Binance sees 114% rise in crypto payments, median size up to $18

The post Tether USDT Burn Marks Largest Ethereum Reduction in 2026 appeared on BitcoinEthereumNews.com. On July 7, 2026, Tether executed a $2.5 billion USDT burn on the Ethereum network — its largest single reduction of stablecoin supply since February 2026. The move landed the same day Binance’s USDT balance on the Tron network slipped below a key threshold, raising questions about what these two simultaneous shifts say about stablecoin liquidity and cross-chain dynamics heading into mid-2026. Key takeaways Tether burned $2.5 billion worth of USDT on Ethereum on July 7, 2026, its largest single burn since February 2026. Binance’s USDT balance on the Tron network fell to approximately $806 million, dropping below the $1 billion mark. That Tron balance represents Binance’s lowest USDT holding on the network since December 29, 2025. USDT burns are typically linked to treasury management and cross-chain rebalancing, not to supply destruction in the traditional sense. Analysts flagged the

The post Binance Crypto Payments Surge 114% in One Year appeared on BitcoinEthereumNews.com. Something quietly significant is happening inside the world’s largest crypto exchange. Binance crypto payments have surged 114% over the past year, a jump that goes well beyond a single platform milestone — it signals a genuine shift in how people are actually using digital assets in their daily financial lives. Key takeaways Binance recorded a 114% increase in crypto payments over the past year, reflecting rapid growth in real-world usage. The median payment size on Binance Pay rose from $10 to $18, suggesting users are transacting with greater confidence and larger amounts. Stablecoins dominate the payment landscape on the platform, serving as the primary asset class behind the volume growth. Binance views the surge as evidence of growing mainstream confidence in cryptocurrency as a functional payment method, not just a speculative asset. Market observers are watching how this payment growth

The post Binance Alpha TAC Token Crashes 90% appeared on BitcoinEthereumNews.com. TAC drops over 90% in 15 minutes after Binance Alpha listing, with no confirmed hack or official cause yet. Binance Alpha-listed TAC fell more than 90% within 15 minutes, dropping near $0.0063. The move erased millions in market value and surprised traders. No confirmed hack or protocol exploit had been reported at the time. Binance and the TAC team had not issued an explanation. TAC is backed by TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group. The project has around $11.5 million in venture backing. The project is building an EVM-compatible blockchain for the TON and Telegram ecosystem. Traders are now watching whether TAC can stabilize after the selloff. TAC Flash Crash Shakes Binance Alpha Market TAC faced heavy selling pressure during a sharp 15-minute market move.  The token was listed on Binance Alpha and Binance Futures in July 2025. Therefore, the crash drew attention

TAC drops over 90% in 15 minutes after Binance Alpha listing, with no confirmed hack or official cause yet. Binance Alpha-listed TAC fell more than 90% within 15 minutes, dropping near $0.0063. The move erased millions in market value and surprised traders. No confirmed hack or protocol exploit had been reported at the time. Binance […] The post Binance Alpha Token $TAC Nosedives 90% as VC-Backed Project Stuns Traders appeared first on Live Bitcoin News.

Swyftx's licensing positions it as a key player in Australia's evolving crypto market, potentially driving industry consolidation and innovation. The post Swyftx secures Australian license to expand into crypto payments appeared first on Crypto Briefing.

The post Swyftx Eyes Crypto Payments After Securing License appeared on BitcoinEthereumNews.com. Australian crypto exchange Swyftx says it will be seeking opportunities in the crypto payments space after securing a license from Australia’s market regulator.  Swyftx said on Wednesday that it received its Australian Financial Services License (AFSL), joining the likes of Coinbase, BTC Markets and Crypto.com. The license allows it to offer derivative products, such as crypto options or futures, to retail customers, as well as non-cash payment facility authorization, setting up the fintech to offer payment services to business and retail clients. It does not hold an AFSL to offer spot crypto.  “Swyftx won’t be a pure crypto spot exchange in future,” Swyftx interim co-CEO Andrea Yuen told Cointelegraph. “In particular, we see a lot of opportunity in the payments space following local changes to credit card surcharging.” From Oct. 1, Australian businesses will be banned from adding surcharge

Swyftx interim co-CEO Andrea Yuen says the company "won’t be a pure crypto spot exchange in future,” after it secured a license allowing it to offer payment services.

The post TON Ventures-Backed TAC Token Crashes 90% In Minutes, Exposing Binance Listing Perils appeared on BitcoinEthereumNews.com. The crypto market witnessed another stark reminder of exchange-listed token fragility on Tuesday, as TAC — a project backed by TON Ventures and Hack VC — plummeted more than 90% in a 15-minute window, landing near $0.0063. The flash crash, detailed in a market update from WuBlockchain, wiped out the majority of the token’s value after its first year of trading on Binance Alpha and Binance Futures. TAC first listed on Binance’s Alpha launchpad and the exchange’s futures platform in July 2025, giving it an immediate liquidity advantage over many early-stage projects. The team is building an EVM-compatible layer-2 network designed to bring Ethereum-style smart contracts into the TON and Telegram ecosystem, a niche that has attracted investment from Animoca Ventures, Symbolic Capital, and Spartan Group alongside lead backers TON Ventures and Hack VC. The crash