Coinbase CEO Brian Armstrong stated that Bitcoin did not fulfill Satoshi Nakamoto's original vision of being everyday digital money but instead became digital gold. He explained that Bitcoin's capped supply and volatility led holders to hoard it rather than spend it, limiting its use as a medium of exchange. Meanwhile, stablecoins, which are fiat-backed and legally recognized in the US, have grown significantly and now serve as the primary means for crypto payments. Armstrong views this shift as Bitcoin finding a new role rather than a failure.
TRON has exceeded $30 trillion in total transaction volume, marking its evolution into a high-throughput settlement network. Daily transactions exceed $30 billion, supported by over 405 million users and 15.6 billion processed transactions, mainly dr...
Tether has proposed contributing up to $127.5 million to support Drift Protocol’s recovery after a $286 million exploit on April 1 drained funds from the Solana-based platform. Combined with $20 million from other partners, nearly $150 million will b...
Ethereum's price plunged nearly 50% in a day, triggering massive liquidations in MakerDAO's system, which backs the DAI stablecoin with ether collateral. Due to network delays and price oracle updates, liquidators exploited the system, causing $4 mil...
Morgan Stanley is in talks about adopting USDT, the largest stablecoin by Tether, on the Bitcoin network. This move could integrate stablecoins more closely with Bitcoin's infrastructure, potentially influencing crypto settlements and market dynamics...
Tron's weekly transaction count recently approached 100 million, driven by expanding stablecoin transfers, especially Tether's USDT. The network processed 1.1 billion transactions from April to June, a 12% increase from the previous quarter, with sta...
