Author: James Wilson

The market capitalization of stablecoins has jumped by $37.6 billion since U.S. president Donald Trump’s electoral victory in November. A new report from on-chain analytics provider CryptoQuant has revealed that the total value of USD-denominated stablecoins in circulation has jumped to a new record high since the announcement on Nov. 6. The report, which tracks the total market cap of Tether (USDT), USD Coin, Binance USD, True USD, Pax Dollar, and DAI, reveals that they have collectively hit $204 billion, representing a 22 percent rise in value in the 86 days since Trump’s victory. According to the data, Tether deposited…

Tether reported a net profit of $13 billion in 2024, driven by its businesses, including the issuance of USDT, the largest stablecoin in the crypto market. Tether, the issuer of crypto’s biggest stablecoin (USDT), generated $13 billion in profits last year amid soaring digital asset adoption and a new all-time high in U.S. Treasury Bills held as reserves for its token. On Friday, Jan 31, the company’s quarterly attestation provided by independent accounting firm BDO Italia showed $94.5 billion worth of T-Bills, a new record. Tether generated $7 billion in profits from its U.S. Treasury holdings and another $5 billion…

Cronos, the decentralized blockchain developed by Crypto.com, has integrated interoperability protocol LayerZero, enabling cross-chain communication with over 115 blockchain networks. On Jan. 31, Cronos Labs announced that LayerZero (ZRO) was now live on the Cronos’ (CRO) EVM-compatible and zero-knowledge proofs mainnets. This integration allows developers on Cronos to build bridges connecting to more than 115 blockchains, including Ethereum and Solana. Cronos EVM users can now transfer assets between the Cosmos SDK-powered chain and multiple EVM-compatible chains. The platform is also interoperable with the Solana ecosystem. Meanwhile, Cronos zkEVM users can leverage the native Ethereum bridge to connect with other Elastic…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitwise’s Dogecoin ETF filing fuels $1 speculation, while Panshibi emerges as the next viral meme coin. Dogecoin has always been the underdog that somehow keeps surprising everyone. Now, with Bitwise filing for a Dogecoin ETF, people are asking the big question: could this finally push DOGE to $1? It’s not just hype; a crypto ETF can bring in serious investors who wouldn’t normally touch meme coins. Meanwhile, a new player named Panshibi (SHIBI) is making waves in the crypto…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum adoption is surging as active wallets spike, while Rollblock’s presale nears $10 million in inflows. Active wallets on Ethereum are going parabolic as bull run adoption is finally starting to pick up. Analysts weigh in on how high ETH might fly this cycle while Rollblock’s (RBLK) popular presale reaches a fever pitch as it prepares to soar past $10 million in inflows.  Rollblock brings blockchain security to iGaming sector   The Rollblock presale shows no signs of slowing as…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP’s upcoming SEC hearing could shake the crypto market while investors explore Yeti Ouro’s growing potential. An important SEC hearing in April will determine XRP’s future. Ripple Labs requested an April deadline for its cross-appeal brief in its case with the SEC. The outcome could significantly impact the crypto market, with XRP’s price potentially reaching $3. However, uncertainty remains, and investors are divided, with many exploring alternative investments. Meanwhile, Yeti Ouro (YETIO) continues to grab investor attention. XRP’s April…

A Manchester U.K. court has sentenced seven individuals to a combined 76 years in prison for kidnapping, assault, and stealing £100,000 in cryptocurrency from a single victim. The criminals, who carried out a series of violent actions against a Manchester resident, received varying prison terms for their repeated offenses. According to the Warrington Guardian, the gang began targeting the victim in January 2023. In the first incident, Scott Armstrong, one of the seven, threatened the victim at his home and successfully extorted an undisclosed amount of cryptocurrency. A month later, another member, David Povey, arrived armed with a weapon and…

Ukrainian authorities have blocked access to Kuna, the country’s first crypto exchange, operational since 2014. Kuna, Ukraine’s oldest crypto exchange, shut down just days after authorities quietly blocked access to its platform without offering any explanation. The news came from Kuna’s founder and CEO, Michael Chobanian, who said in Telegram posts that he wasn’t informed by authorities and only found out about the ban when users started reporting the issue. The restriction follows an order issued by Ukraine’s State Service of Special Communications and Information Protection. The order directs Ukrainian’s internet service providers to block access to Kuna’s domain as…

Buttcoin, a Solana meme coin parodying Bitcoin, is up a staggering 150% in the last 24 hours.  Buttcoin (BUTTCOIN) has surged 150% in the past 24 hours, yet still trading at $0.0002624, 95% below its all-time high of $0.005723 reached on Jan. 6, according to CoinGecko. With a market cap of just $271,577, Buttcoin has seen a 2,740.60% increase in trading volume, hitting $1,691,174 million in the last 24 hours. Buttcoin is gaining traction after a viral video from 11 years ago resurfaced on X, claiming to be the origin of Buttcoin’s lore. The coin was also mentioned on The…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto scams are surging across the United States, with the FBI’s latest cryptocurrency report revealing that Americans lost a staggering $5.6 billion in 2023—a worrying 45% increase from 2022. Alarmingly, older adults, particularly those over 65, were hit hardest, collectively losing more than $1.6 billion. California has borne the brunt of these losses, recording the highest state total at $1.1 billion. What makes these losses even more striking is the volume of financial fraud complaints received by…