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USDT stablecoin issuer Tether expects a record profit of nearly $15 billion in 2025 as it accelerates expansion into the US. The projected earnings,   reported by Bloomberg, would represent about a $2 billion increase from 2024 and cement Tether’s position as one of the world’s most profitable companies on a per-employee basis. The company is also preparing for its next phase of growth through the launch of a US-compliant dollar token in December via a joint venture with Anchorage Digital, and a partnership with video-sharing platform Rumble to enable Bitcoin tipping for its 51 million users. “We’re going to hit the ground running and start taking away market share from our competitors that were the ones that tried to kill us in the first place,” said CEO Paolo Ardoino. Tether Dominates Stablecoin Space Tether is the issuer of USDT, the largest stablecoin with a market capitalization of $182.94 billion, according to CoinMarketCap .  To...

The Aleo Network Foundation has partnered with Paxos Labs to launch USAD, a U.S. dollar stablecoin that integrates privacy-preserving technology with enterprise-grade infrastructure.  Announced on October 1, the collaboration introduces the first stablecoin issued on a layer-1 blockchain that combines smart contract functionality with zero-knowledge cryptography. Aleo’s zero-knowledge cryptography meets Paxos Labs’ issuance framework USAD is designed to keep transaction details, such as participant identities and amounts, confidential, addressing a long-standing barrier to institutional adoption of blockchain-based finance. The stablecoin is issued through Paxos Labs’ regulatory framework and backed by institutional-grade assets, while Aleo provides the underlying zero-knowledge infrastructure. “Privacy is the missing link in blockchain adoption at scale, and with USAD, we are proving it can exist in a programmable stablecoin,” said Leena Im, Chief Operating O...

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The KRW1 stablecoin launch marks a pretty significant milestone for South Korea’s digital asset sector right now, with Seoul-based BDACS introducing what is the first fully operational won-pegged stablecoin on the Avalanche blockchain. This particular won-backed stablecoin Features real-time proof of reserves, which addresses some transparency concerns while the country is preparing comprehensive stablecoin regulations for October. KRW1 Stablecoin Launch: Avalanche, Won-Backed Collateral & Proof-Of-Reserves KRW1 stablecoin Avalanche launch announcement – Source: BDACS BDACS announced the KRW1 stablecoin launch on September 17, and this came after they conducted a successful proof-of-concept with Woori Bank. Each KRW1 token actually maintains 1:1 collateralization with Korean won that they hold in escrow, along with real-time proof of reserves providing continuous verification through API integration. BDACS selected the Avalanche blockchain for its security capabilities and ...

Polymarket is weighing new financing at a valuation as high as $10 billion alongside plans for a relaunch in the US, while competitor Kalshi is nearing a $5 billion fundraising. According to a report by Business Insider that cited sources familiar with the matter,  Polymarket has considered one offer that would value the company at $9 billion, and another that “offered a term sheet valuing Polymarket as high as $10 billion.” That would be a huge jump in valuation for the company, which raised funding at a $1 billion valuation early in the summer, the article said. Polymarket raised $200 million in June, led by Peter Thiel’s Founders Fund, the venture firm that was an early backer of projects such as OpenAI, Paxos and Palantir. Polymarket Looks To Re-Enter The US Market Polymarket is a decentralized platform that lets users trade event outcomes without a centralized bookmaker. It gained prominence during the 2024 US presidential election, where its market acc...

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 How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

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 How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Shiba Inu price target discussions are dominating investor conversations right now as the meme token slides toward some pretty dangerous territory in September 2025. Current Shiba Inu price target Analysis actually shows SHIB trading at $0.00001194, which is down 3.82% in 24 hours, and the token is now ranking 23rd globally. Despite these rather concerning Shiba Inu price target levels, the team’s Asia expansion strategy along with their autumn optimism signals potential recovery ahead. Shiba Inu Price Target And Asia Expansion Signal Market Recovery Potential Source: Watcher.Guru The price target outlook on Shiba Inu has been experiencing one or two fairly strong headwinds because September has historically posted mixed results on SHIB. The actual data shows that average returns in September are only around 3.3 with the token itself gaining 26.6 per cent last year and then declining by 8.2 per cent in the same month in 2023. Price Decline Pushes SHIB Toward Zero Risk SHIB has be...

