What’s Causing the Drop in Crypto?: ETF Withdrawals, Stablecoin Declines, and DAT Changes Indicate Capital Leaving Crypto
Greg Cipolaro has pointed out that Bitcoin’s drop to $84,000 wasn’t just a matter of mood but more about underlying market mechanics. As the NYDIG Global Research Director noted in a recent report, the key engine driving the anticipated 2024-2025 rally appears to have shifted into reverse. Initially, spot Bitcoin ETFs had been a primary […]
Singapore plans to test tokenized bills and introduce stablecoin regulations, according to the central bank chief.
Singapore’s Central Bank Plans Tokenized Banknotes and Stablecoin Regulations Singapore’s central bank is set to release tokenized MAS banknotes next year and initiate a pilot program to develop regulations for stablecoins, according to a senior official’s remarks on Thursday. During a keynote address at the Singapore FinTech Festival, Chia Del Jiung, Managing Director of the […]
Dubai Court Orders Global Freeze on $456 Million Related to Justin Sun’s Stablecoin Rescue
Simply put The head of the Dubai Digital Economic Court has maintained a global asset freeze and injunction against Alia DMCC, involving $456 million in assets. This company is the primary defendant in a lawsuit concerning the alleged misappropriation of stablecoin reserves associated with Tron founder Justin Sun. The freeze and injunction will persist until […]
Yen stablecoin creator anticipates a larger role in Japan’s bond market
Stablecoin Issuers May Shape Japan’s Bond Market TOKYO – The head of Japan’s pioneering yen-pegged stablecoin issuer suggests that these entities could become significant players in the Japanese government bond market in the near future. This could notably impact the central bank’s ability to manage monetary policy. On October 27, the startup JPYC began rolling […]
WLFI Partners with Bonk and Raydium to Establish USD1 as Solana’s Preferred Stablecoin
World Liberty Financial Expands on Solana Blockchain World Liberty Financial (WLFI), linked to former US President Donald Trump, has recently shared its plans to enhance its operations on the Solana blockchain. The announcement details a new collaboration between the meme coin platform Bonk and Raydium, a decentralized exchange that offers features such as automated market […]
Mastercard Plans to Take Over Crypto and Stablecoin Infrastructure Company Zerohash
Mastercard is reportedly nearing a deal to acquire the crypto and stablecoin infrastructure startup Zerohash. The companies are in the final stages of negotiations, with the acquisition potentially valued between $1.5 billion and $2 billion. However, there’s a chance the deal might fall through, according to a report by Fortune, which cited unnamed sources. When […]
Morning Minute: Western Union Selects Solana for Stablecoin
GM! Here are the highlights for today: Major cryptocurrencies have dipped by about 1-2% as we approach the FOMC meeting. BTC stands at $113,200. Bitwise’s SOL ETF has broken the record for launch day volume in 2025. Western Union has unveiled a Solana-based stablecoin. MetaMask is launching Season 1 Rewards, offering $30 million in prizes. […]
Japan launches the first stablecoin tied to the yen
Japan Launches the First Yen-Pegged Stablecoin Japan is set to introduce its first stablecoin linked to the yen this coming Monday. This is quite a noteworthy development, given that cash and credit cards remain the dominant forms of payment in the country. The Japanese startup JPYC has revealed plans to issue a stablecoin supported by […]
Japan introduces its first stablecoin linked to the yen.
JPYC Stablecoin Set to Launch in Japan Starting Monday, Japan will see the introduction of the world’s first stablecoin that is pegged to the yen. This marks a notable development in a country where cash and credit cards dominate the way people conduct transactions. The startup JPYC has revealed plans to issue a stablecoin that […]
Ethereum Whales Steadily Gather Holdings as Stablecoin Usage Soars 400%
According to Token Terminal, over the last 30 days, stablecoin transfers on Ethereum have surged by 400%, reaching a staggering $581 billion across more than 12.5 million transactions. Currently, the market cap for Ethereum’s stablecoins stands at over $163 billion. However, Ethereum itself has dipped about 4.5% in the past week, briefly hitting a support […]