Tether’s market cap surges post-SVB collapse, driven by liquidity and accessibility, says ITB’s Vincent Maliepaard.
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Bitcoin Peaks at $69,404 as Short Liquidations Surpass $27M
The price of bitcoin (BTC) increased by 1.9% over the past day, peaking at an intraday high of $69,404 around 9 a.m. EDT on Saturday.
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Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth
The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the
Read morePayment platform Mercuryo integrates crypto on-ramp with Indonesian banks
Mercuryo integrates crypto on-ramp solutions in Indonesia, enabling users to convert their Indonesian Rupiah into 40 digital tokens, including BTC, ETH, and USDT.
Read moreCrypto Biz: Tether to track USDT usage, Cipher gets takeover offer, and more
This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.
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Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth
While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest
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