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The first regulated stablecoin tied to the international version of the Chinese yuan (CNH) meant for foreign exchange markets, and a South Korean won (KRW) stablecoin launched this week as the global stablecoin race heats up.Financial technology company AnchorX debuted its AxCNH yuan-pegged stableco…
The traditional economy is being phased out in advanced countries that are transitioning to an internet-first economy dominated by the tech industry and digital platforms, according to Balaji Srinivasan, a former executive at crypto exchange Coinbase and the author of “The Network State.” “The legac…
Key takeaways:BNB faces short-term correction risks but maintains a strong bullish structure above the trendline.Breakout patterns and onchain optimism point to upside targets of $1,250–$1,565 by year-end.BNB has jumped over 10% this weekend, outpacing a largely stagnant crypto market that remained…
Opinion by: Kevin de Patoul, co-founder and CEO of KeyrockThere’s a certain déjà vu in crypto right now. Real-world assets (RWAs), tokenized funds and onchain treasuries are all buzzwords we’ve spoken about for years. In 2022, when hype far outpaced real adoption, a report by BCG projected that the …
A crypto investor who bought $226,000 worth of APX two years ago is now sitting on more than $7 million, thanks to APX’s explosive rally this week.According to data from Arkham Intelligence, wallet 0x9d22 accumulated 3.62 million APX tokens in 2022 through a series of swaps and transfers. At the tim…
Today in crypto, Nasdaq-listed Flora Growth will rebrand to ZeroStack after raising $401 million to support 0G, the Changpeng Zhao-backed YZi Labs grows stake in stablecoin issuer Ethena. Meanwhile, Bitcoin mining difficulty hits new all-time high.Cannabis firm Flora Growth launches $401M treasury b…
Crypto market participants may be underestimating how aggressive the US Federal Reserve will be in the coming months in shifting its policy direction, according to an economist.“Markets are underpricing the likelihood of rapid rate cuts in the coming months on the part of the Federal Reserve,” Econo…
Trading of the MYX token, the cryptocurrency of the MYX decentralized exchange (DEX), featured hallmarks of market manipulation, according to a report from AI infrastructure company Rena Labs and market intelligence company Insider.Cash.The report analyzed over 9,200 minute-by-minute data points bet…
Investors piled into the first Dogecoin and XRP exchange-traded funds in the US on their debut trading day, blasting through analysts’ trading volume expectations.Bloomberg ETF analyst Eric Balchunas said on X that most new ETFs see around $1 million in trading volume, but the new crypto funds were …
BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiar…
Entrepreneur and Web3 investor Carl Runefelt, who runs successful social media channels under the name Carl Moon, recently donated more than $400,000 in crypto to Kids Operating Room (KidsOR), a nonprofit dedicated to providing surgical care for children in underserved regions. Runefelt persuaded th…
Payments company American Express has launched blockchain-based stamps for customers as a digital keepsake of their travels.Each travel stamp will be stored as an ERC-721 non-fungible token on the Ethereum layer-2 Base to preserve their travel history and their favorite overseas memories, according …