BitcoinWorld Bybit & Block Scholes Report: GENIUS Act Aims to “Reinvent the Dollar” and Solidify US Leadership in Digital Assets DUBAI , UAE , June 27, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, today released a new crypto insights report with Block Scholes, revealing how landmark U.S. legislative proposals like the GENIUS Act are set to reinforce the U.S. dollar’s global dominance and rewire the international financial order. The report analyzes a new wave of regulatory momentum under the Trump administration, highlighting how new laws could institutionalize digital assets and cement the leadership role of the U.S. in the crypto industry. The report outlines key regulatory developments under the Trump administration that have boosted investors’ confidence in crypto. The industry stands at the intersection of the dollar’s legacy hegemony, favorable policy shifts in the U.S., and the global trend of increasing regulatory clarity. Institutional and official acceptance of crypto—from stablecoins to BTC, is being coded into laws. Key Insights: Reinventing the USD – the GENIUS Act: To rejuvenate the greenback’s dominance in the international financial system, U.S. lawmakers have long been pushing for digital asset legislation that can balance consumer protection and innovation. This underscores the GENIUS Act’s significance as the U.S. asserts its might in a volatile world: the future of money will still be denominated in the U.S. dollar. A million BTC in reserves: U.S. legislators are seeking creative ways to defuse America’s time-ticking debt bomb. Some of them are turning to BTC. The newly proposed BITCOIN Act, if passed, will open up demands for 200,000 BTC annually to form part of the U.S. Treasury’s strategic BTC reserves. This will not only cause BTC prices to shoot up, but also signal deeper implications for public recognition and adoption of digital assets. The global race to regulate crypto: From South Korea and Pakistan , to the U.K. and Europe at large, no regulator wants to be left behind in the crypto revolution. The report uncovers insights from across the globe and what these changes could mean for the digital asset class. For detailed insights, readers may download the full report . #Bybit / #TheCryptoArk / #BybitLearn About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post Bybit & Block Scholes Report: GENIUS Act Aims to “Reinvent the Dollar” and Solidify US Leadership in Digital Assets first appeared on BitcoinWorld and is written by chainwire
The post Crypto Price Today: BTC, ETH, XRP, PI Price Fall Amid $202M Liquidation appeared first on Coinpedia Fintech News The crypto market today witnessed a pullback today, with the total market cap slipping 1.03% over the past 24 hours to $3.28 trillion. Trading volumes dropped sharply to $97.51 billion, down nearly 13%, indicating weaker momentum. Bitcoin continues to dominate the space with a 65% share, while Ethereum today trails behind at 9%. Talking about sentiments, the Fear & Greed Index today stands neutral at 49, reflecting market indecision. A total of 89,122 traders were liquidated in the past 24 hours, with total liquidations amounting to $202.17 million. It is worth noting that the largest was of ETHUSDT at $2.82 million on Binance. Bitcoin Price Today: Bitcoin Price today is trading at $106,981.09, down 0.97% in the past 24 hours, with its market cap sitting at $2.12 trillion. Daily volume plunged by 19.27% to $41.39 billion, as prices swung between a low of $106,519.66 and a high of $108,190.55. Successively, options data suggests the maximum pain price is at $102,000 with a put-to-call ratio of 0.75, indicating sustained bullish sentiment among traders. BTC saw minor losses as investors turned cautious ahead of upcoming U.S. inflation data and unclear Fed rate path. Despite the recent gains fueled by geopolitical easing, particularly as the U.S. influenced the Israel-Iran ceasefire, today’s mild correction reflects profit-taking. Also read our Bitcoin (BTC) Price Prediction 2025, 2026-2030! Ethereum Price Today: Ethereum price has declined by 1.91% in 24 hours to trade at $2,444.10, pushing its market cap down to $295.03 billion. Its intraday trading volume stands at $16.85 billion, a 16.83% drop. ETH’s intraday range was between $2,386.32 and $2,500.11. Despite the dip, Ethereum’s options market reflects optimism, with a maximum pain price of $2,200 and a put-to-call ratio of 0.52. Traders are betting on a rebound, though near-term caution persists. Check out our Ethereum (ETH) Price Prediction 2025, 2026-2030! XRP Price Today: XRP was among the harder hit today, falling 4.73% to $2.08, dragging its market cap to $123.22 billion. However, trading volume surged 23.78% to $3.26 billion, indicating rising speculative interest. Prices fluctuated between $2.08 and $2.20. XRP futures recorded $542M in volume during their first month, with 45% of activity coming from outside North America. Open interest as of June 25 stands at $90M, underscoring growing global demand despite the ongoing legal uncertainty with the SEC. Potential Altcoin Buys: Pi Coin is gaining traction ahead of its much-anticipated Pi2Day event tomorrow, where major project announcements are expected. Solana, a blue-chip favorite, remains on watchlists as it continues to show strong ecosystem growth. Aptos posted a 5% intraday gain, fueled by news of a potential ETF listing, adding bullish momentum. Top Gainers & Losers: Top Gainers Top Losers SEI: $0.2944 +7.4% AB: $0.008724 -13.71% FARTCOIN: $1.01 +5.51% Celestia: $1.43 -7.96% Aptos: $5.03 +4.50% SPX6900: $1.17 -7.25% Latest Crypto News: Bitwise has filed amended S-1 forms for its DOGE and Aptos ETFs, signaling positive engagement with the SEC. In a key development, Judge Torres denied Ripple and the SEC’s request for a private settlement, citing the importance of maintaining the public July 2023 ruling. Both parties must now submit a status update by August, likely deciding between an appeal or closure. White House Crypto Czar announced that crypto market structure legislation is expected to be finalized by the end of September, potentially bringing much-needed clarity to the regulatory landscape. The Pi2Day event tomorrow could usher in a new chapter for the Pi ecosystem, with community buzz hinting at a mainnet or listing announcement. FAQs Why is the crypto market down today? The dip is largely due to risk-off sentiment ahead of key U.S. inflation data and Fed rate uncertainty, alongside declining trading volumes and over $200M in liquidations. How are altcoins performing today? The majority of altcoins today are facing the heat of the broader market’s downturn. However, we do have exceptions like SEI, FARTCOIN, and APT. Is it the right time to buy crypto? While the market is down, it is the right time to buy potential altcoins in a dip. When will the crypto market recover? The crypto market will recover, as the investor sentiment turns optimistic, which could happen as early as by the end of this week.
