Author: driver789
Western Union has launched its US dollar-denominated USDPT stablecoin on Solana, marking its first move into blockchain-based payments and onchain settlement for its global remittance network. One of the crypto infrastructure platforms involved in the launch, Fireblocks, said on Monday that USDPT is initially being rolled out in Bolivia and the Philippines, while Western Union said it plans to expand the stablecoin to more than 40 countries in 2026.Major remittance companies have been eyeing stablecoins after the passage of the stablecoin-friendly GENIUS Act in July. MoneyGram started offering USDC (USDC) stablecoin services in Colombia in September, while Zelle announced plans to…
The upcoming Ethereum scaling upgrade is drawing attention across the market, raising a critical question about whether a major leap in network capacity can translate into equally strong price growth. The idea sounds straightforward, but the relationship between infrastructure and valuation is rarely that direct. Does A 300% Capacity Increase Translate To A 3x Ethereum Price Move? The conversation begins with the expected “Glamsterdam” upgrade, recently highlighted by crypto commentator @Hasufl. The upgrade is set to raise Ethereum’s gas limit from about 60 million to roughly 200 million, marking a jump of more than three times its current execution capacity.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum remains one of the leading digital assets ever launched. Despite being around for many years, Ethereum is still seeing major attention and interest from retail and institutional investors across the crypto and financial sectors. A pundit recently flagged the altcoin as one of the cleanest assets currently in the space. Capital is Flowing Back Into Ethereum A strong endorsement of Ethereum is gaining notable attention in the crypto community. While ETH’s price may have fallen sharply from its all-time high, the altcoin is still sought by…
Bitmine Immersion Technologies said its Ethereum holdings reached 5,180,131 ETH as of May 3. Summary Bitmine added 101,745 ETH last week, pushing total Ethereum holdings to 5.18 million tokens now. Staked ETH reached 4.36 million tokens, giving Bitmine about $10.2 billion in staked assets. Ethereum Foundation sales added context as Bitmine moved closer to its 5% ETH supply target. The company valued the position at $2,336 per ETH and said the holdings equal about 4.29% of the total ETH supply. The company said its crypto, cash, and other listed holdings totaled $13.1 billion. That figure included 5.18 million ETH, 200…
Ethereum price is eyeing a breakout from the $2,400 resistance, which has capped the token’s gains over the past week. Summary Ethereum price is testing the $2,400 resistance after rebounding to $2,393, with repeated rejections keeping its price within a tight range. Technical indicators signal potential upside, with a looming MACD bullish crossover and Supertrend remaining in an uptrend since mid-March. ETF inflows ($101M) and declining exchange reserves (14.5M ETH, lowest since 2016) point to improving demand and reduced sell pressure. According to data from crypto.news, Ethereum (ETH) price rebounded 3.5% to $2,393 on May 4 before facing rejection at…
Ethereum whale activity has increased as large holders added more ETH over the past four days. Summary Ethereum whales added 140,000 ETH in 96 hours as price remained near $2,300. ETH must hold $2,200 support to avoid renewed pressure toward the $1,900 zone. A clean move above $2,400 may open Ethereum’s path toward $2,800 resistance. According to Ali Charts, whales accumulated over 140,000 Ethereum in 96 hours, worth about $322 million. The buying comes as ETH trades near $2,305.11. The asset recorded a 0.1% gain in 24 hours, while it remained down 1.04% over the past seven days. Daily trading…
Bitcoin failed to hold its weekend move near $79,000 as traders weighed the latest FOMC decision, U.S.-Iran tension, and mixed altcoin action. Summary Bitcoin rejected near $79,000 as traders stayed cautious after the Fed left rates unchanged again. Iran peace talks affected risk appetite, limiting Bitcoin’s follow-through despite support near $78,000 this week. XRP held its range while Algorand led altcoin gains with a strong daily advance. The wider crypto market stayed calm, while XRP held near $1.39 and Algorand led daily gains. Bitcoin traded near $78,402 after touching an intraday high of $78,963, according to live market data. The…
The Ethereum Foundation has completed another over-the-counter ETH sale to BitMine Immersion Technologies. Summary Ethereum Foundation sold 10,000 ETH to BitMine, marking its third OTC deal in two months. Community members questioned repeated ETH sales after the foundation also unstaked about $40 million in assets. The foundation says ETH sales support operations, grants, protocol research, and wider ecosystem development work. The move came as the foundation continued to face questions over its treasury activity, grant funding, and recent unstaking of ETH. The Ethereum Foundation sold 10,000 ETH to BitMine at an average price of $2,292 per coin. The deal was…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum Foundation has completed another over-the-counter sale of its ETH holdings, this time offloading 10,000 ETH to BitMine Immersion Technologies as the counterparty. The transaction follows a continuing pattern of structured selling that has defined the Foundation’s treasury activity in recent months. Ethereum Foundation Completes Third Deal With Bitmine In an X post on May 1, the Ethereum Foundation reports its latest transaction with Bitmine involving an OTC sale of 10,000 ETH. The announcement explains that proceeds from the sale are earmarked for the Foundation’s core…
Brazil’s central bank has banned electronic foreign exchange (eFX) providers from using stablecoins, bitcoin or other cryptocurrencies to settle overseas remittances.BCB Resolution No. 561, published April 30, updates rules for eFX, Brazil’s regulated system for digital international payments, purchases, withdrawals and transfers. The rule takes effect October 1, with adaptation deadlines running into 2027.Payments between an eFX provider and its foreign counterparty must move through a foreign exchange transaction or a non-resident real-denominated account in Brazil, with cryptocurrencies barred as an option.A remittance firm cannot take reais from a customer, convert the funds into USDT, USDC or bitcoin and settle…