The post Tether USDT Burn Marks Largest Ethereum Reduction in 2026 appeared on BitcoinEthereumNews.com.
On July 7, 2026, Tether executed a $2.5 billion USDT burn on the Ethereum network — its largest single reduction of stablecoin supply since February 2026. The move landed the same day Binance’s USDT balance on the Tron network slipped below a key threshold, raising questions about what these two simultaneous shifts say about stablecoin liquidity and cross-chain dynamics heading into mid-2026. Key takeaways Tether burned $2.5 billion worth of USDT on Ethereum on July 7, 2026, its largest single burn since February 2026. Binance’s USDT balance on the Tron network fell to approximately $806 million, dropping below the $1 billion mark. That Tron balance represents Binance’s lowest USDT holding on the network since December 29, 2025. USDT burns are typically linked to treasury management and cross-chain rebalancing, not to supply destruction in the traditional sense. Analysts flagged the
The post Pi Network’s Pi Crumbles to New ATL, Bitcoin (BTC) Halted at $64K: Market Watch appeared on BitcoinEthereumNews.com.
M has surged by double digits, while LAB has plunged by over 80% in the past 24 hours. Bitcoin’s price faced another rejection following the renewed strikes in the Middle East and Trump’s latest statement, going from over $64,000 to under $62,000 in hours. Most altcoins have joined the ride south, with ETH sliding below $1,750, while XRP has dropped beneath $1.10. PI has marked another all-time low. BTC Dips Below $62K The start of July has been a mini rollercoaster for the primary cryptocurrency. It dipped below $58,000 on July 1 for the first time in nearly two years, but began its gradual recovery immediately and surged to over $63,000 over the weekend. After a minor retracement there, it jumped to $64,000 on Monday morning for the first time in two weeks. However, Strategy’s new and much bigger BTC sale drove it south again, as the asset dumped to $61,200
The post Tether’s USDT supply contracts on Ethereum and TRON appeared on BitcoinEthereumNews.com.
Tether’s USDT supply is contracting, after a $2.5B burn on the Ethereum network. The stablecoin just saw its biggest burn since February, potentially signaling liquidity outflows. Tether’s treasury burned $2.5B worth of USDT tokens on July 7, the largest supply contraction since February. The Tether treasury destroyed $3.5B of tokens on February 10, as a response to general trading contraction and removing USDT from legacy networks. As a result, Tether retains a $189.6B supply of USDT, mostly using Ethereum and TRON for transfers. USDT is closely watched for the effect of Euro Area regulations, and as a general signal for the health of the crypto ecosystem. The supply burn also traces a larger trend in stablecoin liquidity. Active addresses declined by 36.2% in the past 30 days, according to Artemis data. Average daily stablecoin volume is down by 47.5%. USDT and its closest rival, Cir
The post How I Would Allocate $1,000 Across Crypto Markets Right Now appeared on BitcoinEthereumNews.com.
Key Takeaways Bitcoin commands 40% allocation due to institutional adoption and proven market stability Ethereum captures 25% for its leadership in decentralized finance and smart contract platforms Solana secures 15% thanks to superior transaction speed and expanding ecosystem Chainlink holds 10% as critical oracle infrastructure supporting real-world data integration Near Protocol takes 5% for its emerging AI integration and Layer 1 innovation Distributing $1,000 strategically across five digital assets plus a stable reserve creates a framework that manages volatility while capturing growth potential. Building the Foundation With Market Leaders Bitcoin anchors this allocation strategy with a 40% position worth $400. As the pioneering cryptocurrency with the largest market capitalization, it benefits from unmatched liquidity and growing institutional acceptance through exchange-tr
The post Base To Launch B20 Standard For Fungible Tokens On Mainnet appeared on BitcoinEthereumNews.com.
Coinbase-backed Ethereum layer-2 network Base is set to activate its B20 token standard on mainnet, introducing a native framework for stablecoins, tokenized real-world assets (RWAs) and other fungible tokens. According to Base documentation, B20 is scheduled to go live at 6 pm UTC on the mainnet, enabling developers to begin creating tokens under the new standard. The activation will enable developers to use Base’s native token standard to create stablecoins, RWAs, tokenized equities and other fungible tokens without requiring them to build and audit custom ERC-20 contracts. The standard supports two variants: asset and stablecoin. The asset variant has configurable decimals between six and 18, while the stablecoin variant has fixed six-decimal formatting and requires issuers to specify a fiat currency denomination, such as the US dollar or euro. B20 supports two variants. Source:
The post Binance Earn Adds BTC Yield For Passive Bitcoin Rewards appeared on BitcoinEthereumNews.com.
Binance, the renowned crypto exchange, has unveiled BTC Yield. BTC Yield is a unique product working under Binance Earn to enable likely weekly rewards for long-term $BTC holders. As per Binance’s official press release, the offering delivers an opportunity to make $BTC-denominated earnings without active derivative trading. The initiative aims to transform option premiums into notable returns parallel to maintaining Bitcoin-related exposure via a unique asset, $BTCY. Binance BTC Yield Rewards Long-Term Bitcoin Holders with $BTCY Binance’s launch of BTC Yield focuses on providing long-term Bitcoin ($BTC) holders with unique earning opportunities. Apart from the rollout, the platform has also planned a limited-time promotional campaign. The respective campaign features a reward pool that contains 100,000 $USDC to benefit qualified participants. Consumers subscribe to this product by com
The post Russia Drops Wallet Reporting From Its Final Crypto Bill: Here’s What the Law Now Says appeared on BitcoinEthereumNews.com.
Key Takeaways Russia’s Duma committee approved the final crypto bill draft, with second and third readings eyed for July 21. The revised text drops mandatory wallet-address reporting; only balances and transaction flows must be declared. The Bank of Russia plans to cap retail purchases near $4,000 a year, limited to BTC, ETH and USDT from 2026. A Major Reform Is Underway Russia’s parliamentary Committee on Financial Markets has approved the final version of the country’s sweeping digital currency bill, clearing the path for its second reading in the State Duma. The committee, chaired by lawmaker Anatoly Aksakov, signed off on a package of amendments that softens some of the draft’s most contentious surveillance provisions while keeping the state firmly in control of who may buy and sell crypto assets. Image source: X The most notable change removes mandat
The post Bitmine buys another $70M in ETH as treasury nears 5% of supply appeared on BitcoinEthereumNews.com.
This article has been updated to include a chart showing Bitmine’s share price performance over the past day. Bitmine has increased its Ethereum treasury with another $70 million purchase, taking its holdings to nearly 5% of the token’s circulating supply. Summary Bitmine has purchased another 40,000 ETH worth about $70 million, taking its Ethereum treasury close to 5% of the token’s circulating supply. Most of the company’s Ethereum holdings remain staked through its validator network, with staking expected to generate significant annual rewards. Chairman Tom Lee has pointed to growing Ethereum adoption and improving regulatory prospects while the company’s shares closed lower on Tuesday. According to blockchain analytics platform Lookonchain, Bitmine acquired 40,000 ETH on Tuesday through two wallet addresses in transactions traced by Arkham Intelligence to hot wallets operat
Russia’s State Duma Financial Markets Committee has approved the final version of the country’s landmark crypto bill, dropping mandatory wallet-address reporting and clearing the way for a second reading. A Major Reform Is Underway Russia’s parliamentary Committee on Financial Markets has approved the final version of the country’s sweeping digital currency bill, clearing the path […]
