Big banks weren’t happy with a key provision of the GENIUS Act, and want lawmakers to right the wrong in the crypto market structure bill.
Tether plans a new chapter in dollar-linked tokens, unveiling USAT—a planned U.S.-regulated, dollar-backed stablecoin—and naming Bo Hines as CEO-designate of Tether USAT. Tether’s Next Act: A U.S.-Regulated Dollar Token Called USAT Framed as a U.S. product from day one, USAT will target businesses and institutions that want a digital cash alternative governed by strict standards
Solana hit its highest price since January on Friday, following massive Galaxy buys likely tied to a treasury firm.
According to data from on-chain analytics platform Lookonchain, a whale continues to sell off significant profits from its PUMP investments. The investor in question spent $10 million to acquire 2.5 billion PUMP tokens and is now selling. The address that deposited 250 million PUMP ($1.53 million) to Binance eight hours ago still holds 2.25 billion PUMP ($13.6 million). The investor's total profit exceeds $5 million. Alongside the sell-off in PUMP, whale sales in the HYPE token are attracting attention. 0x746b sold 188,861 HYPE ($10.58 million) in the last 4 hours at an average of $56.01. 0x7be1 has sold 175,000 HYPE ($9.75 million) at an average price of $55.72 in the last 4 days. 0x0e41 sold 113,310 HYPE ($6.32 million) in the last 3 days at an average price of $55.74. 0xe867 sold 50,000 HYPE ($2.77 million) at an average price of $55.53 in the last 20 hours. Related News: Billionaire Bitcoin Bulls Winklevoss Twins Reveal 10-Year Price Forecast for Bitcoin Whale sales continue on the Ethereum side. Address 0xdE03 realized a profit by selling 25,755 ETH ($117 million) six hours ago. Over the past three years, this address had withdrawn and staked 44,661 ETH ($107.7 million) from exchanges at an average price of $2,411, and then deposited 45,132 ETH ($165.5 million) to Binance at an average price of $3,668. The address still holds 3,362 ETH ($15.2 million), bringing its total profit to approximately $73 million. *This is not investment advice. Continue Reading: Attention: This Altcoin’s Big Whale Has Started Selling for Profit