Crypto News

In its latest Latam report, Dune found that stablecoins have taken root in the region, growing to become one of the financial backbones of the crypto economy. Latam has an appetite for stablecoins, be it in implementation by companies and institutions or in adoption by users. Dune Report Shows Stablecoins Reign Supreme in Latam StablecoinsSource link

Meme token climbs to $0.24 peak with volume nearly doubling monthly averages, signaling institutional activity behind the rally.News Background• The Federal Reserve signaled a softer stance on crypto banking rules, while Wyoming launched the first state-backed stablecoin. Both developments lifted sentiment around digital assets.• Trump-linked entity Thumzup completed a $50 million acquisition of Dogecoin mining firm Dogehash, forming what executives claim is the largest DOGE mining operation.• SoFi became the first U.S. banking institution to integrate Bitcoin’s Lightning Network for remittances, reinforcing broader institutional adoption of crypto infrastructure.• Whale wallets accumulated 680 million DOGE tokens through August, cementing rising institutional flows despite retail-driven volatility.Price Action Summary• DOGE rallied 8% in the Aug. 22–23 session, climbing from $0.22 to $0.24 in...

VanEck's TruSector ETFs aim to enhance asset allocation by offering full market-cap sector exposure, aligning closely with sector benchmarks for improved precision. (Read More)Source link

Federal Judge Jennifer Rochon lifted a temporary restraining order on nearly $58 million in USDC that were linked to the proceedings of the sale of Libra, a token made prominent by Argentina’s President Javier Milei promoting it on social media. Libra Funds Unlocked: Federal Judge Opens $58M for Transacting The class-action lawsuit by affected entitiesSource link

Ethereum’s breakout past $4,800 triggered nearly $388 million in liquidations tied to the token in the past 24 hours, data shows, marking the heaviest flush across all crypto assets.The wipeout was part of $769 million liquidated marketwide, with over 183,000 traders forced out of positions. The single biggest hit was a $10 million ETH swap order on OKX, an unusually high figure for the token, which is often second to bitcoin-based positions.Liquidations serve as a stark reminder of how fragile positioning can be in the crypto market. When traders pile in with leverage and the market moves against them, exchanges step in and automatically close those bets.A flush of long liquidations can reset the market for a cleaner bounce, while...