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Homepage > News > Business > US Senate Committee’s stablecoin approval throws Tether lifeline The U.S. Senate is making progress in approving legislation governing stablecoins, opening the door a little wider for Tether in the process. On March 13, the Senate Banking Committee made history by approving the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act introduced last month by Sen. Bill Hagerty (R-TN). The 18-6 vote included support from five Democrat committee members, offering hope for bipartisan consensus when the bill comes up for a vote by the full Senate, something Hagerty hopes will occur by the…

Bybit CEO Ben Zhou has raised concerns about decentralized exchanges (DEXs) and their risk management mechanisms following a massive Ethereum (ETH) liquidation on Hyperliquid. The event saw a whale strategically liquidate a 175,000 ETH position with 50x leverage, resulting in a $4 million loss for Hyperliquid’s liquidation engine, HLP Vault. Ultimately, the whale secured a net profit of $1.8 million.Zhou pointed out that both CEXs and DEXs face challenges in managing whale liquidations. He suggested that while lowering leverage is a short-term solution, it may hurt business by discouraging high-leverage traders. Instead, he proposed alternative risk control measures, such as…

Ether’s (ETH) price has been consolidating within a roughly $130 range over the last seven days as $2,000 remains strong overhead resistance.Data from Cointelegraph Markets Pro and Bitstamp shows that ETH price oscillates within a tight range between $1,810 and $1,960.ETH/USD daily chart. Source: Cointelegraph/TradingViewEther price remains pinned below $2,000 for several reasons, including declining Ethereum’s weak network activity and decreasing TVL, negative spot Ethereum ETF flows, and weak technicals.Negative spot Ethereum ETF outflowsThe underperformance in Ether’s price can be attributed to investors’ risk-off behavior, which is visible across the spot Ethereum exchange-traded funds (ETFs). ETH outflows from these investment…

Ether’s (ETH) price has been consolidating within a roughly $130 range over the last seven days as $2,000 remains strong overhead resistance.Data from Cointelegraph Markets Pro and Bitstamp shows that ETH price oscillates within a tight range between $1,810 and $1,960.ETH/USD daily chart. Source: Cointelegraph/TradingViewEther price remains pinned below $2,000 for several reasons, including declining Ethereum’s weak network activity and decreasing TVL, negative spot Ethereum ETF flows, and weak technicals.Negative spot Ethereum ETF outflowsThe underperformance in Ether’s price can be attributed to investors’ risk-off behavior, which is visible across the spot Ethereum exchange-traded funds (ETFs). ETH outflows from these investment…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum (ETH) is trading at its lowest levels since late 2023, struggling to regain momentum after an extended period of selling pressure. Since December 2024, ETH has lost over 57% of its value, failing to reclaim key resistance levels.…

Bitcoin, the world’s largest cryptocurrency, started 2025 on uncertain footing after reaching record highs in late 2024. By early March, its value had dropped by more than 20% after climbing past $100,00 in December, raising concerns about broader market stability.This downturn has had ripple effects across the digital asset space, particularly on Ethereum—the backbone of the NFT market. As Bitcoin and Ethereum prices slide, questions arise about how the NFT sector will respond. With declining market activity, shrinking investor participation, and environmental concerns resurfacing, the NFT landscape faces significant challenges.The decline has been attributed to economic instability, regulatory pressures, and…

While most analysts expect the crypto bull cycle to continue until the end of 2025, concerns over an economic recession in the United States, along with crypto’s “circular” economy, may still threaten crypto valuations.Despite the recent market correction, most crypto analysts expect the bull cycle to peak after the third quarter of 2025, with Bitcoin (BTC) price predictions ranging from $160,000 to above $180,000.Beyond external concerns, such as a potential recession in the world’s largest economy, crypto’s biggest industry-specific risk is the “circular” nature of its economy, according to Arthur Breitman, the co-founder of Tezos.“Within the industry, the main risk…

Circle Internet Group, the firm behind the USDC stablecoin, announced plans on Thursday to bring its newly acquired Hashnote Tokenized Money Market Fund (TMMF) under Bermuda’s regulatory oversight. “Bermuda is the natural choice as regulator and home for USYC and our tokenized money market operations,” –@jerallaireWith our long-standing comprehensive licensing from the Bermuda Monetary Authority, we are sharing plans to bring recently acquired Hashnote TMMF under our… pic.twitter.com/hrz7fzoxoA— Circle (@circle) March 13, 2025 Circle is expanding its regulatory framework by integrating USYC, one of the largest tokenized money market funds, into its existing Digital Assets Business Act (DABA) license.Circle Bermuda’s…

Official Trump showed signs of forming a short-term range formation below $12.2. The OBV showed that selling pressure had begun to increase in recent hours. The short-term performance of Official Trump [TRUMP] has been uninspiring. Since reaching the local resistance around $12.5 on the 15th of March, TRUMP receded by 10.55% and was trading at $11.19 at press time. Mondays tend to see heightened volatility and can set the tone for the week’s price trends. AMBCrypto examined the liquidation heatmaps of Official Trump to understand what the next short-term trends could be. Is TRUMP forming a range below $12.2? Source:…

The crypto project backed by US President Donald Trump has acquired another multi-million-dollar batch of digital assets, on-chain data shows. According to blockchain tracking firm Lookonchain, World Liberty Financial (WLFI) bought about $2 million worth of Avalanche (AVAX) and Mantle (MNT). Avalanche is a layer-1 Ethereum (ETH) rival, while Mantle is a prominent Ethereum layer-2 scaling solution. However, Lookonchain notes that WLFI’s portfolio, which includes more than 11 crypto assets, is losing on every single token, down nearly $120 million in total. “Trump’s World Liberty [Financial] bought 103,911 AVAX ($2 million) and 2.45 million MNT ($2 million)… In total, World…