Tether mints $1.3B USDT since market bottom — Can it push Bitcoin above $65K?
The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder’s realized price.
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The newly minted stablecoins could help push Bitcoin’s price above the $65,000 resistance, which is the short-term whale holder’s realized price.
It’s a stamp of approval for the layer-2 from United States regulators.
This week’s Crypto Biz explores Tether’s profit record, bank-linked crypto trading in the United Arab Emirates, Polymarket’s growth amid US elections, and Coinbase custodian arm.
The European Central Bank recently joined forces with Crystal Intelligence, as its blockchain analytics partner for the upcoming MiCA implementation.
The integration will also offer Bybit users daily airdrop rewards for holding Ethena’s USDe.
The market capitalization of stablecoins increased by 2.1% to $164 billion in July, the highest level since April 2022.
Tether said its US Treasury reserve surpasses the size of all but 17 of the world’s governments.
The asset manager is considering expanding tokenized securities to Ethereum mainnet and other EVMs, its digital assets head told Cointelegraph.
The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis.
The global asset manager may be on its way to the forefront of settlement technology.
