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Ethereum Overtakes Tron as the Leading Network for USDT Supply

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Ethereum has emerged as the leading blockchain for Tether’s USDT supply, surpassing Tron in a monumental shift for stablecoin dominance.

Over the past month, Tether issued $20 billion in USDT on the network, possibly marking it as the go-to blockchain for activity involving the fiat-pegged cryptocurrency.

Strategic Expansion

Figures shared by the on-chain data platform Token Terminal show that Tether’s $20 billion issuance on the world’s largest blockchain by total value locked is nearly twice the active loans on protocols like Aave.

Additional information from another blockchain analysis platform, Lookonchain, indicates that the surge in USDT minting started on November 6. Since then, Tether has been issuing between $1 billion and $2 billion of stablecoins every few days across Ethereum and Tron, with the former accounting for the lion’s share.

The trend is more than just numbers. Some analysts imply it is a nod to the reputation of the platform co-founded by Vitalik Buterin as a “trusted” and socially reputable network—a critical factor for institutional adoption.

Furthermore, commentators like DCinvestor on X have suggested that the uptick is just the beginning. They predict that Ethereum’s stablecoin supply could go up exponentially, potentially reaching as high as $1 trillion by the end of 2025. If it became a reality, this growth would represent a massive boost to the network’s overall economy, even cementing its position as the backbone of decentralized finance (DeFi).

USDT’s Dominance

According to DefiLlama data, Tether has continued to expand its issuance, controlling more than 69% of the $201 billion stablecoin market. In Q4 2024, records revealed that about 109 million wallets held the asset, more than double those holding Bitcoin and less than 20 million behind those with Ethereum.

Additionally, the issuer registered more than 4.5 billion web hits in the first 9 months of the year, with emerging markets accounting for nearly half that number.

With a presence in over 80 blockchain networks, USDT currently has a market cap of $140 billion, up 12.55% in the last month. Its closest competitor, USD Coin (USDC), valued at $41.5 billion, recently entered into a strategic partnership with Binance, seeking to challenge the Tether’s dominance.

While details of the collaboration remain scant, it is intended to expand the global adoption of USDC. Binance will incorporate the stablecoin into its full suite of products and services, making it accessible to its 240 million-strong user base.

Attempts to reverse USDT’s hegemony aren’t limited to USDC. Not long ago, several crypto companies, including Robinhood, Kraken, Galaxy Digital, and Paxos, came together to support the development of the Global Dollar (USDG). Its proponents claim the asset will help speed up the adoption of such instruments around the world.

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Everstake Secures SOC 2 Type II, ISO 27001 & GDPR Compliance to Strengthen Institutional-Grade Security

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[PRESS RELEASE – Miami, FL, May 29th, 2025]

Everstake, a leading global non-custodial staking provider for retail and institutional clients, has successfully achieved SOC 2 Type II, ISO 27001:2022 certifications, and GDPR (General Data Protection Regulation) compliance, further solidifying its commitment to the highest security and regulatory standards. The independent audit was conducted by Prescient Security, a global leader in cybersecurity.

Institutional investors rank security and compliance as the top barriers to staking adoption — with over 61% willing to pay extra for peace of mind. Everstake’s latest certifications directly address these concerns — ensuring that its infrastructure meets the highest global standards for security and data protection while remaining accessible to everyone.

SOC 2 Type II certification validates that Everstake maintains high levels of operational integrity, data confidentiality, and system availability. Unlike Type I audits, SOC 2 Type II involves continuous evaluation of systems over time, making it one of the most rigorous benchmarks in enterprise-grade cybersecurity.

Prescient Security’s audit concluded that Everstake’s Information Security Management System (ISMS) is generally compliant with the requirements of ISO/IEC 27001:2022, demonstrating the organization’s maturity, ongoing development, and its ability to safeguard client data, mitigate risks, and uphold operational resilience.

Meanwhile, GDPR compliance guarantees that Everstake adheres to the strictest data privacy protocols, reinforcing trust among users in the European Union, European Economic Area, and the United Kingdom.

