Tether’s $8.23B Reserve Buffer Hits Record Amid Senate Scrutiny Tether reported a record $8.23 billion excess reserve buffer and $1.04 billion net profit for Q1 2026, released May 1 via BDO attestation, as USDT circulation topped $183 billion.[1][3][4] The disclosure underscores operational scale,…
MegaETH Debut Hit by Undisclosed DEX Fees Backlash MegaETH’s MEGA token launched April 30 across major exchanges like Binance and Coinbase, drawing praise for zero listing fees but facing immediate criticism over its DEX retaining 50% of liquidity provider trading fees without prior…
Senate Bitcoin ETF Momentum Meets Regulatory Stalls Senator David McCormick disclosed fresh Bitcoin ETF purchases totaling at least $65,000, pushing his 2025 holdings toward $1 million as Senate panels advance crypto market structure bills. Yet delays in key legislation like the CLARITY Act…
XRP Sentiment Hits 2-Year High Amid Rakuten Integration XRP’s social sentiment reached its second-highest level in two years on April 29, driven by integration with Rakuten Wallet, yet the token’s price stalled near $1.40 resistance.[1][2] Santiment data showed a positive-to-negative comment ratio of…
Bitcoin Nears $78K Amid Quantum Security Push Bitcoin traded near $78,000 on May 2, 2026, marking its fourth straight weekly gain as spot ETFs drew fresh inflows and macro sentiment stabilized.[2][5][6] The price recovery, from April lows near $60,000, highlights resilient demand despite…
BTC Holds $68K Amid Middle East Tensions, On-Chain Data Challenges Safe Haven View Bitcoin traded above $68,000 on Monday despite escalating Middle East conflict, as U.S.-Iran tensions over the Strait of Hormuz drove risk assets lower. On-chain metrics show declining activity, diverging from…
Strike CEO Mallers Backs Tether Merger, Launches Proof-of-Reserves Lending Strike CEO Jack Mallers announced Wednesday a new lending proof-of-reserves system and “volatility-proof” bitcoin-backed loans developed with Tether, while voicing support for a Tether-led merger involving Strike.[1] The moves, revealed at the Bitcoin Conference,…
Stablecoins Surge on Solana, Europe Amid USDC Centralization Debate Ethereum and Solana stablecoin transactions in Europe hit 113.3 million through November 2025, up 150% from 44.1 million in 2024, despite MiCA regulations and ECB stability warnings.[1][2] Solana’s total stablecoin supply doubled to $11.7…
Banks Slow GENIUS Act Implementation as Stablecoin Debate Intensifies U.S. banking trade associations have formally requested extended comment periods on three major stablecoin regulations under the GENIUS Act, pushing back implementation timelines and signaling sustained industry resistance to federal digital dollar frameworks[1][3]. The…
