The burgeoning world of cryptocurrency and blockchain technology is revolutionizing global finance. Stablecoins, digital assets pegged to fiat currencies like the US dollar, are emerging as crucial tools […]
Bithumb Warns of Potential ELX Risk: Secure your Digital Assets
South Korean cryptocurrency exchange, Bithumb, has issued a critical investment warning for all users, urging caution concerning the Elixir (ELX) token and stablecoin, deUSD. Concerns are stemming from […]
Hourglass Adjusts Deposit Limits Amidst High Demand & KYC Clarifications
Hourglass, a platform facilitating the Stable pre-deposit campaign, has implemented adjustments to manage high demand and ensure efficient operations. Key changes include: * **$1 Million Wallet Cap:** A […]
Polygon CEO Argues Stablecoins Boost Dollar’s Global Influence
Polygon Foundation CEO Sandeep Nailwal contends that stablecoins are bolstering the U.S. dollar’s global sway, a move he calls ‘Dollarisation 2.0’. He argues that these digital assets are […]
Japan’s FSA Approves Pilot for Joint Yen-Backed Stablecoin
The Financial Services Agency (FSA) of Japan has approved a groundbreaking pilot project involving the country’s largest banks, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho […]
Elixir Takes Action as Stream Finance Crisis Leads to deUSD Shutdown
Following the dramatic collapse of Stream Finance, Elixir has initiated the shutdown of its deUSD stablecoin. This decision was driven by significant exposure to Stream’s debt crisis and […]
Global Lending Protocols See Significant TVL Drop
Recent data from DefiLlama reveals that global lending protocols have experienced a substantial decline in their total value locked (TVL). As of now, the TVL stands at $68.342 […]
Cathie Wood Adjusts Bitcoin Price Prediction Amid Stablecoin Surge
Ark Investment CEO Cathie Wood has revised her Bitcoin price prediction downward, citing the rapid expansion of stablecoins as a key factor. Her revised estimate now sits at […]
Stablecoin Phase 2 Raises $860 Million, Surpassing Initial Funding Cap
The Stablecoin Pre-Deposit Event Phase 2, backed by Tether and focusing on USDC deposits, has surpassed its initial funding target of $500 million. Over $860 million was raised […]
Elixir Shuts Down deUSD Stablecoin Amidst Stream Finance’s $93 Million Loss
Decentralized finance platform Elixir has taken the drastic step of suspending its synthetic stablecoin, deUSD, following a significant financial setback affecting competitor Stream Finance. Stream halted withdrawals earlier […]
Cathie Wood Cuts Bitcoin Price Prediction to $1.2 Million
ARK Invest CEO Cathie Wood has lowered her long-term Bitcoin price prediction from $1.5 million to $1.2 million, reflecting a shift in her outlook on Bitcoin’s role in […]
Stablecoin Outflows Surge Amid Liquidity Concerns
Recent data from Stablewatch reveals a concerning trend: stablecoins have experienced their largest outflows since the Terraform collapse in 2022. Over the past week alone, a staggering $1 […]
USDC Treasury Burns 104 Million Tokens on Solana
A recent significant transaction has been revealed involving the USDC Treasury, as reported by Whale Alert and Foresight News. The USDC network has burned over 104 million USDC […]
Bank of England Sets Limits on Stablecoin Holdings to Enhance Financial Stability
The Bank of England (BOE) is taking action to regulate stablecoins in the United Kingdom, aiming to enhance financial stability and mitigate risks related to their growing use. […]
Coinbase CEO Argues U.S. Crypto Bills Will Boost On-chain Economy
Coinbase CEO Brian Armstrong advocates for new U.S. crypto bills, comparing them to ‘oil’ for the on-chain economy. He believes these bills will boost stablecoin usage in payments […]