“Achieving SOC 2 Type II and ISO 27001:2022 certifications along with GDPR compliance marks a critical milestone for Everstake and stands as a testament to our commitment to institutional-grade security and transparency,” said Bohdan Opryshko, co-founder and Chief Operating Officer at Everstake. “Institutional investors demand the highest level of protection when staking assets, and these certifications provide them with the confidence that Everstake meets globally recognized security standards.”

“By achieving compliance with SOC 2 Type II, ISO 27001, and GDPR standards, Everstake demonstrates a strong commitment to security and risk management. These frameworks require rigorous testing and validation of internal controls, ensuring that our systems meet the highest standards of operational integrity and data protection. This proactive approach enhances our security posture and supports broader institutional adoption of staking by addressing regulatory and compliance expectations. Our team remains focused on continuous control monitoring, improvement, and adherence to industry best practices to establish new standards for secure and compliant staking services,” said Denys Avierin, Chief Information Officer at Everstake.

The full certification reports are available upon request.

About Prescient Security:

A Global Top 20 Independent Audit and Penetration Testing Company, Prescient Security delivers unparalleled quality in audits, attestations, and certifications to ensure excellence and client success. Using a Risk-Based Audit Approach versus a Requirement-Based Audit Approach, paired with the ability to customize audit deliverables based on specific client needs, Prescient Security operates from a cybersecurity standpoint first, is comprehensive yet granular, and in a fraction of the time.

About Everstake:

Everstake is a leading global non-custodial staking provider, enabling secure and scalable access to over 85 Proof-of-Stake networks for both institutional and retail clients. Founded in 2018 by blockchain engineers, the company supports more than 735,000 delegators, $6.5 billion in staked assets, and 40,000+ active validators — delivering institutional-grade infrastructure with 99.9% uptime and zero material slashing events since inception.

Trusted by asset managers, custodians, wallets, exchanges, and protocols, Everstake offers API-first, compliant infrastructure backed by SOC 2 Type 2 and ISO 27001:2022 certifications, GDPR compliance, and regular smart contract audits. Its globally distributed team of 100+ professionals is committed to making staking accessible to everyone while strengthening the foundations of decentralized finance.

Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of or otherwise hold or manage customer assets. Everstake does not conduct independent diligence or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake’s provision of technology services allowing users to stake digital assets is not an endorsement or a recommendation of any digital asset. Users are fully and solely responsible for evaluating whether to stake digital assets.

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Bitcoin Price Outlook: 3 Bullish and 2 Bearish Factors to Watch

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TL;DR

  • Bitcoin continues to show signs of strength, with indicators pointing toward sustained interest and potential for continued growth.
  • While sentiment is overwhelmingly positive, similar conditions in the past have sometimes preceded sharp corrections, reminding investors to stay vigilant.

The Bullish Elements

Bitcoin (BTC) made history on May 22 by surging to nearly $112,000 – its highest level ever. Since then, it has pulled back to $108,600 (according to CoinGecko), but several factors suggest that there is still fuel left for further gains.

Earlier today (May 29), the popular analyst Ali Martinez revealed that more than 30,000 BTC have been moved off exchanges in the last 30 days. Calculated in current rates, the stash equals over $3.2 billion.

Such a development suggests that investors have shifted from centralized platforms to self-custody solutions, which reduces the immediate selling pressure.

According to CryptoQuant’s data, the asset’s supply on exchanges currently stands at less than 2.45 million BTC, which is the lowest point observed since the summer of 2018. 

The following factor is the growing inflows toward the spot Bitcoin ETFs. Data compiled by SoSoValue shows that the last day with a negative daily netflow was May 13. Since then, the funds have attracted over $4.1 billion in the span of just a couple of weeks.

BlackRock’s iShares Bitcoin ETF (IBIT), for instance, has recorded 33 consecutive days of inflows, accumulating nearly $4 billion over the last two weeks. The investment vehicle now ranks among the top five ETFs (out of over 4,200 products) in terms of inflows for 2025.

Last but not least, we’ll take a look at BTC’s Market Value to Realized Value (MVRV) ratio. As the name suggests, it compares bitcoin’s market capitalization to its realized capitalization and helps traders identify whether the asset is undervalued or overvalued.

