The U.S. Senate has averted a government shutdown, ensuring continued operations while advancing key cryptocurrency legislation, including stablecoin regulations. This vote paves the way for regulatory clarity in […]
Stablecoins and Global Finance: South Korea Sets Key Regulatory Guidelines
South Korea’s Financial Services Commission (FSC) has outlined essential criteria for the responsible adoption of stablecoins in the global financial system. Chairman Lee Eok-won emphasized that these regulations […]
Hourglass Requires KYC for Stable Deposit Vault Users Amidst Massive Inflows
Hourglass has announced a new KYC requirement deadline for its Stable Deposit Vault, implemented in response to substantial inflows exceeding $1.74 billion. Over 24,000 wallets have deposited funds […]
Ethereum’s Stablecoin Surge: A $84.9 Billion Milestone Signals Web3 Financial Power
Ethereum has seen a remarkable $84.9 billion growth in stablecoin values over the past year, according to new data from Artemis. This achievement highlights Ethereum’s dominance as the […]
Solana’s Stablecoin Surge: How USDC and Circle Drive its DeFi Growth
Solana’s stablecoin ecosystem is rapidly expanding, reaching a remarkable $14 billion in total on-chain liquidity. This milestone places Solana ahead of competing blockchains like Base, Arbitrum, and Optimism, […]
Schumer Vetoes Republican Government Funding Bill, Proposes Amendment Targeting Stablecoin Profits
U.S. Senate Minority Leader Chuck Schumer has voiced his disapproval of the Republican-backed government funding bill, signaling a potential clash with House Republicans. He believes House Democrats should […]
Stablecoin Demand Could Lower Interest Rates, Claims Fed Official
US Federal Reserve Governor Stephen Miran suggests that the growing demand for dollar-pegged crypto stablecoins could influence interest rates downward. According to Miran, these tokens may act as […]
Bank of Korea Proposes Bank-Led Stablecoins, a Move Shaping Crypto Regulation
The Bank of Korea has proposed a groundbreaking approach to stablecoins by advocating for bank-led issuance rather than relying on non-bank entities. This strategic move could reshape how […]
CFTC Unveils Proposal to Use Stablecoins as Collateral in Derivatives Markets
The Commodity Futures Trading Commission (CFTC) has proposed a significant regulatory shift, aiming to integrate stablecoins into derivatives markets. Acting Chairman Caroline D. Pham’s initiative could revolutionize how […]
Bitcoin Market Sees Unusual Shift: Whales Sell, Stablecoins Surge
Recent data from on-chain platform CryptoQuant reveals a unique trend in the Bitcoin market. Despite prominent whale losses exceeding $1.3 billion over the past six days, the cryptocurrency’s […]
Crypto Market Emotional Bottom: Concerns Rise Amid Selloff
The crypto market is grappling with a steep sell-off triggered by the depegging of several stablecoins, leaving investors concerned about market stability and long-term prospects. Notably, major players […]
Cathie Wood Downgrades Bitcoin Forecast as Stablecoins Gain Traction
ARK Invest founder Cathie Wood has revised her Bitcoin price forecast for 2030, adjusting it from $1.5 million to $1.2 million due to the growing influence of stablecoins […]
Crypto Crash Concerns: Stay Safe With Stablecoins
While cryptocurrency markets have seen significant price surges this year, analysts are expressing caution about potential downturns. Factors such as persistent high interest rates and new regulations could […]
Italian Banks Back Digital Euro But Advocate for Gradual Cost Allocation
Italian banks have expressed support for the European Central Bank’s (ECB) initiative to introduce a digital euro, but they urge a staggered approach in funding costs. The Italian […]
Gauntlet Proposes Removal of Stablecoins from Euler Yield
DeFi risk management protocol Gauntlet has proposed a significant change to the Euler community: removing rUSD and srUSD from Euler Yield entirely. According to Foresight News, this proposal […]