News with the tag "DAI"

Do Kwon, founder of Terraform Labs, pleaded guilty to fraud charges related to the $40 billion collapse of his firm's cryptocurrency ecosystem, while Qubic raises concerns over a potential 51% attack on Monero, and Circle announces a secondary offering of 10 million shares.

The Ethereum whale group '7 Siblings' sold $88.2 million in ETH within 15 hours, reflecting short-term profit-taking amid rising prices, while analysts project potential future price increases for ETH based on Bitcoin's performance.

The Ethereum Foundation sold 4,095.18 ETH for $18.747 million in DAI, a transaction likely part of routine treasury management to support development and ecosystem growth.

Stablecoin dominance in 2025 is split between USDC leading on Ethereum due to DeFi integration and transparency, and USDT dominating TRON and BSC due to lower fees and retail activity, with total stablecoin supply reaching $271.1 billion.

The article covers key developments in the cryptocurrency sector, including Bitcoin traders hedging against CPI data, Bullish expanding its IPO plan, and Paxos seeking a national bank trust charter.

Chainlink partners with ICE to integrate forex and precious metals data into blockchain, El Salvador approves a law allowing Bitcoin investment banks, and Trump-linked World Liberty Financial seeks $1.5 billion for a public crypto token vehicle.

President Donald Trump signed an executive order allowing 401(k) plans to include private equity, real estate, and cryptocurrency investments, while the SEC formally ended its lawsuit against Ripple Labs, and the Winklevoss twins invested in a Trump-linked Bitcoin mining firm.

Bitcoin's implied volatility has dropped to levels last seen in October 2023, while Bitcoin asset manager Parataxis Holdings plans to go public via a $400 million SPAC merger.

The U.S. Treasury holds a significant gold reserve officially valued at $11 billion but with a market value of over $750 billion, and a Federal Reserve research note explores the potential implications of revaluing these reserves.

The SEC clarified that liquid staking does not violate securities law, while former President Trump is preparing an order to penalize banks for dropping conservative and crypto clients, and the Michigan State Pension Fund significantly increased its Bitcoin ETF holdings.