Over the past month, the ratio has been hovering in the healthy zone of 2-2.50, indicating that there is still room for price growth. CryptoQuant claims that historically, values above 3.70 have indicated market tops, while figures below 1 have pointed out bottoms.

BTC MVRV
BTC MVRV, Source: CryptoQuant

Something for the Bears

Contrary to the optimistic landscape, there are some concerns to consider. IntoTheBlock’s data shows that, as of the moment, no single BTC investor is sitting on paper losses, while a staggering 98% have made some profits (at least on paper) on their initial investments.

BTC Investors in Profit
BTC Investors in Profit, Source: ITB

This might sound encouraging, but in the past, such trends were sometimes followed by a price pullback. In October 2024, about 95% of BTC holders were in profit as the asset’s valuation topped $69,000 before briefly falling below $65,500. A similar pattern was also seen in September and March last year. 

As reported earlier today, Santiment also believes that such high numbers of investors in profit could spell trouble for the asset as they tend to realize profits.

We now move on to the popular Fear & Greed Index, whose ratio has been in either “Greed” or “Extreme Greed” territory since May 5. The metric examines various factors, including price fluctuations, survey responses, and social media activity, to assess the ongoing investor sentiment toward the cryptocurrency.

BTC Fear and Greed
BTC Fear and Greed, Source: alternative.me

It appears that there is growing optimism and an increasing appetite for BTC, but let’s not forget that the crypto market is unpredictable, and price movements often defy the crowd’s expectations. One should also keep in mind Warren Buffett’s famous advice, who once said people should “be fearful when others are greedy and to be greedy only when others are fearful.”

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Analyst Predicts $3K Ethereum (ETH) Milestone in June

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Ethereum (ETH) is flashing bullish signals, prompting prominent market watchers to predict a surge past the $3,000 mark as early as June.

The second-largest cryptocurrency is bucking broader market trends and raising hopes for a long-awaited altcoin season, thanks to sustained institutional inflows and positive technical indicators.

Technical Hurdles and the $3K Target

At the time of this writing, ETH was trading around $2,720, marking a modest 3.4% gain over the past 24 hours. The performance extended a broader uptrend, with the asset up 3.7% in the last seven days, 7.6% over two weeks, and just under 50% in the past month.

This resilience has been in stark contrast to the global crypto market, which is down 2% in the last week, and Bitcoin (BTC), which momentarily dipped below $108,000 days after hitting its third all-time high (ATH) this cycle, amid recent market softness.

While ETH’s ability to climb when its peers stalled highlights its current relative strength, analysts believe the immediate technical battle lies overhead. “Big resistance at $2.8K for now, which will be a tough level to break through quickly,” noted Daan Crypto Trades in a post on X.

The cryptocurrency tested the $2,700 level twice this week before finally decisively pushing above it earlier today. Analyst Michaël van de Poppe sees this as a critical indicator:

“Ethereum above $2,700 is a great sign. I think we’ll see $3,000+ in June,” he posted.

Market Sentiment Points to Breakout

Beyond price action, institutional demand is also turning into a handy bedrock support for ETH. BlackRock’s spot Ethereum ETF (ETHA) is one of the best examples of this, scooping up over $32 million worth of the crypto asset on May 27. The fund has seen 13 consecutive trading days of inflows, accumulating about $170 million last week to push its total to $4.4 billion.

“ETH Spot Premium also still solid,” observed Daan Crypto Trades. “It doesn’t have as many ETF inflows as BTC does but relative to its market cap doesn’t need nearly as much to keep the move going.”

Furthermore, as reported by CoinDesk, firms like QCP Capital have described the market backdrop as a “Goldilocks zone,” with the easing of yields on long-dated U.S. and Japanese bonds calming investor nerves to create a potentially favorable environment for risk assets like crypto.

The $2,800 resistance may present a near-term hurdle, but the confluence of persistent institutional buying, improving technical structure, and positive on-chain sentiment, married to a conducive macro environment, has analysts increasingly confident ETH can hit $3,000 next month.

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