Citing sources close to the banking lobby, Austin Campbell says financial institutions are spooked by stablecoins that pay interest. America’s powerful banking lobby is “panicking” over the potential of stablecoins to disrupt their traditional business model, particularly when it comes to yield-bearing stablecoins, according to Austin Campbell, a New York University professor and founder of...Continue Reading

Bitcoin is refusing to give up on its quest to revisit $108,000 and beyond, but concerns over a trend change are growing louder. Key points: Bitcoin and gold move higher in step amid jitters over Japan’s debt problem reach “boiling point.” $108,000 remains a keen target for Bitcoin bulls amid ongoing corporate buying. Read moreContinue Reading

Bitcoin has set a new all-time high just nine days after the US and China closed a 90-day trade agreement, easing economic uncertainty and market jitters. Bitcoin surged to a new all-time high after a temporary trade agreement between the United States and China eased macroeconomic fears and boosted investor confidence. Bitcoin (BTC) set a...Continue Reading

Big names, including Securitize, Ethena, Ant Digital and Tradeable, see custom-built Ethereum L2s as the future for trillions in RWAs. Shortly before Ethereums shock 50% price surge earlier this month, when bearishness about its roadmap was reaching its zenith, Real Vision founder Raoul Pal was asked on a podcast if he thought Ethereum was cooked....Continue Reading

Trugard and Webacy have launched a machine learning–powered AI tool to detect crypto wallet address poisoning, claiming a 97% success rate. Crypto cybersecurity firm Trugard and onchain trust protocol Webacy have developed an artificial intelligence-based system for detecting crypto wallet address poisoning. According to a May 21 announcement shared with Cointelegraph, the new tool is...Continue Reading

The GENIUS Act would legitimize stablecoins for institutional adoption and set a precedent for other global jurisdictions, according to the managing partner of DWF Labs. Stablecoin adoption among institutions could surge as the United States Senate prepares to debate a key piece of legislation aimed at regulating the sector. After failing to gain support from...Continue Reading

Hong Kong’s Legislative Council has passed the Stablecoin Bill, paving the way for licensed fiat-backed stablecoin issuers by year-end and positioning the region as a potential global Web3 hub. Hong Kong’s Legislative Council passed the Stablecoin Bill, paving the way for a regulated framework that could position the region as a global leader in digital...Continue Reading

Bold Technologies and My Aion unveiled plans to develop a $2.5 billion AI-powered platform that will debut in Abu Dhabi, United Arab Emirates. Abu Dhabi-based Bold Technologies, a subsidiary of conglomerate Bold Holdings, has partnered with international artificial intelligence company My Aion to launch a $2.5 billion smart-city initiative aimed at transforming urban infrastructure through...Continue Reading

Yield-bearing stablecoins have surged to $11 billion, driven by regulatory shifts and increasing user demand, with Pendle capturing 30% of that. Yield-bearing stablecoins have soared to $11 billion in circulation, representing 4.5% of the total stablecoin market, a steep climb from just $1.5 billion and a 1% market share at the start of 2024. One...Continue Reading

Bitcoin surged to within 1.5% of new all-time highs as bulls beat out final resistance. BTC price upside targets are calling for $116,000 and more. Key points: Bitcoin tags $108,000 for the first time since the day of its current all-time highs in January. Traders and analysts mention support extending toward $90,000, but the probability...Continue Reading