Philip
@philipstrade
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Tether narrows USDC’s lead on BitPay payment transactions in 2025
USDC, the second-largest stablecoin by market capitalization, has been losing market share against its main rival, Tether’s USDt, on the major payment platform BitPay in 2025.
After dominating stablecoin transactions on BitPay in 2024, Circle’s USDC saw its transaction share plummet against Tether’s USDt (USDT), according to BitPay data shared with Cointelegraph.
In January 2024, USDC’s transaction share on BitPay accounted for 85%, compared with USDT’s 13%. By May 2025, USDC’s share had dropped to 56%, while USDT’s had increased to 43%.
The change in dynamics came despite the optimism around Circle’s public launch in early June as well as certain regulatory advantages over Tether’s USDT, particularly in the European Union under the Markets in Crypto-Assets Regulation (MiCA).
https://cointelegraph.com/news/circle-usdc-loses-steam-against-tether-usdt-bitpay-2025 0 reply
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Prediction Market Kalshi Notches $2 Billion Valuation With $185 Million Raise
Kalshi achieved unicorn status following its latest Series C funding round, amid the prediction markets platform's growing crypto embrace.
Predictions market startup Kalshi has raised $185 million at a $2 billion valuation, the firm announced Wednesday, elevating the startup to unicorn status amid its growing foray into the crypto world.
Cryptocurrency-focused venture capital firm Paradigm led the Series C round, with participation from Sequoia, Multicoin, Peng Zhao, Neo and Bond Capital, according to Mansour. Kalshi will use the funds, in part, to grow its technology team and facilitate its integration with brokers.
https://decrypt.co/327074/prediction-market-kalshi-2-billion-valuation-185-million-raise 0 reply
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Ethereum products continue to lead, but global crypto fund inflows decelerate amid Fed policy uncertainty: CoinShares
Crypto investment products run by asset managers such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares registered another $286 million worth of net inflows globally last week, according to CoinShares data — with Ethereum-based funds again outperforming Bitcoin.
It marks the eighth consecutive week of gains, now totaling $11.3 billion. "However, there has been a noticeable deceleration amid uncertainty over monetary policy, with investors adopting a wait-and-see stance ahead of further signals from the U.S. Federal Reserve on inflation," CoinShares Head of Research James Butterfill warned in a Monday report.
https://www.theblock.co/post/357427/ethereum-products-lead-global-crypto-fund-inflows-decelerate-fed-policy-uncertainty-coinshares 0 reply
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Is a Bitcoin price rally to $150K possible by year's end?
A bearish RSI divergence, similar to 2021, suggests Bitcoin could face a 50%+ correction toward $64,000, challenging the $150K year-end target.
Bitcoin is painting what appears to be an inverse cup-and-handle pattern, with its neckline near $100,800 acting as current support. As of June 7, the price has entered the handle-formation stage, eyeing a breakdown below the neckline.
Based on the inverse cup-and-handle pattern setup, a breakdown below $100,800 will increase Bitcoin’s likelihood of dropping toward $91,000.
The $91,000 downside target aligns with BTC’s 200-day exponential moving average (200-day EMA; the blue wave).
https://cointelegraph.com/news/is-bitcoin-price-rally-to-150k-possible-by-year-end 0 reply
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