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Tether has resumed providing new loans denominated in USDT to clients, despite previously announcing its intention to discontinue offering collateralized loans in 2023. The company's latest financial update shows an increase in USDT-denominated loans, with $5.5 billion in loans as of June 30. Tether claims that the loans were made to prevent customer liquidity depletion and to assist clients in avoiding selling collateral at unfavorable prices.
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BlockFills and three affiliated entities have filed for Chapter 11 bankruptcy in Delaware to restructure operations and address allegations of misappropriating customer assets. Dominion Capital's lawsuit prompted a freeze on Bitcoin and a demand to segregate customer funds.
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Bitcoin's price surged over the weekend due to rising tensions in the Middle East, pushing oil prices up and prompting investors to monitor potential impacts on global markets. The crypto briefly dipped but rebounded as traders analyzed the geopolitical situation, with oil prices hitting around $100 a barrel.
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The Solana-based TRUMP meme coin has surged by 35% in the last 24 hours, reaching $3.75, following an announcement of an exclusive event at Mar-a-Lago. Trading volume spiked over 4x, hitting $292 million on the day of the announcement.
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KRAKacquisition Corp., a SPAC backed by Kraken, aims to acquire a target worth up to $10 billion. The company is exploring opportunities in sectors like stablecoins, tokenization, DeFi, and payments, reflecting the growing interest in crypto-related firms.
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Billionaire investor Stanley Druckenmiller believes stablecoins will be the backbone of the financial system in the future due to their efficiency and cost-effectiveness. He expressed skepticism towards the rest of the crypto industry, calling it a solution looking for a problem.
DL News
The crypto lobby has already spent $271 million on the 2026 midterms, with more attack ads expected against political hopefuls. Stand With Crypto labeled Juliana Stratton as "strongly against crypto" after a PAC dumped $7 million in attack ads against her.
bitcoinmagazine.com
Eskom is considering selling excess daytime electricity to Bitcoin mining companies due to increased solar power usage, leaving them with surplus energy during daylight hours. This move aims to monetize unused capacity and generate revenue from power that might otherwise go to waste.
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The U.S. Treasury Department sanctioned individuals and entities involved in a North Korean scheme that funneled millions to Pyongyang's weapons programs. The scheme, generating $800 million in 2024 alone, used deceptive IT workers to infiltrate American companies and steal sensitive data.
Coindesk
MoonPay integrated Ledger hardware wallet signing into its CLI wallet for MoonPay Agents to address security challenges posed by autonomous crypto trading tools. Users can now verify and sign transactions using a Ledger device, ensuring private keys remain secure.
Coindesk
The Ethereum Foundation released a 38-page document outlining its philosophy and commitment to Ethereum's decentralization and self-sovereignty. The document emphasizes principles like censorship resistance, open source, privacy, and security as essential for Ethereum's development and success.