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The USDT stablecoin premium in India reached 8.5%, nearly double the usual spread. Over the weekend, USDT traded on local platforms at 102.88 Indian rupees while the interbank dollar-rupee rate was 94.65 rupees. Normally, the price difference stays around 3–4%.
The Economic Times reported the premium spike is linked to raids by India's Enforcement Directorate. Authorities searched five firms suspected of facilitating unauthorized cross-border transfers using digital assets.
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A trader turned $2,330 into over $614,000 by trading the meme coin ANSEM.
According to Lookonchain, the trader bought 14.2 million ANSEM for $2,330, sold part for $68,100, and the remaining 10 million ANSEM are valued at about $548,800, resulting in a profit of around $614,500, more than 261x the initial investment.
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According to Lookonchain, the trader bought 14.2 million ANSEM for $2,330, sold part for $68,100, and the remaining 10 million ANSEM are valued at about $548,800, resulting in a profit of around $614,500, more than 261x the initial investment.
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The number of spent UTXOs at a loss has reached peak levels, indicating the start of a capitulation phase among holders of the leading cryptocurrency, noted analyst Darkfrost.
This signal appeared for the first time since the correction began in October 2025.
Darkfrost highlighted that such periods have "always been profitable for long-term investors" as they begin accumulating the asset.
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Media is too big
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Visa, Mastercard, and BlackRock launched Open Standard (OUSD) with 140+ partners including Stripe and Coinbase.
Led by Zac Abrams, Open Standard offers free transactions, earnings from reserves, and partner governance—unlike USDC and Tether.
Open USD allows free minting/redeeming with no limits. Partners receive all reserve income minus a small fee. Governance is by a partner council.
Stripe made Open USD its default stablecoin. Official launch is planned later this year.
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Strategy filed with the SEC to sell up to $1.25 billion in Bitcoin.
Starting from 32 BTC, the market value now hits $1.25 billion.
Experts warn it could reach $5 billion at $50,000, then $10 billion at $40,000, $15 billion at $1,000.
By Q3 end, $20 billion at $100 and year-end $30 billion at $5 are feared.
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Crypto Insider
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Venice AI raised $65 million in a Series A led by Dragonfly, Coinbase Ventures, and North Island Ventures, reaching a $1 billion valuation two years after launch.
It hosts uncensored open-source AI models on its servers and routes requests to closed models from OpenAI and Anthropic. The company reports $70 million annual revenue, profitability, 3 million active users, and 1.7 million API requests daily.
Funds will buy GPUs and build proprietary data centers.
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Trump filed his 2025 financial report, declaring $1.4 billion in income.
$1.1 billion came from crypto: $635.1 million from meme coin TRUMP, $236.3 million from selling WLFI tokens, $196.9 million from a stake in stablecoin USD1, $65.6 million from selling part of World Liberty Financial, $6 million from Melania’s NFTs and merchandise, and $1.82 million in Ethereum staking rewards.
He also earned about $300 million from a fund with 21,000 trades and renting rooms at Mar-O-Largo to relocators from Anapa.
“We’re gonna win so much, you may even get tired of winning...”
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