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Circle, a US-based publicly traded crypto firm, has expanded the reach of its USD Coin (USDC) stablecoin to the XRP Ledger (XRPL), adding another blockchain to its growing ecosystem, according to a June 12 statement.
On-chain data shows that around $2 million worth of the asset had been minted on the network as of press time.
This expansion follows Circle’s recent integration of USDC into World...
Two US Democratic Senators are demanding answers from Meta CEO Mark Zuckerberg over reports that the social media giant is exploring a new stablecoin project.
In a letter dated June 11, Senators Elizabeth Warren and Richard Blumenthal asked Zuckerberg to explain Meta’s current ambitions in the digital currency space. The move follows news that the firm is engaging with crypto companies and hiring...
Tether has taken a new step in its long-term strategy of diversifying outside its primary stablecoin issuance business.
On June 12, the USDT stablecoin issuer disclosed that it acquired an equity stake in Elemental Altus Royalties, a firm specializing in gold royalties.
According to the firm, on June 10, it secured 78.4 million common shares from La Mancha Investments. This stake accounts for...
Investor demand for Plasma’s upcoming XPL token continues to soar, with the stablecoin infrastructure platform now securing $1 billion in deposits to support the planned sale.
Plasma confirmed that its revised $1 billion deposit cap was reached in under 30 minutes on June 12, doubling its initial $500 million target.
The firm stated that 2,900 wallets participated in the round, and the median...
Investor demand for Ethereum-backed spot exchange-traded funds (ETFs) is heating up amid the asset’s bullish price moves.
According to data from SoSoValue, spot Ethereum ETFs recorded $240 million in net daily inflows on June 11, their second-highest total for 2025.
BlackRock’s iShares Ethereum Trust (ETHA) led the charge with $160 million inflows, followed by Fidelity’s FETH at $37 million....
A growing share of Bitcoin’s circulating supply is now concentrated in the hands of major institutional players and centralized entities, a new report by Gemini and Glassnode reveals.
According to the findings, over 30% of Bitcoin’s supply is now controlled by just 216 centralized holders across six key categories, including crypto exchanges, ETFs and funds, publicly traded companies, privately...
In the 24 hours between June 11 and 12, the crypto market saw $336.84 in liquidations, with over 114,000 traders rekt as leveraged positions were flushed out across most exchanges.
Nearly 74% of total liquidations came from longs following a sharp intraday correction, most likely driven by a retracement in ETH, which alone accounted for over $113 in forced exits.
Ethereum’s dominance in the...
Approaching deadlines for spot XRP ETF applications from major asset managers, including Grayscale, Franklin Templeton, and Bitwise, are fueling speculation over potential SEC approval, especially in light of Ripple’s proposed legal settlement with the regulator, which still awaits final court approval.
On the prediction platform Polymarket, odds for an approval by 2025 surged to as high as 98%...
While Solana is up just 5% over the past year, global sentiment around the altcoin is bullish due to its potential technical capabilities to outperform its main rivals in performance.
Solana’s Firedancer validator client, expected to leave testnet in 2025, is demonstrating transaction-per-second capabilities exceeding one million in test environments, a development aimed at solving core...
Ripple CEO Brad Garlinghouse believes XRP could soon take a meaningful slice of the global payments sector.
In a recent video shared on X, Garlinghouse projected that XRP might capture as much as 14% of the volume currently processed through Society for Worldwide Interbank Financial Telecommunication (SWIFT) within the next five years.
He argued that the liquidity component of the SWIFT network...