CryptoSlate

Found 577 news

  • Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand
    CryptoSlate - 23:15 Jul 11, 2025
    Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks. The decision comes as part of what the company […] The post Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand appeared first on CryptoSlate.
  • NFT-related tokens soar in Q2, with PENGU leading despite decline in trading volumes
    CryptoSlate - 22:34 Jul 11, 2025
    NFT-related tokens delivered the strongest sector performance in the second quarter, gaining an average of 55.4% even as dollar-denominated NFT trading volume fell to multi-year lows. Artemis data shows that the average gains from NFT-related tokens surpassed the second-best performance, which was Ethereum’s (ETH) 37.2%, by nearly 50%. Pudgy Penguins’ PENGU token accounted for much […] The post NFT-related tokens soar in Q2, with PENGU leading despite decline in trading volumes appeared first on CryptoSlate.
  • Binance allegedly wrote the code for WLFI’s stablecoin USD1
    CryptoSlate - 21:38 Jul 11, 2025
    Former Binance CEO Changpeng Zhao allegedly supported crypto projects tied to the Trump family while privately seeking a presidential pardon, according to a July 11 Bloomberg News report. The report claimed that Binance wrote the foundational smart contract code for USD1, a stablecoin issued by World Liberty Financial, a company affiliated with President Donald Trump. […] The post Binance allegedly wrote the code for WLFI’s stablecoin USD1 appeared first on CryptoSlate.
  • BlackRock’s IBIT vaults over $80B in assets, breaks ETF speed record
    CryptoSlate - 20:00 Jul 11, 2025
    BlackRock’s iShares Bitcoin Trust (IBIT) crossed $80 billion in assets under management on July 10, becoming the fastest exchange-traded fund (ETF) to reach the threshold in 374 trading days. Bloomberg senior ETF analyst Eric Balchunas noted on X that IBIT outperformed the Vanguard S&P 500 ETF (VOO), which took 1,814 days to accumulate the same […] The post BlackRock’s IBIT vaults over $80B in assets, breaks ETF speed record appeared first on CryptoSlate.
  • Altcoins roar as Bitcoin hits new all-time highs, Cardano and XRP surge over 10%
    CryptoSlate - 19:10 Jul 11, 2025
    Bitcoin (BTC) registered a new all-time high of $118,287.46 on July 11 and is up 3.3% in the past 24 hours, but major altcoins are leading the gains during the same period. Ethereum (ETH) breached the $3,000 threshold for the first time since Feb. 2, and is currently trading at $2,987.55 as of press time, […] The post Altcoins roar as Bitcoin hits new all-time highs, Cardano and XRP surge over 10% appeared first on CryptoSlate.
  • Grayscale pushes back on SEC’s decision to stay ETF conversion
    CryptoSlate - 18:15 Jul 11, 2025
    Grayscale Asset Management has questioned the US Securities and Exchange Commission (SEC) decision to issue a stay on the application to convert the Digital Large Cap Fund (DLCF) into an exchange-traded fund (ETF). In a July 8 letter, Grayscale’s legal team argued that the SEC exceeded its authority, as the application had already been approved […] The post Grayscale pushes back on SEC’s decision to stay ETF conversion appeared first on CryptoSlate.
  • Ethereum advances toward censorship-resistant scaling with zkEVM layer-1 shift
    CryptoSlate - 14:23 Jul 11, 2025
    Ethereum is advancing its long-term scalability strategy with a substantial technical shift to integrate the zero-knowledge Ethereum Virtual Machine (zkEVM) into the layer-1 blockchain. On July 10, Sophia Gold, an Ethereum Foundation developer, stated that the foundation aims to ship the L1 zkEVM within a year, marking a critical evolution in Ethereum’s pursuit of efficient, […] The post Ethereum advances toward censorship-resistant scaling with zkEVM layer-1 shift appeared first on CryptoSlate.
    Tags: Ethereum
  • Ethereum futures volume surpasses Bitcoin for first time amid 5 month high
    CryptoSlate - 13:46 Jul 11, 2025
    Ethereum’s daily futures trading volume exceeded Bitcoin’s for the first time on July 10, a landmark development that coincided with the asset’s price testing the $3,000 level. The technical flip in the derivatives market indicates a potential shift in trader sentiment and capital allocation, lending credence to narratives of a changing market structure. Data from […] The post Ethereum futures volume surpasses Bitcoin for first time amid 5 month high appeared first on CryptoSlate.
  • Ethereum Foundation denies selling assets amid ETH’s climb past $3,000
    CryptoSlate - 12:18 Jul 11, 2025
    Ethereum has surged past the $3,000 mark for the first time since February, riding on the renewed momentum sweeping across the broader crypto market. According to CryptoSlate data, ETH’s price peaked at $3,033 during the last 24 hours amid a 9% increase. However, its value has slightly retraced to $2,991 as of press time. This […] The post Ethereum Foundation denies selling assets amid ETH’s climb past $3,000 appeared first on CryptoSlate.
  • Bitcoin ETFs see record $1.2B inflow as market hits all-time high in dollars
    CryptoSlate - 10:42 Jul 11, 2025
    US-based spot Bitcoin ETFs saw a dramatic uptick in investor activity as the top crypto price reached a new all-time high of over $118,000, at least in dollars. According to SoSoValue data, the 12 funds saw cumulative inflows of $1.2 billion, the second strongest daily performance since launch in 2024, and the best this year. […] The post Bitcoin ETFs see record $1.2B inflow as market hits all-time high in dollars appeared first on CryptoSlate.
  • Ethena rockets to $290 million in revenue, seeks SEC clarity on USDe
    CryptoSlate - 01:00 Jul 11, 2025
