Tether stablecoin flips Ether by market cap as ETH routs to $1.5K

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.

Stablecoin supply has reportedly reached $315 billion, but Ether remains pressured by ETF outflows, volatility and delayed upgrade narratives.

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

Bitcoin faces $11b options expiry as BTC and ETH trade below max pain, with traders watching $60,000 support and downside hedging this week.

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

BitMine staked 160,480 more ETH as BMNR prepares for Russell 1000 entry, lifting staked holdings to 4.88m ETH, Lookonchain says.

The payments company announced on Tuesday native integration with Brazil’s fast payment network Pix, allowing users to purchase and spend USDT with Oobit’s platform. The action targets a market of over 170 million users part of the Pix network. Oobit Expands USDT Rails to Brazil’s Pix Network, targets 170 Million Potential Users Oobit, a payments […]

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