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Crypto

Bitcoin climbs above $68,000 as SEC rule proposal, White House summit boost sentiment

Bitcoin regained the $68,000 level and rose 6.16 percent to $68,610, with market share at 58.84 percent, Coin360 data showed. Major altcoins also gained, while some tokens fell. The rally followed the SEC’s proposal of a new rule dubbed “Regulation Crypto Asset” and President Trump’s White House crypto summit with executives and CFTC and SEC chiefs. U.S. Treasury buyback news also supported risk assets.

Crypto

Binance to delist seven spot trading pairs on Aug. 14, to phase out six tokens

Global cryptocurrency exchange Binance will halt trading in seven spot trading pairs, including APT/BTC and AR/BTC, on Aug. 14 local time. The move follows a regular review and targets pairs with low liquidity and trading volume, Binance said. Spot trading bot services for the affected pairs will also end. Later this month Binance plans to delist all spot pairs for six cryptocurrencies, fully ending spot trading in those tokens and setting deposit and withdrawal deadlines.

Crypto

Tron USDT supply hits $87.9 billion, overtakes Ethereum

Tron recorded $87.9 billion in circulating USDT in the second quarter, overtaking Ethereum. Tron also processed $2.1 trillion in USDT transfers over the period, while stablecoin supply and network activity hit record highs. Messari said Tron\'s stablecoin supply rose 4.1 percent from the previous quarter to $89.2 billion, with USDT accounting for 98.5 percent. DeFi and decentralised exchange activity declined.