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
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
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
In a stunning reversal, President Donald Trump who once called Bitcoin a “scam” has delivered one of his most direct endorsements of cryptocurrency yet. He is now calling the traditional financial system “broken” and arguing that digital assets offer a “solution.” This dramatic change of heart coincides with a flurry of pro-crypto policy actions and
Federal prosecutors in New York are pursuing fraud charges against the former CEO of a crypto-powered casino, claiming the 39-year-old gambled away investors’ cash. The U.S. Justice Department recently charged former Zero Edge CEO Richard Kim with securities and wire fraud for allegedly diverting $3.8 million worth of seed round funding to himself for personal
Bitcoin hit another all-time high price mark on Wednesday as a increasingly favorable macro environment pushes traders to take more risk. And Ethereum might be following right behind. The leading cryptocurrency hit a new peak price of $122,882 on Wednesday afternoon, beating its previous July record of $122,838, CoinGecko data shows. Stocks also soared to close
As tokenized real-world assets surpass $25 billion in value, a new accelerator backed by Galaxy, OKX, and Anchorage aims to prepare startups for institutional scale. Summary As tokenized RWAs top $25.5 billion, a new accelerator backed by Galaxy, OKX, and others is launching to support early-stage startups building for institutional scale. Called Ascend, the program