S&P Global Ratings downgraded Tether’s USDt to its lowest stability rating, raising concerns over its dollar peg. Tether classified the report as “misleading.”
Fiat currency inflation, US dollar shortages, and global competition are prompting the government to integrate cryptocurrencies.
Despite Ether’s drop below $3,000, data suggested that ETH price could see a sustained recovery over the next few weeks, as long as the $2,800 support level held.
Santiago Roel Santos argues that crypto lacks true network effects and is overpriced as a result, but other experts counter that L1 network effects are present.
Polygon’s co-founder says even small merchants and drivers recognized MATIC, but many now struggle to locate POL after the token’s rebrand.
The Trump family-backed WLFI purchased nearly $8 million worth of tokens, aiming to mitigate the downtrend of the token by artificially reducing the outstanding supply.
Naver Financial plans to acquire Dunamu in a $10.3 billion stock-swap deal, issuing 87.56 million new shares and making the crypto giant a wholly owned subsidiary.
Bubblemaps shared blockchain data indicating that team-related wallets had purchased 30% of the token supply, but Edel’s co-founder said the acquisition was part of its token rollout plans.
Spain’s Sumar party wants to raise crypto taxes to 47%, classify all digital assets as seizable and introduce a “risk traffic light” system.
The ability to freeze assets and unwind transactions was a key consideration when selecting the blockchain for the pilot, according to Mike Villano from US Bank.