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Tether aims to decrease commercial paper backing of USDT to zero

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Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it.

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Coin Market

Bitcoin put-call ratio hits 1-year high: Are bears preparing for drop to $55K?

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Rising demand for put options and persistent ETF outflows highlight Bitcoin’s weakness despite lower oil prices.

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Senate leaders push for July passage of CLARITY Act

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Lawmakers in the US Senate are on state work periods until July 13, giving them only four weeks to address a cryptocurrency market structure bill before another break and possible delays due to campaigning for elections.

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Coinbase, Kraken and OKX move to swoop up EU users affected by MiCA restrictions

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Several exchanges that have already been authorized by EU regulators are attempting to bring in users from companies unlicensed under the Markets in Crypto-Assets rules, offering transfer bonuses and prizes.

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