BitcoinWorld Decoding Altcoin Season: Why Bitcoin’s Reign Grips the Crypto Market Now Are you feeling the chill in the air for your altcoin portfolio? The cryptocurrency market is a dynamic beast, constantly shifting between periods where Bitcoin leads the charge and times when altcoins steal the spotlight. Currently, all signs point to a definitive Bitcoin Season , and understanding why is crucial for every investor. What Does the Altcoin Season Index Reveal About Crypto Market Trends? The Altcoin Season Index, a pivotal metric tracked by CoinMarketCap (CMC), currently stands at a modest 18 as of June 27, 00:30 UTC. This figure, consistent with recent reports, paints a clear picture: the market is firmly entrenched in a Bitcoin Season . But what exactly does this index signify, and why is it such an important indicator for crypto market trends ? The index is designed to provide a snapshot of market dominance. It meticulously compares the performance of the top 100 cryptocurrencies on CMC (excluding stablecoins and wrapped tokens) against Bitcoin over the past 90 days. Here’s a quick breakdown of its mechanics: Altcoin Season: For the market to be declared in Altcoin Season, a staggering 75% or more of these top 100 altcoins must have outperformed Bitcoin over the specified 90-day period. This is typically when smaller cap coins see massive gains, often dwarfing Bitcoin’s returns. Bitcoin Season: Conversely, Bitcoin Season is upon us when 25% or fewer of these altcoins manage to outperform Bitcoin. This indicates that Bitcoin is either holding its value stronger, or appreciating at a faster rate than the majority of the altcoin market. The index scores range from 1 to 100. A score of 18 means that a very small percentage of altcoins have managed to outperform Bitcoin recently, underscoring Bitcoin’s current dominance. This isn’t just a number; it’s a critical signal for how capital is flowing within the crypto ecosystem. Understanding Bitcoin Season vs. Altcoin Season: A Historical Perspective The ebb and flow between Bitcoin Season and Altcoin Season is a fundamental cycle within the cryptocurrency market. These cycles are driven by a complex interplay of factors, including market sentiment, technological advancements, macroeconomic conditions, and investor behavior. Historically, Bitcoin often leads bull runs, acting as the primary entry point for new capital into the crypto space. As Bitcoin’s price stabilizes or reaches new highs, some of that capital tends to ‘rotate’ into altcoins, especially those with strong fundamentals, promising technology, or emerging narratives. This rotation fuels the Altcoin Season, where a wider array of digital assets experience significant price appreciation. Key Characteristics of Each Season: Feature Bitcoin Season Altcoin Season Dominant Asset Bitcoin (BTC) Various Altcoins Capital Flow New money often flows into BTC first; existing capital consolidates in BTC. Capital rotates from BTC into altcoins; speculative money seeks higher returns. Risk Profile Relatively lower volatility compared to altcoins; perceived as a ‘safe haven’ within crypto. Higher volatility; potential for massive gains but also significant losses. Investor Behavior Focus on foundational strength, institutional adoption, macro trends. Focus on narratives, technological breakthroughs, smaller market cap projects. Index Range (CMC) Typically below 25 Typically above 75 Currently, with the Altcoin Index at 18, we are clearly in a phase where Bitcoin is the preferred asset. This could be due to several factors: institutional interest consolidating around Bitcoin ETFs, global economic uncertainties pushing investors towards perceived safer assets, or simply a period of consolidation after previous altcoin rallies. Navigating Your Portfolio: Strategies for Current Cryptocurrency Performance Given the current market climate, where cryptocurrency performance is largely dictated by Bitcoin, how should investors adjust their strategies? This period presents both challenges and unique opportunities. Challenges: Underperforming Altcoins: Many altcoins may struggle to gain traction or even decline against Bitcoin, leading to frustration for those heavily invested in them. Lower Liquidity: Smaller altcoins might experience lower trading volumes, making it harder to enter or exit positions without significant price impact. FOMO on Bitcoin: As Bitcoin rises, there’s a risk of chasing its gains late in the cycle, potentially leading to losses if a correction occurs. Actionable Insights for Investors: Prioritize Bitcoin Exposure: If you believe the Bitcoin Season will persist, increasing your allocation to BTC might be a prudent move. This could involve converting some altcoins into Bitcoin, or directing new capital towards it. Research Strong Fundamentals: Even in a Bitcoin Season, certain altcoins with genuinely strong technology, active development, and clear use cases may still perform well or offer excellent long-term accumulation opportunities. Look for projects that solve real-world problems or are building critical