The purchase comes as the stablecoin issuer expands its investments across crypto infrastructure and financial services, including in Kaio, also announced today. Tether has taken an 8.2% stake in Antalpha, making the stablecoin issuer one of the company’s largest shareholders following its May 2025 initial public offering (IPO), according to a Monday filing. The Schedule 13D filing with the US Securities and Exchange Commission indicates that Tether now holds 1.95 million shares through related entities, with Giancarlo Devasini, chairman of Tether, sharing voting and dispositive power over the position. The filing also states that Tether and its related entities may increase or reduce their holdings over time depending on market conditions and other factors. Read more
ETH price rising to $2,400 drove whales to open large ETH long bets, as technical indicators suggest a short-term ETH price rally toward $3,000. An Ethereum whale has opened a significant long position on Ether (ETH) worth $90.8 million, in what looks like a bold bet that the upside is not over for the top altcoin. Key takeaways: Ethereum whale opened a leveraged long position totaling $90.8 million. Read more
Bitcoin bulls avoided a correction as US markets opened, but analysis warned that Strategy was responsible for much of the latest BTC price strength. Bitcoin (BTC) erased losses after Monday’s Wall Street open as markets largely shrugged off the return of the US-Iran war. Key points: Bitcoin joins stocks in a muted reaction to the latest US-Iran deterioration and closure of the Strait of Hormuz. Read more