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Leading stablecoin issuer Tether has secured a sign-off from Deloitte for the first reserve report tied to its new U.S.-regulated stablecoin, after years struggling in its relationships with major accounting firms.Deloitte reviewed a report prepared by Anchorage Digital Bank, which issued the company’s new USAT token. In a letter released Monday, the accounting firm said Anchorage reported $17.6 million in reserve assets backing 17.5 million USAT tokens in circulation. The token’s market cap has, since the report, risen to nearly $20 million as its growth accelerates.The total market capitalization of the stablecoin sector has, in fact, been growing rapidly. It’s…
Vitalik Buterin is turning his attention to a part of Ethereum most users never think about but that has quietly become one of its biggest pressure points: who gets to decide what transactions goes into a block.In a new blog post on Monday, the Ethereum co-founder lays out a series of ideas aimed at preventing block building, the process of assembling transactions before they’re finalized onchain, from becoming too centralized.While Ethereum’s upcoming “Glamsterdam” upgrade will formalize proposer-builder separation, which will allow validators to outsource block construction to a competitive market, Buterin argues that simply creating a marketplace of builders doesn’t…
The popularity of new terms such as fintech and edtech has been making a lot of buzz in discussions across various technology forums. Fintech is more relevant than ever, and people are wondering how to become fintech experts and make the most of lucrative opportunities for rewards. At the same time, beginners also have doubts regarding prospects for a thriving career in fintech. Therefore, it is important to start with proper guidance regarding the basics of fintech, such as its origins, working, and basic skills required for developing a fintech career. New technologies such as smart chip ATMs, cryptocurrencies, dApps,…
Fold, a publicly traded Bitcoin financial services company, has eliminated $66.3 million in convertible debt, removing a potential source of share dilution and simplifying its balance sheet as it prepares to expand its product lineup.In a recent disclosure, Fold said it retired two outstanding convertible notes, which are debt instruments that can be converted into equity at a later date. By paying them off, the company reduces the risk that new shares would be issued in the future, which may dilute existing shareholders.Fold also said it released 521 Bitcoin (BTC) that had been pledged as collateral against the debt. With…
After dipping over the weekend as the U.S. began strikes against Iran, bitcoin BTC$69,093.87 shot higher on Monday, at one point nearing $70,000 before pulling back to the current $69,000.While any rally in bitcoin is welcome by the bulls, today’s move comes after a relentless months-long slide that has halved the price and weighed on sentiment. One analyst suggests Monday’s quick gains carry the hallmarks of a positioning squeeze, with traders who had bet on further downside forced to unwind those trades as prices rose.“This is clearly a flushing of shorts due to the confluence of the Iranian attacks causing…
The global geopolitical tension is palpable. Here are a few cryptocurrencies worth watching in this context going in 2026. There’s no two ways around it – the world in 2026 is one where war is clearly on the table. From the Middle East to Ukraine, geopolitical tensions are escalating globally. As CryptoPotato reported yesterday, the US, together with Israel, struck against Iran. Retaliation followed, and now each side urges the other to reconsider before responding with even fiercer force. In the context of significant geopolitical tension, we decided to do a little speculation and see which three cryptocurrencies are worth…
Crypto markets snapped back hard on Sunday after spending Saturday pricing in what looked like the start of a prolonged regional war.Bitcoin climbed to $66,843, up 5.2% over the past 24 hours, recovering most of the losses from Saturday’s slide below $64,000 after U.S. and Israeli strikes on Iran.The bounce accelerated after Iranian state TV confirmed the death of Supreme Leader Khamenei, which markets interpreted as raising the odds of a shorter conflict.Solana led the recovery among majors, surging 10.8% to $86.42. Ether rose 7.5% to reclaim $1,994, putting it back within touching distance of $2,000 for the first time…
Arbitrum price continues to weaken as ARB struggles to attract sustained investor demand. The token has failed to align with broader crypto market recoveries. Instead, it remains under pressure, extending a prolonged decline that has brought it dangerously close to its all-time low.Investor support appears limited despite occasional short-lived rebounds. Broader market improvements have not translated into lasting gains for ARB. This divergence highlights fading conviction across multiple participant groups within the Arbitrum ecosystem.Arbitrum Is Dominated By Volatile HoldersThe Chaikin Money Flow indicator has dropped below the zero line, signaling net capital outflows. This reading reflects sustained selling pressure rather…
The mystery is finally solved. ZachXBT just exposed insider trading activities at Axiom Exchange, that Y Combinator-backed Solana platform. Turns out employees were allegedly using internal admin tools to spy on profitable traders and front-run their own users with that data. Some people are pretty disappointed that this is what all the hype led to. We had bigger names like Jane Street getting dragged for billions in alleged manipulation, but in the end, it’s basically just some shady employees doing insider trading on meme coins. Man @zachxbt hyped up the post like he about to drop a nuclear bomb Most…
Ethereum has perhaps taken the largest hit of all the large-cap altcoins in February, with its value dropping by more than 36% over the past month. The second-largest cryptocurrency deepened its woes over the past week, struggling to keep its price above the $2,000 level. On Friday, February 27th, the price of Ethereum fell by more than 5%, falling to just above the $1,900 mark. Interestingly, a recent on-chain evaluation shows the potential reason behind the altcoin’s latest struggles below $2,000. ETH Taker Volume Sees Steady Rise On Friday In a February 27th post on the social media platform, crypto…
