Crypto card spending tops $1 billion as stablecoins move into everyday purchases
Tracked card volume more than tripled in a year, with USDC and USDT funding over 70% of spending as users increasingly paid for groceries, rides and subscriptions.
Crypto Market Went From ‘Frozen’ to Chaos in Days: What Is Really Happening?
The cryptocurrency market was essentially muted for many, many weeks. Ever since the May surge from BTC to over $82,000 and the subsequent crash to under $58,000 on July 1, the market has remained dull with little to no movement from the larger caps. Then it all changed within hours on Wednesday afternoon as something…
The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds
On May 29, the CFTC approved a Bitcoin perpetual contract for a regulated US exchange. Almost three months later, on Aug. 18, the SEC proposed a legal route through which crypto projects could someday raise money from the public under rules written for token networks. That’s a pretty unusual order in which Washington is rebuilding…
Layer 1 network dilutes supply by 75% overnight to fund survival after main developer quits
Secret Network executed a 1.079 billion-SCRT mint on Aug. 21 as backers of Proposal 365 moved to keep the Cosmos-based layer 1 operating ahead of SCRT Labs’ Sept. 1 support cutoff. Proposal 365 passed and scheduled the v1.26.0-community-continuance upgrade for block 26,790,327. Results from that block record the full mint as a finalize-block upgrade event,…
Crypto’s next billion users might be AI agents, and they’re paying with stablecoins
According to Coinbase’s head of AI product, we’re currently in the “Napster/LimeWire era” of agentic payments.
XRP Bulls Face One Final Test After the Surge – And This Level Will Decide Ripple’s Fate
After a highly volatile, eventful, and finally positive few days following the Wednesday Treasury Department announcement, Ripple’s XRP has slowed down by dipping from $1.70 to $1.50. Its fluctuations went through the roof recently, and many analysts have started speculating on what’s coming next. Here are some of the latest analyses and predictions. All Eyes…
Crypto treasury firm seeks 20B share ceiling and reverse splits after launching $300M stock offering
Shareholders of Chaince Digital Holdings, a crypto treasury firm, will decide Monday whether to increase the company’s authorized ordinary shares from 1 billion to 20 billion and give its board broad reverse-split authority. The vote comes days after Chaince established an at-the-market program allowing up to $300 million of stock sales. Approval would give the…
As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt
Foreign investors sent a net $133.5 billion into US financial markets in June. During the same month, they sold $29 billion of Treasury bills. Those numbers describe two different tides in the same month. Most of the incoming money went into US stocks, while demand for government debt was much weaker. Foreign buyers purchased $181.4…
Institutional Demand Is Back: Bitcoin and Ethereum ETF Inflows Reached 10-Month High
In a sudden but very impactful change in investor behavior, the spot exchange-traded funds tracking the largest cryptocurrency attracted almost $2 billion in fresh funds in the past five business days alone. The Ethereum counterparts also set a multi-month peak, gaining nearly $700 million within the same timeframe. Spot BTC ETFs Attract $1.92B The week…
Ripple relies on locked XRP reserves to back a $275 million institutional credit line
Ripple Prime closed an upsized $275 million private placement of senior unsecured notes, giving the non-bank prime broker a new pool of capital for its U.S. expansion. KBRA’s investment-grade assessment makes the parent-support mechanism the central credit issue. KBRA’s BBB assessment depends partly on the agency’s expectation that ultimate parent Ripple would support the brokerage…