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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/11/2026

Aug 11: Tron USDT Supply Hits $87.9B as Transfers Reach $2.1T in Q2

Riot Platforms Surges 25% After-Hours on $9.1B AI Data Center Deal, Re · Hackers Drain $8 Million From Coinsbuy in Coordinated Tron and Ethereu · Trump Media Records $360.6 Million Unrealized Crypto Loss in H1 2026

Aug 11: Tron USDT Supply Hits $87.9B as Transfers Reach $2.1T in Q2

Market Snapshot

Bitcoin (BTC) is trading at $64,330, down 0.83% over the past 24 hours. Ethereum (ETH) sits at $1,888, a 0.91% decrease, while Solana (SOL) is at $75.87, down 1.01%. Notably, Tron-based USDT transfers hit a record $2.1 trillion in Q2, according to Messari.

Top Stories

Key Takeaways

  • Exchange security remains a critical weak point, with sophisticated multi-chain attacks and laundering methods outpacing forensic capabilities.
  • Stablecoin settlement is driving Tron’s growth, but DeFi and DEX activity are in multi-quarter decline, suggesting a narrowing use case.
  • Public companies with large crypto treasuries face significant balance sheet volatility, and the model’s appeal is fading amid losses and failed deals.
  • AI infrastructure demand is reshaping traditional crypto mining firms, as seen in Riot’s multibillion-dollar pivot toward data center leasing.

What to Watch

Investigations into the Coinsbuy hack may reveal new insights into exchange operational risks and laundering tactics, especially as Monero’s upgraded privacy features complicate tracing. Tron’s next quarterly report will be key to assessing whether DeFi activity can rebound or if stablecoin rails remain its primary growth engine. Market observers are awaiting official confirmation from Anthropic or Riot on the $9.1B lease, which could set a new benchmark for AI infrastructure deals and influence the strategic direction of other mining firms.