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Bitcoin is the only decentralized currency, Tether CEO Paolo Ardoino says in a startling revelation. According to the man, who is in charge of the most influential stablecoin, Bitcoin is unique among the more than 14,000 various cryptocurrencies because it is the only one that is not centralized. An unexpected - if not to say sensational - statement was made by Ardoino during his interview with Cointelegraph. “Bitcoin is the only example of a currency that is only ruled by math that basically cannot be changed,” Ardoino stated. He added that some some cryptocurrencies are a bit more centralized or others are a bit less centralized, yet Bitcoin is the one that is not contolled by anyone in particular. “With the other currencies, you see that there is a group of developers that come every month. They are coming out with a new software release, they change the monetary policy, inflationary, deflationary, and they keep changing things,” Ardoin explained. But no substantial changes can be made to Bitcoin blockchain. There will always be no more than 21 million Bitcoin. And there will be a halving, which affects mining profits once every four years, until all 21 million bitcoins are mined, Ardoino stated. “Bitcoin is about certainty. It’s like a clock keeps ticking keeps ticking forever [...] When it comes to the concept of unstoppable products, or decentralized — because everyone uses the term ‘decentralized’ — there is only Bitcoin,” Tether CEO concluded. To Ardoino's credit, he openly admitted that Tether is centralized, unlike Bitcoin. He also stated that his opinion on Bitcoin's exclusive level of decentralization “might be controversial.” It's not often that we get to see such examples of candour from executive managers in the cryptocurrency market.

Telegram’s “The Open Network” (TON) blockchain has been consistently outperforming Ethereum in terms of daily active addresses throughout this month, analysts say. Telegram, a popular messaging app, created by Russian emigrant Pavel Durov, is not only competing against WhatsApp and Signal, it's also making waves in crypto world. TON blockchain is now emerging as a serious competitor to Vitalik Buterin's Ethereum, a current king of blockchain solutions. According to a recent post on X from Delphi Digital, a prominent firm, TON’s daily active addresses have surpassed Ethereum. Analysts think this success can be attributed to Telegram’s colossal user base of 900 million. TON’s popularity relies on Telegram’s wide distribution, Delphi Digital concludes. Another analyst company, Artemis, has published their report, showing that TON and Ethereum have been closely competing in a number of daily transactions since May 17. That figure shows how many unique wallets were active on a given day. In June, TON was surpassing Ethereum on 10 out of the 11 days so far. There even was a day when TON reached a peak usage level, which Ethereum wasn't able to grasp since September 2023. That happened on June 3, when TON had a little over 568,000 transactions. Despite these impressive figures analysts say there is a need to consider the broader context. Direct comparison of TON and Ethereum might be unfair because of all the recent technological advances the latter has reached. Ethereum has many layer 2 solutions up and running now. A significant number of transactions have migrated there. And they can't be measured using traditional metrics mentioned above. Even without beating Ethereum, TON can celebrate a significant surge in popularity. Several factors to blame here. Integration of Tether (USDT) on TON is the most prominent of them. As well as raising user base of Notcoin, a "tap-to-earn" token.

Michael Novogratz thinks that meme coins are the driving force of the crypto market. Galaxy Digital CEO has hailed memecoins as the “most powerful narratives out there.” In his X post, Novogratz called memecoins a “cornerstone” of the cryptocurrency industry. He also outlined two ways to make profit in meme coin investing. According to Novogratz, the first way is being able to pick the right meme coin to invest in. And the definitive feature of the meme coin is humor, he thinks. "If people are going to laugh at that, people are going to love that,’” he said. He even mentioned some examples of the laughable meme coins, that really work. “You know Dogwifhat, the first time you see it, you just laugh, now it’s worth $3 billion,” he added. But that was just the first way to make a fortune from meme coins. There is a second one. It is more difficult, yet significantly more fun. Novogratz offers us, mere mortals, to keep creating more meme coins. His statement follow a recent report from Galaxy Digital. The report was challenging the ongoing criticism that memecoins are just a passing trend. Their initial goal was wealth creation, the report stated. Michael Novogratz is a prominent figure in the finance and cryptocurrency sectors. He was among the early adopters of crypto. He founded Galaxy Digital, a leading crypto investment firm. Novogratz himself, is considered to be one of the influencers, whose opinion can sometimes literally shift the market. Novogratz is also known for his philanthropy, supporting various social causes through the Novogratz Foundation.