    Ethena Labs reached $290.2 million in total protocol revenue on July 9, trailing only Tether, Circle, and Sky among stablecoin issuers.  Token Terminal data show that the stablecoin issuer reached $100 million in cumulative revenue 251 days after its launch, making it the second-fastest protocol to cross this threshold. Daily fees averaged $3.1 million during […] The post Ethena rockets to $290 million in revenue, seeks SEC clarity on USDe appeared first on CryptoSlate.
  • Shareholders push back against high pay for public Bitcoin miner execs after record equity grants
    CryptoSlate - 00:00 Jul 11, 2025
    Shareholders trimmed support for executive pay packages at leading US Bitcoin (BTC) miners to an average of 64% in this year’s proxy season, far below the over 90% approval norm across the S&P 500, according to a July 10 VanEck research note.  VanEck reviewed filings from eight listed miners and found average named-executive-officer (NEO) compensation […] The post Shareholders push back against high pay for public Bitcoin miner execs after record equity grants appeared first on CryptoSlate.
  • Robinhood launches ETH, SOL staking services for US users with $1 minimum
    CryptoSlate - 23:45 Jul 10, 2025
    Robinhood launched Ethereum (ETH) and Solana (SOL) staking services for U.S. customers on July 10, enabling users to earn staking rewards on their crypto holdings with as little as $1. The new feature expands Robinhood’s staking offerings beyond Europe, allowing American customers to participate in blockchain validation without directly running validators themselves. For Ethereum, Robinhood […] The post Robinhood launches ETH, SOL staking services for US users with $1 minimum appeared first on CryptoSlate.
  • Tornado Cash co-founder may seek trial delay amid witness dispute
    CryptoSlate - 22:45 Jul 10, 2025
    Tornado Cash co-founder Roman Storm’s lawyers have signaled that they may request a brief delay in his upcoming criminal trial if a judge allows testimony from a hacker who allegedly used the platform, according to July 10 court filings. In a filing with the U.S. District Court for the Southern District of New York, Storm’s […] The post Tornado Cash co-founder may seek trial delay amid witness dispute appeared first on CryptoSlate.
  • Bitcoin climbs to $117k as volatility spikes across markets after compression
    CryptoSlate - 22:00 Jul 10, 2025
    Bitcoin (BTC) on-chain and derivatives markets reflect compressed volatility and a tightening supply while registering new all-time highs, according to Glassnode. A July 10 report indicated that the Accumulation Trend Score has shown steady investor buying since June, with the price remaining within a narrow band. The report came hours ahead of Bitcoin exploding into […] The post Bitcoin climbs to $117k as volatility spikes across markets after compression appeared first on CryptoSlate.
    Tags: Bitcoin
  • Bitcoin treasury adoption up 3x YoY, corporates accumulated 725,000 BTC so far
    CryptoSlate - 21:30 Jul 10, 2025
    Bitcoin (BTC) treasury companies shifted BTC’s spot price by an average of 0.59% per day in 2025, even after adding roughly 725,000 BTC to their balance sheets, according to a July 10 Keyrock research report.  The study measured the price impact using Kyle’s Lambda across all BTC-USDT markets and found that corporate buying seldom moved […] The post Bitcoin treasury adoption up 3x YoY, corporates accumulated 725,000 BTC so far appeared first on CryptoSlate.
    Tags: Bitcoin
  • Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines
    CryptoSlate - 19:56 Jul 10, 2025
    The Beijing Internet Finance Industry Association (BIFA) issued a notice on July 9 urging retail investors to reject pitchbooks that wrap old-style pyramid sales in crypto terminology. According to local news outlets, BIFA said promoters have begun advertising “stablecoin wealth plans,” “Web 3.0 dividends,” and similar offers that promise fixed returns.  The circular listed five […] The post Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines appeared first on CryptoSlate.
  • BIT Mining’s Solana move sparks stock surge to three-year high
    CryptoSlate - 19:15 Jul 10, 2025
    Crypto mining company BIT Mining has strategically moved into the Solana ecosystem, sending its stock to a three-year high. On July 10, the company disclosed its strategic expansion, which includes plans to raise between $200 million and $300 million to establish a strategic Solana reserve. As part of the transition, BIT Mining intends to convert […] The post BIT Mining’s Solana move sparks stock surge to three-year high appeared first on CryptoSlate.
  • Coinbase partners with Perplexity for real-time crypto insights via AI
    CryptoSlate - 18:31 Jul 10, 2025
    Coinbase has announced a new partnership with the AI search platform Perplexity to provide traders direct access to reliable, real-time crypto market data. Coinbase CEO Brian Armstrong shared the update on July 10 via social platform X, confirming that Phase 1 of the integration is now live. According to him, Perplexity is currently ingesting Coinbase’s […] The post Coinbase partners with Perplexity for real-time crypto insights via AI appeared first on CryptoSlate.
  • Bitcoin registers new all-time high above $113,500, short liquidations continue racking up
    CryptoSlate - 17:26 Jul 10, 2025
    Bitcoin (BTC) continued its ascent into price discovery, reaching a new all-time high of over $113,600 on July 10. The move completed a two-day climb from roughly $108,950 late July 8 and eclipsed the previous July 9 peak of $112,000.  Notably, the recent price peak prompted over $50 million in liquidations in less than an […] The post Bitcoin registers new all-time high above $113,500, short liquidations continue racking up appeared first on CryptoSlate.
    Tags: Bitcoin

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