The post Tether Burns 2.5 Billion USDT on Ethereum, Largest Supply Cut Since February appeared on BitcoinEthereumNews.com.
USDT News Tether removed 2.5 billion USDT from circulation on the Ethereum network on 7 July, on-chain data shows, the largest single-day burn of the dollar-pegged stablecoin since February. The move cut Tether’s total USDT supply to roughly 189.6 billion, most of it concentrated across Ethereum and TRON. Stablecoin issuers routinely destroy tokens when redeeming them for fiat, so a burn of this size is not, on its own, a directional market signal. Still, the scale stood out: it marked the sharpest contraction in USDT supply in nearly five months and immediately drew attention from traders tracking exchange liquidity and cross-chain flows. Unlike algorithmic stablecoins, USDT is backed by reserves, so burns reflect redemption activity. Separately, a leadership-linked ownership change surfaced at the company. Richard Heathcote, who stepped down as Tether’s chief inv
The post Ethereum holds Q3 gains as Tether burns $2.5B – Yet THIS catalyst remains appeared on BitcoinEthereumNews.com.
H2 is becoming a key period for network upgrades. Notably, Ethereum is right at the center of that. Its biggest upgrade since the Merge has entered the final testing phase. Known as Glamsterdam and targeted for H2 2026, the upgrade focuses on improving how Ethereum works at the protocol level. It introduces parallel transaction processing and gradually raises the gas limit from 60 million toward 200 million, changes designed to boost throughput. From an on-chain perspective, the timing couldn’t be better. Following Q2’s back-to-back DeFi exploits, which wiped more than $10 million from Ethereum’s TVL in immediate outflows, the network is still working to rebuild on-chain liquidity and user activity. As the chart below shows, Aave, Ethereum’s largest lending protocol, has seen its TVL drop to around $13 billion from nearly $35 billion in early Q1. Source: DeFiLlama Ag
The scrutiny over Farage's gift highlights growing concerns about crypto's influence in politics and the need for regulatory clarity.
The post Bankers file suspicious activity report over Farage’s £5M gift from Tether billionaire appeared first on Crypto Briefing.
The post Bankers Filed Suspicious Activity Report Over Farage’s £5M Gift From Tether Billionaire appeared on BitcoinEthereumNews.com.
In brief Bankers reported a £5 million ($6.7 million) gift to Nigel Farage from crypto billionaire Christopher Harborne to the UK’s National Crime Agency, the Guardian has reported. They filed a suspicious activity report in May 2024, saying they could not trace where the money ultimately came from; such a report is not proof of wrongdoing. Reporting on the SAR comes amid a standards investigation into whether Farage should have declared the gift, which he says he was under no obligation to do. Nigel Farage’s £5 million gift from billionaire Tether investor Christopher Harborne was flagged to the UK’s National Crime Agency by bankers, the Guardian has reported. The bankers filed a suspicious activity report, or SAR, with the agency on May 16 2024, according to the Guardian, which noted they were not satisfied they could trace the ultimate origin of the f
Ethereum mainnet is rarely described as cheap, but 1 gwei gas changes the tone. For users who have spent years avoiding mainnet transactions because of cost, this kind of fee environment creates a very different experien
Ethereum mainnet is rarely described as cheap, but 1 gwei gas changes the tone. For users who have spent years avoiding mainnet transactions because of cost, this kind of fee environment creates a very different experien
The post Tether Invests $20M in Mercado Bitcoin to Expand Brazil Operations appeared on BitcoinEthereumNews.com.
Tether backed Mercado Bitcoin with fresh funding to expand payments, lending and tokenized investments. Mercado Bitcoin serves 4.5 million users and has issued more than R$2 billion in tokenized assets. The deal reflects growing interest in Brazil’s regulated digital asset and blockchain finance market. Tether has invested $20 million in a funding round for Brazilian crypto platform Mercado Bitcoin, marking its latest investment in Latin America’s growing digital asset market. The companies announced the investment on July 7, saying the funding will help Mercado Bitcoin expand payments, lending, tokenized investments and capital markets as demand for blockchain-based financial services grows across the region. Mercado Bitcoin confirmed separately that the funding round raised R$100 million through its parent company, 2TM. The investment comes as Brazil continues to streng
The post Lido Price Surge Boosted by Robinhood and Anchorage appeared on BitcoinEthereumNews.com.
Something unusual happened to Lido’s LDO token on July 8, 2026. While Bitcoin slipped 0.78% and Ethereum edged down 0.96%, LDO posted a 16.79% gain in a single 24-hour window, climbing to $0.3269. The Lido price surge didn’t come from speculation alone — it came from two structural moves that fundamentally expand who can access liquid staking, and how. Key takeaways LDO surged 16.79% to $0.3269 on July 8, 2026, with 24-hour trading volume exploding 202.62% to $117.88 million. Lido enabled wstETH transfers directly to Robinhood, opening liquid staking rewards to mainstream retail investors. A partnership with Anchorage Digital — a federally chartered US crypto bank valued at $4.2 billion — lets institutional clients mint and redeem wstETH inside a regulated custody environment. Lido secured Web3SOC certification, a compliance milestone that signals readiness for risk-averse institutional ca
