Analysis Archive – Page 115

Tether's USDT Overtakes Ethereum by Market Cap
USDT's market cap edged past Ethereum's on June 26, 2026, at $186.06B versus $185.66B, as an ETH selloff pushed the stablecoin into the number two slot.

BitGo Cuts Nearly 15% of Staff to Refocus on Custody and Stablecoins
BitGo CEO Mike Belshe announced a nearly 15% workforce reduction, redirecting the custodian toward security, trading, stablecoins and AI infrastructure.

Russia Clears Crypto for Foreign Trade, But Cash-Out Stays Walled Off
Russia's experimental legal regime lets selected exporters settle foreign trade in Bitcoin and stablecoins, yet sanctions compliance still ringfences every cash-out route abroad.

Oobit Adds New York and Bolivia, Plugs Into Brazil's PIX Rail
Oobit's June recap names New York and Bolivia as newly live markets and confirms a PIX integration, widening its tap-to-pay card footprint across the Americas.

Invesco Files for a Tokenized Fund Aimed at Stablecoin Reserves
Invesco, a roughly $1.8 trillion asset manager, has filed for a tokenized fund built to sit behind stablecoin reserves, following BlackRock and Franklin Templeton on-chain.

Solana Hits $1B in Weekly Tokenized Stock Trading, Led by SpaceX Shares
Tokenized equity trading on Solana crossed $1B in a single week, with SpaceX's SPCX token leading demand for hard-to-access stocks. Custody and redemption questions stay open.

SBI to Buy Bitbank for $289M to Become Japan's Largest Crypto Exchange
SBI Holdings will pay 46.7 billion yen for full control of Bitbank, lifting its combined custody to about 1.1 trillion yen and 2.92 million accounts.

Coinbase's Base Stalls Block Production in an Hour-Plus Outage
Base, Coinbase's Ethereum layer-2, stopped producing blocks for over an hour on June 25, 2026, freezing deposits and withdrawals and reviving its single-sequencer debate.

Uphold Brings the XRP-Backed Exa Credit Card to Select US States
Uphold is promoting the Exa Credit Card inside its app, letting XRP holders in select US states borrow against their tokens via Exactly Protocol without selling.

XRP Ledger Passes Ethereum as the Top Host of RLUSD Supply
The XRP Ledger now holds $801M of Ripple's RLUSD stablecoin against $795M on Ethereum, the first time XRPL has led, CoinDesk reported on June 25, 2026.
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