In a rather audacious announcement, Tether-yes, the purveyor of that ever-so-stable USD₮ stablecoin-has revealed that Elemental Royalty Corporation will bestow upon its shareholders the delight of receiving dividends in Tether Gold (XAU₮). How modern and revolutionary! One can only imagine the thrill of watching their dividends shimmer in the digital ether.
New data suggests Bitmine’s strategy is part of a “quiet” institutional trend, which is finance-speak for “we’re buying while everyone else is panicking and/or napping.”
Picture this: a purchase worth $90.83 million, as if it were just a casual trip to the grocery store. That’s right, Bitmine has swelled its holdings to a jaw-dropping value of $8.68 billion. Who knew a few digital tokens could be worth so much? But hold your horses; there’s a catch! The average cost of those shiny coins is a cool ~$3,821. At the current market price of $1,960, it looks like Bitmine is down a staggering $8.03 billion. Talk about a rollercoaster ride!
The aggregate APAC local stablecoin supply, that most fickle of creatures, has rebounded since mid-2025, rising from a modest $40 million to a rather impressive $58-60 million by early 2026. One might say the market has found its footing-or at least its wallet.
Shiba Inu (SHIB) has been through the wringer, folks. A bearish expansion so sharp it could slice through a blockchain? Check. A dip into oversold territory so deep it made the Mariana Trench jealous? Double check. But just when you thought SHIB was ready to roll over and play dead, it bounced back like a rubber chicken at a comedy show. That’s right-it reclaimed its monthly support faster than you can say, “Who let the dogs out?”
The CoinDesk 20 is currently trading at 1979.83, down 0.3% (-5.15) since 4 p.m. ET on Monday. Because obviously, the market cares about your schedule.
Nagel, with the solemnity of a man who has seen too many spreadsheets, insists that Europe must embrace stablecoins, wholesale CBDCs, and a digital euro to reclaim its “financial sovereignty.” One imagines him muttering this to a room of bankers who nodded as if he’d just explained the plot of War and Peace in Morse code.
On the hallowed platform of X, Bird did declare, “A $300 billion XRP market cap is nigh!” With the confidence of a court jester, he swears by this prophecy, despite the market’s fickle waltz and the broader crypto realm’s melancholy. One might wonder if he’s merely chasing the ghost of a bygone bull run.
Sam Bankman-Fried, that modern-day Quixote tilting at windmills of public opinion, has once again taken to the digital square to proclaim the innocence of his fallen kingdom, FTX. Armed with a sworn declaration from Dan Chapsky, the former Head of Data Science, he rides forth to challenge the narrative that has clung to him like a stubborn burr.
This marked the first time since the asset last traded within this range-between the 9th of March and the 8th of May 2025, a 60-day stretch-that price has revisited this zone. It’s like the market decided to take a nostalgic trip back to March 2025, but with less excitement and more existential dread.