TRON has taken the lead as the dominant network for USDT, overtaking Ethereum in both stablecoin liquidity and user transactions, according to a new report from CryptoQuant. Ethereum lost the stablecoin crown. TRON now leads in USDT supply, fees and daily transfers. Join our Space with @trondao on July 30, 10 AM PT to unpack…
Changpeng Zhao’s (CZ) net worth has surged to an estimated $75 billion following BNB’s breakthrough to a new all-time high of $857.18, positioning the Binance founder among the world’s wealthiest individuals. The cryptocurrency mogul owns approximately 64% of BNB’s circulating supply, equivalent to roughly 98 million tokens worth $83 billion at current prices. Combined with…
In the final week of July, the total open interest in the crypto derivatives market remains historically high, exceeding $200 billion. Any significant price movement now could trigger massive losses for both long and short positions. However, a few altcoins are showing signs of potential large-scale liquidations this week. Let’s take a closer look at…
A group of Senate Democrats is demanding answers from the head of the Federal Housing Finance Agency (FHFA) over a controversial move to consider crypto assets in mortgage assessments. Key Takeaways: Senate Democrats are pressing FHFA for clarity on plans to include crypto in mortgage assessments. Lawmakers warn the move could pose financial risks due…
US-based crypto exchange Coinbase has filed a lawsuit against a German individual, accusing him of cybersquatting on the domain coinbase.de and attempting to profit from the platform’s well-established brand. Key Takeaways: Coinbase is suing a German national for allegedly cybersquatting on the domain coinbase.de. The company claims the domain was misused for affiliate profits and…
Optimism (OP), the native token of the Optimism network, a Layer-2 scaling solution built atop Ethereum (ETH), surged to a two-month high during Asian trading hours today. This uptick was triggered by Upbit, South Korea’s largest cryptocurrency exchange, announcing the altcoin’s listing on its spot trading platform. Upbit Announces Optimism (OP) Listing In its latest…
Bit Digital, a computing infrastructure firm long associated with Bitcoin mining, is shifting gears and transitioning to Ethereum. The company has begun offloading Bitcoin reserves and significantly increasing its exposure to Ethereum. However, according to additional equity financing plans filed with the US Securities and Exchange Commission (SEC), it’s clear that Bit Digital’s pivot to…
According to reports, Ripple’s chief technology officer, David Schwartz, has come clean about staging what was billed as a live fan Q&A with Ozzy Osbourne and the members of Black Sabbath. He admitted on X that during his stint at a firm called WebMaster, technical glitches and a lack of interest in the full band…
XRP investors are raising red flags after a wallet linked to Ripple co-founder Chris Larsen sent 50 million XRP to exchanges, a move that some fear could signal the start of broader sell pressure. Key Takeaways: Ripple co-founder Chris Larsen moved 50M XRP to exchanges, sparking fears of a broader sell-off. Larsen still holds 2.58B…
Gemini co-founder Tyler Winklevoss has claimed that JPMorgan Chase paused the crypto exchange’s onboarding process after he publicly criticized the bank’s new policy on financial data access. Key Takeaways: Tyler Winklevoss claims JPMorgan paused Gemini’s onboarding after he criticized the bank. He accused the bank of anti-competitive behavior and trying to block consumer access to…