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“Number Go Up” Culture Is Killing Crypto’s Cypherpunk Dream, Wintermute CEO Warns

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TLDR: Wintermute CEO Evgeny Gaevoy says crypto is now driven by a “number go up” mindset over cypherpunk values. Gaevoy argues stablecoins reinforce U.S. dollar dominance rather than building a truly decentralized financial system. Despite Ethereum’s $120B+ in TVL, Gaevoy says most of it is “stuck money” with little real-world application use. Gaevoy warns that deeper TradFi integration could permanently erase the original cypherpunk dream of decentralized finance. Cypherpunk ideals once drove the creation of Bitcoin and decentralized finance. However, Wintermute founder and CEO Evgeny Gaevoy believes the industry has moved far from those origins. Speaking on Fortune’s Crypto Playbook podcast, Gaevoy argued that crypto has been consumed by a “number go up” mindset. He also raised concerns about stablecoins reinforcing dollar dominance and the limited real-world adoption of decentralized applications, even as blockchain valuations remain high. The Shift Away From Decentr...
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Tether Ends CNH₮ Stablecoin Support: Here’s Why

TLDR : Tether will stop CNH₮ issuance immediately and end redemptions after one year due to limited demand. The CNH₮ phaseout follows a structured process with advance notice and a fixed redemption deadline. Tether said low adoption levels no longer justified ongoing operational and compliance support. The company plans to redirect resources toward stablecoins with stronger organic usage and liquidity. A major stablecoin product is set to exit the market after failing to attract lasting demand. Tether confirmed it will wind down support for its offshore yuan token CNH₮ following an internal review.  The company will stop issuing new tokens immediately and plans to close redemption services within a year. The move signals a shift toward products with stronger usage and long-term sustainability. CNH₮ Stablecoin Shutdown Marks Strategic Shift The announcement surfaced through a statement shared by Wu Blockchain, which summarized Tether’s decision to discontinue CNH₮. Tether s...
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Crypto Market News Today: Pepeto Presale Hits $7.2M as 300X Forecasts Grow and Michael Saylor Says Bitcoin Is Going to a Million

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What if the biggest crypto opportunity of 2026 isn’t buying Bitcoin at $67,000? What if it’s finding the one altcoin set to explode the hardest when Bitcoin starts its next leg up? Because every crypto cycle has proven the same thing. When Bitcoin recovers, altcoins don’t just follow. They multiply. And the altcoin positioned to make the most people rich this year is Pepeto . Geoffrey Kendrick from Standard Chartered told DL News that Bitcoin could fall to $50,000 in the coming months. According to CNBC , Bitcoin dropped below $61,000 earlier this month before recovering to $67,000. The total market has shed over $2 trillion since October. But Michael Saylor just put it plainly. Bitcoin is not going to zero. It’s going to a million. Wall Street institutions keep accumulating. ETF inflows are still positive yearly. Every major dip in Bitcoin’s history has been followed by a bigger rally. The fear is temporary. The trajectory is not. Given how this is where the real opportunity opens ...
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Best Crypto Presale to Buy: Pepeto Outshines DeepSnitch AI and Bitcoin Hyper With 100X Tools at a Fraction of the Price

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Three presales keep showing up in every crypto conversation this month. Pepeto, DeepSnitch AI, and Bitcoin Hyper. All three claim big returns. But most investors overlook the real question. It is not who raised the most. It is who built the most useful products at the cheapest entry point. And when you answer that honestly, one name pulls ahead by a wide margin. Robinhood just launched its Ethereum Layer 2 blockchain and the public testnet handled 4 million transactions in seven days. According to Fortune , partners include Alchemy, LayerZero, and Chainlink. This tells you where crypto is heading in 2026. Infrastructure wins. Products win. Everything else is noise. Best crypto presale: Pepeto builds what the meme economy actually needs Think about what happens every time a new meme coin launches. Traders scramble to buy it. Then they realize they can’t swap it easily. They can’t bridge it across chains. They can’t verify if the project is legit. Pepeto (PEPETO) solves all three prob...
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Ledn Closes $188M Bitcoin-Backed ABS With First-Ever Investment Grade Rating From S&P

TLDR : S&P assigned a BBB- rating to Ledn’s ABS senior notes, the first for a digital asset lender. The $188M offering was 2x oversubscribed, with institutional demand exceeding the full deal size. Ledn’s bitcoin collateral stays ring-fenced in custody and cannot be lent out by any party. The ABS creates a rated benchmark for bitcoin-backed loans, a first in crypto credit markets. Ledn has closed a $188 million asset-backed security offering backed by its portfolio of Bitcoin-collateralized retail loans.  Standard & Poor’s assigned the senior notes a BBB- rating, marking the first investment grade rating ever given to a digital asset lending portfolio.  The deal drew twice the demand it sought, with institutional interest surpassing the full offering size. No crypto-native lender has hit this benchmark before. Ledn Becomes First Crypto Lender to Earn Investment Grade ABS Rating From S&P The rating places Ledn in a category previously reserved for traditional as...
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SBI Ripple Asia Partners With AWAJ to Drive XRPL Adoption Across Asia

TLDR : SBI Ripple Asia and AWAJ signed an MOU to provide XRPL technical support to financial startups in Asia. AWAJ already holds separate partnership agreements with JETRO and Ripple, expanding its regional influence. Support under the deal covers system design, security checks, and connections to existing financial infrastructure. The initiative targets globally scalable XRPL use cases, with Japan positioned as the development launchpad. SBI Ripple Asia has signed a formal memorandum of understanding with Asia Web3 Alliance Japan. The partnership targets startups building financial services on blockchain technology.  Both organizations will work together to provide structured technical support. This marks a key step in expanding XRP Ledger adoption within Asia’s growing web3 sector. SBI Ripple Asia and AWAJ Formalize Technical Support Framework for Blockchain Startups The agreement focuses on supporting businesses that want to deploy financial services using XRPL.  SBI R...
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Peter Schiff Urges Bitcoin Sell-Off, Sees 84% Price Plunge

TLDR Peter Schiff warned that Bitcoin could fall to $20,000 if it breaks below the $50,000 level. He said such a move would mark an 84% decline from Bitcoin’s all-time high. Schiff urged holders to sell Bitcoin now as he questioned the current market structure. He argued that high leverage and institutional ownership could worsen any sharp downturn. Bitcoin supporters pushed back and defended the asset’s long-term value and network strength. Peter Schiff renewed his criticism of Bitcoin and warned of a steep decline if prices fall below $50,000. He said a break of that level could push the asset toward $20,000. He urged holders to sell now and framed the risk as severe. Bitcoin Crash Warning Targets $50K Support Schiff posted his latest warning on X and pointed to weakening price action. He wrote, “If Bitcoin price breaks $50K, which looks likely, it seems highly likely it will at least test $20K.” He added that such a move would mark an 84% drop from the all-time high. He...
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