In brief


$109,172.00
0.66%$2,659.48
3.26%$2.38
3.91%$662.89
0.60%$154.37
2.71%$0.999839
-0.01%$0.287575
0.44%$0.173343
1.98%$2,657.01
3.14%$0.610979
4.89%$108,914.00
0.54%$39.15
3.65%$3,208.75
3.60%$2.96
2.81%$506.10
0.52%$14.01
3.37%$0.29237
15.23%$9.04
-0.37%$18.62
3.19%$0.999683
-0.01%$0.1701
6.98%$0.00001213
2.52%$2,845.01
3.12%$2.82
2.16%$2,658.03
3.14%$88.67
2.34%$46.24
3.08%$1.00
0.06%$321.48
2.92%$109,018.00
0.51%$3.54
4.38%$1.001
0.00%$4.35
1.09%$8.20
7.69%$297.75
4.27%$0.00001033
3.05%$0.463662
1.17%$1.18
0.04%$327.52
2.69%$0.095767
1.46%$4.54
3.40%$48.30
0.72%$1.00
0.00%$2.28
4.61%$187.56
2.72%$4.95
3.78%$17.18
3.03%$0.816537
3.01%$1.058
0.01%$0.999798
0.00%$0.079285
4.63%$0.589223
3.23%$4.22
3.40%$4.45
0.18%$15.93
2.57%$0.02179108
6.21%$0.200772
7.12%$0.677851
1.54%$8.75
2.41%$0.270389
6.38%$0.080259
1.48%$3.26
3.36%$0.338684
1.17%$0.188229
6.79%$108,886.00
0.37%$2,661.82
3.33%$2.36
3.24%$108.74
1.47%$0.00002034
-7.14%$4.55
1.33%$0.877151
1.58%$0.267508
5.99%$0.999693
-0.00%$163.48
2.64%$0.998657
0.03%$11.08
0.00%$0.999999
0.01%$0.446042
3.86%$1.43
9.67%$2,785.52
3.09%$3,029.14
3.21%$1.22
0.22%$1.64
3.79%$0.01596243
-0.42%$0.999919
0.00%$1.07
2.22%$0.064722
-0.64%$13.08
-9.98%$10.56
1.59%$0.66301
2.28%$2,835.12
3.04%$2,791.68
3.13%$0.999888
0.00%$109,087.00
0.98%$0.307702
2.54%$0.55804
3.65%$1.48
2.00%$1.11
0.00%$3,315.91
0.22%$0.01456139
-3.58%$108,777.00
0.41%$2,802.98
3.21%$0.999426
-0.07%$662.87
0.56%$0.149501
0.35%$0.00008978
0.58%$0.087722
4.84%$0.867286
2.67%$3.02
-1.86%$110,403.00
0.02%$3,308.33
0.21%$0.511733
2.35%$173.17
2.71%$0.428815
3.01%$2.31
2.11%$2,871.36
3.15%$201.69
2.66%$0.548241
7.83%$0.716041
4.32%$111.72
0.01%$10.74
0.01%$0.998109
-0.01%$0.747797
4.95%$0.01481106
4.49%$2.45
10.43%$0.167269
6.03%$1.87
1.39%$19.39
3.88%$1.091
0.08%$39.11
-7.62%$0.258144
5.19%$0.00000062
1.98%$0.01253942
3.20%$0.7129
3.55%$0.230763
2.11%$3.66
8.94%$2,660.78
3.28%$39.16
3.68%$0.10207
5.67%$0.997906
0.01%$2,838.24
3.19%$108,973.00
1.21%$0.548427
3.49%$0.415777
4.29%$0.00858092
-0.03%$108,930.00
0.57%$2,656.95
3.12%$2,788.53
2.30%$0.343208
4.62%$0.994899
0.13%$0.509681
2.20%$0.275081
3.39%$109,162.00
0.59%$0.50065
2.10%$0.999849
0.02%$24.94
1.14%$2,658.00
3.09%$0.99694
-0.08%$0.613946
2.11%$1.37
2.69%$0.01380147
-0.42%$1.47
7.07%$0.999804
-0.01%$0.22241
-1.47%$39.14
3.62%$0.04503509
5.11%$0.173458
1.94%$7.76
0.43%$0.999905
-0.04%$0.00000113
7.33%$0.061246
0.74%$0.00000044
0.22%$0.00434167
-0.13%$0.398954
0.63%$2.32
2.29%$0.00728743
4.78%$0.11678
4.55%$2,825.76
3.16%$0.262236
26.72%$0.545867
3.91%$1.093
0.01%$0.994221
0.81%$42.83
5.94%$5.69
4.60%$13.84
3.34%$0.997475
-0.06%$0.075687
2.18%$0.144914
-2.52%$0.00001893
2.50%$2,656.09
3.35%$0.313743
2.42%$0.147134
4.12%$0.999962
-0.00%$0.511166
2.56%$109,045.00
0.61%$2.20
3.17%$1.17
3.76%$2,933.26
3.23%$0.969547
4.52%$0.363476
3.39%$0.00388228
4.17%$0.03664676
4.12%$5.39
6.94%$2,905.37
3.15%$1.46
0.33%$0.03460267
0.56%$2,659.82
3.22%$20.62
1.05%$1.14
-0.35%$0.04679426
3.93%$109,154.00
0.67%$0.01727102
0.16%$0.00626886
3.96%$0.328255
4.50%$0.999843
0.01%$0.491208
3.09%$2,656.36
3.14%$168.57
2.61%$0.00005848
3.70%$0.999025
-0.00%$1.001
-0.00%$0.999437
-0.01%$0.309066
-2.30%$0.681519
3.82%$0.066043
3.28%$10.41
0.82%$0.757274
12.01%$114.97
2.06%$3,218.28
3.15%$1.10
3.77%$0.708459
1.02%$0.998931
-0.12%$0.29934
5.92%$0.200671
7.06%$0.00341309
0.87%$0.20608
2.72%$18.61
2.98%$1.019
-0.00%$0.00329559
34.45%$1.21
-0.02%$106,468.00
