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By Amanda Cooper Bitcoin fell below $90,000 on Monday, as a selloff gathered pace following the steepest monthly decline since mid 2021, as renewed risk aversion drove investors out of stocks and digital assets.The world’s largest cryptocurrency fell by as much as 6.1% at one point. By 1120 GMT,…
Arthur Hayes recently raised alarms over Tether but a former Citi crypto analyst says the concerns don’t match the reality of how the company operates. Joseph, who previously spent “100’s of hours writing research on tether for Citi,” responded directly on X, offering a clearer look at Tether’s bala…
Tokyo-listed DAT firm Metaplanet has borrowed another $130 million against its bitcoin holdings, expanding its use of a $500 million credit facility as it continues to accumulate BTC and grow its bitcoin-based income strategies.The company disclosed the borrowing in a notice on Tuesday, stating that…
Tether, the world’s largest player in the digital asset sector, has taken a deeper step into crypto-backed credit markets with a in Ledn, one of the most established providers of Bitcoin-backed loans.The move comes during a renewed wave of activity across the lending sector, which has already $1 bil…
Stablecoin issuer Tether has invested in Ledn, a platform providing consumer loans collateralized by Bitcoin, the company said Tuesday.The funding is targeted toward developing financial infrastructure that allows businesses and individuals to access liquidity and credit against their Bitcoin (BTC) …
Mizuho Securities grew slightly more bearish on Circle Internet Group’s shares on Friday.The firm's analysts reduced their base case price target to $70 from $84. Circle's shares (ticker CRCL) were trading at roughly $82 on Friday, down nearly 40% over the past month."We do not believe CRCL's valuat…
Every crypto investor dreams of spotting the next winner before everyone else catches on. SpacePay could be sitting in that sweet spot right now. The token trades at just $0.003181, but the project tackles something crypto users have wanted forever – actually spending digital money at regular stores…
Stablecoin issuers continue to command the lion's share of crypto protocol revenue, consistently capturing 60% to 75% of total daily revenue across major crypto categories, including lending platforms, decentralized exchanges, collateralized debt positions, and blockchain infrastructure.This dominan…
Neobank Revolut has introduced a 1:1 conversion between USD and stablecoins, allowing its 65 million users to exchange up to $578,630 every 30 rolling days without incurring fees or spreads.“Today marks the day we remove all anxiety and friction of moving between fiat and crypto,” Revolut’s head of …
Tether has published its third-quarter attestation for its Tether Gold (XAUT) tokens, stating that each remains fully backed by physical bullion stored in Switzerland.According to El Salvador-based TG Commodities S.A. de C.V., Tether's reserves totaled 375,572 fine troy ounces, which the issuer valu…
Nasdaq-listed video streaming platform Rumble (ticker: RUM) will roll out crypto-based tipping for its 51 million active monthly users in mid-December, the company announced during the Plan ₿ Forum in Lugano, Switzerland. Rumble Wallet, a non-custodial wallet built into the platform, will soon suppo…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Tuesday! Gold is on track for its biggest one-day slide in five years as traders appear to begin rotating into bitcoin.In today's newsletter, SpaceX moves $270 million worth of bitcoi…