Author: John Smith
Tether has appointed Benjamin Habbel as its chief business officer, placing the seasoned leader with roots at Google and Limestone Capital at the helm of its investment strategy to steer future deployments into AI, energy, and digital infrastructure. Summary Tether appointed ex-Google and Limestone Capital executive Benjamin Habbel as chief business officer. Habbel will oversee growth, finance, and investments across AI, energy, and digital infrastructure. The hire signals Tether’s shift from stablecoin dominance toward a broader role as a diversified global investment player In an announcement on Sept. 24, the stablecoin giant said Habbel will take the reins of organizational…
On Wednesday, Sept. 24, the stablecoin market reached a historic milestone, reaching an all-time high of $294.56 billion, according to DeFiLlama. Summary Stablecoin market cap reached an all-time high of $294.56 billion Tether’s USDT is still in the lead, but Circle’s USDC is catching up Favorable regulatory conditions, including the passage of the GENIUS Act, boosted demand USDT remains the leading stablecoin in the market, with a $173 billion market capitalization, accounting for 58.7% of the total. In fact, its issuer, Tether, is reportedly targeting a $500 million valuation in a private placement, seeking $15 million to $20 million in…
The attacker responsible for the UXLINK hack is still shuffling their loot, recently dumping millions in assets in a bid to convert the proceeds of the hack. Summary The UXLINK hack continues to unfold as attacker offloads about $6.8 million worth of ETH. In a twist, the attacker recently lost a hefty portion of the stolen tokens to a phishing attack while moving assets. UXLINK has finalized a new smart contract audit and is preparing for a token migration The UXLINK hack has entered a new chapter as the attacker continues to shuffle funds stolen from the protocol. Per data…
Bitcoin price managed to make its way above the $112,000 threshold, holding slightly below $113,000. After dropping below $110,000 amidst a sharp decline due to liquidations, is there still hope for a rally? Summary Bitcoin remains stable at the $112,000 mark, however it needs to climb above $114,000 to shoot up into the rally. Matrixport found that the resistance zone currently sits at $109,000. This means that BTC must remain above that level so that it doesn’t slip further down. Bitcoin price took a massive hit when mass liquidations wiped out a large chunk of its market cap, losing nearly…
Spot Bitcoin exchange-traded funds in the United States experienced their second straight day of net outflows as the broader crypto market sentiment has turned bearish. Summary Spot Bitcoin ETFs have recorded their second consecutive day of outflows. Analysts remain largely bearish on Bitcoin and expect a potential drop to as low as $70k. According to data from SoSoValue, the 12 US spot Bitcoin ETFs recorded $103.61 million in net outflows on Tuesday, Sep. 23, extending the outflow streak to two consecutive days that saw nearly $467 million exit the funds. Fidelity’s FBTC led the majority of outflows on the day,…
FTT price jumped more than 30% after a surprise “gm” post on Sam Bankman-Fried’s X account sparked a wave of speculative trading. Summary A “gm” post from SBF’s X account sent FTT up ~30% intraday on Sept. 23–24. Derivatives volume and open interest jumped sharply, raising liquidation risk. Daily chart shows momentum but longer-term averages and oscillators advise caution. On Sept. 23–24, FTT staged a sharp, headline-grabbing move. The token climbed to an intraday high near $1.20, up roughly 30% from prior levels, then settled around $0.97 as of press time as traders took profits and the initial frenzy faded.…
A massive $1.8 billion wave of liquidations is hitting Bitcoin traders, while gold trades near all-time highs. Summary Gold hits new highs as Bitcoin sees $1.8 billion in liquidations. Shawn Young, Chief Analyst at MEXC Research, notes that the recent selloff serves as a classic reminder of crypto’s structural fragility. In a comment for crypto.news, Young noted that 407,000 traders faced liquidations as Bitcoin (BTC) fell below $112,000. Gold and Bitcoin are once again showing divergent trajectories. While gold reached a new all-time high of about $3,790 per ounce on Sept. 23, Bitcoin trended downward over the past week. Compounding…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BitMart lists RCO Finance, sparking buzz as a leading investment opportunity of 2025. Summary RCO Finance to list on BitMart soon, traders eye $0.16 entry before global trading opens. RCOF has climbed 1,100% to $0.16 with $36m raised, VC backing, strong users. BitMart listing could trigger rapid liquidity and growth, putting RCOF in the spotlight. BitMart has just confirmed the listing of RCO Finance, and traders are already calling it one of the biggest opportunities of 2025. With the…
Grayscale’s flagship Ethereum investment vehicles now operate under a more streamlined regulatory regime. The move to generic standards reduces future filing requirements, signaling a new phase of maturity for crypto ETFs in U.S. markets. Summary SEC approved NYSE Arca’s request to shift Grayscale’s Ethereum ETFs from non-generic to generic listing standards. The rule change streamlines oversight, reducing future filings and allowing the funds to continue trading without case-by-case approval. Analysts see the move as a step toward broader adoption of spot crypto ETFs, with the SEC still soliciting public comments. According to a notice issued by the U.S. Securities and…
Tokenization is not new, says Morgan Krupetsky of Ava Labs, but this time, it’s here to stay. Summary Tokenization isn’t new, says Morgan Krupetsky of Ava Labs, and Avalanche was a first adopter Stablecoins are the real, proven use case for tokenization, with over $280 billion market cap The future is in DeFi integration into the background of almost all digital Tokenization has emerged as one of the most influential narratives in crypto, with promises of greater efficiency, liquidity, and accessibility. Still, while major institutions are increasingly jumping into the field, the reality remains mixed. Crypto.news spoke with Krupetsky of…