Day: July 31, 2025

Bitcoin Sees Rising New Investor Dominance, Old Holders Yet To Capitulate

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As Bitcoin (BTC) continues to consolidate slightly below the $120,000 level, the dominance of new investors is steadily rising. However, on-chain data shows that BTC is still far from overheating, suggesting the premier cryptocurrency may have more room to run before a significant correction sets in. Bitcoin May Still Have Some Room To Run According to a CryptoQuant Quicktake post by contributor AxelAdlerJr, new investor dominance in Bitcoin is gradually increasing – currently hovering around 30%, which is only halfway to the historical “overheated” threshold. Related Reading The analyst shared…

Story Protocol Price Rallies 10% as Grayscale Launches IP Trust Fund

Key Notes Grayscale’s new Story Trust provides institutional investors direct access to IP tokens through a regulated investment vehicle. Technical analysis shows IP breaking $6.40 resistance with rising volume, targeting $6.90-$7.10 price levels ahead. The protocol focuses on programmable intellectual property licensing across AI and creator economy applications. Story Protocol IP $6.29 24h volatility: 5.8% Market cap: $1.86 B Vol. 24h: $114.47 M soared over 10% to hit $6.52 on July 31, extending its seven-day timeframe gains to the 30% mark. The latest Story protocol price uptick is linked to…

Report: PENGU Token’s ‘Social Currency’ Role Underpins Novel ETF Bid

A proposed exchange-traded fund (ETF) combining Pudgy Penguins’ PENGU token and its non-fungible tokens (NFTs) has progressed to formal review by the U.S. Securities and Exchange Commission (SEC), according to a new report by Animoca Brands Research. Animoca Highlights Pudgy Penguins’ Path: IP Boom to ETF Filing Animoca researchers note that the hybrid product, filed […] Source CryptoX Portal

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Tether Sets $4.9B Net Profit Record Q2 2025, Issuance Hits New Highs

Key Notes Record quarterly earnings of $4.9 billion demonstrate Tether’s dominant position in the expanding stablecoin market. Over $13.4 billion in new USDT tokens were issued during Q2, bringing total circulation above $157 billion globally. Strategic holdings include $127 billion in US Treasuries, positioning Tether among largest private government debt holders. Tether International announced on July 31 a net profit of approximately $4.9 billion for the second quarter of 2025, setting a new company record and highlighting its continued global expansion in the stablecoin sector. The company’s Q2 attestation, conducted…

Payments Giant Visa Expands Stablecoin Offerings

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Payment company Visa expanded stablecoin offerings on its settlement platform by adding support for Global Dollar (USDG), PayPal USD (PYUSD), Euro Coin (EURC) and two new blockchain networks, Stellar and Avalanche. The integration allows users to send and receive stablecoin payments through the supported blockchain networks or convert their balances to traditional fiat currency, Visa said in a press release on Thursday. Visa already offered support to Circle’s USD Coin (USDC) stablecoin, while supported networks for transfer and settlement include Ethereum, Solana and the newly added chains. Institutional interest in…

Weak Bitcoin Treasury Companies Won’t Survive The Bear Market

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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. The latest What Bitcoin Did episode, hosted by Danny Knowles, turns squarely to the question stalking one of the market’s hottest trades: can the boom in “Bitcoin treasury” companies withstand the next prolonged drawdown? Dylan LeClair,…

Tether Reports $4.9B Net Profit in Q2, Invested $4B in U.S. Initiatives

Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion. The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion. Exposure to U.S. Treasuries, including direct holdings and instruments like money market funds and overnight reverse repurchase agreements, rose past $127 billion as it issued more than $13 billion of USDT in the quarter. The company said it booked…

Tether Posts $4.9B Profit in Q2 as Stablecoins Go Mainstream

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Tether disclosed another strong quarter as stablecoins continue to gain traction amid growing regulatory clarity in the United States. The company said it posted $4.9 billion in profit for the second quarter of 2025, a 277% increase compared with the same period a year ago. Tether is the creator of USDt (USDT), a stablecoin pegged to the US dollar and backed by US Treasurys and cash equivalents. According to DefiLlama, USDt continues to dominate the stablecoin market, accounting for 61.7% of all stablecoin value, with a market capitalization of $164.5…