The Depository Trust & Clearing Corporation (DTCC) is exploring the use of stablecoins to potentially streamline securities transactions, according to recent news from BlockBeats on June 12th. This […]
Wall Street Embraces Crypto: Institutional Investors Drive Change
Major financial institutions are shifting their stance on cryptocurrency, with Binance CEO Richard Teng highlighting a fundamental change in the global financial landscape. Teng believes the next decade […]
Hedge Funds Race to the Clock: Weekend Traders in a Crypto Market 24/7
Cryptocurrency markets never sleep. That’s why traditional hedge funds are adapting their strategies by hiring weekend traders. As these digital assets trade around the clock, hedge funds need […]
U.S. Treasury Secretary Forecasts $2 Trillion Stablecoin Market
U.S. Treasury Secretary Scott Bessent predicts a substantial expansion of the stablecoin market to reach $2 trillion, potentially bolstering the U.S. dollar’s global financial dominance. This prediction aligns […]
Trump Administration Seeks to Bolster Dollar Dominance with Stablecoin Use
The Trump administration is actively promoting stablecoins as a key tool for reinforcing the US dollar’s position as the world’s dominant reserve currency. Scott Bessent, U.S. Treasury Secretary, […]
Circle’s Record IPO Leaves $3 Billion on the Table: A Tale of Wall Street Success & Missed Opportunity
Circle’s highly-successful initial public offering (IPO) on June 5th, 2023, set a historic record. Its share price surged by over 250% in just two days, exceeding all previous […]
Scott Bessent Emerges as Potential Candidate for Federal Reserve Chair
The name Scott Bessent has been thrown into the spotlight as a possible candidate to fill the vacant seat of the U.S. Federal Reserve Chairman. While no official […]
Bitcoin Adoption Soars: 126 Public Firms Now Hold $819,000 BTC
Public companies globally are increasing their holdings of Bitcoin, with 126 companies now holding a substantial amount – almost $819,000 worth. This trend is driven by growing confidence […]
Bitwise Forecasts $230,000 Bitcoin by End-of-Year, Driven by US Debt and Tax Cuts
Despite Bitcoin’s recent record highs, Bitwise analysts predict that the cryptocurrency could reach a fair value of $230,000 by year-end. The bullish outlook is fueled by two key […]
GameStop Revenue Misses Estimates, Shares Drop After Q1 Report
GameStop’s shares fell following the release of its Q1 2024 earnings report. The retailer reported a decline in revenue compared to analyst expectations and experienced reduced operating profits. […]
White House Clears Up Fed Chair Rumor, Market Remains Stable
A rumor regarding a potential change in leadership at the Federal Reserve quickly dissipated after the White House issued a clear denial. This swift action helped to prevent […]
House Committee Advances Crypto Market Structure Bill
Moreover, by enhancing regulatory clarity, this bill will likely foster innovation within the cryptocurrency sector. From blockchain technology to bitcoin, Ethereum, DeFi platforms, and even NFTs, a more […]
Stablecoin Regulation: South Korea Leads the Pack in a Fast-Changing Race
The race for stablecoin regulation has begun, with South Korea taking a decisive lead. The country recently passed the Digital Asset Basic Act, granting companies permission to issue […]
From Memes to Politics: The Rise of Memecoins in the Crypto World
The journey from memes to political influence is a remarkable story for memecoin technology. Starting as humorous responses to the crypto market, these coins have evolved into significant […]
Bitcoin Price Target: The Fed’s Pivot and Institutional Adoption
In an exclusive interview, Dean Chen, Analyst at Bitunix, delves into the factors influencing Bitcoin price trajectory. From market speculation regarding a potential Fed pivot to the impact […]