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Tether responds to community feedback by opting for unsupported status rather than freezing USDT on older networks. Tether abandoned plans to freeze its dollar-pegged USDT tokens on several older blockchains and is choosing instead to classify them as “unsupported,” according.
Bitcoin’s price nosedived once again in the past 24 hours to a new multi-week low of under $109,000 before it recovered a small portion of the recent losses. The altcoins are in no better shape, with ETH dumping by over $550 since its latest all-time high and many others.
Crypto markets were boosted late last week after Fed chair Jerome Powell signaled a potential change in monetary policy; however, some of that momentum has waned on Monday morning. While Powell didn’t commit to rate cuts outright, he acknowledged that the balance of risks was.
Bitcoin experienced a price decline over the past 24 hours, but remains in green territory on a weekly basis. ETH held its ground at around $4,300, but several well-known altcoins plunged by double digits on a daily basis. The primary cryptocurrency briefly surged past $122,000.
Bitcoin’s gradual price ascent continued in the past several hours as the asset slowly climbed to a 10-day peak of over $118,000. A few altcoins have doubled down on their recent gains, including LINK, which has rocketed by almost 7% to trade above $22. The current month didn’t.
Bitcoin’s instability continued in the past 24 hours as the asset dipped below $113,000 after getting rejected at $116,000. The altcoins are back in the red, with substantial price declines from the likes of XRP, SOL, HYPE, XLM, LTC, TON, and others. The primary.
A Canadian teen has been sentenced for a $37 million Bitcoin (BTC) heist and the hacking of several X accounts. This follows on-chain sleuth ZachXBT’s calls for stricter penalties against SIM swapping and social engineering fraudsters. ZachXBT revealed via a July 29 X post that.