infrastructure. Dollar-Cost Averaging (DCA): Instead of trying to time the market, consider DCA into your preferred assets. This strategy involves investing a fixed amount of money at regular intervals, regardless of the asset’s price, which helps mitigate risk over time. Set Realistic Expectations: Understand that not all altcoins will moon during a Bitcoin Season. Adjust your profit targets and be prepared for slower growth or even temporary declines in your altcoin holdings. Monitor Bitcoin Dominance: Keep a close eye on the Bitcoin Dominance chart. A significant drop in Bitcoin Dominance often precedes an Altcoin Season, signaling a potential shift in market dynamics. Example: During past Bitcoin-led rallies, assets like Ethereum (ETH) and Solana (SOL) might still see some gains due to their strong ecosystems and widespread adoption, but many smaller, less established altcoins might languish. This is a time for patience and strategic accumulation for future Altcoin Seasons. What Factors Influence Bitcoin and Altcoin Season Shifts? Understanding the drivers behind these market shifts is key to anticipating future movements. While the Altcoin Season Index gives us a current reading, several macro and micro factors influence whether Bitcoin or altcoins will lead the charge. Key Influencing Factors: Bitcoin Halving Cycles: Historically, Bitcoin halvings (which reduce the supply of new BTC) have been precursors to significant bull runs, often starting with Bitcoin leading, followed by altcoin surges. Macroeconomic Environment: Global inflation, interest rates, geopolitical events, and traditional market performance (e.g., stock market) can all influence investor sentiment towards risk assets like cryptocurrencies. During times of uncertainty, investors often flock to Bitcoin as a perceived store of value. Institutional Adoption: The entry of large financial institutions (e.g., through Bitcoin ETFs) brings significant capital and legitimacy to Bitcoin, often strengthening its dominance. Technological Breakthroughs/Narratives: New innovations within the altcoin space (e.g., DeFi, NFTs, Layer 2 solutions, AI integration) can spark new altcoin rallies, creating specific ‘mini-seasons’ for certain sectors. Regulatory Landscape: Clearer or more favorable regulations can boost confidence in the entire crypto market, but sometimes specific regulations might favor established assets like Bitcoin over newer, less regulated altcoins. The current Altcoin Season Index at 18 suggests that the confluence of these factors is currently favoring Bitcoin. It’s a period where investors are either consolidating gains, seeking stability, or waiting for clearer signals before diversifying heavily into the broader altcoin market. The Future of Cryptocurrency Performance: What’s Next? While the present firmly indicates a Bitcoin Season , the cryptocurrency market is characterized by its cyclical nature. No season lasts forever. The current Altcoin Index reading of 18 is a snapshot, not a permanent state. Looking ahead, several catalysts could potentially shift the market back into an Altcoin Season: Bitcoin Price Consolidation: Once Bitcoin reaches a new peak or consolidates after a significant rally, investors might start looking for higher returns in altcoins. Major Altcoin Upgrades: Significant technological advancements or network upgrades (like Ethereum’s future developments) can attract new capital and attention to specific altcoins. Emergence of New Narratives: Fresh trends or compelling use cases for altcoins can ignite speculative interest and drive prices upwards. Increased Retail Participation: A resurgence of retail investor interest often broadens the market’s focus beyond Bitcoin to include more speculative altcoin plays. For now, prudence dictates a focus on robust risk management and strategic positioning. Whether you’re a seasoned trader or a newcomer, understanding the Altcoin Season Index and its implications for cryptocurrency performance is vital for navigating the exciting, yet volatile, world of digital assets. In conclusion, the Altcoin Season Index at 18 serves as a clear beacon, signaling that we are in a dominant Bitcoin Season. This period calls for a strategic approach, emphasizing Bitcoin’s strength while selectively identifying promising altcoins for long-term growth. By understanding the dynamics of these market cycles, investors can better position themselves to thrive, regardless of whether Bitcoin or altcoins are leading the charge. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin and Altcoin price action. This post Decoding Altcoin Season: Why Bitcoin’s Reign Grips the Crypto Market Now first appeared on BitcoinWorld and is written by Editorial Team
Israeli police arrest three suspected Iranian spies connected to a $90M crypto heist. TRM Labs links cryptocurrency transactions to state-sponsored espionage activities. Continue Reading: Unveil the Spy Drama Linking Crypto Theft to Israeli Intelligence The post Unveil the Spy Drama Linking Crypto Theft to Israeli Intelligence appeared first on COINTURK NEWS .
