Tether and Circle built their businesses by keeping the interest on the dollars behind their coins. A new kind of stablecoin, run and owned by a group instead of a single company, shares that money instead. Here is how the consortium model works and why it is spreading. Summary A consortium stablecoin is a fiat-backed…
In crypto news today (July 2), Bitcoin is sitting at $58,600, down another -1.2% over the past 24 hours as July continues to lean bearish for crypto. However, there was a brief rally overnight, which caused daily liquidations to spike to $448M, with $265M of that figure coming from short positions, highlighting that overleveraged bears…
Bitcoin was sold as digital gold, an uncorrelated hedge that would hold up when markets broke. In 2026 it fell roughly 50% alongside the Nasdaq while gold hit record highs. So what is Bitcoin now, and did the hedge thesis ever survive contact with Wall Street? Summary Bitcoin has spent 2026 moving with the Nasdaq…
Metaplanet added 2,823 BTC to its Bitcoin treasury on July 2, lifting total holdings to exactly 43,000 BTC, while its Bitcoin Income Generation business posted a -41% quarter-over-quarter revenue decline, putting a different kind of pressure on the Tokyo-listed firm’s growth story. The Japan-based firm is doubling down on its Bitcoin accumulation strategy, even as…
Bitcoin managed to bounce from yesterday’s lows, while the majority of large-cap altcoins also turned green despite continued ETF outflow concerns. Bitcoin’s price was able to return above $60,000 today following a volatile 24 hours that saw the asset drop towards $58,300 before staging a recovery. At the time of this writing, BTC trades…
HashKey Capital has announced the upcoming launch of what it calls the industry’s first Bitcoin Hashrate Fund. Summary HashKey Capital says its Bitcoin Hashrate Fund will target professional investors seeking BTC-denominated yield access. BITMAIN will provide computing power services but will not manage, market, or distribute the fund. The product arrives as Bitcoin mining economics…
FBI Director Kash Patel has disclosed a previously unreported purchase of between $100,001 and $250,000 in Strategy stock months after the legal filing deadline, prompting renewed scrutiny over compliance with federal ethics rules. Summary FBI Director Kash Patel disclosed a six figure Strategy stock purchase months after the reporting deadline required under the STOCK Act….
Tether has frozen USDT balances in 131 TRON wallets linked to ISIS-K after U.S. sanctions officials added more than 100 crypto identifiers tied to the group. Summary Tether froze USDT balances across 131 ISIS-K-linked TRON wallets after OFAC updated its sanctions identifiers. Chainalysis said the TRON wallets received over $1.4 million and sent over $880,000…
A closer look at the latest and most important developments surrounding Ripple and XRP. Ripple remains one of the most discussed subjects in the crypto space as the company continues to advance its ecosystem and participate in major initiatives. However, XRP has faced heavy pressure in the extended bear market, struggling to maintain momentum…
Bitcoin has climbed back above $60,000 after Federal Reserve Chair Kevin Warsh declined to signal the direction of future interest rate decisions during an ECB policy discussion. Summary Bitcoin rebounded above $60,000 after Fed Chair Kevin Warsh declined to signal the future path of interest rates. CME FedWatch shows markets still expect rates to remain…
