Cardano’s Hydra Layer 2 upgrade and Sui’s 10.48% weekly gain have generated interest in established blockchain platforms, while presale project BlockDAG claims $430 million raised. Investors should exercise extreme caution with presale projects regardless of claimed funding figures or roadmap promises.
Tether’s USDT stablecoin has reached 500 million users representing approximately 6.25% of the world’s population, according to CEO Paolo Ardoino. The milestone highlights stablecoin adoption in regions with limited banking access and currency instability, particularly in countries like Kenya where businesses use USDT to navigate local currency weakness.
A crypto whale deposited $390 million in USDC as collateral on Aave and moved 42,000 ETH (worth ~$150M) to Binance, signaling a potential large-scale short position against Ethereum.
Mobile payment app Oobit has expanded to the Philippines, enabling users to receive remittances as USDT and spend them instantly at major retailers. The service bridges crypto and traditional commerce for faster, cheaper cross-border payments.
Asian stock markets posted significant gains as investor fears over a full-blown US-China trade war began to subside. The rally was led by technology and industrial sectors most sensitive to trade sentiment.
Binance Wallet has banned 600 accounts for systematically misusing its Binance Alpha rewards program through automated bot farms. The exchange identified and removed accounts that violated its terms of service to gain an unfair advantage.
Trivolve Tech and Quixy have deployed a blockchain-powered Forensic Management System on Cardano’s mainnet to manage forensic evidence for Indian state governments. The system processed over 1,000 transactions within three days of launch, with Uttar Pradesh serving as the pilot state for the tamper-proof evidence tracking platform.
Switzerland’s gambling regulator Gespa has filed a criminal complaint against FIFA Collect, alleging that its “right-to-buy” NFT ticket vouchers for World Cup matches constitute unlicensed gambling under Swiss law. The case challenges whether blockchain-based ticketing systems that incorporate chance elements cross legal boundaries into regulated gambling activities.
Stripe’s blockchain project Tempo secured $500 million in Series A funding led by Thrive Capital and Greenoaks, achieving a $5 billion valuation less than two months after unveiling its layer-1 blockchain optimized for stablecoin payments. The payments-focused network will compete with established players like Circle’s USDC in the rapidly expanding stablecoin infrastructure market.
Shiba Inu holders withdrew 263 billion SHIB tokens worth $2.6 million from exchanges on Wednesday, suggesting accumulation behavior despite a 9% price decline. The pattern indicates investors are moving tokens to cold storage rather than selling during market weakness.
