Tag: Doge

Tether Reclassifies USDT on Older Networks as “Unsupported”

Tether is making a change to how it handles USDT on some of the older blockchains it once supported. Instead of freezing these tokens, the company is marking them as “unsupported.” This applies to networks like Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Transfers Will Still Work...
Read More

EtherFi Channels $500 Million Into Bitfinex-Backed Plasma

Plasma is gathering serious traction in the DeFi space. Backed by Bitfinex, the stablecoin-focused Layer 2 just landed a major partner. EtherFi, the leading liquid restaking platform, is integrating its $500 million ETH vault directly into Plasma. This positions the network for a strong launch and gives users immediate...
Read More

DeFi vs. CEX? CZ Says the Winner Is Clear – and It’s Not Centralization

At the recent BNBDay event in Tokyo, Binance founder Changpeng “CZ” Zhao said decentralized exchanges (DEXs) will eventually surpass their centralized counterparts (CEXs) in trading volume. CZ noted that while CEXs currently dominate the market due to their liquidity and user-friendly experience, the momentum is shifting toward decentralized finance...
Read More

Are ETFs Taking Over Bitcoin Trading Volume? Data Says No

On-chain data shows exchanges are still the main venue of Bitcoin trading, with Binance alone observing volume double that of the spot ETFs. US Bitcoin Spot ETFs Still Account For Just 13% Of Trading Volume In a new post on X, on-chain analytics firm CryptoQuant has talked about how...
Read More

CoinShares Reports $32.4 Million Net Profit in Q2, What’s Behind The Gains?

European crypto asset manager CoinShares has released its second-quarter results, showing a net profit of $32.4 million. The figure, while slightly down 5.3% from the prior quarter, represents a 1.9% increase year-over-year, supported by growing management fees, improved treasury performance, and strong momentum in physically backed products. The company...
Read More