News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Enhanced liquidity does not necessarily indicate a bullish crypto market.
Quick Take World Liberty Financial plans to roll out its own debit card “very soon,” with Apple Pay integration linked to its USD1 stablecoin, the project’s co-founder Zak Folkman said. Patrick Witt, the executive director of the White House Council of Advisors on Digital Assets, said he expects a sweeping crypto market structure bill to pass before the end of 2025.
Quick Take The combined company will hold nearly 11,000 BTC once finalized, making it the 12th-biggest public-traded corporate bitcoin treasury. The deal could position Strive as the sector’s “consolidator of choice,” according to Benchmark analysts.
Quick Take Crypto’s rich list now comprises 36 billionaires and 241,700 millionaires, according to a new wealth report. The number of crypto millionaires has increased by 40% year-over-year, primarily driven by bitcoin investors, with global adoption now estimated to reach 590 million people.
UXLINK reported a multi-sig wallet breach, but the bigger twist is the hacker got scammed and lost $48 million to a phishing scam.
Quick Take Tether is said to be in talks with investors to raise as much as $20 billion at around a $500 billion valuation, according to a report from Bloomberg. Cantor Fitzgerald, said to be a Tether shareholder, is advising the potential deal, the report said.
Quick Take Australia-based Fitell Corporation has secured a $100 million “financing facility” to accumulate Solana as part of its new digital asset treasury strategy. The company has been operating as a provider of fitness equipment and health solutions.
Ripple’s launch of its RLUSD stablecoin and the debut of U.S.-based XRP ETFs are expected to drive a significant rebound in XRP’s transaction volume.
- 16:171inch: $12 billion in DeFi liquidity remains idle, with 95% of funds unusedJinse Finance reported that a report released by 1inch shows that 83%-95% of liquidity in major decentralized finance (DeFi) pools such as Uniswap and Curve is idle, with billions of dollars in funds not generating fee income or any returns. This inefficiency particularly affects retail liquidity providers: 50% of retail users have suffered losses due to impermanent loss, with total net losses exceeding $60 million. 1inch proposes to address this issue through its Aqua protocol—which allows DeFi applications to share a unified liquidity pool, aiming to optimize liquidity utilization, reduce capital fragmentation, and increase returns for liquidity providers.
- 16:11Solana co-founder toly: The core role of Layer 1 is only to minimize structural advantages as much as possibleJinse Finance reported that Solana co-founder toly stated on the X platform that the core function of Layer 1 is merely to minimize structural advantages. Even if one competitor holds 95% of the market share, as long as it cannot prevent the remaining 5% from capturing market share with a better product, it does not matter.
- 16:05Spot Solana ETF saw a net inflow of $127.9 million in the past weekJinse Finance reported that SolanaFloor posted on X that the spot Solana ETF saw a net inflow of $127.9 million over the past week, with a cumulative net inflow reaching $510 million. Among them, Bitwise's spot Solana ETF BSOL had an inflow of $86.3 million, surpassing the total of all other Solana ETFs combined.