The Solana-native token is backed by USDtb and USDC and is designed to serve as a settlement asset across Jupiter’s DeFi stack. Jupiter, a Solana-based DeFi protocol and trading platform, has launched JupUSD, a dollar-pegged stablecoin issued natively on Solana and developed in partnership with Ethena Labs. In an X post on Monday, Jupiter said 90% of the stablecoin’s reserves will initially be held in USDtb, a licensed stablecoin collateralized by shares of BUIDL, BlackRock’s tokenized money-market fund. The remaining 10% will be held in USDC as a liquidity buffer, with a secondary pool on Meteora. In an announcement shared with Cointelegraph, Jupiter said that JupUSD is issued as an SPL token, Solana’s standard token format, allowing it to integrate across Solana-based applications. The reserves are custodied by Porto through Anchorage Digital and verifiable onchain. Read more
The former CFTC commissioner and Donald Trump’s first pick to chair the agency will join investment company SUI Group's board and support the company’s treasury strategy. US President Donald Trump’s former pick to chair the Commodity Futures Trading Commission (CFTC) has joined the SUI Group’s board of directors. In a Tuesday notice, the SUI Group said former CFTC Commissioner Brian Quintenz’s appointment to its board would strengthen its “regulatory and policy leadership” amid the company’s digital asset treasury strategy. The company reported holding 107,743,979 Sui (SUI), worth about $200 million at the time of publication, as of the third quarter of 2025. Quintenz served as a CFTC commissioner under Trump from 2017 to 2021 and later as the global head of policy for a16z crypto. He joined the board of directors for prediction market platform Kalshi in 2021, and worked as an adviser to cryptocurrency exchange Crypto.com from 2021 to 2022. Read more
Bitcoin’s liquidation map is still heavily biased toward downside liquidity, but a swift rally to $100,000 could quickly turn the tables in the bulls’ favor. Bitcoin’s (BTC) sharp 7.4% rebound kick-started the first week of January and has shifted markets’ focus back to futures positioning, where liquidation data suggests the price action may be asymmetric. Key takeaways: Over $10.6 billion in long liquidations sit below $84,000, versus just $2 billion in shorts above $104,000. Read more
The midterm elections in November could cause some Senate Democrats to withhold support for the Responsible Financial Innovation Act due to conflict of interest concerns. Investment bank TD Cowen reportedly warned that the 2026 midterm elections in the United States could pull support needed to pass a digital asset market structure bill under consideration in the Senate. According to reports, TD Cowen’s Washington Research Group said on Monday that the market structure bill, named the CLARITY Act when passed by the US House of Representatives in July but called the Responsible Financial Innovation Act in the Senate, was more likely to pass Congress in 2027, with final implementation potentially in 2029. According to the investment bank, Senate Democrats could withhold support for the bill with elections that could potentially change the balance of power in Congress, currently favoring Republicans. The lawmakers could delay or stall on the bill until after the midterms, after which time another party may be in...
ETH’s price chart shows a confirmed double bottom pattern with a $3,900 price target. Here are the necessary factors to make it happen. Ether’s (ETH) 10% rise in January has refocused analysts’ attention on the daily chart, where the price structure points to higher prices but only if a key daily trend is reclaimed. Key takeaways: Ether is close to completing a daily double bottom targeting the $3,900 level. Read more
The stablecoin issuer says its Scudo unit could make gold easier to transact digitally as prices surge and institutional demand accelerates. Tether has introduced a new unit of account tied to its digital gold token, XAUT, in a move aimed at lowering barriers to fractional gold ownership at a time when institutional investors and central banks are accumulating the precious metal at record levels. On Tuesday, the stablecoin issuer unveiled Scudo, a unit of account representing one-thousandth of a troy ounce of gold. Each Scudo corresponds to 1/1,000 of an XAUT token, Tether’s gold-backed asset. XAUT is supported by more than 1,300 gold bars held in custody and currently has a market capitalization of roughly $2.3 billion, according to Tether. Read more