Tether CEO Paolo Ardoino responded positively to an analyst’s $515 billion valuation of the stablecoin issuer, calling it “a beautiful number,” but ruled out the company going public. Ardoino: Valuation ‘A Bit Bearish’ Tether CEO Paolo Ardoino has described an analyst’s $515 billion valuation of the stablecoin issuer as “a beautiful number.” He also suggested … Read more
Japanese investment company Metaplanet’s shares spiked on market opening after announcing its plan to raise $5.4 billion to buy Bitcoin last week. Metaplanet’s stock (3350T) shot up over 12% in the June 9 trading session, trading at 1,505 yen ($10.42), according to Google Finance. However, at its peak of the trading session so far, Metaplanet’s … Read more
China’s $139B liquidity injection fuels Bitcoin’s appeal as a digital safe haven. Institutional CME Bitcoin futures holders hit a record high, rising 36% since January. Bitcoin nears $106K as volume spikes and indicators suggest a bullish breakout. In an economic climate characterized by increasing monetary expansion and escalating geopolitical uncertainty, Bitcoin continues to gain momentum … Read more
It may not be long before Americans see the first active memecoin-focused exchange-traded funds, according to a Bloomberg ETF analyst. There is a “really good chance” that an ETF that actively trades memecoins will exist at some point, said Bloomberg ETF analyst Eric Balchunas in an X post on June 7. “First, we’ll get a … Read more
Bitcoin A shift is underway in Bitcoin’s current bull phase, with experienced holders driving recent sell pressure. Data reveals that long-term holders (LTHs)—those holding BTC for over six months—are cashing out at a higher rate than short-term investors. According to the report at the recent local high, LTHs realized nearly $1 billion in profits daily, … Read more
Bitcoin bull Michael Saylor has downplayed concerns over quantum computing’s impact on Bitcoin, calling it a marketing ploy to pump quantum-branded tokens. “It’s mainly marketing from people that want to sell you the next quantum yo-yo token,” Strategy’s executive chairman said in a June 6 interview on CNBC’s “Squawk Box.” Quantum computing’s potential impact on … Read more
Japanese Prime Minister Shigeru Ishiba said on Monday that Japan must be aware that rising interest rates would push up the government’s debt-financing costs and affect its spending plans, per Reuters. Key quotes Japan has experienced low interest rates for a very long period.So, some quarters of the public don’t know what it is like … Read more
What sets RLUSD apart is not just its technical design or regulatory adherence, but its expanding use cases within government-level systems. A striking example of this came with the recent announcement that RLUSD is being integrated into Dubai’s land registry system. As stablecoins continue to mature, a new chapter is being written in the world … Read more
SHIB and DOGE have been iconic in the world of meme cryptocurrencies. With the summer approaching, interest is heating up around their potential resurgence. This article delves into whether these renowned meme coins are positioned for a comeback. Curious minds will uncover which tokens might surge and steer the market in the coming months. The … Read more
Coinbase is making meaningful changes to improve both user experience and product offerings. The crypto exchange announced the launch of wrapped XRP and Dogecoin on its Layer-2 Base network, giving holders access to decentralized finance (DeFi) opportunities. At the same time, CEO Brian Armstrong reported an 82% reduction in unnecessary account freezes, addressing a long-standing … Read more