The CEO of Tether, Paolo Ardoino, argues that USDT is crucial for maintaining the dominance of the US dollar in global finance. According to Ardoino, Tether has built an extensive physical and digital network over the past decade, reaching various regions and communities, which has contributed to the increasing adoption and trust in USDT and…
Venture capitalist Chris Burniske explains that the current decline in digital assets is a common occurrence within any bull market cycle. In a recent post on the social media platform X, Burniske, the former head of crypto at Cathie Wood’s ARK Invest and current partner at Placeholder, highlights previous corrections in the 2021 bull market…
Montana legislators rejected a proposal allowing the state to invest in Bitcoin as a reserve asset. The bill, which was supported by 40 Republicans and one Democrat but opposed by 41 Democrats and 18 Republicans, aimed to establish a state account for investing in precious metals and digital assets. These digital assets were defined broadly…
Bybit’s CEO has announced that the company has successfully closed the Ethereum gap following the theft of almost $1.5 billion in ETH and stETH from the exchange last week. Ben Zhou stated that Bybit has restored a 1:1 backing on all client assets post the unprecedented hack. Zhou’s statements are supported by a proof-of-reserves audit…
A veteran trader and analyst is cautioning that altcoins may face a challenging future as the US stock market shows concerning signals. The trader, known as The Flow Horse, shared with his 9,120 Telegram followers that, aside from Bitcoin (BTC), other crypto assets could be entering a “start of a bleak bear market.” The trader…
The blockchain research firm Elliptic has reported that the Lazarus Group is laundering stolen cryptocurrency from the recent Bybit hack through the exchange eXch. Hackers made off with approximately $1.5 billion in Ethereum (ETH) and Lido Staked Ether (stETH) from Bybit, marking the largest crypto hack in history and potentially the biggest theft ever. Elliptic,…
ARK Invest’s Cathie Wood has mentioned that Bitcoin’s market structure remains robust, suggesting that the leading cryptocurrency may be on the brink of a significant breakout. In a recent Barron’s report, Wood discussed at the Cboe Global Markets 2025 Bitcoin Outlook webinar that the sideways movement of Bitcoin around the $90,000 range this month is…
An analyst renowned for accurately predicting the 2021 crypto crash is cautioning that Bitcoin (BTC) is on the brink of experiencing a significant event. Pseudonymous analyst Dave the Wave is informing his 148,300 followers on the social media platform X that Bitcoin is currently testing the $90,000 support level. According to the crypto strategist, he…
The cryptocurrency market today can be likened to a stage performance where insiders craft the script while retail investors unknowingly play supporting roles. Altcoins are on the decline, meme coins are proving risky, and liquidity is tied up in ETFs, with institutions favoring Bitcoin over other assets like Tether and fiat. Manipulative practices involving Solana…
Rephrased text: Renowned crypto strategist Michaël van de Poppe suggests that a potential Ethereum (ETH) competitor is poised to trigger a strong bullish phase. Van de Poppe informed his 776,000 followers on the X social media platform that the layer-1 protocol Near (NEAR) seems to be establishing a cycle bottom. According to the analyst, NEAR…
