Stablecoin Supply Hits Record $315 Billion Amid Ether Price Pressure
The stablecoin market reached a new high in total capitalization, surpassing $315 billion, while Ether faces downward pressure amid ETF outflows and market risk aversion.
Crypto & Fintech
Latest in Crypto & Fintech
Crypto & Fintech
Crypto & Fintech
Florida enacts new regulations for stablecoins and virtual currency kiosks
Florida has signed three laws regulating stablecoins, allowing limited kiosk use with new safeguards and licensing requirements starting this fall.
Crypto & Fintech
Ripple and SBI Launch RLUSD Stablecoin in Japan with JFSA Regulatory Approval
Ripple has teamed up with SBI VC Trade to release RLUSD, a JFSA-regulated stablecoin in Japan, initially available on Ethereum with capped transaction limits.
Crypto & Fintech
AI to Propel Next Growth Phase of India’s UPI Payment Network
NPCI forecasts artificial intelligence will enhance fraud prevention and credit distribution, driving expansion as UPI seeks new user growth and viable business models.
Crypto & Fintech
Meta Develops New Prediction Market App Without Real Money Betting Amid Industry Challenges
Meta is reportedly creating “Arena,” a prediction market app that uses a virtual points system instead of real money, aiming to revive user engagement amid skepticism.
Crypto & Fintech
Yuma Launches Fund Offering Institutional Access to Bittensor’s Decentralized AI Ecosystem
Yuma introduces a diversified fund for institutional investors to gain exposure to Bittensor’s TAO token and AI subnets, simplifying access to decentralized AI networks.
Crypto & Fintech
Ripple CEO Critiques Bitcoin Strategy Amid XRP Price Stabilization Above $1
XRP price climbed above $1 amid renewed investor confidence after regulatory advances in Europe, while Ripple’s CEO challenged Bitcoin’s accumulation model as unsustainable.
Crypto & Fintech
Morgan Stanley Surpasses 4,700 BTC in Expanding Institutional Crypto Exposure
Morgan Stanley’s Bitcoin holdings have grown past 4,700 BTC, reflecting increased institutional commitment and signaling widening acceptance of digital assets among traditional finance firms.
Crypto & Fintech
Tether’s USDT briefly surpasses Ethereum in market cap amid crypto sell-off
Tether’s USDT briefly overtook Ethereum in market capitalization during a recent crypto market downturn, reflecting increased investor caution and stablecoin demand.
Crypto & Fintech
Toss and Poseidon Launch Platform to Pay 30 Million Users for AI Training Data
Toss partners with Poseidon to enable millions of users to contribute real-world data for AI training, receiving payments through a secure, transparent system.
Crypto & Fintech
Stablecoins Shift From Crypto Tools to Key Focus in Federal Reserve’s Dollar Policy
The Federal Reserve increasingly views stablecoins as integral to dollar policy, exploring their role in global dollar flows, payment systems, and financial stability.
Crypto & Fintech
Bitcoin Slides Below $60,000, Triggering $1 Billion Liquidation Amid Fed Rate Hike Expectations
Bitcoin’s fall below $60,000 wiped out $1 billion in leveraged crypto positions as markets shift to price in a Federal Reserve rate hike by October.