France Advocates for Expansion of Euro Stablecoins Amid Policy Change
French Finance Minister Roland Lescure has called for an increase in euro-issued stablecoins, urging banks across the European Union (EU) to explore tokenized deposits, as reported by Reuters on Friday.…
SEC’s New Crypto Strategy Unveiled in Launch Podcast Episode
Under the leadership of Chair Paul Atkins, the SEC is signaling a shift towards cooperation with the crypto sector, prioritizing innovation over confrontation. This approach raises questions about whether these…
Payward Agrees to Acquire Bitnomial for $550 Million as Part of Strategic Expansion
Payward, the parent company of the crypto exchange Kraken, has announced a deal to acquire digital asset derivatives platform Bitnomial in a cash-and-stock transaction valued at up to $550 million.…
Morning Minute: Schwab Ventures into Crypto with $11T+ Assets
In a recent development, Charles Schwab has initiated spot Bitcoin and Ethereum trading under the ‘Schwab Crypto’ brand via its Premier Bank, as confirmed during the Q1 earnings call on…
Bitcoin Faces Potential Short Squeeze as Funding Rates Hit Record Negatives
As Bitcoin approaches $76,000, investors are divided over its immediate future due to persistently negative funding rates in the derivatives market. These rates, which reflect fees paid by traders to…
Tether’s $127 Million Rescue of Drift Protocol Challenges Circle’s Dominance in Solana Payments
The stablecoin issuer Tether has intervened with a significant recovery plan for Drift Protocol, the Solana-based decentralized exchange (DEX) that suffered a $286 million exploit earlier this month. The rescue…
Bitcoin Gains from Ceasefire Slowdown as Market Awaits Concrete Progress
The recent momentum Bitcoin (BTC) experienced following U.S.–Iran ceasefire news appears to be waning, with investors seeking substantial developments that could alleviate war-driven economic stress globally. Early today, the cryptocurrency…
Circle Faces Class Action Lawsuit Following $285M Drift Protocol Breach
A class action lawsuit has been filed against Circle by investors from Drift Protocol, who suffered losses during an April 1 hack that resulted in $285 million being siphoned off…
Bitcoin Struggles Below $76,000 Amidst $450 Million Sell Wall Despite Rising Derivatives Activity
For the third consecutive day, Bitcoin (BTC) remains below the $76,000 mark, currently trading at $75,440. CoinGlass data reveals that bullish traders are targeting a substantial sell wall amounting to…
Ripple’s Stablecoin Faces Challenges in Japan Amidst Trust in Megabank Issuers
Despite being one of Ripple’s most supportive markets, Japan presents obstacles for Ripple’s stablecoin RLUSD due to the high trust placed in megabanks. SBI has been a significant partner since…