Month: April 2025

Tether still dominates stablecoins despite competition โ€” Nansen

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Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tetherโ€™s USDt continues to lead among US dollar-pegged stablecoins, even as competition intensifies. As of April 25, Tether (USDT) has a roughly 66% market share among stablecoins, compared to around 28% for USDC (USDC), Nansen said in the April 25 report.ย Ethenaโ€™s USDe stablecoin ranks a distant third, touting a market share of just over 2%. Nansen expects Tetherโ€™s lead to endure even as rivals such…

Over 7.7 Tons of Gold Now Support Tetherโ€™s XAUT Tokens

Tether Holdings has released its first-quarter 2025 attestation for Tether Gold (XAUT), confirming that more than 7.7 tons of physical gold fully back the tokens in circulation. Tether Releases Independent Verification of XAUT Reserves Tetherโ€™s attestation report, completed by BDO Italia S.p.A., independently verified that 246,524.33 fine troy ounces of gold were held in custody [โ€ฆ] Source CryptoX Portal

Arizona legislature passes Bitcoin reserve bills, moving closer to stockpiling crypto

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Lawmakers in the Arizona House of Representatives passed two bills that could allow the state to adopt a reserve using Bitcoin (BTC) or other cryptocurrencies. In a third reading on April 28 of Senate Bill 1025 (SB1025), a proposal to amend Arizonaโ€™s statutes to allow for a strategic BTC reserve, 31 members of the Arizona House voted in favor of the bill, with 25 opposed. A similar bill, SB1373, to establish a state-level digital assets reserve, passed with 37 lawmakers in favor and 19 voting nay. โ€œThis bill basically takes…

Justin Sun Bets Big On JUST Token, Sees 100x Potential

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artรญculo tambiรฉn estรก disponible en espaรฑol. Tron founder Justin Sun has set the crypto community abuzz with a very ambitious forecast that JUST (JST) token will grow a hundred-fold. Related Reading Justin Sun Asserts โ€˜Complete…

Bitcoin price consolidation likely as US Core PCE, manufacturing, and jobs reports print this week

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Key takeaways:ย  A week full of US macroeconomic reports could impact Bitcoin tradersโ€™ sentiment.ย  Bitcoinโ€™s rally could stall if thereโ€™s a sharp reduction in spot buy volumes. If PCE, the ISM PMI, and jobs data align with market expectations, BTC could rally.ย  Bitcoin (BTC) price could face a period of range-bound trading after managing a 10.37% rally over the past 7 days. Robust spot purchasing demand from Strategy, the spot BTC ETFs, and announcements from 21Shares and Coinbase played a role in Bitcoinโ€™s rally to $95,700. With the exception of…

Gold-backed cryptocurrencies spike amid global trade uncertainty

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Gold-backed cryptocurrencies have spiked in value amid the global trade war unleashed by US President Donald Trumpโ€™s April 2 tariffs. Tether Gold (XAUT) and Paxos Gold (PAXG) reached all-time highs on April 22, with Tether Gold touching $3,529 and Paxos Gold recording a peak of $3,520, according to data from CoinMarketCap. Two other gold-backed cryptocurrencies โ€” Quorium (QGOLD) and Kinesis Gold (KAU) โ€” have seen rises of 8.5% and 7.6%, respectively, in the past 30 days. All four tokens are up 40% or more in the past 12 months, CoinGecko…

Bitcoin is America’s new gold under Trump

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Howard Lutnick, U.S. Secretary of Commerce, made it clear in a recent interview that Bitcoin has a powerful future in America โ€” and the federal government is now fully behind it.ย  โ€œWhat is Bitcoin like? Itโ€™s like gold, right?โ€ Lutnick said in an interview with Bitcoin Magazine. โ€œIt was treated under the Biden administration like you were doing something wrong. Now you have that sort of in the rearview mirror, and itโ€™ll never come back.โ€ Lutnick, a longtime Bitcoin (BTC) supporter, discussed his personal journey with the cryptocurrency, which began…

Bitcoin Price (BTC) Retakes $95K Level After Early U.S. Decline

Bitcoin (BTC) fell early in the U.S. trading session, but mostly held firm as poor macroeconomic news rolled in. The top cryptocurrency late in the day was trading just below $95,000, up 0.5% over the past 24 hours. The CoinDesk 20 โ€” an index of the top 20 largest cryptocurrencies by market capitalization excluding memecoins, exchange coins and stablecoins โ€” was roughly flat over the same time frame. Crypto stocks like Coinbase (COIN), Strategy (MSTR) and the miners were losing modest ground after big gains last week. Notable exceptions included…

Ethereum Shows 4H Bearish Divergence โ€“ Can Bulls Hold $1,750?

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Ethereum is now facing a critical test as it trades within a tight range, sitting below the $1,850 resistance and above the $1,750 support. After a strong recovery from the $1,400 level earlier this month, bulls have managed to stabilize price action, but the real challenge is now unfolding. To confirm a sustainable bullish structure, Ethereum must decisively reclaim the $2,000 level in the coming days. Market sentiment remains cautious as Ethereum consolidates below resistance while macroeconomic uncertainty continues to weigh on risk assets. Top crypto analyst Big Cheds shared…

Lombard, Eigenlayer Partner to Bring Bitcoin Restaking to Ethereum Ecosystem

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Lombard has partnered with Eigenlayer and the Eigen Foundation to integrate bitcoin into Eigenlayerโ€™s restaking ecosystem. This marks the first time bitcoin (via Lombardโ€™s LBTC) will be used as collateral for decentralized services on Ethereum. Lombardโ€™s LBTC Integrates With Eigenlayer, Unlocking New Bitcoin Utility The collaboration enables bitcoin (BTC) holders to restake LBTC, earning yield […] Original