Stablecoin giant Tether’s US-focused digital dollar token USAT (USAT) expanded more than six-fold month-over-month in April, still lagging far behind its rivals. According to the latest reserve report signed by Deloitte and published on Thursday, the token’s circulating supply hit $140.8 million per April 30, up from $22 million in March and with 540% growth […]
Crypto trading firm FalconX has confidentially filed a draft S-1 registration statement with the Securities and Exchange Commission (SEC), the first step toward a potential public listing, according to a person familiar with the matter. FalconX has hired Wall Street heavyweight Cantor and other bankers to advise on its initial public offering (IPO), said the
The Ethereum Foundation, the nonprofit that has long served as the closest thing Ethereum has to a central steward, has faced renewed questions about its future after a wave of high-profile departures and mounting criticism from across the crypto industry. In recent weeks, critics have accused the foundation of being isolated, slow-moving and disconnected from
Why the Ethereum Foundation is suddenly back at the center of crypto’s culture war Read More »
Latest developments: Bitwise is leaning towards Hyperliquid as one of crypto’s breakout platforms this cycle. Bitwise head of research Ryan Rasmussen said the firm is seeing strong investor interest in its HYPE ETF products following the recent launch of BHYP. Rasmussen said Bitwise differentiates itself by betting HYPE internally to maximize returns for ETF investors.
Bitwise bets Hyperliquid can drive future funding as HYPE ETFs gain traction Read More »
Hyperliquid’s SPACEX-USDH perpetual contract suffered a violent crash on Thursday afternoon, falling from an open of $2,277 to a low of $1,254, a nearly 45% collapse, within a single 30-minute window, before partially recovering to around $2,169. The move liquidated 405 users across 1,393 positions and wiped out $1.51 million in notional value, Hyperliquid data
Hyperliquid’s Pre-IPO SpaceX Contracts Suffer 45% Flash Crash, Liquidate $1.5M Read More »
Europe may struggle to contain an economic shock linked to crypto firms and banks because its crisis tools are more limited than those used in the US during the 2023 banking crisis, a senior official at European bank UniCredit said on Thursday. Elena Carletti, UniCredit’s vice-chairman and head of the board’s risk committee, said European
UniCredit warns Europe may struggle to contain crypto banking crisis under MiCA rules Read More »
The Sui network, a layer 1 blockchain developed by Mysten Labs, is experiencing a network outage on Thursday after the project said its mainnet had “crashed,” temporarily halting transaction processing. “The Sui Mainnet is currently experiencing a network outage. The Sui Core team is actively working on a solution,” the project wrote on X. “Please
Sui blockchain suffers another network outage as transactions grind to a halt Read More »
Axios reported that US and Iranian negotiators reached a draft 60-day memorandum of understanding to extend the ceasefire and open talks on Iran’s nuclear program, although President Donald Trump has yet to approve the agreement. The report followed overnight US airstrikes on an Iranian military site near the Strait of Hormuz, the critical energy shipping
BTC falls again as traditional markets gain on report of impending peace deal Read More »
In today’s newsletter, Hassan Ahmed outlines the state of crypto, stablecoins and regulation in Asia, comparing growth by region with clarity. Then, in “Ask an Expert,” Xin Yan, CEO of Sign, answers questions about crypto and stablecoin adoption in Asia. Crypto Adoption in Asia: What Advisors Need to Know The reality of crypto in Asia
Crypto Long & Short: Asia’s Regulated Crypto Future Read More »
France’s regulator warns crypto firms face blacklisting without EU licence
France’s regulator warns crypto firms face blacklisting without EU licence Read More »
