Revolut announced it will remove support for USDT, the largest stablecoin, from its platform by the end of August citing regulatory and risk concerns related to EU crypto rules. Users must act before the deadline to sell, convert, or withdraw USDT holdings. This move reflects growing regulatory pressures on stablecoins in fintech apps but does not affect USDT's availability on other platforms or blockchain networks. Revolut users will need to switch to other supported stablecoins or exit their USDT positions on the app before the cutoff.
PayPal's board has reportedly rejected an offer valuing the company at $60.50 per share, considering it inadequate. This comes as PayPal's stock currently trades at around $56 per share. The board's stance suggests they believe the company's value is...
Morgan Stanley's Bitcoin Trust surpassed $400 million in inflows, signaling strong institutional interest amid $51.83 billion cumulative inflows in U.S. Spot Bitcoin ETFs. However, daily ETF outflows of about $240 million and Bitcoin trading below $6...
Shiba Inu lead ambassador Shytoshi Kusama has been silent on social media platform X for 74 days, a pattern seen before during which he focuses on development projects like an independent AI initiative. His silence has left the SHIB community to rely...
Coinbase is proactively upgrading its security systems to protect Bitcoin and other cryptocurrencies from future quantum computing risks. The company is enhancing its proprietary key management system, PQ-CoreKMS, which currently secures 99.9% of its...
U.S. spot Bitcoin ETFs have grown to about $180 billion in assets by 2026, with holdings peaking near 1.38 million BTC and stabilizing around 1.2 million BTC despite Bitcoin trading between $115,000 and $125,000. These ETFs have enabled Wall Street i...
