Crypto Today: Bitcoin ETFs Bleed, Tether’s USDT Flips ETH, Bithumb fined

Today in crypto, Bitcoin exchange-traded funds (ETFs) post June’s biggest daily outflows, USDt flipped Ether in market cap and South Korea’s data protection regulator imposed a 210 million won fine on Bithumb for transferring users’ personal information overseas without proper consent. Bitcoin ETFs post June’s biggest daily outflows as BTC falls below $60K US-listed spot…

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Tether’s USDT Flips Ether in Market Cap as Stablecoin Climbs to $186 Billion

Key Takeaways USDT briefly passed ether by market cap at about $186.06B versus $185.66B, the first time in roughly 8 years. Tether’s issuance-driven growth met a falling ether price near $1,500, closing a gap that had narrowed for months. Ether subsequently reclaimed second place as prices firmed, but USDT’s continued rise reflects stablecoins’ growing dominance…

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