Bitcoin treasury strategies are gaining traction among Canadian firms, and Belgravia Hartford, a publicly traded investment firm based in Toronto, is boosting its reserves with fresh capital. According to a June 26 release , Belgravia Hartford has pulled another $1 million from its credit line with Round13 Digital Asset Fund, a venture firm focused on blockchain investments. This brings the total amount accessed so far to $1.5 million, all of which will go toward buying Bitcoin ( BTC ) as part of the company’s ongoing treasury strategy. The BTC purchases will be made via the Canadian cryptocurrency exchange Coinsquare’s regulated OTC desk. You might also like: Bitcoin demand hits record low as short-term holders dump Belgravia’s latest move follows a series of Bitcoin purchases over the past months, including a June 20 acquisition of approximately 1.5 BTC for roughly $161,000. The firm’s treasury holds roughly 6.4, worth slightly over $685,000 at current prices. Belgravia CEO Mehdi Azodi emphasized the company’s commitment to building a BTC-focused reserve. “As a micro-cap, we have determined regularly adding BTC to the balance sheet is our best use and store of funds and that such activity is currently imperative for accretive growth in shareholder value,” he said. “We intend to continue using Company funds for BTC purchases by way of ongoing cash injections from the exercise of existing and already issued convertible securities.” The investment company also recently announced a fully Bitcoin-focused private placement to accelerate the growth of its treasury, joining a growing number of Canadian firms tapping BTC as a reserve asset. Canada’s Bitcoin Treasury Corporation buys 292 BTC, launches lending On the same day, Bitcoin Treasury Corporation, the Canadian-based company focused on institutional-grade Bitcoin services, disclosed its acquisition of 292.80 BTC for approximately $31.5 million. Funded through a recent $125 million share offering, the purchase marks the official start of Bitcoin Treasury Corporation’s accumulation strategy, bringing its total holdings to 292.80 BTC. The corporation will use its Bitcoin holdings to offer lending services to institutions, helping provide liquidity while managing risk. The company sees Bitcoin not just as a long-term reserve, but also as a key part of how it runs its business and earns revenue. Bitcoin Treasury Corporation has emphasized its belief in Bitcoin’s long-term potential and aims to build shareholder value through strategic accumulation and active use of the asset. Read more: Canada-based AgriFORCE launches Bitcoin mining site powered by stranded gas
The Across Protocol team faces serious allegations of misappropriating approximately $23 million from their Decentralized Autonomous Organization (DAO) treasury through allegedly manipulated governance votes, according to claims made public on June 27. The Ethereum-based cross-chain bridge protocol stands accused of transferring funds to Risk Labs, a private for-profit company founded by the same team behind Across Protocol. Web3 Advisor Drops Bombshell on Across Protocol Fraud The allegations originated from Ogle, founder of Glue Net and advisor to Trump-affiliated World Liberty Financial (WLFI) , who claimed the Across Protocol team orchestrated the transfer of 150 million ACX tokens (valued at $23 million) to Risk Labs under the pretense of “strategic investment” and “retroactive funding.” According to Ogle’s analysis , the protocol’s co-founders and insiders allegedly manipulated governance proposals, circumventing the DAO’s democratic decision-making process to extract tokens from the treasury they were entrusted to safeguard. TLDR: Across Protocol/Bridge ($ACX) team used secret votes to extract ~$23m from the Across DAO’s treasury for their own private company's benefit. Background: I’ve many times posted about DAOs that are DAOs “in name only” – that is, organizations that pretend to be run by “the… — ogle | glue.net (@cryptogle) June 26, 2025 Ogle contacted key figures, including Kevin Chan (Risk Labs treasurer) and Hart Lambur (Across Protocol CEO), both of whom he described as “very responsive.” However, marketing head James Richard Fry was “almost completely unhelpful” and “dismissive” when approached about the allegations. Despite his confidence in the findings, Ogle acknowledged that on-chain data analysis carries inherent risks of error, stating he had conducted extensive due diligence before making the allegations public. Secret Wallets Exposed: How Insiders Allegedly Stole $23M in Broad Daylight The controversy centers on two separate governance proposals. In October 2023, Kevin Chan publicly submitted a proposal requesting that 100 million ACX tokens (approximately $13.5 million at current market rates) be transferred from the DAO to Risk Labs. The proposal was presented as a strategic investment in Across Protocol’s future , with explicit assurances that the tokens would not be sold for two years to address community concerns about potential market impact. Source: Across Protocol The proposal appeared to have broad DAO support, but blockchain analysis allegedly revealed coordinated insider voting. While Chan publicly submitted the proposal via his “KevinChan.Lens” address, he allegedly cast a massive “yes” vote from a separate “maxodds.eth” wallet, traced back to him through his Friend.tech account and family member addresses. The voting effort extended beyond Chan. Team member Reinis FRP allegedly used millions of ACX tokens across multiple secret wallets, while the second-largest voting wallet, representing 14% of votes, was allegedly funded by founder Hart Lambur. A year later, the team requested another $7.5 million in “retroactive funding.” Chan’s secret wallets again accounted for 44% of the “yes” votes. Source: Across Protocol This second proposal raised additional concerns when team members disclosed in discussion forums that they had been selling token option agreements to “strategic investors” using tokens from the first proposal, effectively monetizing rights to the tokens before the two-year holding period expired. Across Protocol Founder Deny Everything: ‘We Do Things the Right Way'” Hart Lambur responded decisively to the allegations, categorically denying any wrongdoing. I am the founder of Across. The allegations in here are categorically untrue and I will vigorously defend our protocol and our team. In no way has the Across team "extracted" value from the DAO. That is so insane it's hard to even respond to. I've been building in this space… — Hart Lambur (, ) (@hal2001) June 27, 2025 “In no way has the Across team ‘extracted’ value from the DAO. That is so insane it’s hard to even respond to,” Lambur stated. “I’ve been building in this space for 6 years. Me and my team are some of the few long-term builders that do things the right way.” The allegations have resonated within the cryptocurrency community. A founder and investor at Bless Network supported Ogle’s claims, thanking him for “exposing the rot in the system” and noting that such “deceptive value extraction via DAO happens all the time.” The creator of the Ethereum game Lineabros Universe urged Ogle to investigate similar practices at Lido DAO , the team behind the popular liquid staking protocol. Market Impact The allegations have had a significant impact on ACX token holders. The token declined 11.63% on the day the allegations surfaced, extending its 30-day losses to 40..95%. Currently trading at $0.1355, ACX has lost nearly all its value from its $1.74 all-time high reached seven months ago. Source: CoinMarketCap This pattern looks similar to recent incidents in the space. Two months ago, OM, the native token of the MANTRA blockchain project, lost more than 90% of its value in a single day amid similar allegations of insider misconduct, erasing over $6 billion in market capitalization. The post Across Protocol Token Crashes 10% Today Amid $23M Team Misappropriation Allegations appeared first on Cryptonews .
