Infini Suffers $49M Exploit in Stablecoin Heist
Stablecoin Bank Infini has suffered a security breach that resulted in the theft of over $49 million in USDC. On-chain tracking platforms identified that the attack happened due to an…
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Tether Co-Founder to Launch Yeild Bearing Stablecoin USP
Tether co-founder Reeve Collins is launching a decentralized stablecoin that will compete with USDT in an increasingly crowded space that is still dominated by two players. The project will debut…
Standard Chartered, Animoca, and HKT to Develop HKD-Pegged Stablecoin
Standard Chartered Bank Hong Kong (SCBHK), Animoca Brands, and Hong Kong Telecommunications (HKT) have partnered to establish a joint venture (JV) focused on issuing a Hong Kong dollar-backed stablecoin. The…
Altseason or Just a Mirage? Analysts Debate the Future of Altcoins
The altcoin market is evolving, but not in the way many expected. While some believe the altseason has begun, others argue it’s merely delayed. With shifting market structures, ETF-driven Bitcoin…
Cardano Transaction Fees Jump 254% QoQ as ADA Price and Activity Soar
Cardano (ADA) saw its price surge by 126% in Q4 2024, while its market capitalization grew to $30.3 billion. This price jump triggered ADA’s circulating market cap rank from 11th…
Tether Acquires a Minority Stake in Italian Football Giant Juventus
Tether – the company behind the biggest stablecoin in terms of market capitalization, USDT – announced the acquisition of a minority ownership stake in Juventus. The latter is the most…
Tron’s Journey: From USDT Powerhouse to DeFi Hub in 2024 (CryptoQuant)
Analysts at the crypto analytics platform CryptoQuant have released a Tron network review, outlining how the ecosystem grew from a Tether (USDT) “powerhouse” to a decentralized finance (DeFi) hub in…
Congress Moves to Regulate Stablecoins, Temporarily Bans Some Digital Assets
The US House Financial Services Committee Chairman French Hill and Digital Assets Subcommittee Chairman Bryan Steil have introduced a discussion draft for the Stablecoin Transparency and Accountability for a Better…
Major Ripple (XRP) Milestone Achieved: Key Details
Ripple’s stablecoin, RLUSD, has recorded over 105,011 transactions on the XRP Ledger (XRPL). The latest milestone comes approximately two months after its launch. On the other hand, only 4,109 transactions…
Bitcoin’s Next Rally Around the Corner as Stablecoin Liquidity Expands: CryptoQuant
Historical data has shown that growing stablecoin liquidity is associated with sustained gains in the crypto market. This means that bitcoin’s next rally could be around the corner because stablecoin…
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