Author: altcoinvest
A group of 21 banks and financial firms including Bank of America, Wells Fargo, Citigroup and Goldman Sachs are preparing to launch a dollar stablecoin for business payments across borders. The firms say they will form a new company in the second half of 2026 and aim to have the token live in the first half of 2027, reports the Wall Street Journal. Stablecoin are digital tokens meant to stay pegged to a currency, in this case the U.S. dollar. The first customers are meant to be companies sending money overseas. Some regions may later offer it to regular customers.…
XRPL builders can use the dashboard to identify untested edge cases without having to manually inspect every amendment specification. XRPL developer Denis Angell launched a live dashboard this week that scores every amendment on the XRP Ledger for how much of its functionality has actually been exercised on devnet before it reaches mainnet. The tool turns amendment readiness, previously a matter of trust in the process, into a public scorecard that shows exactly which transaction types, fields, and result codes have never been touched by a real transaction. What the Dashboard Actually Tracks Angell built the tool, hosted at…
Tether reported $1.3 billion in Q2 net operating profit in its latest BDO attestation statement, while excess reserves rose to $5.2 billion above full USDT backing. The figures keep Tether at the center of the stablecoin market’s profitability and reserve debate. USDT remains the largest dollar stablecoin in crypto, and Tether’s reserve earnings have become one of the most closely watched financial stories in the sector. The main driver is familiar: interest income from large holdings of U.S. Treasury assets. But the details still need careful wording. Net operating profit is not the same as total reserves, and excess reserves…
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Arkham claimed that Multicoin now holds just over 25% of its peak HYPE stack after another 10% sale by the firm. Multicoin Capital has sold another 10% of its HYPE holdings, according to blockchain analytics platform Arkham Intelligence. Still, HYPE remains its largest holding, currently worth around $90.5 million. The investment firm had accumulated the tokens between February and March this year and has held the position for more than six months. Slashing HYPE Arkham stated that Multicoin held 4 million HYPE at its peak and now owns just over 25% of that amount. Earlier this week, the firm…
TL;DR Fixed Rate Rewards is a new addition to Kraken Earn that gives eligible clients a fixed APY of up to 6% on cash and stablecoin balances. Clients pick a 3, 6, 12, or 18-month term and lock in their rate for the full duration, with no rate drift. Rewards compound weekly into the locked allocation, and clients can opt in to auto-renew so balances renew automatically at maturity. Available on USD, EUR, USDT, USDC, and USDG balances, in Kraken’s Consumer and Pro apps, on web and mobile. If you’re holding cash or stablecoins on Kraken and want a straightforward…
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Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Mar 2024 About Author Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Last updated: September 3, 2026 XRP price jumped +4% today, currently trading at $1.38, after touching a low of $1.3409. An interesting move, but the number underneath it is more interesting than the candle itself. Bitwise research analyst Ryan Rasmussen told an audience of roughly 400 wealth managers this week that XRP generated more questions than any other cryptocurrency…
On August 19, Bitcoin ripped through $67,000 and set off the largest single-day short squeeze in Bitcoin’s history — over $1.1 billion in short positions liquidated in a day. It was the first time that figure had ever cleared a billion for BTC alone, comfortably beating the old records of $757 million (May 2021) and $694 million (November 2025). The surge broke Bitcoin out of the $62,000-$66,000 range that had worn out both buyers and sellers for ten weeks. Several forces were behind it: a bigger U.S. Treasury bond buyback programme, renewed spot ETF inflows, fresh SEC proposals easing crypto’s…