Utila Raises $22M, Triples in Valuation as Stablecoin Infrastructure Demand Surges
Circle’s IPO and Stripe acquiring stablecoin startup Bridge were the “bitcoin ETF moments” for stablecoin adoption, Utila CEO Bentzi Rabi said in an interview.
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Circle’s IPO and Stripe acquiring stablecoin startup Bridge were the “bitcoin ETF moments” for stablecoin adoption, Utila CEO Bentzi Rabi said in an interview.
Almost $250 million worth of derivatives positions were liquidated in the past 24 hours despite a relative lack of volatility.
The exchange’s card lets users spend digital assets via Mastercard, Apple Pay, and Google Pay, with a 20% cashback incentive scheme this month.
The project is one of over 30 layer-2 networks working to scale Ethereum.
Glassnode data shows long-term holders growing their share of supply, challenging the narrative of widespread OG distribution.
Mag7 + Crypto Equity Index Futures are coming to the crypto exchange on September 22.
Crypto options platform PowerTrade reports that traders are betting on a strong year-end rally in several altcoins, including SOL, XRP, TRUMP, HYPE, LINK.
A weaker US jobs market has strengthened the case for easing, and investors are seeking protection in hard assets, some opine.
There’s not an unlimited pool of capital available for crypto, and ether attracted the big money this month.
Bitwise’s André Dragosch argues gold still protects against stock sell-offs while bitcoin hedges bond stress — raising questions about their roles in 2025 portfolios.