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The BNB price soared 5% in the last 24 hours to trade at $1,311 as of 4 a.m. EST on a 105% increase in trading volume to $12.05 billion. The pump enabled BNB, the native token of BNB Chain, to leapfrog over XRP and Tether to become the third-largest crypto by market capitalization. That comes as CEA Industries announced that it holds 480,000 BNB tokens worth over $633 million. The company is adopting Binance Coin as its main treasury asset and aims to raise more funds to expand its holdings further. 🔥 LATEST: CEA Industries (Nasdaq: $BNC) is stacking $BNB at ATH's The company reported holding 480K $BNB worth $624M and plans to reach 1% of BNB’s total supply by year-end! This is the largest reported $BNB treasury — THIS is conviction. pic.twitter.com/TB6zzrveKp — CryptosRus (@CryptosR_Us) October 7, 2025 The company initially invested about $413 million in BNB, saying the strategy underscores its confidence in BNB’s long-term potential. BNB Coin...

Circle, the firm behind the second-largest stablecoin, USDC, is preparing for its initial public offering (IPO). It’s expected to offer a total of 24 million shares, with 14.4 million coming from existing shareholders, and it’s hoping to offer the shares between $24 and $26. This would value the firm at up to $5.65 billion , according to Bloomberg. The S-1 filing from Circle notes that ARK Investment Management has “indicated an interest in purchasing up to $150.0 million of shares.” Additionally, Bloomberg has reported that BlackRock plans to purchase approximately one-tenth of the shares available in the IPO. BlackRock is also the custodian for nearly all of Circle’s reserves. Circle vs. Tether: What’s in the reserves? Read more: The beef between Circle and Tether Circle has a much larger amount of cash in its reserves than its larger competitor, Tether, and has a larger portion of its reserves in overnight repos. ...

The stablecoin issuer Tether has hired a new chief financial officer (CFO) and committed to completing a full audit. The veteran finance executive Simon McWilliams will now serve as CFO for Tether, which issues the dollar-pegged USDT, the top stablecoin by market cap. McWilliams will lead the stablecoin issuer toward a full audit and “spearhead Tether’s further commitment to transparency and regulatory readiness,” according to a press release from the firm. Tether didn’t provide a timeline for the audit. The firm already releases quarterly attestation reports with the accounting giant BDO, but it says a full audit will “ensure greater financial integrity and verification of reserves.” The stablecoin issuer has dealt with regulatory issues recently, including failing to gain compliance with the European Union’s new Markets in Crypto Assets (MiCA) regulations, which has led to crypto exchanges delisting USDT in Europe. MiCA esta...

Shiba Inu trades at $0.00002178 today. Its price could change based on potential market cap growth. Looking at cryptocurrency investment risks, we compare SHIB to major players such as Tether and Ethereum to understand possible prices. Source: CoinMarketCap Also Read: New Cryptocurrency Rises 8,200% on January 2, 2025 How Shiba Inu Could Benefit From Tether And Ethereum Market Caps Source: Watcher Guru Reaching Tether’s Market Position Tether’s market cap stands at $138.76 billion, controlling 65% of all stablecoins. If Shiba Inu reaches this Tether market cap level, its price would hit $0.0002354. “This represents a massive 981% gain from its current level,” reports crypto analyst Abdulkarim Abdulwahab. SHIB would lose one zero from its current price structure. Also Read: Shiba Inu: AI Predicts SHIB Price When Trump Takes Office in January Ethereum Market Cap Scenario The Ethereum market cap opens bigger possibilities for Shiba Inu. Ethereum’s value sits ...

The leading stablecoin firm Tether (USDT) has rolled out a private beta for a new tokenization platform. “Hadron by Tether” aims to simplify the tokenization process for stocks, bonds, funds, stablecoins, loyalty points, real estate, art and other assets, according to a new press release from the firm. Tether chief executive Paolo Ardoino notes the platform is fully non-custodial and supported by multiple blockchains. The CEO says Hadron represents “the beginning of a new era for finance.” “It leverages a very intuitive user interface to set up and configure multi-signature wallets, including hardware wallets. A deeply thought user experience streamlines the interaction between issuers and their users. Among its suite of controls, deep emphasis has been placed on providing the most comprehensive set of tools for compliance, Know-Your-Customer (KYC), Anti-Money-Laundering (AML), Know-Your-Transaction, Risk Management, and secondary m...

