Tether has become a major source of financing for Gold.com, giving about $1.5 billion to the US precious-metals dealer. The relationship, as reported by Bloomberg, shows how Tether is expanding beyond issuing the $USDT stablecoin. Tether’s gold involvement goes beyond buying bullion Gold.com had about $1.7 billion in outstanding precious-metal leases at the end of
Bitcoin price action got a reality check this week. On September 14, Santiment Insights described extreme FOMO across the crypto community as bullish narratives surged around expectations for a favorable CLARITY Act outcome. The warning was about euphoria itself, regardless of how the decision eventually turned out. Bitcoin FOMO Collapsed After CLARITY Act Setback The
Avalanche Treasury Company CEO Bart Smith says growing AI agent activity could test blockchain capacity and challenge the assumption that Layer 1 blockspace is effectively unlimited. Smith expects technical differences between Avalanche, Solana, Ethereum and other Layer 1 networks to matter more as transaction demand rises. He also expects markets to move toward 24/5 trading
Public blockchains record every transaction, yet researchers can derive multiple measures of economic activity from the same transparent ledger. A Bank for International Settlements (BIS) working paper published Sept. 15, found that Bitcoin transfer-value estimates differed by as much as a factor of six across the measurement approaches tested. That result is specific to the
Bitcoin ($BTC) traded near $76,500 after Thursday’s Wall Street open as investors snapped up US stocks following their recent dip. Key points: Bitcoin consolidated after dropping below $76,000 on the back of a 0.25% interest-rate hike by the US Federal Reserve. US equities rebounded, with the Nasdaq Composite Index gaining 1.5% as analysis saw upside
World has begun rolling out World Money in more than 150 countries. The service supports payments, stablecoins and investing, while allowing users to manage funds, transfer assets and track their portfolios. World Money supports eight currencies and lets users send assets using a World username. Users can also track portfolios, transactions and set price alerts.
Virtuals Protocol has officially launched on the Arc Chain, allowing users to tokenize assets and share co-ownership. This announcement, made via their official tweet, highlights a significant development in the platform’s capabilities. The launch could potentially attract a broader audience of builders and agents interested in decentralized applications. The Story So Far The broader cryptocurrency
Strategy has repurchased nearly 9.96 million STRC preferred shares for $950.8 million since July 20 as the security recovered toward Strategy’s targeted $99-to-$100 trading range. Strategy said in its Sept. 14 SEC filing that it bought another 1,420,467 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock between Sept. 8 and Sept. 13