Brazil's largest bank Itaú Unibanco has announced expanding its Bitcoin and Ether trading services to all customers. Itaú Unibanco is one of the largest private banks in Latin America. It has more than 60 million customers. And only a small portion of that number were given opportunity to buy and sell cryptocurrencies with the bank back in December 2023, when the crypto experiment was first announced. The bank launched its investment platform – ‘Ion’ – and initially, the bank offered the services to selected clients. The bank said it would slowly open the new opportunities to wider customer base who download the platform’s app. Obviously, the experiment proved to be successful. Guto Antunes, head of Itaú Digital Assets, explained that the bank has been carrying out weekly surveys with customers for whom cryptocurrency operations were permitted. The survey found high degree of acceptance among the clients. The bank currently supports Bitcoin and Ether trading. But other tokens will be added as customer demand rises. Itaú Unibanco created all the tools internally. That includes crypto wallets for each client. The app has already been downloaded over 3.5 million time both in iOS and Android.

Paxos, a leading stablecoin issuer, cuts 20% of workforce. That comes as a move to ‘de-prioritizing adjacencies’, the company says. According to Bloomberg report, the stablecoin firm is lessening its focus on non-core offerings. The staff cut eliminates 65 employees. As a result, Paxos’ headcount will stay somewhere between 200 and 300. Journalists were able to obtain an email sent by Paxos CEO Charles Cascarilla to the company staff. In that email Cascarilla explains that reduction will allow the company to “best execute on the massive opportunity ahead in tokenization and stablecoins.” Cascarilla predicts that “stablecoins will 10x in the coming years and serve as the fulcrum for opening the financial system through tokenization.“ The email is full of quite victorious statements. Paxos CEO mentions that the firm is “in a very strong financial position to succeed,” with more than $500 million on its balance sheet. At the same time, he claims that it is absolutely vital for Paxos to focus on its core business. He even uses a pretty vague term “de-prioritizing adjacencies.” Though Cascarilla is not precise about what that means, Bloomberg reporters claim Paxos is about to ditch some of its commodities and securities settlement services. That means Paxos will stay focused on stablecoins - the kind of activity that brought the company to its well deserved fame. Paxos has gained some pretty stark reputation for operating various stablecoin products. That includes Pax Dollar (USDP), which has a $135.9 million market cap, Pax Gold (PAXG), which has a $429.8 million market cap, and PayPal USD (PYUSD), which has a market cap of $398.8 million. Paxos still runs Binance USD (BUSD), that was halted by Binance in February 2023. BUSD still has a market cap of over $70.5 million. On a bright side, Paxos just announced the launch of a yield-bearing stablecoin called Lift Dollar (USDL). It will be operated through the company’s UAE-based affiliate - Paxos International.

An unknown whale transferred Bitcoin worth approximately $535 million from a personal wallet to Binance after five and a half years of inactivity. It's one of those cases when even the richest people can feel envy. Blockchain data indicated that mysterious whale has made around $505 million in profit on the initial investment of 8,000 BTC. At the time of purchase BTC price was around $3,800. It is next to $69,500 at the time of writing. Here's how it happened. The whale purchased 8,000 BTC for just over $30 million in December 2018. Since then the wallet stayed untouched. Until yesterday. The story is quite outstanding as the overall trend on the market is floating the opposite direction. Analysts note that most of the whales - those guys, who have accumulated more that 1,000 in their wallets - are not moving their holdings to the exchanges even despite BTC price stalled. Most whales are not moving their coins to exchanges - which could be seen as a sign of bearish sentiment. Instead, they likely expect prices to spike higher in the coming days and weeks. This means that whales are bullish. Short-term price movements can't change their minds. Of course, the bulls might be wrong. And their expectations of the moonshot are never to be realized. At least this specific whale suddenly decide to call it quits after 5 years of waiting.

Solana might beat Ethereum and become the new altcoin leader. It might happen quite soon, in the next crypto cycle, some analysts claim. According to a recent post from Gumshoe, all the charts show that if the current bull market continue, Solana will continue to float higher than other altcoins. Analyst notes that this will continue the trend seen from the better part of 2023. Solana kept rising from obscurity to become one of the top performers. It was even outdoing Bitcoin at times. As of now, Solana is up 100% from January 2023 lows and roughly 8X from the pits of September 2023. Sceptics might say that Solana is experiencing a kind of cool-off after the recent rally. But it is hard to deny the uptrend. And there are some more factors that influence the whole picture. Solana is quickly becoming a default choice for all kinds of mem coin deployers. Miscellaneous institutions tend to massively adopt Solana as their primary blockchain. Cheap and fast transactions are key features that drive the proccess. Solana boasts a theoretical throughput of up to 65,000 transactions per second (TPS). Meanwhile, though Ethereum has the largest network, it can only process 15 transactions every second. That leads to higher transaction fees. Awaiting times for transaction on Ethereum can be pretty annoying. PayPal, Visa and Stripe are in the list of Solana adopters already. All that is happening even despite the ongoing challenges and legal hurdles. United States Securities and Exchange Commission (SEC) has recently filed a number of lawsuits against Binance and Coinbase. SEC states that Solana is an unregistered security. That, by the way, might be a serious obstacle if Solana ever tries to get its own ETFs (exchange-traded funds). The other problem here is the significantly under developed futures market. Its absence might be a problem for Solana ETFs either.