Christopher Harborne, a shareholder in both Bitfinex and Tether’s parent company and a prominent right-wing backer, paid for Nigel Farage to visit Donald Trump following the failed assassination attempt against the former president.  That’s according to the UK Parliament’s latest register of interest filings, which details the financial interests of its politicians. It revealed that Farage’s trip to the US on July 17 cost £32,000 (~$41,500) and was funded by Harborne.  As reported by The Guardian, the trip was arranged for Farage “to support a friend who was almost killed and to represent Clacton on the world stage.” However, judging by the lack of photos of Trump and Farage together, it seems likely that the newly-elected member of Parliament (MP) never actually got to meet the 2024 presidential hopeful .  Farage has also been criticized by users on X (formerly Twitter) for the little time he has spent in his constituency. Clacton voters waiting for Nigel Farage’s first con...

In late 2023, Tether, the world’s largest stablecoin, announced it was taking a significant stake in Northern Data, a firm that principally focuses on Bitcoin mining but has since expanded into artificial intelligence. Since then, former executives of Northern Data ’s North American subsidiary have filed a lawsuit against Northern Data , alleging securities fraud and tax evasion, as well as whistleblower retaliation.  Joshua Porter, the former CEO and president of Northern Data US, the company’s North American subsidiary, and Gulsen Kama, the former chief financial officer of Northern Data US, filed the lawsuit. The lawsuit alleges that Northern Data regularly misrepresented its financial situation to investors, even as its executives, including Porter and Kama, raised concerns about the solvency of the parent company. These issues came to a head in early 2023 when KPMG insisted on performing a liquidity forecast before signing off on its audit. Kama felt that...

Controversial Crypto project Worldcoin is hoping that an Apple-style makeover of its infamous retina scanning orbs will help the company shed some of its dystopian image. Worldcoin orbs scan and upload people’s irises to its biometric database as a means to assign “World IDs” and become what it says will be the “world’s largest digital identity and financial network.” Users have previously received Worldcoin Crypto tokens as payment for their biometric data. However, the technology has been branded exploitative and deceptive by the MIT Technology Review. Users of the orb have reportedly called the project “dystopian” and “creepy.” Alex Blania, the CEO of Worldcoin’s parent company Tools for Humanity, told TechCrunch on Wednesday that their mission is to “race toward billions of users as fast as we possibly can.”  The orbs will change in color and shape in a bid to look “much more friendly.” He said the “next iterations will look quite different,” be “way [more] tuned down,”...

As of today, the Swiss city of Lugano has implemented a policy to accept cryptocurrencies, including Bitcoin and Tether, for the payment of municipal service s and taxes. Lugano’s decision facilitates an automated payment process via the Swiss institutional-grade cryptocurrency platform Bitcoin Suisse. This new system allows citizens and companies to pay for any local service or tax amount in cryptocurrencies. Practical implementation involves using the Swiss QR-bill, which enables payments through mobile wallets and selected cryptocurrencies. You might also like: Swiss city Lugano to accept BTC for taxes, grant $50m to crypto startups This development is part of Lugano’s broader “Plan B” strategy, a collaborative venture with Tether, focusing on using Bitcoin technology to revolutionize the city’s financial infrastructure. Bitcoin Suisse is a crucial technical partner, integrating payment solutions for tax collection and other municipal service s....

China’s Evergrande’s bankruptcy filing reverberates in the crypto markets, triggering significant drops in major digital assets and casting a shadow over Tether’s financial backing. Once the leading property developer in China, Evergrande has recently transformed into a prominent representation of China’s property crisis.  On Aug. 17, Evergrande sought refuge from debtors by filing for Chapter 15 protection under the US bankruptcy code. This provision assists non-US companies in shielding themselves during restructuring, keeping creditors at bay.  BREAKING CHINA’S SECOND LARGEST PROPERTY DEVELOPER EVERGRANDE HAS JUST FILED FOR BANKRUPTCY pic.twitter.com/ckgqu6zaDY — GURGAVIN (@gurgavin) August 17, 2023 Evergrande’s affiliate, Tianji Holdings, followed suit in Manhattan bankruptcy court. This development underscores the mounting anxiety that China’s property sector may bleed into other areas of the economy, especially as growth falte...

