Crypto Chronicles:Hot News

1-Tether tightens grip as stablecoin market capitalization reaches $243 billion

Since the beginning of the year, these coins' assets have increased by more than $38 billion. Tether's market capitalization has risen to more than $151 billion, giving it 62% market share.

It is followed by USD Coin, with $60.4 billion in assets, and Ethena USDe, with about $5 billion.

The recently created USD1 by President Donald Trump's World Liberty Financial has amassed more than $2.1 billion in assets. The majority of these funds are likely linked to MGX's $2 billion investment in Binance, the industry's largest cryptocurrency exchange.

Other noteworthy stablecoins include Ripple USD and PayPal's PYUSD, which have assets of $900 million and $313 million, respectively.

Visa data suggests that more users are currently using stablecoins in their daily purchases. Over 192.2 million unique sending addresses have traded in the last 12 months, with 242.7 million receiving stablecoins. The overall number of active unique addresses increased to 250 million.

All of this has pushed the total number of transactions to 5.8 billion, with a transaction volume of $33.6 trillion.

Stablecoins have gained popularity because to their lower prices as compared to traditional means. For example, transferring $1,000 to a user using PayPal incurs a 2.99% cost plus a variable fee.

A stablecoin has a substantially lower charge than that. Furthermore, these transactions are faster than traditional means, such as wire transfers.

2-S&P 500 opens higher as bulls target 5-day winning streak

As markets opened for the week's final trading session, Wall Street saw the S&P 500 increase 0.1% to around 5,920. The benchmark index, which has gained four straight days, could win for the fifth time in a row, boosting investor confidence.

The S&P 500 is up 4.5% in the last week. Notably, it has continued to recover after reversing all of its 2025 losses.

The Dow Jones Industrial Average and the Nasdaq Composite saw mixed performances. In early trading, the Dow dipped 70 points, while the Nasdaq rose more than 0.2%. The Dow has gained 2.6% this week, while the Nasdaq has risen 6%.

Investors are also optimistic about a softening in US-China trade hostilities, following the introduction of de-escalation steps earlier this week.

3-As the price of XRP fluctuates, the new XRP ETF receives record inflows

Since its approval in April, the Teucrium 2x Long Daily XRP ETF, ticker symbol XXRP, has collected more than $106 million in assets.

Most importantly, the fund has increased assets each week since its start, with last week being the best. According to ETF.com, it added $30.4 million in assets, up from $14.1 million the previous week.

4-Coinbase breach targets PayPal Mafia aristocracy and Sequoia Capital boss

An individual who is familiar with the situation has stated that the incident demonstrates that senior executives were targeted in the attack that was carried out against the largest bitcoin exchange in the United States.

The stolen data apparently contained Botha's phone number, address, and other sensitive account information associated with his Coinbase profile, according to a report by Bloomberg. The source, who requested anonymity due to the secret nature of the issue, stated that the stolen data included both of these pieces of information.

It was announced on Thursday by the cryptocurrency exchange that the attackers had successfully bribed customer care agents stationed in India in order to acquire unlawful access to client data. This information included names, birth dates, addresses, nationalities, government identification numbers, banking information, and account information, according to reports. Additionally, the information that was compromised included account information.

In the aftermath of the security breach, the hackers made an attempt to extort twenty million dollars from Coinbase in exchange for their silence. However, the firm declined to comply with this demand. According to executives at Coinbase, questionable behavior on the part of select customer support professionals had been identified as early as January.

Botha is a member of the controversial group of businesspeople and investors known as the "PayPal Mafia." Other members of this organization include executives such as Peter Thiel and Elon Musk. Since 2003, he has also been working with Sequoia Capital, where he was responsible for making early investments in businesses such as YouTube and Instagram. In 2022, he was promoted to the position of senior steward at the company.

According to a person who is aware with the case, some users of Coinbase received security alerts over the weekend, which warned them that their information may have been accessed in an improper manner.

As the bitcoin business continues to acquire popular attention and adoption, the incident has brought to light growing worries regarding the safety of executives working in the realm of cryptocurrencies.

References

https://crypto.news/stablecoin-market-cap-hits-243b-annual-transactions/

https://crypto.news/sp-500-opens-higher-as-bulls-target-5-day-winning-streak/

https://crypto.news/new-xrp-etf-hits-an-inflow-record-as-xrp-price-wavers/

https://crypto.news/coinbase-hackleaked-data-sequoia-capital-partner/