Binance, the world’s largest crypto exchange platform by trading volume, is announcing an airdrop for a new layer-1 altcoin focused on cross-chain liquidity pools. In a new update, Binance says that it’s adding decentralized finance (DeFi) project Mitosis (MITO) to its HODLer Airdrops program, which rewards users based on their balance of BNB, the native asset of the crypto exchange. “Binance is excited to announce the 34th project on the HODLer Airdrops page – Mitosis, a Layer 1 blockchain designed to unify fragmented crypto liquidity by enabling assets to be deployed across multiple chains simultaneously.” News of the addition preceded a massive price increase for the asset, as it went from a price of $0.095 on August 28th to a peak of $0.308 just a day later. MITO has since stabilized and is trading for $0.25 at time of writing, a staggering 143% increase during the last 24 hours. On its website, Mitosis says it is attempting to a...

VeChain’s (VET) price seems to be recovering from the recent market dip. According to CoinGecko data, VET’s price has gained 4.1% in the last 24 hours, 7.6% in the weekly charts, 2% over the previous month, and 9.2% since August 2024. Despite the rally, VET is still down by 1.4% in the 14-day charts. Source: CoinGecko VeChain Price Predicted To Hit $0.03 VET may continue to surge over the coming days before facing a consolidation. According to CoinCodex VeChain statistics, VET will hit $0.032326 on Oct. 22. The platform anticipates the asset to face a slight correction soon after hitting the $0.03 mark. Hitting $0.032326 from current price levels will entail a rally of about 25.44%. Source: CoinCodex VeChain’s (VET) latest price rally is likely due to a market-wide resurgence. Bitcoin (BTC) has reclaimed the $112,000 mark after briefly falling below $110,000. BTC’s rebound may have boosted investor sentiment. VeChain’s (VET) price rally may have been pushed...

Ethereum’s (ETH) climb past $4,600 has been met with a powerful show of confidence from one of Wall Street’s most outspoken crypto advocates. BitMine, linked to Fundstrat co-founder Tom Lee, now holds more than $7.08 billion worth of Ethereum, according to data from on-chain intelligence platform Arkham on Wednesday, August 27. The entity’s 1.538 million ETH makes it one of the single largest corporate treasuries in the crypto space. In the last 24 hours, Bitmine added another $21.3 million in ETH, underscoring its aggressive accumulation strategy. Market trackers suggest the firm is aiming for control of 5% of Ethereum’s total circulating supply, $27 billion at current prices. Ethereum holdings in Bitmine portfolio. Source: Arkham Rotation into Ethereum from Bitcoin The scale of the bet reflects a broader capital rotation unfolding across digital assets. On Tuesday, analysts noted a significant shift from Bitcoin (BTC) into Ethereum, with futures activity, ETF...

The North Korean hacker collective Lazarus Group is up over $40 million on the proceeds from last year’s Radiant Capital hack, and now it’s trading the ether (ETH) market like a pro. The group’s movements were picked up by EmberCN, a Chinese-language blockchain data Analysis account on X. It noted that the hackers sold “9,631 ETH at an average price of $4,562 for 43.937 million DAI just a week ago,” before buying the dip today for a total of 4487.8 ETH with an average price of $4,154. 啊，好家伙，这 Radiant Capital 黑客竟然玩起波段来了： 他不是在一周前以 $4,562 的均价卖出了 9,631 枚 ETH 换成 4393.7 万 DAI 嘛。 这几天 ETH 回调了，他在过去 1 小时里又用 $864 万 DAI 以 $4,096 的价格重新买回了 2109.5 枚 ETH… 现在 Radiant Capital 黑客持有 14,436 枚 ETH+3529 万… https://t.co/hO4MbNPrjd pic.twitter.com/ihLYhpmNAV — 余烬 (@EmberCN) August 20, 2025 Read more: The solution to crypto’s Lazarus problem could be simpler than expected After spending the first half of August surging from $3,400 to almost $4,800, close to its all...