Billionaire venture capitalist Tim Draper has once again delivered an extremely bullish prediction for Bitcoin. He has argued that the cryptocurrency could eventually go “infinite” against the U.S. dollar due to accelerating adoption. Draper made the prediction on X after commenting on the growing adoption of Bitcoin payments. “First they’ll say, ‘We accept Bitcoin.’ Then
Tether is winding down Alloy by Tether, a platform built around dollar-tracking aUSDT debt backed by Tether Gold collateral. Starting Sept. 17, customers who have not returned their aUSDT will no longer be able to recover XAUT through the platform. The remaining exposure is far smaller than the aUSDT contract’s headline supply. Alloy’s official vault
Strategy’s U.S. dollar reserve has reached $4.65 billion, up from $3.75 billion two weeks earlier. It has also sold almost 7,000 $BTC since late June 2026. Many are wondering why a company built around accumulating Bitcoin would choose to hold billions of dollars in fiat. More importantly, should other Bitcoin businesses do the same? Strategy
Rain acquired Ansa, a startup whose software lets merchants run their own branded prepaid wallets, the stablecoin card issuer announced. The purchase adds a product built on fiat. Ansa’s wallets hold dollar balances that customers load in advance and spend at the brand that issued them, and neither company described a stablecoin leg in the
Chicago Federal Reserve Bank President Austan Goolsbee has signaled that bringing inflation down should be the priority, describing it as the biggest challenge the economy faces. This comes amid the debate over a Fed rate hike, with some Fed officials already showing support for an interest rate increase.
Brazil’s biggest bank is taking another step into tokenized assets, adding to a growing list of the country’s financial heavyweights experimenting with putting traditional investments on blockchain rails. Itaú Unibanco has started working with digital-asset infrastructure provider OpenAssets on a tokenization pilot run by Brazilian Financial and Capital Markets Association ANBIMA, the companies said Tuesday.
Strategy CEO Phong Le has explained the company’s recent pause in Bitcoin purchases. Le stated that the current policy stems not from the $BTC price, but from the company’s goal of increasing its dollar reserves. According to notifications to regulatory bodies, Strategy recently sold over 1,600 Bitcoins for a total of over $108 million. The
Tech-oriented lender Erebor Bank is in advanced talks to raise about $1.5 billion in a deal that would value the year-old firm at about $9.5 billion, the Financial Times reported. Lux Capital, Human Capital, Valor Equity Partners, Andreessen Horowitz and SV Angel are expected to make large commitments in the fundraising round. Existing investors including
Michael Saylor’s Strategy has sold 6,948 $BTC in 2026, raising $431.8 million as part of its $BTC monetization program. Saylor first announced in May that Strategy would soon start selling its $BTC. Then in late June, the company revealed it would sell its accrued $BTC as part of a monetization program to raise $1.25 billion