Tether Flips Ether as USDt Becomes Second Largest Crypto

Tether stablecoin USDt has become the second-largest cryptocurrency by market capitalization as Ether fell to its lowest price of the year on Friday Ether’s market capitalization dropped below $185 billion following a 5.2% price crash over 24 hours, sending the asset tumbling to $1,510 on Coinbase, according to TradingView. This allowed USDt, with a $186…

House Democrats Probe SEC On AI Agent Advisors

A group of Democratic US House lawmakers is questioning the US securities regulator over how it is overseeing investment advice and trading powered by artificial intelligence. In a letter to SEC Chair Paul Atkins dated Tuesday, the lawmakers said that platforms offering AI trading agents to retail traders “raises serious questions for investor protection, broker-dealer…

Bitcoin Rebounds Off Yearly Lows But US Stocks Flash Warning Sign

Key takeaways: Surging spot Bitcoin ETF outflows and a put-heavy options expiry point to fading institutional demand. Risk-reward shifts toward tech stocks, leaving crypto traders to seek catalysts beyond macroeconomic tailwinds. Bitcoin (BTC) traded down 9% in three days, hitting its lowest level since September 2024. The $58,000 retest triggered over $1 billion in liquidations…

Base Resumes Block Production After 2-Hour Outage

Base, the blockchain backed by crypto exchange Coinbase, has returned online after the network suffered nearly a two-hour outage due to a consensus issue that halted block production. Base posted to X on Thursday after the outage that the network’s blocks “are being produced normally, and we have verified widespread recovery in the ecosystem.” Base’s…

Sharplink Buys ETH for First Time in 8 Months

Ether treasury company Sharplink has bought Ether for the first time in eight months as the token sank to its lowest price this year on Thursday. On-chain data from Arkham shows a wallet associated with Sharplink received 5,000 Ether (ETH), worth $7.85 million, from crypto prime brokerage FalconX on Thursday. The last time it received…

Invesco, $2.5T asset manager, files for tokenized fund targeting stablecoin reserves

Invesco’s move is another sign of asset managers increasingly chasing a new business opportunity created by stablecoins. These cryptocurrencies are designed to maintain a fixed value, typically tied to one U.S. dollar, and are backed by reserve assets such as cash and short-term Treasuries. As issuance grows, so does demand for firms that can manage…

Kanga Wins MiCA License in Latvia to Expand Across EU

Kanga, a crypto exchange founded in Poland, said it has obtained a Markets in Crypto-Assets Regulation (MiCA) license in Latvia, allowing it to provide services across the European Union in accordance with the cross-border notification procedure under the framework. SIA AlphaRoute, operating under the Kanga Exchange EU brand, received a Class 3 MiCA license from…

Does Botanix’s Failure Prove Bitcoiners Don’t Care About DeFi?

For the past two cycles, Bitcoin DeFi has lived more as a promise than a category. Programmable Bitcoin has remained a vision held by a certain breed of Bitcoin maxi who believes that the world’s largest cryptocurrency can become productive without losing its security or sound money qualities. Yet the closure of Bitcoin scaling platform…

Spark Brings $150M Stablecoin Liquidity to Uniswap v4

Decentralized finance (DeFi) protocol Spark has deployed approximately $150 million in stablecoin liquidity across two Uniswap v4 pools on Ethereum as part of a collaboration aimed at creating shared liquidity and exchange infrastructure for stablecoin issuers. A Spark spokesperson told Cointelegraph that the initial deployment is live in two pools pairing USDS with PayPal USD…

South Korean Authorities Fine Bithumb $136K over Sharing User Information Overseas

South Korean cryptocurrency exchange Bithumb was order to pay a $136,000 fine after it was found to have breached personal information protections rules when it sent user data overseas. In a Thursday notice, the country’s Personal Information Protection Commission (PIPC) said that its investigation into Bithumb found that the exchange had “transferred personal information overseas…