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Bitwise Chief Investment Officer Matt Hougan believes stablecoin issuer Tether could become the world’s most profitable company if emerging markets shift to using USDT as a primary currency. In a new Bitwise blog note, Hougan says that Tether already holds a near-total share of the stablecoin market in many non-Western countries. “But Tether is targeting a very large market. It has a nearly 100% share of the stablecoin market in non-Western countries. There’s a chance that many emerging market countries will convert from primarily using their own currencies to using USDT. If that happens, Tether could end up managing trillions of dollars and capturing all of the interest.” At current rates, Hougan projects that if Tether can reach $3 trillion in assets, its profits could surpass Saudi Aramco’s record $120 billion in 2024. “For context: In 2024, Saudi Aramco turned in the most profitable year in corporate history, earning $120 billion. At current...

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Cardano’s (ADA) short-term bullish momentum might be short-lived as whales signal potential selling of the asset. Specifically, whales have moved a staggering $110.5 million worth of ADA, according to on-chain data tracked by Whale Alert on September 29.  These transfers, involving 70,187,366 ADA valued at $56.2 million and 67,926,042 ADA worth approximately $54.3 million, were moved between unknown wallets and Coinbase.  ADA whale transaction. Source: Whale Alert Such large transactions often suggest that major players are either preparing to sell or rebalancing their portfolios, which could lead to increased volatility in the ADA market. This outlook comes as ADA continues to trade in line with broader cryptocurrency market sentiment. As of press time, the asset was valued at $0.79, gaining over 3% in the past 24 hours, while on the weekly timeline, Cardano has corrected by about 3.4%. ADA seven-day price chart. Source: Finbold ADA price predictio...

Cryptocurrency-based ETFs have seen a substantial increase in demand over the last year. The US SEC made history when it approved several Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024. While ETFs have played a significant role in the current market cycle, many are curious if a memecoin like Shiba Inu (SHIB) will ever get an ETF approval from the SEC. Let’s discuss. Will Shiba Inu (SHIB) Ever Get An ETF? Source: CoinGape The cryptocurrency industry in the US has seen a dramatic shift in 2025. The Trump administration has been very vocal about its support for the crypto sector. The SEC has also seen a change in its vision for the future of cryptocurrencies in the country. However, ETF approvals for memecoins, like Shiba Inu (SHIB), are still uncertain. According to White House crypto czar David Sacks, memecoins are neither securities nor commodities. In an interview, Sacks stated, “ It’s like a baseball card or a stamp. People buy it because they want to commemorate something....

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A widely followed crypto analyst is issuing a warning, telling traders that the overwhelming majority of altcoins will soon be seeing red. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 255,400 followers on X that 99% of altcoins will soon see a downturn followed by a weeks-long period of consolidation, ultimately culminating in a massive swing to the upside sometime in December or January. However, the trader notes that his theory would be invalidated if Bitcoin (BTC) breaks the $120,000 level and continues to push on with strength. “-Downtrend followed by chop for 99% of altcoins and then full ripping in December/January. -Majors and coins w/ DAT (digital asset treasury) flows hold up okay, the rest of the market pulls back in the short/mid term. -99% of alts will continue pulling back for the next few weeks and this will be followed by a few weeks of consolidation. -Not all hope is lost; I think December/January is going to be ver...

Decentralized finance (DeFi) continues to reinvent how capital flows across the internet, offering alternatives to traditional financial products with programmable, transparent, and borderless structures. Among the most impactful innovations are fixed-rate lending and yield tokenization—two mechanisms that not only address long-standing inefficiencies in DeFi but also open new horizons for liquidity, risk management, and income generation. In this article, we’ll explore how fixed-rate lending and yield tokenization work, why they matter, and where these innovations may lead the next wave of DeFi adoption. The Rise of Fixed-Rate Lending in DeFi Most DeFi lending platforms—such as Compound or Aave—offer variable interest rates. While flexible, these rates fluctuate based on supply-demand dynamics, making it difficult for borrowers and lenders to plan with certainty. Fixed-rate lending solves this problem by locking in interest rates for a specified period. Borrowers gain predictable repa...

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It’s been a difficult few months for Javier Milei, La Libertad Avanza (the ultraconservative political party he’s affiliated with), and Argentina as a whole, as the country slides back into its perennial issues of overwhelming inflation and a stagnant stock market. Milei, who took Argentina’s presidential reins in 2023, has been pushing austerity measures and was, briefly, seen as a hero who managed to cut monthly inflation to 1.5% and create a growing economy. But the love affair with Milei and his citizenry is beginning to sour as he takes emergency measures to ensure Argentina doesn’t once again become a punchline to economics and inflation jokes. The turnaround from the world’s loudest proponent of austerity measures and lowering public debt to the world’s biggest debt-glutton has been intense. In April, Milei accepted tens of billions of dollars from the International Monetary Fund (according to IMF data, Argentina now owes more than Ukraine, El Salvador, Ecuador,...

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Crypto.com CEO Kris Marszalek, hasn’t disclosed the full extent of the exchange’s 2023 data leak, according to crypto sleuth ZachXBT. Marszalek claimed on Sunday that the leak, which was first revealed by Bloomberg last week, had been disclosed in full to the Nationwide Multistate Licensing System & Registry (NMLS) and other relevant jurisdictions and called reports to the contrary “misinformation” and “unfounded.”  He added, “The incident was contained within hours, no customer funds were accessed or ever at risk, and impacted an extremely limited number of our users’ partial personally identifiable information.” ZachXBT, however, said the data leaked was far from “partial.” He revealed that it contained ID data, the contents of crypto wallets, emails, phone numbers, and more . The different sorts of personal data from the Crypto.com leak shared by ZachXBT. He noted that, if Crypto.com did indeed make the disclosures, that it “shoul...

Michigan has taken another step toward creating a state crypto reserve, with House Bill 4087 moving to a second reading on Thursday after a seven-month delay. The bill, introduced by Republican Representatives Bryan Posthumus and Ron Robinson, would let the state invest up to 10% of its funds in cryptocurrency.  If passed , Michigan would join New Hampshire, Texas, and Arizona in permitting government-held crypto reserves. This marks a growing trend with more than 26 states now considering similar legislation to allow strategic crypto investments. Michigan’s Bitcoin Reserve bill (HB 4087) just moved forward for the first time since February. It’s now up for second reading + sent to the Govt. Operations Committee. If passed, the state could allocate up to 10% of funds into Bitcoin. Bullish is an understatement. 🚀 pic.twitter.com/HFf0Fb0CsM — ZYN (@Zynweb3) September 19, 2025 Michigan Crypto Reserve Bill Moves Forward The legislation includes str...