-0.94%$14.73
15.49%$0.275976
23.30%$0.603528
2.18%$109,075.00
1.32%$0.00000135
-0.12%$2,192.24
0.66%$1.67
0.41%Reading
On Monday, the total number of daily transactions that involved Ethereum-based Tether (USDT), the most used stablecoin in the cryptosphere, has reached a new all-time high. According to Etherscan, 208,107 transactions were made, worth $1.2 billion, within a span of 24 hours.
As Decrypt reported on May 23, nearly $5 billion in Tethers were issued since January, possibly signifying the low levels of actual dollars circulating in the Bitcoin ecosystem, according to Nicholas Weaver, a researcher at the International Computer Science Institute in Berkeley.
By design, each USDT is supposed to be backed by a real $1 held by Tether Limited, the company behind the stablecoin. But in the past Tether has revealed that it’s holdings were only 74% backed, and that each USDT is now backed by its reserves, which are made up of both cash and various investments. The reserves have never been audited.
Tether is also available on other blockchains, including Bitcoin (via the omni network), Tron and Algorand.
According to Etherscan, USDT’s historic trading volumes began to sharply spike in September 2019, reaching 188,621 daily transactions at the month’s peak—worth roughly $620 million in USDT.
If this trend continues, Tether may very well significantly surpass its records of 2019, when the stablecoin was used to transfer roughly $212 billion of value during the year.
Just recently, the stablecoin also outranked Ripple’s XRP among the top ten cryptocurrencies by market capitalization, taking the third place with its market cap of roughly $8.8 billion, according to CoinMarketCap.
Yet, the gap between the two is still relatively small by the industry’s standards—around $200 million—so XRP may still reclaim its place among “the big three” in the near future. That's if it can solve its inflation issues.
Popular Solana token launchpad Pump.fun confirmed the launch of its PUMP token via an initial coin offering on July 12, with an airdrop to follow. However, United States and United Kingdom citizens will not be able to participate in the token sale. After completing KYC, or know-your-customer, verification, users will be able to participate in the token sale on July 12 at 2 p.m. UTC, via the Pump.fun site, Bybit, Kraken, Bitget, MEXC, KuCoin, and Gate.io. The sale will finish on July 15, or once...
BNY Mellon will safeguard funds backing Ripple Labs’ RLUSD, serving as the XRP-linked stablecoin’s primary custodian, according to a press release. The bank, which manages $43 trillion in assets, described RLUSD as distinct compared to most consumer-facing stablecoins. Ripple’s product, which debuted late last year, has been “purpose-built for enterprise utility,” with institutions’ needs in mind, BNY Melon said. With a market capitalization of $500 million, RLUSD is much smaller than Tether’s $...
X CEO Linda Yaccarino is stepping down from her post, one day after the platform’s artificial intelligence chatbot Grok took on an antisemitic persona and started calling itself “MechaHitler.” Yaccarino served two years in the role after being hired by owner Elon Musk. “When Elon Musk and I first spoke of his vision for X, I knew it would be the opportunity of a lifetime to carry out the extraordinary mission of this company,” Yaccarino posted on X. “I’m immensely grateful to him for entrusting...