Here is what happened yesterday in the crypto market:
Tether Increases Bitcoin Holdings by $735M in Q1
Tether acquired 8,888 Bitcoin in Q1 2025 for $735 million, increasing its total holdings to 92.6K BTC. This move further solidifies Tether’s position in the crypto market.
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Ethereum Dominates DEX Trading, Surpassing Solana
Ethereum has reclaimed its position as the leading blockchain for decentralized exchange (DEX) trading, surpassing Solana after a market downturn affected activity on the latter.
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Binance Discontinues USDT Trading in Europe Due to MiCA
To comply with the Markets in Crypto-Assets (MiCA) regulation, Binance has stopped offering spot trading pairs involving Tether’s USDT within the European Economic Area (EEA).
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Crypto Hacks Exceed $1.6B in Q1 2025, Bybit Exploit Dominates Losses
Cryptocurrency-related hacks resulted in losses of over $1.63 billion during the first quarter of 2025. The breach of Bybit accounts for over 92% total losses.
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Bitcoin Nears $85,000 Amid Tariff Anxieties
Bitcoin is approaching $85,000 as traders react to the potential impact of newly announced U.S. tariffs set to take effect on Wednesday. Dogecoin and Cardano saw significant gains.
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