Raphael Zagury, former CIO of Tether, intends to sell his stake in the company, marking a rare liquidity event for insiders of the stablecoin giant. This comes as Tether explores raising $15-$20 billion in capital, potentially valuing the company at up to $500 billion. Despite the sale, Tether's operational control remains concentrated, and its expansion into Bitcoin mining and equity investments continues. The outcome of US stablecoin regulations and rising competition will heavily influence Tether's future valuation and market position.
Ethereum's price surged 4.5% to $1,980 on July 27, driven by $104 million in ETF inflows and Circle's OCC approval, which boosts institutional confidence. This rally liquidated $113 million in short positions, marking a significant shift in market se...
Cryptocurrency prices are fluctuating with Bitcoin trading near $64,157, down about 1%. Ethereum and Binance Coin also saw slight declines, while some altcoins like TRX and XMR experienced gains. These mixed movements reflect ongoing market volatilit...
Circle has minted an additional 250 million USDC on the Solana blockchain, raising total USDC issuance on Solana to about $72.01 billion. This is the fourth mint in two days, signaling increased liquidity and activity on the Solana network. Despite t...
The Verus-Ethereum Bridge suffered a second security breach in just over two months, with attackers stealing between $7.3 million and $7.5 million in various digital assets. This follows a similar exploit in May that resulted in losses of about $11.6...
Beefy Finance has introduced its Cowcentrated Liquidity Manager (CLM) on Ethereum mainnet, automating the management of concentrated liquidity positions on Uniswap V3 for top trading pairs like AAVE-WETH and UNI-WETH. The CLM pools user deposits, aut...
