Category: crypto

Locked token holders have experienced significant drawdowns in their positions compared to OTC valuations in May 2024. Data shows that most major tokens have seen valuation declines, with only JITO showing a gain. This highlights the risks of investing in illiquid, locked positions during early-stage token rounds. Early investors may have missed better exit opportunities…

The European Central Bank is concerned about President Donald Trump’s pro-crypto agenda and the potential threat of dollar-backed stablecoins to the eurozone’s financial stability. The ECB is urging the European Commission to review existing crypto regulations to counteract aggressive US reforms. Both institutions disagree on the potential risks posed by foreign-backed stablecoins but agree on…

Former SEC Chair Gensler’s departure has not stopped the agency’s regulation-by-enforcement approach towards the crypto industry. Paradigm’s Justin Slaughter emphasizes that state-level lawsuits against crypto exchanges, like Coinbase, continue despite federal leadership changes. State AGs lack resources for detailed cases, leading to unpredictable outcomes without federal legislation.

Trump Media & Technology Group (TMTG) is expanding into digital assets and finance with the launch of ETFs under the “Truth.Fi” brand in partnership with Crypto.com and Yorkville America Digital. The ETFs aim to combine exposure to digital assets and key US sectors. Trump-related assets such as Trump Media stocks and the TRUMP memecoin have…

Dutch bank ING is collaborating with other financial institutions and crypto service providers to develop a euro-backed stablecoin. This project aligns with the EU’s MiCA regulation, which aims to regulate digital asset operations. Traditional banks like Société Générale and Standard Chartered are also exploring stablecoin opportunities to enhance cross-border payments and financial services.

CoinShares’ latest report shows a modest $6 million in inflows into digital asset investment products last week, following weeks of notable outflows. Market sentiment was cautious, with significant withdrawals triggered by strong US retail sales data. Bitcoin and Ethereum faced pressure, while XRP had the strongest weekly inflow. US-based investors led the outflows.

The European Central Bank is concerned about the potential impact of US President Donald Trump’s support for cryptocurrencies, particularly stablecoins. The ECB believes that US stablecoin legislation could expose the EU to market instability and has urged EU lawmakers to strengthen regulations. However, the European Commission disagrees, stating that existing laws are sufficient to control…

Bitcoin has outperformed gold in the past 36 hours, reaching $88,500 and climbing 4.4% compared to gold’s 3.5% increase to $3,445 per ounce. The US imposed high duties on Southeast Asian solar panels, causing trade fears with China. Bitcoin and gold’s rise suggests a preference for hard assets. Equity markets remained defensive, while Bitcoin’s correlation…

: Ripple’s XRP and RLUSD stablecoin have seen significant advancements in the crypto market. Coinbase has listed XRP futures contracts regulated by the CFTC, providing traders a compliant way to access XRP. RLUSD has been integrated into Aave’s V3 Ethereum Core Market, allowing users to supply and borrow the stablecoin.

Paul Atkins has been appointed as the 34th chairman of the US Securities and Exchange Commission (SEC), marking his return to the agency. He has expressed his commitment to supporting capital formation, protecting investors, and promoting fair and efficient markets. Atkins is expected to take a more favorable stance towards digital assets, with a focus…