In July, U.S. tariff revenue soared over 300% to a record $29.6 billion, bringing the total raised since March to over $100 billion. Record Tariff Revenue vs. Widening Deficit In a stunning fiscal surge, U.S. tariff revenue skyrocketed by over 300% in July alone, reaching an unprecedented $29.6 billion in a single month. The record-breaking
Tether’s co-founder and CEO, Paolo Ardoino, started a hot and fresh discussion on the fundamental applications of stablecoins. He drew the audience’s attention towards a sharp contrast between Tether (USDT) and its competitors. On his official X (formerly Twitter) account, Ardoino shared an interesting statistic that 63% of all the transactions involving USDT are only
Bitcoin BTC$123,146.42 surged past its previous record on Wednesday, rallying in tandem with U.S. equities as investors continued piled into risk assets ahead of key macro catalysts. BTC rose above $124,000 in early Asia trading on Thursday, topping the July 14 high of $123,205, before seeing slight profit taking. The move came as the S&P
Near Protocol, a PoS blockchain network, today announced its strategic alliance with IQ AI, a network powering a system of autonomous AI agents developed to serve the needs of Web3 users. With this joint venture, Near Protocol aims to widen its AI-powered solutions within its distributed ledger network, seeking to improve its crypto infrastructure through
The stablecoin market is witnessing a remarkable surge. Billions of fresh capital are potentially setting the stage for increased trading activity and asset appreciation. USDT and USDC’s combined growth means investors are positioning for further upside across the crypto market. Billions in Fiat Pour Tether’s USDT saw its market cap climb from $120 billion before
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. South Korea’s decision to shelve its central bank digital currency pilot
Ice Open Network (ION) has announced a strategic integration with BOB, a hybrid blockchain project aiming to become the “Gateway to Bitcoin DeFi.” The partnership will see the introduction of the BOB infrastructure that is a hybrid between Bitcoin and Ethereum into the Ice Open Network Online+ ecosystem, finally bringing new possibilities to developers, projects,
Bitcoin prices rallied on Wednesday, August 11, reaching a fresh, all-time high above $124,000. The world’s most valuable digital currency had climbed to roughly $124,380 around 8:30 p.m. EST, according to Coinbase data from TradingView. Interestingly enough, ether, the second-most valuable cryptocurrency, was also in the green, rising to more than $4,750, less than $150
Bitcoin hit a new record high price on Wednesday, and Ethereum may be poised to do the same very soon. But as ETH treasury firms’ stocks have surged on the recent market momentum, shares of at least one of their BTC counterparts are trending in the opposite direction. Lixte Biotechnology’s stock (LIXT) finished the day