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As the July 9 deadline for tariff negotiations approaches, President Donald Trump has ruled out the possibility of extending the pause on tariffs. His firm stance has caused turbulence in the crypto markets, with the top coins experiencing notable declines. This decision comes as Trump continues to press for trade agreements with several nations, including
The post Crypto Market Slides As Trump Dismisses Extending Tariffs Deadline appeared first on CoinGape.
Tether minted $1 billion in USDT on the Tron network today, bringing its total minted tokens since January to 12 billion. This reflects growing demand for crypto and could signal bullishness.
Previously, major stablecoin issuances have led to a bullish cycle. With fresh inflows, the market sentiment is trending towards Greed, and Tether may facilitate more bullishness.
Tether, the world’s largest stablecoin network, has been steadily minting USDT tokens for the past few months. It minted 19 billion in a spree between November and December last year and added another billion less than a week later.
Today, Tether’s new action on Tron could have a powerful impact on the market.
This new USDT minting could have broad market implications for a few reasons. Major net issuances often reflect growing demand from institutions and OTC desks that need large blocks of stablecoins for cross-border settlements or build-up before buying digital assets.
For example, when it issued 1 billion USDT a little over a year ago, this caused Bitcoin’s price to spike.
In isolation, this single issuance could push the needle in a bullish direction. However, since Lookonchain data shows a pattern of major mintings, Tether could spur a lot of optimism.
Despite recently hitting a three-year low, the Crypto Fear and Greed Index has been trending upward. It’s currently in Neutral but briefly exhibited Greed yesterday.
In other words, the market is primed to accept a bullish signal, and Tether’s major minting may provide it.
Still, not every mint equates to immediate market deployment. True bullish pressure arrives only when those new USDT hit exchange wallets. Luckily, that seems like a very achievable goal.
Tether has a long history of using Tron’s blockchain for USDT mintings, and the two firms enjoy active cooperation today. Hopefully, this will help ensure these new tokens quickly reach exchanges and the broader market.
If so, Tether could aid a preexisting trend of fresh inflows to the crypto sector.
The post Tether’s $1 Billion USDT Mint Fuels Bull Run Optimism appeared first on BeInCrypto.
Binance announced today that MGX, a sovereign wealth fund from Abu Dhabi, invested $2 billion in the company. The transaction happened entirely using stablecoins.
This is both the largest investment ever made in a crypto-related business and the largest investment ever made using cryptoassets. Binance didn’t specify which stablecoin was used, but the UAE has favored Tether products in the past.
The United Arab Emirates has recently been positioning itself as a crypto hub, and Abu Dhabi is a particular region of interest. MGX, an Abu Dhabi-based Web3 fund that has already made massive AI investments, has today announced a record investment in Binance.
Changpeng “CZ” Zhao, former CEO of Binance, also shared this news on X (formerly Twitter).
“MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in Binance for a minority stake. The transaction will be 100% in crypto (stablecoins), marking it the largest investment transaction done in crypto to date. This is also the first institutional investment Binance has taken. Onwards,Build!” CZ wrote.
Binance, the world’s largest crypto exchange, also corroborated these claims with its own press release. This MGX investment isn’t Binance’s first entanglement with Abu Dhabi, as the firm considered setting up a headquarters there.
However, in 2023, CEO Richard Teng scrapped its UAE license application, signaling a shift away from the nation.
Since then, however, interest has shifted back. The firm’s press release claimed that roughly one-fifth of its workforce is based in the UAE, for example.
Teng called the development a “significant milestone” and said Binance is “committed to working with regulators worldwide.” This MGX investment will likely increase economic ties in the region.
“We are excited to announce the first-ever institutional investment in Binance by MGX. This is a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance,” Binace annouced on X.
Also, Binance claimed that MGX made this $2 billion investment entirely in stablecoins. Last August, Tether launched a stablecoin pegged to the UAE’s currency, and Abu Dhabi subsequently recognized USDT as an Accepted Virtual Asset.
Binance’s announcements have been surprisingly light on the exact details of its future relationship with MGX.
However, they were very clear that it was a big deal. This marks the largest-ever investment in a crypto firm and the largest investment paid entirely in cryptocurrency. Wherever the partnership goes from here, it has already made history.
The post Abu Dhabi Invests a Record $2 Billion in Binance appeared first on BeInCrypto.
Hedera (HBAR) has recently seen a shift in momentum after enduring a tough seven-week downtrend. The price of the altcoin dropped from $0.265 to as low as $0.130, signaling a significant decline.
However, there is optimism now, as HBAR seems poised to recover its losses. While this may signal a positive turn for investors, some traders could face significant liquidations.
The Chaikin Money Flow (CMF) indicator is showing signs of improvement, recently entering the positive zone above the zero line. This indicates that inflows are significantly outpacing outflows, suggesting a bullish outlook for HBAR.
Investors seem to have regained confidence in the token, entering at lower price levels in anticipation of price gains. The CMF is at its highest since the beginning of 2025, further reinforcing this positive sentiment and signaling that the altcoin’s prospects are improving.
The liquidation map indicates a significant event for short traders. As HBAR price approaches $0.178, shorts are at risk of facing $20 million in liquidations. This resistance level is crucial, and if HBAR breaches it, it could shift traders’ sentiment from bearish to bullish.
The looming liquidations would likely fuel more buying pressure, pushing the price upward. The recent market conditions hint at a potential breakout, which could drive HBAR into new territory, benefiting those who’ve entered the market at a low point.
HBAR is currently trading at $0.171, marking a 3.3% gain today. While this increase may seem modest, the price action is more significant in the context of breaking a seven-week downtrend. This shift is creating optimism among investors, and it suggests that the altcoin is poised for further recovery.
The immediate next resistance lies at $0.177. Given the rising optimism and improving market conditions, there is a strong possibility that HBAR will break through this level. A successful breach could see HBAR pushing towards $0.197 and even reaching $0.200, which would confirm a bullish trend reversal.
However, if HBAR fails to break through $0.177, the altcoin could experience a pullback. This would result in the price falling to $0.154, with further decline potentially bringing HBAR down to $0.143. Any drop below $0.154 would invalidate the bullish outlook and may continue the downtrend.
The post $20 Million HBAR Liquidations Ahead as Price Breaks 7-Week Downtrend appeared first on BeInCrypto.