Author: Max Bauer
Tether, the issuer of the world’s largest stablecoin by market capitalization (USDT), has announced it will discontinue support for its euro-pegged stablecoin, EUR₮. Holders have until November 27, 2025, to redeem their EUR₮ tokens. The company cited a strategic shift towards community-driven product support as the reason for the discontinuation. In an official statement, Tether emphasized its commitment to maintaining a robust blockchain ecosystem. “At Tether, we remain dedicated to fostering a robust and innovative blockchain ecosystem for all Tether tokens we issue,” the statement read. “To fulfill this commitment, we are continuously assessing our stablecoin offerings, ensuring a balance…
Charles Hoskinson, founder of Cardano (ADA), has made a bold prediction about the future price of Bitcoin ($BTC), stating he believes it could reach between $250,000 and $500,000 within the next 12 to 24 months. He attributes this potential surge to increasing investment inflows and growing interest in the cryptocurrency. In a recent statement, Hoskinson acknowledged the potential of other cryptocurrencies like Ethereum, Solana, and Cardano, but emphasized Bitcoin’s unique position. He pointed out that governments are primarily discussing strategic reserves of Bitcoin, highlighting its role as the preferred entry point into the digital asset space. While he anticipates this…
The election of Donald Trump has injected a renewed sense of optimism into the cryptocurrency market, with Bitcoin recently approaching the $100,000 mark before retracing. Trump’s anticipated pro-crypto stance, including the launch of his own crypto platform, World Liberty Financial, is fueling expectations of increased adoption of digital currencies. This development coincides with the expansion of crypto investment options, notably the introduction of spot Bitcoin ETFs in January and, more recently, the addition of Bitcoin ETF options. These new avenues for investment are attracting attention as the crypto market evolves. Despite the positive momentum, financial advisors remain cautious. An April…
Cryptocurrency exchange Kraken announced today that it will be closing its NFT marketplace to redirect resources towards other initiatives. The decision comes as the NFT market experiences a period of relative stagnation. According to a statement provided to The Block, users will no longer be able to list, bid on, or sell NFTs on Kraken’s platform after November 27, 2024. However, they will retain the ability to withdraw their assets. A subsequent release to users, obtained by The Block, indicates the marketplace will fully cease operations on February 27, 2025. A Kraken representative explained the decision, stating, “We’ve made the…
Bitcoin’s trajectory in 2025 was a key topic of discussion on CNBC recently, with Todd Rosenbluth and Dan Egan weighing in on the cryptocurrency’s prospects. With Bitcoin hovering just below the $100,000 mark, the conversation centered around institutional adoption, retail investor engagement, and potential market corrections. Rosenbluth highlighted the “tremendous year” for Bitcoin ETFs in 2024, pointing to the iShares Bitcoin ETF (IBTC) as a leader. He anticipates increased institutional involvement in 2025, fueled by the recent introduction of Bitcoin options trading on Nasdaq. This, coupled with a growing number of Bitcoin-linked products, such as the enhanced income ETF (BTCI)…
The cryptocurrency market is exhibiting signs of increasing caution as traders await the release of crucial U.S. economic data this week. Both Bitcoin and Ethereum are experiencing a shift in options implied volatility, suggesting growing uncertainty ahead of the Federal Open Market Committee (FOMC) meeting minutes and Wednesday’s Core Personal Consumption Expenditures (PCE) inflation report. Analysts at QCP Capital highlight a notable shift in Ethereum’s implied volatility, with a marked increase in put options over call options. This trend mirrors a similar sentiment in Bitcoin, indicating growing concerns about potential downside risks. Traders are seeking clarity from the FOMC minutes…
World Liberty Financial, the decentralized finance (DeFi) platform backed by former U.S. President Donald Trump and his sons, has received a significant injection of capital from crypto billionaire Justin Sun. Sun, the founder of TRON and an affiliate of the HTX crypto exchange (formerly Huobi), purchased $30 million worth of WLFI tokens, the platform’s native governance token. The purchase, confirmed by Sun on Twitter, follows a sluggish start for the World Liberty project. Launched in September 2024 with the ambitious goal of raising $300 million, the platform had only managed to secure $21 million in token sales prior to Sun’s…
Reports indicate a nationwide hold on Antminer S21 and T21 units, potentially linked to FCC investigation. The U.S. Customs and Border Protection Agency (CBP) is reportedly holding shipments of Bitmain Antminer ASICs at various ports of entry, causing significant disruption to the American bitcoin mining industry. According to seven anonymous sources within the industry who spoke to Blockspace, the Federal Communications Commission (FCC) requested the CBP to detain these shipments, some for as long as two months. The holds are affecting imports of Bitmain’s latest Antminer S21 and T21 series and appear to be occurring nationwide, including ports in San…
The Avalanche Foundation has launched the “Avalanche9,000” testnet, a significant upgrade designed to revolutionize Layer-1 (L1) development on the Avalanche network by making it more affordable and accessible. The testnet went live on Monday, marking a crucial step towards the upgrade’s planned mainnet deployment on the C-Chain in 2025. To incentivize development and adoption, the Foundation has announced a substantial $40 million in retroactive grants for builders on Avalanche, including a $2 million allocation specifically for referrals. Ava Labs Chief Protocol Architect Stephen Buttolph emphasized the cost-saving focus of the upgrade, stating, “[This latest upgrade] focuses on making every component…
Cryptocurrency analyst Ali Martinez has issued a bold prediction for Polygon (POL), forecasting a potential price explosion that could see the token surge to between $15.27 and $36.17. Martinez said that his analysis is independent and not sponsored. According to Martinez, the current market landscape for POL is surprisingly positive. He points out that a significant majority (84.89%) of wallets holding POL since the last bull market are currently underwater. While this might seem bearish at first glance, Martinez argues that it actually reduces the risk of a profit-taking sell-off, as long-term holders are unlikely to sell at a loss.…