{"id":19442,"date":"2025-07-16T17:56:03","date_gmt":"2025-07-16T17:56:03","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/07\/16\/crypto-market-update-bitcoin-up-tether-expands-into-agriculture\/"},"modified":"2025-07-16T17:56:03","modified_gmt":"2025-07-16T17:56:03","slug":"crypto-market-update-bitcoin-up-tether-expands-into-agriculture","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/07\/16\/crypto-market-update-bitcoin-up-tether-expands-into-agriculture\/","title":{"rendered":"Crypto Market Update: Bitcoin Up, Tether Expands into Agriculture"},"content":{"rendered":"<\/p>\n

Here\u2019s a quick recap of the crypto landscape for Wednesday (July 16) as of 9:00 a.m. UTC.<\/strong><\/p>\n

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n

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Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC) <\/strong>was priced at US$118,712, up by 0.8 percent in the last 24 hours. The day\u2019s range for the cryptocurrency brought a low of US$116,094 and a high of US$119,248.<\/p>\n<\/div>\n

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Bitcoin price performance, July 16, 2025.<\/em><\/p>\n

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Chart via TradingView<\/p>\n

Bitcoin\u2019s price resurgence came after US lawmakers faced a setback in passing key \u2018Crypto Week\u2019 bills, but renewed hope emerged when President Trump signaled support, suggesting the GENIUS Act could pass imminently <\/p>\n

Institutional demand also fueled the rally, as Bitcoin spot ETFs continued to attract significant capital, marking sustained interest from both large and retail investors alike. <\/p>\n

Ethereum (ETH)<\/strong> was priced at US$3,163.97, up by 5.2 percent over the past 24 hours. Its lowest valuation on Wednesday was US$2,979.70 and its highest was US$3,179.69.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n

Solana (SOL)<\/strong> was priced at US$165.29, up by 3.9 percent over 24 hours. Its lowest valuation on Wednesday was US$157.97, and its highest was US$167.37. <\/p>\n

XRP<\/strong> was trading for US$2.96, up 2.3 percent in the past 24 hours. The cryptocurrency\u2019s lowest valuation was US$2.85, and its highest was US$2.98. <\/p>\n

Sui (SUI)<\/strong> is trading at US$4.03, up by 1.0 percent over the past 24 hours. Its lowest valuation was US$3.91, and its highest was US$4.10.<\/p>\n

<\/span>Cardano (ADA)<\/strong> deviated from the trend, up by 2.3 percent to US$0.7516. Its lowest violation sits at US$0.7151 while its highest valuation as of Wednesday was US$0.7536. <\/p>\n<\/div>\n

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Today\u2019s crypto news to know <\/h3>\n

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Tether\u2019s acquires US$600 million farmland in Stablecoin push<\/h4>\n

Tether, the issuer of the USDT stablecoin, has acquired 70 percent of Adecoagro, a major South American agricultural producer, for around US$600 million. <\/p>\n

Reuters reported that the move represents a new strategy to connect stablecoin payments with physical commodities like rice, sugar, and ethanol. Tether aims to embed its dollar-pegged digital currency into global trade flows, allowing cross-border payments to settle in seconds instead of days and at significantly lower costs. <\/p>\n

The company believes controlling hard assets can provide inflation-resistant revenue and bolster confidence in USDT\u2019s reserve backing. Adecoagro operates across Argentina, Uruguay, and Brazil, producing food and energy-related commodities critical to trade in the region. <\/p>\n

Tether\u2019s broader plan appears to be building a vertically integrated ecosystem where crypto finance and traditional supply chains converge. With US$149 billion in reserves and US$143 billion in USDT in circulation, the company is using its financial heft to push deeper into real-world infrastructure. <\/p>\n

Executives say the long-term goal is for USDT to become a settlement layer in markets traditionally dominated by fiat and slow payment rails.<\/p>\n

Citigroup CEO says bank exploring launch of its own Stablecoin<\/h4>\n

Citigroup is weighing the launch of a proprietary stablecoin as part of its broader push into blockchain infrastructure, CEO Jane Fraser confirmed during the bank\u2019s Q2 2025 earnings call. <\/p>\n

While tokenized deposits remain the bank\u2019s immediate priority, Fraser said a Citi-backed digital dollar could play a key role in future client solutions for cross-border transactions. The bank\u2019s digital asset strategy centers on four pillars: tokenized fiat deposits, reserve management for stablecoins, custodial services for digital assets, and fiat-to-crypto on- and off-ramps. <\/p>\n

Citi\u2019s interest comes amid broader momentum for stablecoins in 2025, with the market expected to reach US$3.7 trillion by 2030 according to internal projections. <\/p>\n

Fraser emphasized that these innovations aim to modernize banking infrastructure and serve client demand for 24\/7, multi-currency, compliant payment systems. The potential Citi stablecoin would likely be dollar-pegged and integrated into corporate treasury services. <\/p>\n

Citi joins a list of traditional finance heavyweights, even rival and formerly crypto skeptic JPMorgan, now exploring blockchain-based products as regulation for stablecoins gains clarity.<\/p>\n

Polymarket cleared by DOJ and CFTC after years of scrutiny<\/h4>\n

Federal authorities have ended their investigations into Polymarket, a blockchain-based prediction market platform, effectively closing a multi-year regulatory saga. <\/p>\n

The US Department of Justice and the Commodity Futures Trading Commission (CFTC) notified the company this week that it will face no further enforcement actions. This follows a dramatic period in late 2024 when FBI agents raided the Manhattan penthouse of Polymarket\u2019s CEO, Shayne Coplan, seizing devices amid suspicions of continued US user access. <\/p>\n

The company had previously settled with the CFTC in 2022 for US$1.4 million after being accused of offering unregistered event-based options. <\/p>\n

Despite the settlement, regulators remained concerned Polymarket had violated terms by still allowing US residents to place bets. <\/p>\n

The closure of the case comes amid shifting regulatory winds, as the White House advances more structured digital asset legislation under President Trump\u2019s administration. <\/p>\n<\/div>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s a quick recap of the crypto landscape for Wednesday (July 16) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$118,712, up by 0.8 percent in the last 24 hours. […]<\/p>\n","protected":false},"author":0,"featured_media":19443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-19442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/19442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=19442"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/19442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/19443"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=19442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=19442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=19442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}