The post Is Tether’s Collapse Coming? $2B Mint Raises Serious Concerns appeared first on Coinpedia Fintech News Tether (USDT), the world’s largest stablecoin with over $157 billion in market cap, is back in the spotlight — and not for good reasons. An on-chain analyst has raised fresh concerns on X, exposing potential red flags that could shake crypto markets if ignored. From a mysterious $2 billion mint on Tron to EU regulatory pressure and missing audits, the stablecoin giant is once again facing serious scrutiny. Let’s break it down. $2 Billion in USDT Minted on Tron—But Not Circulating? According to CHAIN MIND , Tether recently minted $2 billion worth of USDT on the Tron network, labeling it as “authorized but not issued.” What does that mean? The tokens were created but are not yet released into circulation—they’re sitting in Tether’s own vault. The analyst suggests this might be a preemptive move to handle potential market volatility, especially if large redemptions hit during a sell-off. If investors rush to cash out their crypto into USDT or redeem USDT for dollars, Tether can release this pre-minted stash quickly to maintain stability. No Full Audit Yet? Tether’s Reserve Mystery Tether claims every USDT is backed 1:1 by real assets like cash, U.S. Treasury bills, and short-term investments. But here’s the catch—no full independent audit has ever been released. In 2021, the New York Attorney General found that Tether had misrepresented its reserves and fined the company $18.5 million. Despite promises, transparency remains a big question mark. Without an independent audit, many in the community fear a hidden reserve gap could lead to a collapse. MiCA Law Forces Tether Out of Europe Europe is tightening the screws. Under the MiCA regulation , stablecoins like Tether must: Be licensed, Hold 60% of reserves in EU banks, Maintain full transparency, Fall under EU supervision. Because Tether didn’t comply, major exchanges including Binance and Kraken have delisted USDT for European users. This regulatory block limits USDT’s access to a huge market, and raises more questions about its global sustainability. What Happens If Tether Collapses? Tether dominates over 62% of the stablecoin market volume. A sudden depeg from $1 could cause: Massive redemptions, Exchange withdrawals freezing, DeFi protocol failures, A chain reaction similar to FTX or Terra’s collapse. 3 possible triggers for a USDT breakdown: A court order freezing assets, Losing banking partners (cutting off dollar flow), Solid proof that reserves don’t exist. Any of these could spark a panic-driven bank run on Tether. [post_titles_links postid=”475588″] What Are the Alternatives? If Tether does go down, what’s next? CHAIN MIND suggests two stablecoins as safer alternatives: USDC – U.S.-regulated, regularly audited, DAI – Decentralized and overcollateralized. However, he admits USDT still holds dominant liquidity, especially in Asia and emerging markets, making it tough to replace—unless disaster strikes. Final Take Tether isn’t collapsing today, but the risk is real. As CHAIN MIND warns: “It will happen suddenly—when it happens.” The crypto community should stay alert and diversified, especially during volatile cycles where trust in stablecoins is everything. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″] FAQs Why is Tether (USDT) facing renewed scrutiny? Tether is under scrutiny due to a recent $2 billion “authorized but not issued” mint on Tron, persistent lack of a full independent audit, and new regulatory pressure from Europe’s MiCA law. What are the potential consequences if Tether (USDT) collapses or depegs? A Tether depeg could trigger massive redemptions, freeze exchange withdrawals, cause DeFi protocol failures, and lead to a cascading market collapse similar to FTX or Terra, due to its market dominance. What are the suggested alternatives to Tether (USDT)? On-chain analysts suggest USDC (U.S.-regulated, regularly audited) and DAI (decentralized, overcollateralized) as safer alternatives. However, USDT still holds dominant liquidity, especially in Asia.
BitcoinWorld Coinbase’s Strategic Bitcoin Buys: Armstrong Confirms Weekly Acquisitions, Boosting Confidence In the fast-paced world of cryptocurrency, a single statement from a key industry leader can send ripples across the market. Recently, the crypto community buzzed with excitement following a significant revelation from none other than Coinbase CEO Brian Armstrong . His confirmation that Coinbase is consistently increasing its Bitcoin holdings each week isn’t just news; it’s a powerful signal, especially coming after Coinbase’s stock soared to an all-time high. This move underscores a deeper strategic play, prompting questions about corporate crypto treasuries and the future of digital asset adoption. Coinbase Bitcoin : The Strategic Accumulation Unveiled The conversation that sparked this revelation began on X (formerly Twitter), where BTC Inc. CEO David Bailey openly lauded Brian Armstrong’s leadership, particularly after Coinbase’s stock reached an impressive $368.94. Bailey then challenged Coinbase to take a more definitive step: establish a dedicated Bitcoin treasury. Armstrong’s response was swift and impactful, stating, “We are buying more Bitcoin every week.” This isn’t merely a casual remark; it signifies a deliberate, ongoing strategy by one of the world’s largest cryptocurrency exchanges to accumulate the flagship digital asset. This consistent accumulation of Coinbase Bitcoin holdings suggests a long-term conviction in the asset’s value and its role in the company’s financial future. It’s a move that speaks volumes about their belief in Bitcoin’s enduring power. Brian Armstrong : A Visionary Leader’s Confirmation Brian Armstrong has long been recognized as a pivotal figure in the cryptocurrency space, steering Coinbase from a nascent startup to a publicly traded titan. His recent affirmation regarding Bitcoin purchases isn’t just a fleeting comment; it reinforces his long-standing belief in the asset’s potential. Armstrong’s leadership has consistently focused on mainstream adoption and regulatory compliance, positioning Coinbase as a bridge between traditional finance and the burgeoning crypto economy. His decision to publicly confirm weekly Bitcoin buys, especially in response to a call for a dedicated treasury, highlights a proactive approach to managing the company’s balance sheet and signaling confidence to both investors and the broader market. This transparency from Brian Armstrong provides valuable insight into the strategic thinking at the top tier of the crypto industry. The Case for a Corporate Bitcoin Treasury : Why Now? The concept of a corporate Bitcoin treasury has gained significant traction, particularly among forward-thinking companies. But what exactly does it entail, and why are more corporations considering