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Stablecoin Shakeup: $12 Billion Disappears in 2 Months While Tether Refuses to Flinch

Over the past two months, the stablecoin economy has been tightening its belt, trimming $12.413 billion since mid-May. In just the last week, the sector said goodbye to another $1.555 billion. Stablecoin Market Sheds More Than $12 Billion Since Mid-May The fiat-pegged crypto coin sector, as tracked by defillama.com on Saturday, Jul. 18, shows that […] from Bitcoin News https://ift.tt/juTkMXy
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Underdog Files First 7 Sports Contracts for Its Own Prediction Exchange

Underdog has filed the first seven sports event-contract templates for UDX, the federally regulated exchange it acquired in March. The filings target an initial listing no later than July 17, moving Underdog closer to controlling its own contracts rather than relying exclusively on outside exchanges. Underdog moves from distributor to exchange operator Underdog’s newly acquired […] from Bitcoin News https://ift.tt/e28yVOr
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Nigerian President Tinubu Signs Executive Order to Regulate Country’s Crypto Sector

Nigerian President Bola Tinubu has signed an executive order on virtual assets to address a fragmented regulatory landscape and protect citizens from fraud. Addressing Regulatory Gaps Nigerian President Bola Tinubu has signed an executive order aimed at regulating virtual assets and cracking down on unregistered operators, the government announced on July 17. The order establishes […] from Bitcoin News https://ift.tt/9GiJalM
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$1.38 Billion in One Month: How Venezuela’s Binance P2P Market Now Rivals Its Oil Exports

According to Econalitica, an economic consulting firm, Binance P2P volumes reached nearly 1.38 billion USDT between June 11 and July 13, a daily average of 44 million USDT. These numbers represent 75% of the national oil exports’ monthly volumes, underscoring the relevance of crypto markets. USDT Trading Hits Record Levels In Venezuela While Venezuela has […] from Bitcoin News https://ift.tt/hFyxR27
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Bitcoin Traders Pull BTC Below $63K as Middle East Tensions Trigger Fresh Risk-Off Selling

Bitcoin fell for a second straight day, dropping 1.4% to trade just under $63,600. It hit a session low of $62,732 early Friday, trimming its market cap and dragging the aggregate crypto market capitalization down 1.8% to $2.26 trillion. Tech Sell-Off and Geopolitical Tensions Weigh on Markets Bitcoin trended lower for a second consecutive day […] from Bitcoin News https://ift.tt/zqAQ8Pd
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ONDO Jumps 15% After Ondo Finance and SBI Group Build Japan Tokenization Push

ONDO, the native token of DeFi platform Ondo Finance, jumped 15% to $0.393, pushing its weekly gains past 20% and driving its market cap to nearly $1.87 billion. Double Catalyst ONDO, the native token of the decentralized finance (DeFi) platform Ondo Finance, surged following an announcement that the firm is partnering with Japanese financial services […] from Bitcoin News https://ift.tt/PqfwKzu
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Bitcoin Bulls Lose Grip After BTC Hits $63,808 as Fed Rate Bets Shift Again

After briefly crossing $65,000 following positive U.S. producer price index data, bitcoin fell back to around $64,200, dragging its market cap back under $1.3 trillion. Volatile Intraday Trading On Thursday, bitcoin failed to maintain an uptrend that had seen it log significant gains in the prior 48 hours. Market data shows the cryptocurrency gradually retreated […] from Bitcoin News https://ift.tt/owQu6y1
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