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Tether has invested $20 million in Mercado Bitcoin to support the construction of on-chain financial infrastructure in Latin America.

2 hours ago

Tether announced it will invest $20 million in the strategic growth funding round of Latin American on-chain financial services platform Mercado Bitcoin, to support its expansion in tokenization, payments, credit, capital markets, and regulated digital financial services. Founded in 2013, Mercado Bitcoin originally launched as a digital asset trading platform and has since evolved into a comprehensive on-chain financial platform covering trading infrastructure, tokenized investment products, credit and lending, stablecoin payments, banking infrastructure, and cross-border financial services. The company currently serves 4.5 million users, has issued over R$2 billion in tokenized assets, and holds more than 10 licenses in Brazil and Europe.

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Bitcoin emerged as the 'most resilient' asset tonight, while US chip stocks suffered a 'stock market crash' and crypto stocks declined broadly in line with the broader US stock market.

According to BIT (bit.com) market data, U.S. stocks opened lower and trended downward during Tuesday’s trading session. The Nasdaq 100 Index fell over 2%, the Philadelphia Semiconductor Index dropped more than 6%. SPCX declined 5.7%, MRVL fell 10.25%, Western Digital dropped 11%, SanDisk slid 13.9%, Micron fell 8.8%, and Oracle decreased 4%. Bitcoin only dropped nearly 1% after U.S. stock markets opened, a decline on par with gold, but U.S.-listed crypto stocks have fallen in line with the broader market, with SBET down 5.2%, GEMI down 6.12%, CRCL down 5.35%, MSTR down 3.3%, and COIN down 4%.

7 minutes ago

Abraxas Capital Deposits 8,000 ETH to Aave

According to monitoring by Onchain Lens, Abraxas Capital has just deposited 8,000 ETH into Aave, valued at approximately $14.15 million.

7 minutes ago

A suspected address linked to CoinShares transferred 63,000 ETH to Coinbase.

According to monitoring by Lookonchain, a wallet possibly associated with CoinShares has deposited 63,000 ETH into Coinbase over the past 20 minutes, valued at approximately $111.56 million.

7 minutes ago

Bitget PoolX will list project NES, with 620,000 NES unlocked from locked ETH.

According to official announcements, Bitget’s PoolX will list the project Nesa (NES). Users can lock ETH to split a total of 620,000 NES tokens, with an individual lock-up cap of 1,500 ETH. The lock-up window runs from 18:00 UTC+8 on July 8 to 18:00 UTC+8 on July 17. Additionally, users with a positive net ETH deposit during the event will receive a 4% ETH wealth management interest coupon after the event concludes; first-time PoolX participants who meet the net deposit requirement will get a 15% ETH interest coupon. Net deposit is calculated from 20:00 UTC+8 on July 7 to 20:00 UTC+8 on July 16. For more details, please refer to Bitget’s official platform.

7 minutes ago

Over the past hour, total liquidations of SPCX contracts across the network hit nearly $6 million, outpacing those of BTC and ETH over the same period.

According to Coinglass data, liquidations of SPCX contracts across the entire network totaled nearly $6 million in the past hour. Of this amount, $4.24 million came from the SPCX trading pair, and $1.6 million from the XYZ:SPCX pair. Notably, while U.S. tech stocks saw a "Black Tuesday," Bitcoin and the broader crypto market remained stable, with only $4.86 million in BTC liquidations and $4.35 million in ETH liquidations over the same period.

7 minutes ago

SPCX fell more than 5% intraday, with multiple Wall Street institutions issuing 'Buy' ratings and high target prices today.

According to market data from BIT (bit.com), SPCX fell more than 5% after the US stock market opened, currently trading at $152.3. Earlier today, major Wall Street investment banks released their ratings on SpaceX (SPCX). Raymond James set a high target price of $800, positioning the company as an integrated next-generation space infrastructure, communications network and orbital computing platform. Most leading banks took a more cautious stance, with target prices mostly in the $200–$300 range: Morgan Stanley at $300, Deutsche Bank at $255, JPMorgan and RBC at $225 each, Goldman Sachs at $205, and Citi at $200.

7 minutes ago

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