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Crypto Biz: Tether to track USDT usage, Cipher gets takeover offer, and more

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This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.

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Coin Market

JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger

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The cross-border tokenized US Treasury transaction using blockchain and banking rails builds on an earlier pilot in which the same fund moved between a public and permissioned blockchain.

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Coin Market

Three reasons why Ether price rallies fizzle near $2.4K

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Ether rallies are abruptly capped at $2,400 and multiple data points suggest this pattern will remain in play for the foreseeable future.

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Coin Market

Bitcoin market dominance moves above 61%: Will altcoins follow?

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Bitcoin’s market dominance climbed above 61% as BTC led crypto market flows. Data also showed Binance-listed altcoins’ share of volume hitting 49% in March.

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