Litecoin has seen a rapid surge in active addresses. It is the most widely used cryptocurrency in the world right now. Bitcoin and Ethereum are shamed and stand quietly by. According to data from the on-chain analytics firm Santiment, the Daily Active Addresses have recently seen a big jump for LTC. This metrics refers to an indicator that keeps track of the total number of addresses taking part in some transaction activity on the network daily. It takes into account both senders and receivers and only counts the unique number of such addresses. In general, this indicator may be used as a proxy for the amount of traffic the Litecoin blockchain receives. So, the more addresses are making moves on the network, the higher is the interest in the asset. In May alone, the Litecoin Daily Active Addresses have observed extraordinarily high values. The average quantity of active Litecoin addresses in April was around 345,000. And in May it spiked to a whopping 700,000. “More people using Litecoin than any other crypto right now!” notes the official LTC X account. Litecoin has historically been one of the most popular cryptocurrencies. Unlike Bitcoin, Litecoin offers really cheap and blazingly fast transactions. Meanwhile, LTC’s price has been stagnant for a while. It seem that users don't like to store value in Litecoin. They see it as the payment means and nothing more.

Donald Trump, a Presidential candidate and a felon, met some crypto miners and made some unbelievable statements. Bitcoin to be Made in USA, he said. As Yellow.com already highlighted, Trump wants to be America's first Bitcoin President. He started with accepting crypto donations for his campaign. Now he is going even further than that. According to Cointelegraph, Trump showed his support for the crypto mining industry after executives pitched him on how they could strengthen the electrical grid and create new jobs. Trump claims that “all the remaining Bitcoin to be MADE IN THE USA!!!” as it would help the country be “energy dominant.” The ex-president also mentioned the dangers of CBDC (central bank digital currency). Trump thinks Bitcoin is the country’s “last line of defense” against CBDC. This bold statement comes despite the fact that Federal Reserve Chair Jerome Powell said in March the U.S. was “nowhere near recommending or let alone adopting a central bank digital currency in any form.” Trump might be referring to some of his supporters. They often claim that Joe Biden's hatred towards cryptocurrencies helps China, Russia and radical communists. For instance, Biden has proposed a 30% electricity tax on Bitcoin miners in the country. Miners aren't happy, to say the least.

Apple unveils ‘Tap to Pay’ feature for seamless transactions between iPhones. It is based on a popular crypto project Ripple (XRP). And if true, this is a major shift in mass crypto adoption. No wallets with unpronounceable addresses required. According to a recent Binance post, Ripple released an ad to showcase how iPhone users could simply place their iPhones towards one another to seamlessly transact funds. How it works? Well, if you've been an Apple fan for all these years, you won't be surprised. Apple is always looking for the ways to simplify advanced technologies. In this case, tech giant has unveiled a Payment Request API for its Apple Pay payment system. API is based on Ripple’s Interledger extension. Ripple is one of the oldest and most influential cryptocurrencies out there. Though you probably don't hear as much about it as you do about Dogecoin or Ethereum. Not to mention the elephant in the room, her majesty's Bitcoin. Yet, Ripple is often sees as a force that might provide such a necessary breakthrough in crypto's mass adoption. Ripple is an open-source, peer-to-peer decentralized platform. Its main feature is a seamless transfer of money in any form. In other word, it's about fast exchange of any money, be it dollars, yen, euros, or cryptocurrencies like Bitcoin. Ripple works on a consensus ledger rather than a proof-of-work system like Bitcoin. So Ripple's blockchain doesn't require energy savvy mining to function. But Apple was probably enchanted by another feature that Ripple's blockchain possesses. of course, it's the blazing speed. Ripple transactions are 2nd fastest out there. Only Solana is faster. Yet, Apple chose Ripple. Probably because of the low fees and security, and the overall reputation that Ripple possess, as of now. XRP holders are seeing Apple's decision as a sign of an imminent bull run. But XRP is yet to show market's reaction to the exciting partnership between Apple and XRP. At the moment of this writing, no surge has been detected.