it? Inflation Hedge: In an era of economic uncertainty and quantitative easing, companies are looking for assets that can preserve or even grow their purchasing power. Bitcoin, with its capped supply, is often seen as a digital alternative to gold, offering a hedge against inflation. Balance Sheet Diversification: Relying solely on traditional fiat currencies can expose companies to currency devaluation risks. Adding Bitcoin provides diversification, potentially reducing overall financial risk. Signaling Confidence: Holding Bitcoin on a corporate balance sheet sends a strong message to the market about a company’s belief in the future of digital assets. For a crypto-native company like Coinbase, this signal is amplified, reinforcing its commitment to the ecosystem it serves. Growth Potential: Despite its volatility, Bitcoin has historically shown significant long-term growth. Companies that accumulate Bitcoin at strategic times aim to benefit from its potential appreciation. Coinbase’s active weekly purchases suggest they are not just passively holding but actively building a strategic reserve, moving towards what could effectively function as a dynamic Bitcoin treasury . What Does This Mean for the Coinbase CEO and the Exchange? The implications of this revelation for the Coinbase CEO and the exchange are multifaceted. Firstly, it strengthens Coinbase’s position as a leading institutional player in the crypto space. By actively accumulating Bitcoin, Coinbase is not just facilitating trades but also acting as a significant holder, aligning its financial interests even more closely with the broader crypto market’s success. This move could: Boost Investor Confidence: Seeing a major exchange like Coinbase, led by its visionary Coinbase CEO , put its own capital into Bitcoin can reassure investors about the asset’s long-term viability and the company’s financial health. Influence Market Dynamics: Consistent buying from a large entity like Coinbase can contribute to demand, potentially influencing Bitcoin’s price trajectory, albeit subtly over time. Set an Industry Precedent: As a publicly traded company, Coinbase’s actions are scrutinized. Its active Bitcoin accumulation could encourage other companies, both within and outside the crypto sector, to consider similar strategies. Enhance Brand Reputation: For a company whose business is deeply intertwined with Bitcoin, holding the asset reinforces its authenticity and commitment to the decentralized future. This strategic decision by the Coinbase CEO further solidifies the exchange’s standing as a cornerstone of the digital economy. Broader Implications for Crypto Investment Coinbase’s decision to increase its Bitcoin holdings has significant ramifications for the wider landscape of crypto investment . It signals a maturation of the market and a growing acceptance of digital assets as legitimate components of corporate finance. For individual and institutional investors alike, this move offers several insights: Institutional Validation: When a major, regulated, publicly traded company like Coinbase actively buys Bitcoin, it adds another layer of institutional validation, potentially drawing more traditional investors into the crypto space. Long-Term Outlook: It reinforces the idea that Bitcoin is not just a speculative asset but a long-term store of value and a strategic asset for corporations. This can encourage a more patient and strategic approach to crypto investment . Diversification Trends: Companies like MicroStrategy pioneered the corporate Bitcoin treasury. Coinbase’s actions suggest this trend is gaining momentum, potentially leading to more companies exploring crypto as part of their treasury management. Market Stability: While crypto remains volatile, increased institutional holding can, over time, contribute to greater market stability by reducing the impact of short-term speculative movements. This development is a strong indicator of evolving corporate strategies in crypto investment . Navigating the Future: Challenges and Opportunities While the strategic accumulation of Bitcoin presents numerous opportunities, it’s also important to acknowledge the inherent challenges. Volatility remains a key concern, as Bitcoin’s price can fluctuate dramatically, impacting a company’s balance sheet. Regulatory uncertainty, though diminishing, still poses a potential risk. Furthermore, securing large digital asset holdings requires robust cybersecurity infrastructure. However, the opportunities far outweigh these challenges for a company like Coinbase, which is already deeply embedded in the crypto ecosystem. Their expertise in security, compliance, and market dynamics positions them uniquely to manage these risks. This move could also pave the way for new financial products and services tailored to corporate crypto holdings, further diversifying Coinbase’s revenue streams. Conclusion Brian Armstrong’s confirmation that Coinbase is consistently buying more Bitcoin each week is more than just a passing comment; it’s a strategic declaration. It underscores Coinbase’s deep conviction in Bitcoin’s long-term value, its role as a potential corporate treasury asset, and the ongoing maturation of the broader crypto market. As one of the most influential players in the digital asset space, Coinbase’s actions serve as a powerful signal, potentially encouraging further institutional adoption and shaping the future of crypto investment . This move reinforces the idea that digital assets are not just for individuals but are increasingly becoming a cornerstone of corporate financial strategy. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Coinbase’s Strategic Bitcoin Buys: Armstrong Confirms Weekly Acquisitions, Boosting Confidence first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Stablecoin Adoption: PayPal CEO Unlocks Key Challenges for Mainstream Success In the dynamic world of digital finance, few voices carry as much weight as that of a major payment processor like PayPal. When PayPal CEO Alex Chriss speaks about the future of digital assets, the industry listens. Recently, Chriss offered a candid assessment of the path ahead for stablecoin adoption in the United States, highlighting significant hurdles that must be overcome before these digital currencies truly go mainstream. His insights underscore a crucial reality: while the technology exists, getting consumers on board requires more than just innovation – it demands clear value and incentives. Understanding the Hurdles to Stablecoin Adoption in the U.S. Alex Chriss’s comments, as reported by Bloomberg, pinpoint a fundamental barrier to widespread stablecoin adoption : the lack of a clear, compelling benefit for the average user. Unlike traditional cryptocurrencies that offer speculative investment opportunities, stablecoins are designed to maintain a stable value, typically