Tether CEO Paolo Ardoino scaled back the company’s $20 billion funding plan, calling the target a “misconception,” while maintaining a $500 billion valuation. Tether, the issuer of USDt — the largest stablecoin by market capitalization — has reportedly scaled back an ambitious $20 billion funding plan announced last fall amid investor skepticism. The company’s advisers...Continue Reading

Base’s Jesse Pollak says L2s can’t be “Ethereum but cheaper” as builders respond to Vitalik Buterin’s call for specialization. Several layer-2 builders responded after Ethereum co-founder Vitalik Buterin said the original vision of L2s as the primary scaling engine “no longer makes sense,” calling for a shift toward specialization. In a Wednesday post, Buterin argued...Continue Reading

The Canadian self-regulatory organization outlined custody limits, capital thresholds and reporting rules while long-term regulation remains in progress. The Canadian Investment Regulatory Organization (CIRO) has formalized its interim framework governing the custody of crypto and tokenized assets. The move outlined how dealer members are expected to safeguard client holdings while permanent crypto-specific rules remain under...Continue Reading

Ether risks declining toward the $1,665-$1,725 range in February, according to a confluence of bearish technical and on-chain indicators. The price of Ethereum’s native token, Ether (ETH), risks sliding below $2,000 in February as a classic bearish setup plays out. Key takeaways: ETH breakdown keeps $1,665 downside target in focus. Read moreContinue Reading

Company pushes back after reports suggest a $9B Bitcoin sale by a wealthy client was tied to quantum computing fears. Galaxy Digital denied that a $9 billion Bitcoin sale by one of its clients was linked to quantum computing risks, countering speculation after its earnings call. Following the company’s earnings call, crypto community members pointed...Continue Reading

Base is rolling out month-long infrastructure upgrades aimed at preventing future transaction delays and improving overall network reliability. Coinbase’s Ethereum layer-2 network Base said recent slow or missing transactions were caused by a configuration error that has been fixed. Over the weekend, Base users experienced elevated transaction drops and delays in getting transactions included onchain....Continue Reading

Spot Bitcoin ETF AUM fell below $100 billion after $272 million in outflows, pushing year-to-date losses close to $1.3 billion. Assets in spot Bitcoin (BTC) ETFs slipped below $100 billion on Tuesday following a fresh $272 million in outflows. According to data from SoSoValue, the move marked the first time spot Bitcoin ETF assets under...Continue Reading

Ethereum’s validator backlog has surged past 4 million ETH, pushing wait times beyond 70 days as more than 30% of supply is now locked in staking. Bitwise Asset Management is reportedly acquiring institutional staking provider Chorus One, extending its push into cryptocurrency yield services. The acquisition adds a major staking operation to the crypto asset...Continue Reading

Aave says all current and future products will move under Aave Labs, while the Family wallet iOS app is wound down and user accounts remain supported. Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding. Aave founder and CEO Stani...Continue Reading

The grocery giveaways come as Kalshi and Polymarket continue to top overall prediction market trading volumes, which are now consistently above $400 million per day. Two leading prediction market platforms, Polymarket and Kalshi, have both turned to giving away groceries amid a fight for dominance in the fast-growing prediction markets space. Kalshi offered a $50...Continue Reading