Bitwise CIO: Stocks and stablecoins position Ethereum as a compelling story for ETF expansion
Ethereum Price Spike on July 2 On July 2, Ethereum’s price jumped to $2,601, marking the end of a surge that followed a challenging 16-hour consolidation period, as per Coindesk Research’s technical analysis. This increase aligns with a rising interest from institutional investors in Ethereum’s potential for tokenized financial products, alongside steady inflows into spot […]
Major Changes for Stablecoins: Implications of the New U.S. Law for Cryptocurrency
On June 17, the US Senate approved the Stablecoins Act, part of a broader effort to create a national innovation framework, with a bipartisan vote of 68-30. This bill aims to implement the first comprehensive federal regulations for stablecoins in the United States, pending approval from the House and the President’s signature. The proposed legislation […]
What is fueling Wall Street’s interest in stablecoins? Trillions at stake ahead and banks preparing for it.
Following a brief dip earlier this week, the stablecoin issuer Round returned to rally mode, seeing a significant surge in trading on Thursday. It closed up nearly 8%, adding to an impressive rise of over 600% since its debut on the New York Stock Exchange just this month. Meanwhile, Bitcoin and Ethereum have also experienced […]
White House initiative on stablecoins clashes with attempts to link cryptocurrency legislation
The White House is urging the House of Representatives to expedite the passage of stablecoin legislation with minimal alterations. This push aims to counter efforts to link the bill to a broader cryptocurrency regulatory framework. Following the Senate’s approval of the Genius Act last week, President Trump has urged the House to act swiftly, emphasizing […]
BIS states that stablecoins do not function well as money and urges for tight restrictions on their use.
BIS Report Questions Stability of Stablecoins A recent report from the International Bank for Reconciliation (BIS) raises doubts about whether stablecoins actually function as effective forms of money in today’s financial landscape. According to the BIS Annual Economic Report 2025, stablecoins do not meet essential criteria for currency, namely “single,” “resilience,” and “integrity.” The report […]
BIS issues serious caution about stablecoins
LONDON (Reuters) – Tough Warning on Stubcoin The International Bank for Reconciliation has issued a strong warning regarding the dangers linked to stubcoin, advocating for swift action by countries to explore the tokenization of their currencies. Often referred to as central banks, the BIS expressed concerns about several issues, like potential threats to financial sovereignty, […]
Visa: Stablecoins Offer Potential in Developing Markets and International Money Transfer
Opportunities and Challenges of Stablecoins in Payments Stablecoins present valuable opportunities, particularly in certain use cases like emerging markets. Recently, Jack Forestell, Visa’s Chief Product and Strategy Officer, shared insights in a blog post addressing the importance of these digital currencies. Forestell highlighted situations where users prefer maintaining US dollars due to instability in their […]
Trump Might Have Sold Stake in Platform as U.S. Stablecoins Experience Surge of Positive Developments
Trump’s Stake in Crypto Business Adjusted Amid Regulatory Changes Stablecoins are gaining traction in the U.S. policy arena, with the Senate recently passing a significant bipartisan regulatory bill. Coinciding with this development, former President Donald Trump and his family appear to have sold about 20% of their stake in World Liberty Financial, a crypto firm […]
Visa and Yellow Card collaborate to speed up the adoption of stablecoins
Visa Partners with Yellow Card for Stablecoin Expansion Visa is joining forces with Yellow Card, an African fintech firm, to broaden the Stablecoin settlement system across the Central and Eastern Europe, the Middle East, and Africa (CEMEA) regions. This partnership aims to explore how Stablecoin technology can enhance financial operations and liquidity management for cross-border […]
JPMorgan Chase Claims Deposit Token Provides a Better Option than Stablecoins
JPMorgan Chase is set to introduce a new product known as “Deposit Tokens.” This offering will function as a digital representation of funds held by commercial banks, exclusively for institutional banking clients. The “JPMD” deposit token is touted as an alternative to Stablecoins and is designed to be linked closely with the traditional banking framework. […]