pegged to a fiat currency like the U.S. dollar. While this stability is a core advantage for certain use cases, it doesn’t immediately resonate with consumers accustomed to existing payment methods. What exactly are these hurdles that prevent stablecoins from becoming an everyday payment tool for Americans? Let’s break them down: Lack of Perceived Benefit: For many, the existing financial system, with its credit cards, debit cards, and bank transfers, works sufficiently. Stablecoins offer advantages like faster settlement and lower transaction fees, but these are often hidden behind complex interfaces or not significant enough for daily, small-value transactions to justify a switch. Unless a user sees a direct, tangible improvement in their financial life, the motivation to adopt a new technology remains low. Regulatory Uncertainty: The U.S. regulatory landscape for stablecoins is still evolving. Different government agencies have varying views, leading to a fragmented and often confusing environment. This uncertainty creates apprehension for businesses considering integration and for consumers wary of potential future changes or risks. A clear, comprehensive regulatory framework is essential to foster trust and encourage widespread use. Technical Complexity: While efforts are being made to simplify the user experience, interacting with cryptocurrencies, even stablecoins, can still be daunting for non-technical users. Concepts like private keys, wallet addresses, and gas fees are foreign to most and act as significant deterrents. Interoperability and Ecosystem Gaps: For stablecoins to truly flourish, they need to be seamlessly integrated across various platforms, merchants, and financial services. The ecosystem is still developing, and gaps in interoperability mean stablecoins aren’t yet universally accepted or easily exchanged. Chriss’s observation highlights that the utility of stablecoins needs to be explicitly demonstrated and made accessible, rather than just assumed by the crypto-native community. This is where companies like PayPal, with their massive user bases and existing payment infrastructure, can play a transformative role. PayPal’s Strategic Move: Boosting PayPal Stablecoin Adoption with Rewards Recognizing the challenge of user engagement, PayPal is taking a proactive approach. The company is introducing rewards programs designed to incentivize the use of stablecoins. This strategy is a significant development, especially given PayPal’s launch of its own U.S. dollar-pegged stablecoin, PYUSD, in August 2023. The introduction of PYUSD signaled PayPal’s serious commitment to the digital asset space. Backed by U.S. dollar deposits, short-term U.S. treasuries, and similar cash equivalents, PYUSD aims to provide a stable, reliable digital currency for payments and transfers. By linking its stablecoin to a rewards system, PayPal is directly addressing the CEO’s concern about the lack of perceived user benefit. How might these reward programs work to foster PayPal stablecoin usage? Cashback or Discounts: Users might receive a percentage of their stablecoin transactions back as a reward, similar to credit card cashback programs. Loyalty Points: Accumulating points for stablecoin spending that can be redeemed for goods, services, or even more PYUSD. Exclusive Offers: Access to special deals or promotions for users who transact using PYUSD. This approach leverages a proven psychological trigger: immediate gratification. While the long-term benefits of stablecoins (like faster cross-border payments or potentially lower fees for merchants) are important, immediate rewards can provide the necessary push for initial adoption. PayPal’s vast network of merchants and consumers positions it uniquely to test and scale such incentive programs, potentially setting a precedent for wider industry adoption strategies. Overcoming Digital Currency Challenges : A Path Forward for the Ecosystem The challenges identified by PayPal’s CEO are not unique to stablecoins; they represent broader digital currency challenges that the entire crypto ecosystem faces in its quest for mainstream acceptance. Addressing these issues requires a multi-faceted approach involving technology, regulation, and market education. Here’s how the industry can collectively work towards overcoming these hurdles: Challenge Solution Path Expected Impact Lack of User Benefit Develop compelling real-world use cases beyond speculation (e.g., instant international remittances, micro-payments, programmatic payments). Integrate rewards and loyalty programs. Increased consumer engagement and perceived value, driving organic adoption. Regulatory Uncertainty Advocate for clear, consistent, and forward-thinking regulatory frameworks. Foster dialogue between innovators and policymakers. Enhanced trust and confidence, enabling businesses to invest and scale responsibly. Technical Complexity Focus on intuitive user interfaces (UI) and user experiences (UX). Abstract away blockchain complexities for the end-user. Lowered barrier to entry for non-technical users, making digital currencies as easy to use as traditional apps. Interoperability Gaps Promote industry standards and protocols for seamless integration across different blockchains and traditional financial systems. Creation of a more cohesive and efficient digital asset ecosystem, expanding utility. PayPal’s move with rewards is a tangible step towards solving the ‘user benefit’ problem. If successful, it could provide a blueprint for other players in the digital payments space. The goal is to make using a stablecoin as seamless and beneficial as using a credit card, if not more so, without requiring users to understand the underlying blockchain technology. Navigating US Crypto Regulation : A Critical Juncture for Growth The conversation around US crypto regulation is arguably the most critical factor influencing the pace of stablecoin adoption. Alex Chriss’s comments implicitly touch upon this, as regulatory clarity directly impacts consumer trust and corporate willingness to invest in and promote digital assets. Currently, the U.S. approach to crypto regulation is characterized by a patchwork of state and federal rules, with various agencies asserting jurisdiction. This creates significant challenges: Regulatory Arbitrage: Companies might choose to operate in jurisdictions with more favorable rules, potentially limiting innovation within the U.S. Compliance Burden: Businesses face high costs and complexities in navigating diverse regulatory requirements. Consumer Protection Gaps: In the absence of clear federal guidelines, consumers may be exposed to risks if not adequately protected by state laws. For stablecoins, specifically, the debate often centers on whether they should be treated as securities, commodities, or payment instruments. Legislation like the Clarity for