Here are the top headlines in crypto today:
1. Tether Brings USDT Back to Bitcoin
- What happened: Tether is bringing its $190 billion USDT stablecoin back to the Bitcoin network this month.
- Why it matters: Re-establishes major stablecoin liquidity directly on Bitcoin's native network.
- Source: CoinDesk
2. Ethereum Layer-2 Blast Shuts Down
- What happened: Blast, an Ethereum L2 network that once held $2.3 billion in TVL, announced it is closing operations.
- Why it matters: Highlights shifting user capital and high competition among Layer-2 platforms.
- Source: Decrypt News
3. Senate Bill Targets Stablecoin Taxes and Wash-Sales
- What happened: A new US Senate bill proposes making small stablecoin purchases tax-free while closing the crypto wash-sale tax loophole.
- Why it matters: Encourages everyday stablecoin payments while increasing regulatory scrutiny on tax-loss trading.
- Source: 24/7 Wall St.
4. Dogecoin Receives Ethereum-Style Testnet
- What happened: A testnet launched for Dogecoin enabling trading, lending, and stablecoin features.
- Why it matters: Expands Dogecoin beyond meme coin status into smart contract functionality.
- Source: CoinDesk
#CryptoNews #Bitcoin #Ethereum