Tether and Bitfinex chief technology officer Paolo Ardoino voiced concerns over what, according to him, are signs that the USDT (USDT) stablecoin is being manipulated . In an Aug. 3 tweet, Ardoino explained that USDT is being pressured down by about 10 basis points (equivalent to 0.1%, or a price of about $0.99). Still, while one would expect USDC — arguably USDT’s main competitor — to gain from this situation, it is instead redeemed heavily while a very new competitor “is getting it all.” “Exactly! It feels definitely organic and not manipulative at all,” Ardoino concluded with a sarcastic remark. Stablecoin data suggests that Ardoino was most likely referring to a new stablecoin named First Digital USD (FDUSD) in his tweet. CoinMarketCap data for this stablecoin goes back until July 26 and shows a market cap of just $20.25 million on Aug. 2, just before a sudden explosion to its current market cap of $256.55 million. First Digital USD price chart | ...

Tether has recently been involved in several developments and announcements within the cryptocurrency space. These include allocating 15% of its profits to acquire Bitcoin, revealing its $1.5 billion BTC reserve, and deciding to initiate Bitcoin mining operations in Uruguay. Additionally, it also launched on the KAVA blockchain in June. Now, in its recent independent auditors report for Q2 released on Monday, USDT issuer Tether has disclosed an excess of $3.3 billion in reserve assets to back USDT . Also read: Ripple Predicts Blockchain’s Potential to Save Financial Institutions $10B Tether’s Q2 attestation reveals $72.5B in US Treasury exposure According to the Q2 attestation, the stablecoin issuer has an exposure of $72.5 billion to US Treasuries. These include deposits in money market funds, repurchase agreements, and direct T-bill investments. Details from the filing reveal that, as of June 30, the company’s bitcoin (BTC) holdings saw an increase in...

The recently revealed list of Tether’s commercial paper holdings has surprised many due to the firm’s significant exposure to Chinese banks. However, what may be more worrying is that Tether has also bought commercial paper from several banks with chequered records. Indeed, one of these banks is apparently a subsidiary of a Qatari bank known to breach AML regulations and service extremist and terrorist groups. Tether bought a total of $49,862,117 worth of commercial paper with an interest rate of 0.2765% from AKCB Falcon Limited, a subsidiary of Masraf Al Rayan. The Islamic bank is headquartered in Qatar and owned by the Qatari state with a branch in the UK. AKCB Falcon Limited was previously a subsidiary of Al Khalij Commercial Bank that merged with Masraf Al Rayan, creating the second-biggest bank in Qatar . Masraf Al Rayan was recently found to be in breach of AML rules by the UK financial regulator, the Financial Conduct Authority (FCA), for accepting up to £23 mill...

Welcome to the 120th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write about. OK, only Crypto ? Not necessarily. We do that Monday to Friday, so we try to explore new subjects on weekends. Feel free to join in and submit entries on Twitter. Any topic is fair game. 21 mins ago ️ Aussie banks ditch Binance The Crypto exchange has been hit by growing global concerns while China links are still hazy. Latest from @BennettTomlin Subscribe and read: https://t.co/IG3DsHVvBD pic.twitter.com/DrKlQCcvcH — Protos (@Protos) May 26, 2023 The Context. 21 mins ago Wake up babe – new set of SBF quotes dropped (not stolen from anywhere)https://t.co/IId6RQCuVk pic.twitter.com/my4DWOMg5y — pooredart (@poordart) May 27, 2023 17 mins ago Alex @Mashinsky’s recent ‘like.’ Apparently this tweet translates to: “Who is willing to f*ck me?...

This year has been pretty good for cryptos so far. Right from Altcoins rallying to the aggregate market cap ballooning, a bunch of positives have been noted. On Thursday, Bitcoin was, yet again, the talk of the town. The market’s largest crypto broke above $18k, one of its most rigid psychological barriers. After registering a 4.5% uptick over the past 24 hours, BTC was trading at $18.1k at press time. Source: TradingView Now, according to the latest data from Glassnode, a fairly large volume of BTC was acquired between $16.5k and $18.2k. The sharp spike noted by the supply in profit metric justified the same. Even though this might seem to be a positive, there is a gray lining to it. More than half the circulating supply was in loss in the period between November 2022 to early January 2023. Thanks to the current rally, over 13% of the said supply has now returned to profit. Like shown below, whenever this metric has seen a sharp rise, it has been succeeded by dramatic...