Ethereum's market capitalization has fallen to about $186.263 billion, while Tether's stablecoin market cap rose to approximately $187.05 billion, marking a rare flip where Tether overtakes Ethereum. This shift is driven by increased demand for stablecoins like USDT during risk-off market phases and liquidity shifts, alongside accelerated Ethereum derivatives liquidations. Despite this temporary change, Ethereum remains a leading smart contract platform, but the event highlights how stablecoin supply dynamics can impact market rankings during volatile periods.
The Commodity Futures Trading Commission (CFTC) has approved KalshiEX's Bitcoin perpetual futures contract, making it one of the first U.S.-regulated platforms to offer crypto futures tied directly to Bitcoin's spot price. Kalshi also offers perpetua...
Ethereum is trading around its critical 200-day moving average near $1,668, a level historically marking the divide between bull and bear markets. Despite record-strong fundamentals like high staking levels, large institutional inflows, and corporate...
RLUSD stablecoin supply on the XRP Ledger has grown to $1.57 billion, overtaking Ethereum's share with over $804 million, or 52% of total supply. This shift is supported by Japan's regulatory approval of RLUSD, boosting its use in a large market and ...
Bloomberg Intelligence strategist Mike McGlone forecasts that Tether (USDT), a dollar-pegged stablecoin, is likely to overtake Bitcoin as the largest cryptocurrency by market value. He highlights the growing dominance of stablecoins reshaping the cry...
Four Ethereum wallets inactive for nearly eight years reactivated and sold 33,623 ETH at an average price of $1,560, generating about $52.5 million in proceeds and a realized profit of $27.4 million. These wallets originally acquired 37,602 ETH in 20...
