Crypto News And Market Updates

Tether Buys 52,670 Bitcoin Using Profits From U.S. Treasuries

May 13, 2023 Paulo

Tether has bought 52,670 Bitcoin using profits from U.S. Treasuries, adding to its reserves as Fed rate hikes boost returns and USDT demand grows.

Futuristic digital illustration showing billions of glowing USDC coins flowing into blockchain networks, symbolizing Circle’s $7.75B issuance and potential altseason fuel.

America’s Stablecoin Struggle: Why USDC Is Losing Ground to Tether

May 13, 2023 Paulo

USDC’s decline and Tether’s dominance highlight America’s failure to lead the Web3 financial frontier. Experts urge policymakers to prioritize stablecoin strategy.

Futuristic illustration of the Texas State Capitol with digital assets and blockchain symbols representing crypto regulation and transparency

Texas Lawmakers Approve Bill to Add Digital Currencies to State’s Bill of Rights

May 12, 2023 Paulo

Texas lawmakers vote to amend the state’s Bill of Rights, officially recognizing citizens’ right to own and use digital currencies such as Bitcoin.

Crypto Market Liquidity Shrinks as Jane Street and Jump Crypto Scale Back Operations

May 12, 2023 Paulo

Jane Street and Jump Crypto reduce crypto activity amid US regulatory pressure, worsening liquidity and increasing volatility across digital markets.

French Crypto Trader Jailed for 18 Months for Buying a Ferrari With Bitcoin

May 12, 2023 Paulo

French crypto trader Thomas Clausi was sentenced to 18 months in Moroccan prison and fined $3.7 million after buying a Ferrari with Bitcoin, which later dropped in value.

Futuristic digital illustration showing Binance exchange charts and glowing altcoins rising, symbolizing strong market performance of 2025 listings.

Binance US Seeks to Cut CZ’s Stake Amid Mounting Regulatory Pressure

May 12, 2023 Paulo

Binance US executives are exploring ways to cut founder CZ’s ownership stake as SEC and CFTC scrutiny intensifies, threatening licenses and expansion.

Blockchain code and warning symbol representing Cetus hack and bounty offer

BlockGPT Launches ‘Chat-to-Earn’ AI Platform and Dual-Token Blockchain Ecosystem

May 11, 2023 Paulo

BlockGPT launches a decentralized AI chatbot on the blockchain with BGPT and AIBGPT tokens, enabling users to earn rewards by chatting and engaging.

Futuristic digital illustration of a rocket-shaped Bitcoin network sending coins into dark blockchain space, symbolizing SpaceX Bitcoin transfers.

CryptoQuant: Bitcoin Emerging From Bear Market as Institutions Eye Q3–Q4 Entry

May 11, 2023 Paulo

CryptoQuant says Bitcoin appears out of the bear market, with institutional investors readying Q3–Q4 entries and BTC showing growing correlation with gold.

Futuristic digital illustration of Elon Musk speaking with glowing Bitcoin-style encryption symbols and a secure messaging network interface in the background

Elon Musk’s Tweet Sends Milady NFT Prices Soaring Before Quick Correction

May 10, 2023 Paulo

Elon Musk’s tweet featuring a Milady NFT sent prices soaring from 3.8 to 7.3 ETH before cooling, reigniting debate over the anime-inspired collection’s history.

Tether Reveals $1.5 Billion in Bitcoin Holdings as Reserves Hit Record $81.8 Billion

May 10, 2023 Paulo

Tether discloses $1.5 billion in Bitcoin reserves, $3.4 billion in gold, and record profits of $1.48 billion, strengthening its dominance in the stablecoin market.