Tag: News

Tether is spearheading a $150 million recovery package for Drift Protocol, contributing up to $127.5 million alongside $20 million from other partners. The initiative follows an April 1 exploit that drained approximately $270 million to $285 million from the Solana-based perpetual DEX. As part of the relaunch, Drift will pivot from USDC to USDT as its primary settlement asset for its 128,000 users. Tether has announced a strategic commitment...

BitMine Immersion Technologies posted a $3.82 billion net loss for the fiscal second quarter ended Feb. 28, 2026, primarily due to unrealized fair-value adjustments on its Ethereum holdings. The company now holds 4.87 million ETH, representing approximately 4.04% of the total circulating supply, as it nears its “Alchemy of 5%” ownership goal. Despite the net loss, quarterly revenue surged to $11.04 million, a 633% year-over-year...

Bitcoin exchange inflows reached their highest levels since late 2025, with over 65,000 BTC moved to platforms within 24 hours as prices tested $76,000. The share of large-holder deposits as a percentage of total inflows surged from under 10% to over 40%, signaling potential distribution by whales. Analysts identify the Traders’ On-Chain Realized Price at $76,800 as a critical psychological and technical barrier for current market...