Crypto News
Bitcoin Retreats as Inflation Climbs
Cracks in the U.S. economy from its aggressive tariff policies may finally be starting to show after inflation climbed 0.3% in June. Bitcoin tumbled on the news. Inflation Spikes and Bitcoin Loses Ground The impact of U.S. President Donald Trump’s tariffs may finally be showing after the U.S Bureau of Labor Statistics (BLS) reported onSource link
Stablecoins May Reshape U.S. Treasury Market at $750B Threshold, Standard Chartered Says
The stablecoin market could start reshaping traditional finance if it grows to about $750 billion, according to Geoff Kendrick, Standard Chartered’s head of digital assets research.Kendrick, writing in a note Tuesday after a week-long trip through Washington, New York and Boston, said there’s a growing consensus among crypto industry players, fund managers and policymakers that this $750 billion mark would be the tipping point where stablecoins begin to influence government debt issuance, monetary policy and the structure of U.S. Treasury markets through sheer demand.The current stablecoin market stands at about $240 billion. But Kendrick’s contacts expect it could more than triple by the end of 2026, driven by broadening use and regulatory clarity, particularly if the bipartisan GENIUS Act becomes...
Pump.fun Token Tops $2 Billion in Market Cap Following Massive ICO—But It Hasn’t Caught Bonk Yet
Most public sale participants either sold or transferred their PUMP tokens on its first day, following Pump.fun’s massive ICO.Source link
Sui Launches SuiHub Lagos to Boost Blockchain Innovation in Africa
Sui has inaugurated SuiHub Lagos, a new community-led space aimed at fostering blockchain innovation in Africa's burgeoning tech market. (Read More)Source link
SharpLink Gaming Overtakes Ethereum Foundation as Largest Corporate Holder of ETH
SharpLink Gaming (SBET), the Nasdaq-listed firm with a crypto treasury strategy centered on ether ETH, on Tuesday said it has become the largest corporate holder of the asset with 280,706 ETH worth roughly $840 million at current prices.The firm raised $413 million via the issuance of over 24 million shares between July 7 and July 11, according to a press release. It purchased a total of 74,656 ETH over the past week at an average price of $2,852 each.Roughly $257 million of that fundraising remained for future ETH acquisitions, the firm said.SBET shares were trading 5% higher in U.S. action on Tuesday even as ETH slipped modestly to $2,990. The stock has risen roughly six-fold since the ETH treasury pivot...