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Tether, the world’s largest stablecoin, used 2024 to grow its market capitalization by nearly $50 billion, its investments across a variety of industries, its product lines, and its political influence.  Cantor Fitzgerald Tether stores a massive portion of its reserves at Cantor Fitzgerald, a firm that has been led by Howard Lutnick. Lutnick, for his part, has been willing to publicly endorse the often beleaguered stablecoin, saying he is “a big fan.” Lutnick is also an important political figure, serving as co-chair of the transition committee for President-elect Donald Trump. He was also floated as a potential Treasury secretary before eventually being nominated as the future commerce secretary.  Tether’s dreams come true with Donald Trump victory Read more: Tether custodian Cantor Fitzgerald loves Tether, chief says Recently, Cantor Fitzgerald had to pay a $6.75 million penalty to the Securities and Exchange Commission (SEC) ...

Unlike most cryptocurrencies, XRP was trading relatively flatly over the course of most of 2024. However, even more interestingly, once the bull run kicked off in November, the digital asset experienced a huge move to the upside, with prices moving from roughly $0.5 to a high of $2.71 At press time, XRP was trading at $2.38 — marking a 305.84% gain on the monthly chart that has brought year-to-date (YTD) returns up to 287.19%.  With this latest move, XRP has become the fourth-largest cryptocurrency in the world by market capitalization — ahead of Solana (SOL). Picks for you XRP whales are betting big – do they know something you don’t? 2 hours ago USDC is set to dethrone USDT as key partnership with Binance emerges ...

The Bitcoin price broke above the $69K mark in the last 24 hours and could soon overcome the $70K threshold as the US presidential election nears. The leading crypto has surged more than 7% in the past week to trade at $69,063.47 as of 2:47 a.m. EST.  Top 10 Cryptos Follow Bitcoin Lead Almost all of the top 10 cryptocurrencies by market capitalization followed Bitcoin’s lead in the last 24 hours, with only Tron (TRX) recording a decline. Meanwhile, altcoin king Ethereum (ETH) registered a more than 3% increase in its price over the past 24 hours. Similar to BTC, the latest price increase was a continuation of ETH’s positive weekly performance. Binance Coin (BNB) posted a more than 1% gain in the last 24 hours, while Solana (SOL) surged 7% to trade at $170.30. Remittance token Ripple (XRP) gained over 1%, Dogecoin (DOGE) jumped more than 4%, while Toncoin (TON) edged up 1% to $5.36. Donald Trump Leads Kamala Harris In Polymarket Odds As Election Nears Set to ta...

The market capitalization for TON meme coins surged 98% over the past 24 hours with Resistance Dog (REDO) leading the charge following the arrest of Telegram’s founder Pavel Durov in France. During the past day of trading, the REDO price skyrocketed more than 180% to trade at $0.7733 as of 1:15 a.m. EST. Other resistance-themed tokens including Resistance Girl (REGI), The Resistance Cat ($RECA) and Resistance Notcoin (RENO) were among the biggest 24-hour gainers in the TON meme coin ecosystem. Tensions Rise Between Russia And France After The Arrest Of Pavel Durov Some Russian officials have “reacted angrily” to the arrest of the Telegram founder and CEO. They have also described the arrest as an indirect hostile act against Russia, according to a Wall Street Journal report .  A statement released on Aug. 25 by the Russian Embassy in France alleges that authorities are refusing to respond to their attempts to gain access to Durov. “As of today, the Fr...

Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high. Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity. The latest Macro Markets show begins by exploring why the crypto market capitalization is some 60% below its all-time high, while the S&P 500 is less than 15% away from its peak. For Pechman, the sector is suffering from a huge problem, as it doesn’t fit a commodity nor does it fit a foreign exchange currency. Moreover, not every mutual fund can hold crypto. The lesson? If Bitcoin (BTC) and Ether (ETH) are mostly understood as alternative risk assets, that’s how they’ll trade. Consequently, one should not waste time looking fo...