Payment Stablecoins Act of 2023, while not yet passed, signifies a growing recognition in Congress of the need for a unified federal framework. Such legislation aims to establish clear rules for stablecoin issuers, reserves, and redemption mechanisms, providing much-needed certainty. A coherent US crypto regulation framework would not only safeguard consumers but also foster innovation by providing a predictable environment for businesses. It would allow stablecoins to fully realize their potential as efficient, low-cost payment rails, both domestically and internationally. Without it, the path to mainstream adoption will remain fraught with legal and operational risks. The Road to Mainstream Crypto : What Does the Future Hold? Despite the challenges, the long-term outlook for mainstream crypto , particularly stablecoins, remains optimistic. The underlying technology offers undeniable advantages for the global financial system, promising faster, cheaper, and more inclusive transactions. The journey towards widespread acceptance will likely involve several key developments: Continued Innovation in User Experience: As Chriss implies, the focus must shift from technological prowess to user simplicity. Apps and platforms will need to make stablecoin transactions as intuitive as sending an email or making a contactless payment. Integration with Existing Financial Infrastructure: Rather than replacing traditional finance, stablecoins will likely integrate with it, offering an alternative layer for certain types of transactions. PayPal’s strategy is a prime example of this integration. Global Collaboration: Stablecoins have immense potential for cross-border payments. Harmonized international standards and regulatory cooperation will be vital for unlocking this potential. Real-World Utility: Beyond speculation, stablecoins will find their niche in areas like supply chain finance, tokenized assets, and automated payments, demonstrating their true value proposition. PayPal’s CEO is not alone in recognizing these hurdles, nor in the belief that they can be overcome. His candid assessment is a call to action for the industry to prioritize user experience and regulatory clarity. The rewards programs are a practical step, showcasing how a major player intends to bridge the gap between technological capability and consumer willingness. The vision of a future where digital currencies are an integral part of our daily financial lives is compelling. Companies like PayPal are at the forefront, navigating the complexities and experimenting with solutions. While the road to mainstream crypto adoption is indeed long and challenging, the collective efforts to address these issues promise a more efficient, accessible, and innovative financial future for everyone. To learn more about the latest crypto market trends, explore our article on key developments shaping stablecoin price action and institutional adoption. This post Stablecoin Adoption: PayPal CEO Unlocks Key Challenges for Mainstream Success first appeared on BitcoinWorld and is written by Editorial Team
The post Why Is Grayscale Leaving XRP and Cardano off Its Q3 Top 20 List? appeared first on Coinpedia Fintech News Both XRP and Cardano are under pressure this week, with prices slipping despite recent positive developments. XRP is down over 4% in the last 24 hours, now hovering around $0.509, while Cardano (ADA) fell over 2%, currently trading at $0.555. The dips come amid increased trading activity, suggesting traders are still engaged, but the sentiment remains cautious as institutional support continues to lag. Grayscale Investments has updated its Top 20 crypto assets list for Q3, bringing in Avalanche (AVAX) and Morpho (MORPHO) based on factors like network activity, catalysts, and token valuation. But once again, XRP and ADA were left out, despite Ripple’s legal wins against the SEC and strong market optimism around both tokens. Why the Exclusion Raises Questions The crypto community has raised eyebrows over the continued exclusion of these major altcoins. Grayscale’s own XRP and Cardano trusts are awaiting ETF approval, suggesting the firm recognizes their potential. Yet, their omission from the latest portfolio suggests Grayscale is giving more weight to short-term momentum and valuation metrics. Meanwhile, two Ethereum-based tokens, Lido DAO (LDO) and Optimism (OP), were dropped from the list due to weakening near-term fundamentals, even though they continue to lead in their sectors. Grayscale’s move appears to reflect a shift toward adoption-based criteria over long-term fundamentals. XRP and Cardano Beating the Odds XRP is gaining momentum with a series of major developments. Three XRP ETFs have recently launched in Canada , while in the U.S., asset manager Franklin Templeton has applied for an XRP ETF , which is now under SEC review. Ripple has also made headlines with a $1.25 billion acquisition of prime brokerage firm Hidden Road , signaling its expansion into institutional markets. Plus, the launch of Ripple’s RLUSD stablecoin on the XRP Ledger adds another layer of utility to the ecosystem, positioning XRP for stronger adoption ahead. Meanwhile, Cardano is also riding a bullish wave. With over $100 million, ADA was recently converted to BTC and stablecoins to support DeFi growth, while its stablecoin market cap has surged 30%. Integration with the Brave browser has expanded Cardano’s reach to over 86 million users, and ETF optimism is rising, with analysts giving it a 55% approval chance. Something is still not in Place… Despite recent regulatory clarity, like the SEC conceding that certain staking activities aren’t securities, XRP and Cardano still can’t seem to win favor with large institutions. This is surprising given Bloomberg analysts place them among tokens with the highest ETF approval odds in a potential Trump-led SEC. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″] FAQs Why are XRP and Cardano still considered high potential despite Grayscale’s exclusion? They are considered high potential due to strong ecosystem developments (e.g., XRP’s RLUSD stablecoin, Cardano’s DeFi growth), increasing global ETF approvals (Canada), and high analyst-projected U.S. ETF approval odds, indicating long-term value despite short-term institutional hesitancy. What criteria does Grayscale use to select tokens for its Top 20 list? Grayscale considers factors like network growth/adoption, upcoming catalysts, sustainability of fundamentals, token valuation, token supply inflation, and potential tail risks, emphasizing short-term momentum and adoption metrics. How do ETF approval odds for XRP and Cardano compare to other altcoins? Bloomberg analysts indicate very high approval odds (90% or higher) for XRP and Cardano ETFs by year-end 2025, placing them alongside Litecoin, Solana, Polkadot, and Avalanche due to positive SEC engagement.