Tether reverses USDT freezing on 5 chains, allows transfers, but ends issuance
Tether has said that while USDT transfers on the five blockchains remain possible, no new USDT will be issued or redeemed. Tether is shifting its focus to Ethereum, Tron, and…
POL price rises as Polygon USDC transfers surge amid its returns to the US
Polygon (POL) price jumps as Polymarket returns to the US. USDC micro-transfers on Polygon are up 141%. Polygon is expanding its stablecoin and real-world asset ecosystem. Polygon’s native token, POL,…
Tron hits $121.2B in monthly transfers as TRX overtakes Cardano
490.3 billion TRX moved, up 34% from April. Yearly volume surged nearly 10x from May 2024. Dominates stablecoin flows across multiple regions. The Tron blockchain has hit a new peak…
XRP jumps to $2.21 as whale transfers and 100% volume spike fuel rally
Two large whale transfers totalling 370 million XRP spark market interest. XRP would need to hit a $500 billion market cap to qualify by 2026. Proposal suggests XRP-backed US bonds…
Ondo Finance integrates LayerZero for multi-chain tokenized US Treasuries transfers
Ondo Finance integrates LayerZero for multi-chain transfers of USDY tokenized assets. USDY, backed by US Treasuries, has over $600M in total value locked (TVL). The integration ensures secure, seamless cross-chain…
Mountain Protocol integrates Chainlink’s CCIP for USDM transfers
Mountain Protocol has integrated Chainlink’s cross-chain transfers technology. The cross-chain interoperability protocol, CCIP, will help USDM users transfer yield-bearing stablecoin across Ethereum, Base and other chains. Mountain Protocol has announced…
Elon Musk’s Tesla transfers Bitcoin worth $770M to new addresses
Tesla relocated 11,509 bitcoins, valued at $770 million, to new addresses. This marks Tesla’s first Bitcoin transaction since selling most holdings in 2022. Tesla remains the third-largest Bitcoin holder among…
Circle enables USDC transfers in Brazil and Mexico
Circle announces support for USDC in Brazil and Mexico. The company has integrated local payment systems PIX and SPEI to enable local bank transfers with USDC. Stablecoin issuer Circle has…
US government transfers $590M worth of Silk Road seized Bitcoin to Coinbase
The US has reportedly moved 10,000 BTC seized from Silk Road to Coinbase. The government still holds 203,200 BTC, valued at around $12B. Future sales by the US could impact…
Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC
Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not…