BitGo Cuts 15% of Workforce to Focus on Stablecoins and AI

BitGo Holdings, one of the crypto industry’s most prominent custody and infrastructure firms, has reduced its workforce by nearly 15% as the company restructures around stablecoins, settlement, trading, security, and AI-powered infrastructure. The announcement, made by CEO and co-founder Mike Belshe on June 25, was simultaneously filed with the U.S. Securities and Exchange Commission via…

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Tether’s USDT Flips Ether in Market Cap as Stablecoin Climbs to $186 Billion

Key Takeaways USDT briefly passed ether by market cap at about $186.06B versus $185.66B, the first time in roughly 8 years. Tether’s issuance-driven growth met a falling ether price near $1,500, closing a gap that had narrowed for months. Ether subsequently reclaimed second place as prices firmed, but USDT’s continued rise reflects stablecoins’ growing dominance…

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Security, regulation, and account types

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A review of XS CFD Broker examines how regulated trading platforms support users from beginner to advanced levels through evolving account features. Summary XS.com review highlights regulated multi-asset trading with demo accounts, fast funding,…

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Aave Founder Kulechov Dismisses Rumors of Selling AAVE at a 70% Discount, Teases Aavenomics 3.0

Stani Kulechov, founder of Aave — the largest decentralized lending protocol on Ethereum — has publicly dismissed reports that Aave Labs is in talks to sell a significant AAVE token allocation to Kraken’s parent company Payward at a steep discount to market value. While stopping short of denying that strategic partnership discussions are underway, Kulechov…

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Bitcoin Price Could Flash Crash to $50,000 This Weekend: Don’t Get Scared Now

Bitcoin news today: price crashed to $58,100 on Thursday, its lowest level since September 2024, after a hotter-than-expected inflation reading effectively buried near-term Federal Reserve rate-cut expectations and triggered more than $1.26Bn in crypto liquidations across 209,000 traders. The selloff was sharp enough to reprice prediction markets overnight: on Polymarket, a decentralized prediction platform where…

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Polymarket says hackers stole users’ funds

Prediction market giant Polymarket confirmed that hackers stole funds from an unspecified number of users after a third-party breach. In an X post on Thursday, Polymarket said that a compromise at a third-party vendor allowed hackers to inject malicious code into its website “for some users.” The company said it has “contained” the incident and…

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Ripple is becoming a bank. What it means for XRP

A conditional national trust bank charter, a pending Federal Reserve master account, and a string of acquisitions in brokerage, payments, and treasury. Ripple is assembling a full regulated-finance stack. The benefits flow first to its stablecoin and the company itself. What is left for XRP is the question. Summary Ripple has assembled a full regulated-finance…

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