Month: May 2026

Tether Reports $1.04B Profit, $141B in US Treasuries

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Stablecoin issuer Tether (USDT) reported $1.04 billion in net profit for the first quarter of 2026, as its excess reserves rose to a record $8.23 billion, according to its latest attestation on Friday. The company said its reserves remain heavily concentrated in US Treasuries, with around $141 billion in direct and indirect exposure, while total assets of about $191.8 billion exceeded liabilities of approximately $183.5 billion as of March 31. Tether said this level of exposure makes it the 17th largest holder of US Treasuries globally. Beyond Treasuries, reserves included…

MoonPay Rolls Out Agent-Ready Stablecoin Card on Mastercard Network

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MoonPay is launching a virtual debit card that allows users and AI agents to spend stablecoins directly from self-custodied onchain wallets at merchants that accept Mastercard, using real-time crypto-to-fiat conversion at checkout. The card, developed with Monavate and Exodus Movement, Inc., connects onchain wallets to traditional card rails, enabling transactions without preloading funds or transferring assets offchain, with smart contracts authorizing spending at the point of purchase. Available through MoonPay’s CLI and agent workflows to users in the UK and Latin America, the card is designed for programmatic use, allowing…

Bitcoin Risks Decline After Futures-Driven April Rally: CryptoQuant

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Bitcoin could be setting up for a multimonth price decline, after a rally in April driven mainly by futures traders while spot demand declined, according to the crypto analytics firm CryptoQuant. Bitcoin gained around 20% in April, rising from $66,000 to a peak of $79,000 in a rally “driven entirely by growth in perpetual futures demand,” CryptoQuant said in a report on Thursday.  Meanwhile, spot demand for Bitcoin contracted throughout the rally, “indicating that the market’s marginal buyer was speculative, not fundamental,” it said. “The divergence between rising price and…

Bitcoiners Launch AI-Powered Bitcoin FUD-Fighting Database

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A group of Bitcoiners has launched a new open-source AI tool that generates evidence-based responses to misconceptions about Bitcoin’s environmental impact, energy use and its role in the financial system.  Nordic-based Bitcoin education platform Bitcoin Beyond 66 said it built “The Bitcoin Evidence Base” at a time when there is a “growing body of peer-reviewed research” showing the environmental benefits of Bitcoin mining, but “outdated data, methodologically weak studies, or plain lack of knowledge” continue to negatively shape public perception. The database seeks to offer users quick access to relevant,…

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Carrot’s TVL Collapses 93% in a Month Following Drift Hack

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Solana-based decentralized finance yield protocol Carrot said Thursday that it is shutting down permanently, becoming one of the first DeFi protocols to fall due to contagion from the Drift Protocol exploit in early April.  In an X post on Thursday, Carrot said the Drift exploit was “catastrophic” for the protocol and had left it financially unable to continue operating. The platform set a May 14 deadline for users to withdraw remaining funds. It said it will continue to help recovery efforts related to Drift and distribute assets once they become…

XRP 2017 Breakout Replay? Analyst Drops Bold 1,992% Target

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A crypto market analyst has suggested that XRP appears to be forming “one of its most significant multi-year structural patterns to date,” which could lead the altcoin to a rally similar to its 2017 expansion. Related Reading XRP Eyes 2017-Like Expansion On Thursday, market observer ChartNerd stated that XRP appears to be repeating a setup that may surpass the scale of the 2017 pre-breakout formation, which led to a massive 68,000% expansion during that cycle. In a video, the analyst explained that the altcoin has been developing since 2020, when…

WATCH NOW – Latest Crypto Market News Today & BTC – ETH Update

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io WATCH NOW – Latest Crypto Market News Today & BTC – ETH Update Welcome to Al Makkah Tech & Business Hub! If you are looking for the most reliable CRYPTO NEWS TODAY, you’ve come to the right place. Our mission is to provide you with the latest updates on the digital asset market, including daily Bitcoin price analysis and in-depth ethereum price analysis. Staying informed is the first step toward understanding the rapidly evolving blockchain landscape. _________________________________________ For Verified News updates Follow…

Bitcoin Price Action Favors Bears But Profit Taking Overwhelms Each Rally

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Bitcoin (BTC) traders pushed the price to $77,400, but data suggests profit-taking may thwart the bull’s goal of turning the $77,000 to $80,000 zone into support.  Orderbook data from TRDR shows over $130 million in asks extending from $76,700 to $79,300.  BTC/USDT Binance perps orderbook. Source. TRDR.io Given Bitcoin’s negative futures funding rate and the small negative long-short delta (-$1.47 million at the time of writing), bulls have a slight edge in the short-term. The situation could shift further in their favor if the BTC price pushes into short liquidity…

RWA Tokenization Boom Drives 420% Market Cap Surge

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The size of the tokenized real-world asset (RWA) market has increased by more than 420% since the start of 2025, as investors were treated to easier market access and regulatory clarity, according to analysts. The RWA market cap was about $5.8 billion on Jan. 1, 2025, but has since risen to more than $30.2 billion as of Wednesday, according to analytics platform RWA.xyz. Tokenized US Treasurys experienced the largest increase, from $3.9 billion at the start of 2025 to more than $15 billion, followed by commodities. Dominick John, an analyst…