Category: crypto

Bitcoin traded near $64,000 after a volatile weekend related to U.S.-Iran headlines. Traders are monitoring ETF outflows, Iran news, and PCE inflation data. Ether remained near $1,750, Solana near $75, and altcoins stable. Key events this week include PCE and GDP data, Iran news, and ETF flows impacting crypto markets.

The Bank of Korea and participating banks are working on expanding the deposit token project in South Korea. Plans include person-to-person transfers, increased merchant participation, and bank-specific services. The project requires new compliance systems and technology investments. The next phase aims to establish a foundation for the wider adoption of deposit tokens.

The Bank of England has removed proposed limits on individual stablecoin holdings and eased reserve requirements in its final policy and draft rules for systemic stablecoins. The changes include dropping individual holding caps and setting an initial issuance limit of £40 billion per token, with 70% of reserves allowed in short-term government debt. Industry concerns…

Cardano founder Charles Hoskinson defended recent AI content tests after backlash over an AI-generated post shared through Input Output’s X account. Hoskinson stated that AI agents could help Cardano scale updates, community tasks, and Midnight City activity. Midnight City uses autonomous agents to test privacy views. Marketing plans are moving towards AI agents to handle…

Toss Bank and the Solana Foundation signed an agreement to test blockchain-based global remittance and settlement infrastructure. This partnership is the first direct collaboration between a South Korean internet-only bank and Solana. The goal is to study how Solana network can support overseas transfers, payments, and digital asset services before broader reviews.

Eli Ben-Sasson, co-founder of StarkWare and founding scientist of Zcash, shared his perspective on the recent Ethereum Foundation debate. He emphasized that Ethereum should prioritize merit and technology over ecosystem alignment. Ben-Sasson’s comments come amidst Foundation exits and funding concerns, highlighting the importance of technical merit in decision-making.

XRP price traded near $1.14, stuck in a narrow range after failing to clear $1.20. Ripple adoption is growing with new partnerships. ETF inflows and low exchange reserves support a potential rebound. Technical analysts are split on the future direction, with $1.10 and $1.20 key levels to watch.

MainStreet Finance-linked MSUSD traded far below its intended dollar peg following a rapid sell-off due to reserve-verification concerns. The token traded near $0.378 on CoinGecko, with liquidity concerns spreading online. Accountable terminated its service agreement with MainStreet, citing verification standards not being met. MainStreet stated assets are fully backed and seeking alternative proof-of-reserves providers.

Ripple is enhancing its focus on artificial intelligence by introducing AI agent payments using XRP and Ripple USD on the XRP Ledger. The launch of the XRPL Starter Kit allows developers to create applications where AI agents can manage payments autonomously. Ripple is also hiring for roles related to AI system development.

Ethereum co-founder Joseph Lubin defended Vitalik Buterin’s decision to write a science-fiction novel focusing on decentralized governance, calling Buterin Ethereum’s key steward. Despite some community members questioning the project’s timing, Lubin argued that fiction can effectively communicate Ethereum’s values and help further the growth and adoption of the ecosystem.