A series of major DeFi hacks, including a $285 million attack on the Drift Protocol, triggered a swift shift of capital towards safer stablecoins, notably benefiting Tether (USDT). USDT's market cap rose by 2.1% to nearly $188 billion, outpacing USDC's slower 1.4% growth. This trend reflects investors' preference for liquidity and security amid rising risks, reinforcing Tether's dominant market position. The shift highlights a deeper change in the stablecoin hierarchy, raising questions about market concentration and trust in issuers during unstable times.
Bitcoin options with a notional value of about $6.4 billion are set to expire on August 28, 2026. This large expiry could influence market positioning and volatility, though the actual impact on Bitcoin's price depends on factors like strike distribu...
Ethereum's stablecoin market cap increased by $116.1 million in 24 hours, reaching about $162 billion and controlling roughly 54.5% of the global stablecoin market. This dominance far exceeds competitors like Tron and Solana, with Ethereum hosting ne...
In 2026, while the overall stablecoin market shrank, Tron’s stablecoin supply rose to a record $89.2 billion, driven mainly by USDT which makes up 98.5% of its stablecoins. Tron now holds 28.7% of the total stablecoin market and hosts $87.9 billion i...
Ngrave released firmware version 1.8 for its ZERO hardware wallet, introducing a new open-source Universal QR Protocol that replaces its legacy QR system, enhancing transparency and security. The update also expands token support on the Polygon netwo...
Tether CEO Paolo Ardoino highlighted that USDT, the largest stablecoin, is increasingly vital for developing countries, facilitating both domestic and cross-border trade. Emerging economies like Venezuela and Bolivia rely on USDT to hedge against fai...
