Day: September 22, 2025

Tether Denies Claims it Abandoned Uruguay Crypto Project

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Stablecoin issuer Tether has denied widespread local media reports that it is exiting Uruguay over a $4.8 million debt dispute with one of the country’s state-owned electricity entities. According to local news source Telemundo, Tether abandoned its crypto mining operations and future plans after the National Administration of Power Plants and Electric Transmissions (UTE) unplugged power at its facilities for failing to pay a $2 million electricity bill for May. It also reported that Tether also owed around $2.8 million for other local projects, bringing its total liabilities to roughly…

CleanSpark expands capital strategy with $100M Bitcoin-backed credit from Coinbase Prime

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Key Takeaways CleanSpark has secured a $100 million credit line from Coinbase Prime, leveraging its Bitcoin assets as collateral. The new credit facility provides non-dilutive financing, allowing CleanSpark to raise capital without issuing new shares. Share this article CleanSpark, a US-based sustainable Bitcoin mining company, secured a $100 million credit facility from Coinbase Prime, an institutional-grade platform for advanced trading and custody services. The credit arrangement allows the mining company to leverage its Bitcoin holdings as collateral for non-dilutive financing, reflecting a broader trend among crypto companies accessing capital without…

Analyst Predicts XRP Price Will Definitely Reach $10,000, Gives Reasons Why

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Crypto analyst Xena has declared that the XRP price will definitely reach $10,000. The analyst further gave reasons why she holds this belief and likened XRP’s potential run to that of Bitcoin.  Why The XRP Price Will Reach $10,000 In an X post, Xena asserted that the XRP price will reach $10,000 without a doubt. She noted that some market participants argue that XRP should at least cross its all-time high (ATH) first before such projections, but the analyst believes that is not the point. The analyst suggested that market…

Democrats Signal Support for Bipartisan Solution to Market Structure Bill

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A group of Democratic senators in the US Congress has signaled its intention to work with Republicans on advancing legislation to establish a digital asset market structure framework. In a Friday statement, 12 Democrats, including members of the Senate Banking Committee and Senate Agriculture Committee, issued a statement ahead of an expected vote on a crypto market structure bill pushed by Republican leadership. “We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale,” the statement reads. “Given our shared…

Bitcoin’s (BTC) Late-Stage Rally Is a Trap for New Buyers as Expert Warns Cycle Exhaustion

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Bitcoin’s latest plunge triggered heavy liquidations among recent long positions. Certain metrics now suggest buyers’ confidence is diminishing. In fact, Alphractal founder and CEO Joao Wedson believes that Bitcoin appears to be flashing unmistakable signs of cycle exhaustion. He warned that this is what most market participants are failing to recognize. Profitability Drying Up In his latest analysis on X, Wedson flagged the SOPR Trend Signal, a reliable indicator of blockchain profitability, which now indicates that investor gains are drying up. He stressed that never before in Bitcoin’s history have…

PayPal Ventures Backs Bitfinex-Linked Stablecoin Project

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Stable, an institutional-grade stablecoin blockchain backed by cryptocurrency exchange Bitfinex, is integrating a stablecoin built by major online payment platform PayPal. PayPal Ventures has made a strategic investment in Stable to bring PayPal USD (PYUSD) stablecoin onto the Stablechain, according to an announcement by Stable on Monday. “This work with Stable reflects our commitment to expanding PYUSD’s utility across multiple blockchain ecosystems and driving adoption,” PYUSD ecosystem head David Weber said, highlighting Stable’s focus on fast and seamless financial transactions. The news came about two months after Stable emerged from…

New Regulations Expose Blockchain’s Privacy and Compliance Gaps

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Opinion by: Eran Barak, CEO at Shielded Technologies For more than a decade, crypto in the US has existed in a legal gray zone. Regulators have wavered between silence and sudden crackdowns, leaving developers, investors and institutions paralysed with doubt.  In 2025, this started to change. The SEC dropped its case against Binance, citing the need for more explicit rules. The Senate passed the GENIUS Act, introducing a federal framework for stablecoins. The odds of the CLARITY Act being signed into law are high. Even the White House has shifted…

Dogecoin (DOGE) Drops Over 5% – Is This the Start of a Bigger Crash?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

CZ’s Giggle Academy Gets $1.3M Boost from Crypto Donors

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Binance co-founder Changpeng “CZ” Zhao’s edutech venture, Giggle Academy, managed to amass over a million dollars in public donations within half a day, thanks mainly to a memecoin.  Giggle Academy’s donation address showed a balance of over 1,311 BNB (BNB) worth over $1.3 million at the time of writing, according to the BNB Smart Chain scan tool BscScan, after opening for donations on Sunday. A large portion of the donations came through a memecoin called “Giggle,” which was launched by the Giggle Fund, which has been sending trading fees charged…

Metaplanet increases Bitcoin holdings by 5,419 BTC to total 25,555 BTC

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Key Takeaways Metaplanet, a Japanese public company, bought 5,419 more BTC, raising total holdings to 25,555 BTC. At Bitcoin’s current price, Metaplanet’s BTC is worth around $2.9 billion. Share this article Metaplanet, a Japanese publicly traded technology and investment company, increased its Bitcoin holdings by 5,419 BTC today, bringing its total to 25,555 BTC. The acquisition reflects the company’s aggressive Bitcoin accumulation strategy throughout 2025, as it follows the model pioneered by Strategy, which holds 638,985 BTC. At current market prices of around $114,433 per Bitcoin, Metaplanet’s holdings are valued…