Friday, July 3

Business

Yield-Bearing Stablecoins Lose .5B in Q2

Yield-bearing stablecoin supply fell by more than $3.5 billion in the second quarter of 2026, reversing nearly three years of quarterly growth as crypto-native products contracted and Treasury-backed tokens expanded. Crypto exchange CEX.IO reported Thursday that…

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Private depots raise petrol to N800/litre in Lagos

Private petroleum depots across Lagos and other key fuel trading hubs have raised the ex-depot price of Premium Motor Spirit (petrol) to as high as N800 per litre, Sunday PUNCH has observed. Data obtained from petroleumprice.ng on Friday showed that…

US National Debt Surges Past .5T on Bitcoin Genesis Block Day

The United States National Debt surged past $38.5 trillion on Saturday, as Bitcoiners celebrated “Genesis Day,” the day the first block was mined on the Bitcoin network by pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto.US government debt at the time of…

Lagos hotel room rates hit N205,534 as supply lags

Average hotel room rates in Lagos have climbed to a record N205,534, a sign of how quickly business and corporate travel is returning to Nigeria’s commercial capital, even as new hotel supply lags. Data from Estate Intel’s Lagos Real Estate…

Fidelity Bank appoints new board chairperson

Fidelity Bank Plc has appointed Amaka Onwughalu as its new board chairperson following the completion of the tenure of its former chairperson, Mustafa Chike-Obi. In a Friday disclosure to the NGX, signed by the company secretary, Ezinwa Unuigboje, the bank…

Trust Wallet Faces False Reimbursement Claims Following M Hack

Trust Wallet has moved into a verification phase after a Christmas Day exploit involving its browser extension; while thousands of wallets have been identified, the company has received far more reimbursement claims than expected.On Monday, Trust Wallet CEO Eowyn Chen…

Bitcoin Analysts Say This Must Happen for BTC Price to Break K

Bitcoin’s (BTC) end-of-year rally toward $90,000 appeared to be stalling due to a lack of demand and weak onchain activity. Still, a new technical setup suggested that momentum may increase once the BTC/USD pair breaks above $90,000. Key takeaways:Apparent demand and…

RWAs Overtake DEXs as Fifth-Largest Category in DeFi by TVL

Real-world asset (RWA) protocols are one of decentralized finance’s (DeFi’s) winners in 2025, overtaking decentralized exchanges (DEXs) to become the fifth-largest category by total value locked (TVL), according to DefiLlama. RWAs now account for about $17 billion in TVL, up from…

BitMine Stakes B Ether, Corporations Seek Crypto Yield

Corporations are increasingly turning to Ethereum staking to earn passive yield, a shift that is tightening the amount of Ether available for sale on the open market.BitMine Immersion Technologies, the largest corporate Ether (ETH) holder, has staked 342,560 ETH worth…

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