and above. Although the probability is low, traders should remain cautious about a pullback in the near term. Bitcoin (BTC) has been trading in a tight consolidation near the […]
Governments outside the US, including Singapore, are increasingly interested in stablecoins not tied to the US dollar, despite their currently limited liquidity, Fireblocks director of policy Dea Markova told Cointelegraph at Token2049. In an exclusive interview, Markova described the competition with dollar-pegged stablecoins as “all about sovereignty.” She compared the situation to earlier tensions between […]
Eric Trump said traditional banks could “be extinct in ten years” unless they embrace cryptocurrency and blockchain, telling CNBC that today’s financial plumbing is too slow, costly, and exclusionary. Eric Trump: SWIFT Is ‘a Disaster,’ Blockchain Does It Better Eric Trump, executive vice president of the Trump Organization, argued that legacy rails such as the […]
Key Takeaways: US GDP shrank -0.3% in Q1, far below +0.3% forecasts, sparking recession fears. Bitcoin faces selling pressure with its spot volume delta dropping $300 million in 3 days. Whales are accumulating BTC, but smaller holders are selling, hinting at profit-taking. Bitcoin’s (BTC) price dropped under $93,000 on April 30, after the US Gross […]
Semler Scientific has increased its bitcoin holdings to 3,467 BTC following a $15.7 million purchase of 165 BTC, achieving a 23.8% year-to-date yield on its bitcoin treasury strategy. Bitcoin Bet Pays Off As Semler Scientific Reports 23.8% BTC Yield Semler Scientific (Nasdaq: SMLR) continues to double down on its bitcoin strategy, announcing the purchase of […]
Changpeng “CZ” Zhao, the former CEO of crypto exchange Binance, said most European countries were moving “nowhere” in terms of the adoption of digital currencies. Speaking at the Token2049 conference in Dubai on April 30, Zhao said that areas of the United Arab Emirates were “extremely pro-business,” leading to crypto adoption in Dubai, while others […]
Asset manager Grayscale launched the Grayscale Bitcoin Adopters exchange-traded fund (ETF), an investment vehicle that tracks companies employing a Bitcoin (BTC) treasury, or holding strategy. According to the April 30 announcement, the ETF will provide exposure to companies across seven business sectors, including Bitcoin mining firms, automotive companies, and energy. Some of the most notable […]
Key points: US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts. Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support. Today’s crypto derisking is likely transitory; market fundamentals remain strong. Bitcoin (BTC) price took an abrupt tumble as data showed the […]
The U.S. economy shrank by 0.3% in the first quarter of 2025 after companies rushed to import goods in the wake of President Donald Trump’s global trade war. Bitcoin Edges Lower After U.S. Economy Shows Weakness The world’s largest economy contracted by 0.3% during the first quarter of the year according to a report published […]