The Heartbeat of the Crypto World is Here!

S&P Global Ratings downgraded Tether’s USDT stablecoin due to risks from Bitcoin price drops and unclear reserve details, rating its stability as weak. The firm warns of potential undercollateralization if high-risk assets decline, though Tether maintains full backing and disputes the assessment. S&P highlights Bitcoin’s volatility as a key risk for USDT’s reserves. Tether provides […]

S&P Global Ratings has downgraded Tether’s USDT stablecoin to its lowest stability rating, citing risks from volatile reserves like Bitcoin and insufficient audits. Despite this, 75% of reserves are in low-risk US Treasurys, but concerns persist over maintaining the dollar peg amid regulatory scrutiny. S&P highlights Bitcoin exposure at 5.6% of USDT circulation, exceeding safe […]

The UK government plans to introduce a pay-per-mile tax for electric vehicles starting April 2028, charging EV drivers 3 pence per mile to offset lost fuel duty revenue. This could reduce EV sales by 440,000 units and generate £1.4 billion by the decade’s end, amid concerns from automakers about hindering the green transition. UK EV […]

World Liberty Financial (WLFI) has seen an 8% price rise in the last 24 hours, driven by team and whale accumulations totaling over $39 million, which reduced circulating supply and signaled strong confidence, though balanced liquidations and downside liquidity clusters suggest potential volatility ahead. WLFI team purchased $7.79 million worth of tokens, removing 46.56 million […]

In a shocking San Francisco crypto robbery on Saturday night, a gunman disguised as a delivery worker invaded a tech investor’s home in the Mission District, stealing $11 million in Ethereum and Bitcoin by draining the victim’s digital wallets during a violent 90-minute ordeal. The attacker posed as a UPS affiliate with a package, gaining […]

Grayscale Investments has filed with the SEC to convert its Zcash Trust into a spot ETF, potentially the first linked to a privacy coin like Zcash (ZEC). This follows approvals for Bitcoin, Ether, Dogecoin, and XRP ETFs, aiming to list on NYSE Arca amid ZEC’s recent 50% monthly price surge. Grayscale’s Filing: Submitted Form S-3 […]

Polygon co-founder Sandeep Nailwal has proposed reverting the network’s token ticker from POL back to its original MATIC, sparking community debate on familiarity and recognition. While exchanges may resist due to migration efforts, the suggestion highlights ongoing confusion among traders and local users worldwide. Polygon’s ticker change to POL occurred in September 2024 to enhance […]

India has approved a $815 million investment to enhance domestic production of rare-earth permanent magnets, aiming to reduce reliance on imports amid global supply chain disruptions. This initiative targets 6,000 metric tonnes per annum capacity through five manufacturing units, supporting EVs and renewable energy sectors. India’s $815 million program supports integrated manufacturing of rare-earth magnets […]

Bitcoin has surged above $90,000 per coin, rebounding from a seven-month low of around $81,000 last week. This recovery follows a volatile period marked by institutional sell-offs and uncertainty over Federal Reserve policies, signaling potential stabilization in the cryptocurrency market. Bitcoin price recovery: The leading cryptocurrency climbed over 3% in 24 hours to reach $90,035, […]