Crypto has become the most-muted topic on X since the platform launched its snooze feature, with AI-generated spam and InfoFi posting likely driving users to tune it out. Crypto has topped the list of most-muted topics on X since the platform rolled out its snooze feature, with spam and artificial intelligence content, or “AI slop,”...Continue Reading
A draft vision for Australia’s domestic payments system says stablecoins and tokenized fiat currency could reshape how money moves across future rails. Australia’s future account-to-account (A2A) payment systems may need to adapt if tokenized forms of money gain broader use, including stablecoins and tokenized liabilities, according to a draft vision for the country’s domestic payment...Continue Reading
Bitcoin price action remained weak as the US-Iran war delivered a Fed meeting that was the “most hawkish in years” and oil neared four-year highs. Bitcoin (BTC) failed to recover new support on Thursday as oil hit its highest levels in nearly four years. Key points: Data from TradingView showed BTC/USD circling $76,000, down around...Continue Reading
The latest stablecoin move comes years after Meta first dipped its toes into stablecoins through Libra in 2019, before scrapping the plans in 2022 due to regulatory pushback. US tech giant Meta has launched USDC payouts for creators on its platforms in the Philippines and Colombia, with plans to expand to additional markets. Creators who...Continue Reading
Republican Senator Thom Tillis says the Senate’s version of the CLARITY Act has “made a lot of progress,” and it was time for lawmakers to vote on advancing the bill. US Senator Thom Tillis says he will push the Senate Banking Committee to advance the stalled crypto market structure bill, as the text of the...Continue Reading
Tether proposed that Elektron founder and CEO Raphael Zagury serve as president of the proposed merged company, while Strike’s Jack Mallers would also serve in an executive role. Shares in the Bitcoin-buying company Twenty One Capital climbed in after-hours trading on Wednesday after its majority shareholder, Tether, proposed a three-way merger with two other crypto...Continue Reading
The proposal to unlock more than 62 billion WLFI tokens over four to five years has 99.95% approval but is still facing backlash on X. The native token of Trump-family-linked World Liberty Financial dropped nearly 14% on Wednesday as a controversial governance proposal that would place over 62 billion WLFI tokens under new multiyear vesting...Continue Reading
In another police action, European police arrested ten people and took down three scam centers, estimated to have stolen over $58 million from victims around the world. A Dubai police-led international crackdown on scam rings last week resulted in the arrest of 276 individuals and the shutdown of at least nine crypto scam centers, the...Continue Reading
Bitcoin derivatives highlight traders’ nervous view as the Federal Reserve holds interest rates and BTC struggles to trade above its range highs. Are the bears back? Key takeaways: Bitcoin (BTC) faced rejection at $77,800 on Wednesday, then retested the $76,000 level. This movement followed a correction in the S&P 500 Index as the war in...Continue Reading
Bitcoin dropped under $75,000 after FOMC minutes showed the US Federal Reserve holding interest rates and expressing slight concerns over inflation and the war in Iran. Bitcoin (BTC) extended its two-day decline on Wednesday after the Federal Open Market Committee (FOMC) minutes confirmed the Fed’s decision to hold “the target range for the federal funds...Continue Reading
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