Tether dropped its gold-backed stablecoin aUSDT, CME Group went against the CFTC over perpetual futures, and Ark Invest is selling Robinhood shares in favor of Coinbase securities — these and other cryptocurrency news of the morning of June 18 are in our review.
The behavior of the cryptocurrencies leading by capitalization
Bitcoin (BTC), according to TradingView, started the day with sideways movement. As of 07:27 (Moscow time), the cryptocurrency is trading at $63,943 (1 token in rubles — ₽4,653,555). Bitcoin's 24-hour low is $63,779, and the high is $66,354.
You can track the bitcoin rate in rubles via the link.
The second cryptocurrency by capitalization, Ethereum, also started the day with sideways movement. As of the time of writing this review, the coin is trading at $1,735 (1 token in rubles — ₽126,298).
In the top 10 most capitalized cryptocurrencies, the best result over 24 hours belongs to Tron (+0.94%), and over the week to Hyperliquid (+26.88%). At the same time, that coin lost more than the others within 24 hours (-7.28%). The largest 24-hour losses (-0.34%) are with BNB and Tron.
In the top 100 most capitalized cryptocurrencies, the best result over 24 hours was recorded for Ethena (+7.78%), and over the week for SKYAI (+99.80%). Over the last 24 hours (-29.55%) and seven days (-74.38%), Audiera lost in price more actively than the others.
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The main cryptocurrency news of the morning of June 18
Tether is winding down the Alloy by Tether platform and its associated gold-backed stablecoin aUSDT, just two years after launch.
The company explained the decision by a review of priorities and a desire to focus on products with higher demand and liquidity — above all on the gold token XAUT.
aUSDT allowed users to deposit XAUT as collateral and mint a dollar token without selling their gold assets. The closure will be phased: new positions are already unavailable, and aUSDT can be returned and gold withdrawn until September 17.
This is not Tether's first discontinued product: in February the company wound down the yuan-based stablecoin CNHT, and in November the euro-based EURT. XAUT remains a popular stablecoin with a capitalization of $3 billion.
Source: BeInCrypto
