The post Tether’s Strategic $2.5 Billion Move: What Does It Mean for the Crypto World? appeared on BitcoinEthereumNews.com.
In a pivotal financial maneuver, Tether has retracted $2.5 billion worth of USDT from the Ethereum network on July 7. This significant withdrawal represents the largest contraction in USDT supply since February, marking a noteworthy shift in stablecoin market dynamics. Continue Reading:Tether’s Strategic $2.5 Billion Move: What Does It Mean for the Crypto World? Source: https://en.bitcoinhaber.net/tethers-strategic-2-5-billion-move-what-does-it-mean-for-the-crypto-world
The post BitMine Adds $70M in Ethereum (ETH), Nears 5% of Total Supply appeared on BitcoinEthereumNews.com.
Ethereum News Ethereum (ETH) treasury firm BitMine Immersion Technologies added roughly $70 million in ETH over a single 24-hour window, on-chain data shows, pushing its holdings toward a self-imposed target of 5% of the entire circulating supply. The purchase, tracked by wallet analysts, follows the company’s disclosure of 42,197 ETH bought the prior week and marks another step in an aggressive accumulation campaign led by chairman Tom Lee. BitMine now ranks among the largest corporate holders of the second-biggest cryptocurrency by market value, and the pace of buying has visibly accelerated as the firm closes in on its supply milestone. According to the company’s own investor-relations disclosure dated July 6, BitMine held 5,742,237 ETH as of July 5, alongside 206 bitcoin, a $180 million equity stake in Beast Industries, a $71 million position in Eightco Holdings, and $527 mil
The post Ethereum Price Eyes Breakout as Bitmine Builds Its ETH Stack appeared on BitcoinEthereumNews.com.
Key Insights: Ethereum Price held support after rejection near resistance. ETF inflows returned as buyers tested momentum. Bitmine’s ETH treasury added an institutional demand context. Ethereum Price recovered in early July as buyers returned to the lower trading range. The move followed renewed exchange-traded fund (ETF) inflows, fresh treasury demand, and a technical test near resistance. The setup mattered because ETH crypto traders watched whether spot demand could absorb selling pressure. A clean daily close above the current barrier would shift focus toward a higher recovery zone. Ethereum Price Faces Resistance After Rebound TradingView data showed Ethereum traded near $1,779 on July 7 after sellers rejected the $1,820–$1,850 resistance zone. The chart also showed buyers defending the $1,750 area during the latest pullback. Ethereum price chart | Source: TradingView That re
The post USDT for Payments, USDC for DeFi: Two Stablecoin Markets appeared on BitcoinEthereumNews.com.
You can feel it on-chain. Stablecoins aren’t one big pool anymore. They’re splitting into two clear jobs. USDT is becoming the everyday money rail for cross-border payments and P2P commerce, especially where banking is expensive or unreliable. USDC is increasingly the pipe that DeFi runs on across Ethereum and the newer L2s. Same dollar intent, different routes, different frictions. If you’re building, trading, or paying salaries, this split changes how you move money, where you source liquidity, and which risks you accept.
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Details
USDT leads in payments
Low fees and wide P2P access on Tron pull remittances and merchant flows into USDT. Tether’s transparency shows most USDT supply lives on Tron.
USDC anchors DeFi
Major DeFi pairs, collateral standards, and L2 ecosystems lean USDC first, especially on Ethereum, Arbitrum, Optimism, and Base.
Two l
Kazakhstan's crypto-friendly policies could position it as a key player in global digital finance, enhancing economic ties and innovation.
The post Kazakhstan president signs decree to boost crypto adoption with tax breaks and stablecoin payments appeared first on Crypto Briefing.
The post AngelList Drops Crypto Payments as Ripple’s Rail Partnership Ends on July 31 appeared on BitcoinEthereumNews.com.
Key Takeaways: AngelList will end the payment option for crypto after shutting down its ties with Rail on July 31, which is connected to Ripple. Until further notice, payments with USDC, USDT, DAI and ETH will not be accepted. Existing investments and accounts will not be affected and they are encouraged to convert to ACH and wire transfers. One of the largest venture capital platforms in the startup ecosystem, AngelList, is getting ready to disable crypto payment support. The company states that their partnership with stablecoin payment provider Rail, which is also part of Ripple will officially come to an end on July 31. AngelList shutting down crypto support. pic.twitter.com/LTVuKEpkLq — Alex Svanevik 🐧 (@ASvanevik) July 8, 2026 This will temporarily discontinue crypto funding for investors on the platform, which is significant, as prior to this, the platform
The post Nigerian Naira (NGN) and Vietnamese Dong: Why You Should Not Underrate The Fiat Currencies That Are Becoming Promising Markets for USDT and Bitcoin appeared on BitcoinEthereumNews.com.
Crypto exchange has long expanded beyond simple dollar and euro trading pairs. In many cases, users need to solve a specific task: buy USDT with local currency, exchange Bitcoin for fiat, receive money from abroad, or quickly convert funds for payments. As a result, local fiat currencies are becoming increasingly important within the exchange market. For these use cases, the exchange route itself becomes the deciding factor. NGN (the Nigerian naira) and VND (the Vietnamese dong) clearly illustrate this shift. Demand in these markets is driven by routine transactions involving local currencies, stablecoins, and Bitcoin. Most often, users are buying USDT, entering Bitcoin positions, or cashing out into local currency through a straightforward and efficient exchange route. If you already know what
The post AscendEX Withdrawal Crisis Deepens: ZachXBT Sets Minimum Threshold for Crypto Theft Cases appeared on BitcoinEthereumNews.com.
The AscendEX situation is getting worse, and ZachXBT is making sure the public knows exactly how bad it is. The on-chain investigator has now confirmed that the exchange’s hot wallet is effectively empty, ETH, USDT, and SOL nearly completely depleted, while deposits continue to flow in and the official team has gone more than nine days without making a single public statement. Internal leaks have added an uglier layer to the story: four months of unpaid employee salaries, a co-founder allegedly running a “family business” dynamic to keep staff compliant, and fabricated relationships used to maintain control as the whole operation appears to have unraveled from the inside. ZachXBT has also gone a step further, publicly revealing co-founder George (Jing) Cao’s Venmo account and telling affected users to chase their funds themselves, a move that reflects
