Tether’s share of the stablecoin market has dropped beneath 60% for the primary time in additional than two years, signaling a shift in an business that continues to broaden at unprecedented charges. Data from DeFiLlama reveals the issuer’s market dominance fell to 59.55%, its lowest degree since March 2023, even because the broader stablecoin sector…
The Ethereum Foundation has paused new grant applications to its Ecosystem Assist Program (ESP) because it reconsiders the way it funds builders and tasks. The pause, announced Aug. 29, comes because the Basis restructures its strategy to ecosystem growth and appears to align its grantmaking with longer-term priorities. An in depth roadmap outlining new funding…
Galaxy Analysis has mapped out a concrete “categorical lane” for US crypto ETFs past Bitcoin and Ethereum—and, on its scorecard, XRP holds the cleanest path alongside Solana if the Securities and Change Fee adopts the newly proposed fast-track framework. XRP, SOL Or DOGE: Who Leads The ETF Quick-Observe? The analysis hinges on a trio of…
The ten highest-grossing crypto protocols generated $1.2 billion in income throughout the 30 days ending Aug. 28, representing a 9.3% improve from the earlier month’s whole of $1.1 billion per DefiLlama data. Ethena led the proportion good points with a 243% income surge, leaping from $9.46 million to $32.48 million, as its artificial greenback USDe…
Argentina’s opposition events have revived a stalled investigation into President Javier Milei’s position in the LIBRA scandal, seizing on new corruption allegations which have rattled the federal government simply weeks earlier than October’s elections. The fee, first created in April however largely paralyzed by bureaucratic and congressional hurdles, was reactivated on Aug. 28 after leaked…
A publicly listed actual property agency has develop into the primary company treasury car to carry Chainlink (LINK) as a reserve asset, signaling the rising push by firms to undertake different digital belongings past Bitcoin (BTC) and Ethereum (ETH). CaliberCos, a Phoenix-based asset supervisor whose inventory has fallen greater than 98% since its 2023 Nasdaq…
US tokenized treasury merchandise reached a brand new all-time high of $7.45 billion on Aug. 27, surpassing the earlier peak of $7.42 billion registered on July 15. According to rwa.xyz data, the milestone caps a 14% restoration over two weeks following a market correction that bottomed out at $6.51 billion on Aug. 13. The tokenized…
Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for as much as $34 trillion to stream into decentralized finance protocols equivalent to Ethena, Ether.fi, and Hyperliquid. Arthur Hayes reported in his Aug. 27 blog post that Bessent goals to redirect capital from the $13 trillion Eurodollar system and $21 trillion in Global…
The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight issued an advisory on Aug. 28 clarifying foreign board of commerce (FBOT) registration guidelines for non-US exchanges looking for to present Americans with direct market access. Acting Chair Caroline Pham positioned the steerage as a treatment for buying and selling exercise that departed throughout earlier…
American Bitcoin, the mining firm partly owned by Donald Trump Jr. and Eric Trump, is preparing to go public on the Nasdaq in September, Reuters reported on Aug. 28. The firm, launched in March, is 80% owned by Toronto-based Hut 8, one in every of North America’s largest crypto miners. The Trump brothers collectively own…