Tether burns $3B USDT on Ethereum, largest since February 2026

South Korean financial super-app Toss has signed a strategic agreement with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won-linked stablecoins through a three-month technology verification program. According to a press release shared with crypto.news, the financial…

The post Solana Breaks Bitcoin Downtrend as SOL Price Targets $90 Resistance appeared on BitcoinEthereumNews.com. Key Insights Solana crypto breaks a year-long downtrend against Bitcoin as analysts keep a positive outlook on the coin. Crypto Scient sees a move toward $90 and points to the $78-$74 zone as a buying area on a pullback. Strong July returns over the past five years have kept Solana in focus among market watchers. Solana crypto returned to focus after Michaël van de Poppe identified a break above a year-long downtrend against Bitcoin. The relative-strength shift came as SOL traded near $80 and analysts watched for further upside. However, the SOL/BTC breakout does not automatically confirm a dollar-price breakout. On the SOL/USD chart, traders still face separate resistance before the token can approach higher targets. Solana Crypto Price Breaks Above Long Downtrend SOL price is attracting fresh attention after crypto analyst Michaël van de Poppe shared a positive view on th

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 Bitcoin price faces $60K test as U.S.-Iran conflict escalates appeared on BitcoinEthereumNews.com. Bitcoin traded under pressure as renewed U.S.-Iran strikes pushed traders toward the dollar and oil. Summary Bitcoin held near $62,800 as U.S.-Iran strikes lifted oil, dollar, and pressure across crypto markets. ETF inflows supported Bitcoin, but MACD, RSI, and resistance still showed limited bullish confirmation overall. K33 said underwater Bitcoin supply suggests late-cycle stress, though another deeper downside move remains possible. According to the crypto.news market data, the asset traded at around $62,920. The token stayed close to the $62,000 area after falling about 1% during Asian trading, with Ether, XRP, and Solana also weaker. The move came as the U.S. and Iran exchanged fresh strikes, according to Reuters. Oil rose as traders priced in renewed risk around the Strait of Hormuz, while the Dollar Index held near 101. A stronger dollar and higher oil prices can reduce d

Bitcoin trades near $62,800 as U.S.-Iran strikes lift oil and dollar, while ETF inflows, charts and K33 loss data shape the BTC outlook.

The post Crypto Regulations in Bhutan 2026: Tax, Bitcoin Reserve, GMC, and Banking Rules appeared on BitcoinEthereumNews.com. The post Crypto Regulations in Bhutan 2026: Tax, Bitcoin Reserve, GMC, and Banking Rules appeared first on Coinpedia Fintech News Bhutan has taken a unique approach to crypto. While the government limits retail crypto use through the country’s banking system, it has also become one of the world’s largest state-backed Bitcoin miners and is using Bitcoin to support its long-term economic plans. A key part of this strategy is Gelephu Mindfulness City (GMC), a special … Source: https://coinpedia.org/cryptocurrency-regulation/crypto-regulations-in-bhutan/

The post Bitcoin Price Stability Supported by Grayscale Analysis appeared on BitcoinEthereumNews.com. Strategy’s decision to sell 3,588 bitcoin for approximately $216 million — its largest sale since abandoning its once-famous never-sell stance — might have rattled nerves. Instead, the market barely flinched. Grayscale stepped in with an analysis explaining why, and what it could mean for Bitcoin price stability going forward. Key takeaways Strategy sold roughly 3,588 BTC for approximately $216 million, its biggest Bitcoin sale on record. Grayscale’s analysis found the proceeds boosted dollar reserves enough to cover about 17 months of dividend payments. The primary goal: reduce financing risks tied to Bitcoin ownership. Markets responded positively, with $STRC rebounding following the analysis. Bitcoin traded in the low $63,000s after briefly touching $64,400, still up roughly 6% on the week despite thin trading volume. Grayscale’s Strategic Read on a $216 Million Bitcoin Sale When St

The post Secret Network SCRT Migration to Arbitrum Highlights Risks appeared on BitcoinEthereumNews.com. Secret Network is pushing for one of the more dramatic moves in the Cosmos ecosystem: a full Secret Network SCRT migration from its current Cosmos-based chain to Arbitrum, the Ethereum layer-2 network. The proposal, published in a July 7 governance post, frames the shift as a response to real and growing threats — a fresh bridge exploit, a deteriorating liquidity environment, and code that is aging in an era when AI tools are making old vulnerabilities cheaper to exploit. Key takeaways Secret Network proposes migrating SCRT to Arbitrum as a new ERC-20 token via a one-time snapshot on September 1. A recent $4.7 million Axelar-Secret bridge exploit is a central driver of the security case for migration. Only native and staked SCRT balances qualify for the snapshot; bridged, contract-held, sSCRT, and IBC assets are excluded. The migration requires a community governance vote and will n