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Tag: Breaking

Binance Enables Direct USD Bank Transfers in Venezuela via BPay Global

Binance has integrated BPay Global to allow Venezuelan users to deposit and withdraw U.S. dollars directly between the exchange and local bank accounts. The service supports SWIFT transfers, credit/debit cards, and mobile payments like Apple Pay, offering a regulated alternative to the traditional P2P market. The rollout follows a broader regional expansion in Latin America, aiming to provide stablecoin liquidity and value preservation in a...

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Bitcoin Slides Below $70,000 as Middle East Tensions Escalate and Trump Issues Strait Deadline

Bitcoin fell 3% to $68,000 as of Thursday morning, reacting to the widening conflict in the Middle East and increased military presence in the region. President Trump has issued a Saturday deadline for the reopening of the Strait of Hormuz, a critical maritime route where one-fifth of global crude oil transit is currently stalled. Market volatility has spiked with oil prices rising and traditional equities sliding, challenging...

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MemeCore (M) Outperforms Major Memecoins as ‘Cultural Finance’ Narrative Gains Traction

MemeCore (M) jumped 13% in 24 hours, hitting a market capitalization of $3.6 billion and securing its spot as the 30th-largest cryptocurrency. While legacy memecoins like DOGE, SHIB, and PEPE faced losses, MemeCore saw a monthly gain of 50%. The surge is attributed to the project’s positioning as a dedicated Layer-1 blockchain for “cultural finance,” supporting decentralized applications and gaming. MemeCore (M) has...

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Balancer Labs to Wind Down as Protocol Shifts Toward DAO-Led Structure

Balancer Labs, the corporate entity behind the Balancer protocol, is winding down due to legal liabilities and unsustainable operating costs. The decision follows a $116 million exploit in November 2025 that caused Total Value Locked (TVL) to plummet from $800 million to approximately $158 million. New governance proposals suggest cutting BAL emissions to zero, phasing out veBAL, and directing 100% of protocol fees to the DAO treasury. ...

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Tether Taps Big Four Accounting Firm for Inaugural USDT Reserve Audit

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. ...

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