Stablecoin Supply Peaks At $315B As Risk-Off Capital Depresses Ether

StablecoinX closes its SPAC merger with TLGY and lists on NASDAQ as the first public company built on the Ethena stablecoin ecosystem. StablecoinX has officially closed its business combination with TLGY Acquisition Corp.  The combined company marks a key milestone in crypto capital markets. It is now the first publicly traded pure-play stablecoin infrastructure company.  […] The post StablecoinX Goes Public as First Ethena Infrastructure Company appeared first on Live Bitcoin News.

Ethereum has extended its weekly decline as a multi-billion-dollar options expiry, institutional selling, and a hawkish Federal Reserve outlook have driven the token back toward its key $1,500 support. According to data from crypto.news, Ethereum (ETH) fell about 7% to…

US Bitcoin ETFs recorded $696.3 million in outflows as Bitcoin slipped below $60,000, lifting year-to-date losses to $4.6 billion.

Tether’s USDT briefly topped ETH by FDV as Ethereum hit a 2026 low, showing stablecoin strength while Ethereum faces market and internal pressure.

SharpLink bought 5,000 ETH after eight months as Ether hit a 2026 low, lifting holdings to 876,285 ETH before Russell index entry.

Ether prices are currently back at crucial long-term support levels last visited in October 2023 and April 2025.

In May, Sharplink CEO Joseph Chalom named three catalysts that could push up the price of Ether, some of which have begun to materialize.