Author: CryptoPress

Stablecoin issuer Tether has signed an agreement with an unnamed Big Four accounting firm to perform its first full independent financial statement audit.The move follows the 2025 passage of the GENIUS Act, which mandates rigorous annual audits for stablecoin issuers with high transaction volumes.Tether’s reserves, currently valued at approximately $184 billion, have historically been verified only through point-in-time attestations. ...

Bernstein analysts believe Bitcoin has found its local trough and is now positioned for a move toward $150,000 by year-end 2026. The firm points to resilient institutional demand and spot Bitcoin ETF inflows, which have absorbed over $56 billion to date. MicroStrategy (Strategy) continues to act as a “central bank of last resort” for Bitcoin, now holding approximately 3.6% of the total circulating supply. Bernstein’s research...

Bitcoin has risen 10% since late February, while gold prices have plunged 15% to $4,407.37 per ounce in a rare safe-haven reversal.U.S. spot Bitcoin ETFs recorded $2.5 billion in net inflows this month, contrasted by massive outflows from major gold tracking funds like GLD. The shift suggests a growing institutional acceptance of Bitcoin’s fixed supply of 21 million as a hedge against global instability. In a significant departure from...

The Solana Foundation launched the Solana Developer Platform (SDP) on Tuesday, a unified API interface designed to streamline blockchain integration for financial institutions. Early adopters include Mastercard, Western Union, and Worldpay, focusing on stablecoin settlement and cross-border payments. The platform features three core modules: Issuance, Payments, and a forthcoming Trading module, supporting GENIUS-compliant stablecoins and...

Spot gold has fallen 25% from its January all-time high of $5,594, touching intraday lows near $4,098. A Trump-stoked equity turnaround saw the Dow Jones jump over 800 points, draining liquidity from precious metals. Analysts cite margin calls and a “dash for cash” as investors liquidate gold to cover losses in other asset classes. Gold prices suffered an aggressive correction on Monday, as spot gold surrendered one-fourth of...