Tether, the issuer of $USDT, the world’s largest stablecoin, announced a strategic investment in LayerZero Labs, the creator of the interoperability infrastructure used by USDT0. This investment reflects Tether’s confidence in LayerZero Labs’ engineering capabilities, application background, and its role in enhancing interoperability as a core infrastructure. Tether CEO Paolo Ardoino said the following about
Harvard’s endowment has quietly made Bitcoin ETFs a top public holding, surpassing Google and joining other elite universities in rotating long‑term capital into digital assets. Summary Filings show Harvard built and then tripled its BlackRock iShares Bitcoin Trust stake, lifting IBIT above Alphabet and other big‑tech names in its public portfolio. Brown, Emory, and other
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin $BTC$68,689.78 slipped to $68,500 on Tuesday, having failed to reclaim $70,000 after trading above that level for a while over the weekend. The CoinDesk 20 Index (CD20) dropped 0.23% over the past 24 hours. The market appears to be stabilizing after last week’s decline to
On-chain data revealed that non-$USDC/$USDT stablecoins on Solana have surged by more than 10x since January 2025. The expansion of non-$USDC/$USDT stablecoins shows that the stablecoin landscape on Solana has become a lot more diversified over the past year. At the time of publication, the stablecoin market cap is $14.227 billion, up 3.47% over the
A cryptocurrency trader has narrowly missed out on a potential $4 million payout after placing a bet on a U.S. military strike against Iran. Indeed, the investor missed out after the attack failed to materialize by the market’s deadline. Particulars of the trade indicate that a bet placed on Polymarket shows the trader operating under
Financial institutions worldwide are accelerating artificial intelligence deployment, and new finastra research highlights how this shift is reshaping strategies, risk management, and customer experience across the sector. Summary AI use now near-universal across financial institutions Customer experience emerges as the primary battleground High confidence despite disruption and rapid transformation AI becomes the core innovation engine
China’s share of the global economy (measured by its proportion of worldwide GDP) has risen to an estimated 19.6%, according to the most recent data. This brings the country close to representing nearly one-fifth of the total global economic output. In the mid-1980s, China’s share was only about 2.9%, meaning its slice of the world
President Donald Trump sparked a viral debate on social media after a February 9 interview on Fox Business’s Kudlow show, where he discussed his decision-making around Kevin Warsh, his nominee for Federal Reserve (Fed) Chair. Short clips circulating on X (Twitter) show Trump saying he “made a big mistake,” fueling confusion over whether he now
The International Monetary Fund (IMF) has stated that stablecoins come with inherent risks in the financial sector for weaker economies. The latest caution was shared on the IMF’s official X page to highlight the attendant risks associated with the use of stablecoins. IMF warns of currency substitution and capital flight Notably, the IMF has expressed