Bitcoin’s gravity remains strong, but current flows reveal a market running low on optimism. In the past four hours, BlackRock’s IBIT has posted another record outflow of $113 million, extending its bruising six-week losing streak and amplifying anxiety among ETF investors. Meanwhile, the IMF... ... Read full 🟡😐 Market Analysis: 8-12-3
Key takeawaysUS banks are prioritizing tokenized versions of familiar products, including deposits, funds and custody, rather than launching new crypto-native assets.Most onchain bank activity is taking place in wholesale payments, settlement and infrastructure, largely out of public view.Regulators…
As Pakistan continues to deepen its involvement in the digital asset landscape, the country has signed a memorandum of understanding (MoU) with crypto exchange Binance, aiming to explore the tokenization of up to $2 billion in sovereign bonds, treasury bills, and commodity reserves to enhance liquid…
Norges Bank, the central bank of Norway, concluded that introducing a central bank digital currency (CBDC) is “not warranted at this time,” marking a clear signal that the country is reconsidering the urgency of retail and wholesale CBDCs.The central bank said Wednesday that Norway’s existing paymen…
Norway has officially decided that a central bank digital currency (CBDC) isn’t an immediate necessity, despite years of dedicated research and global momentum around digital currencies. In a fresh update, Norges Bank said the current payment system still works efficiently for consumers, banks, and …
Hua Xia Bank, a publicly traded financial institution linked to China’s government, issued 4.5 billion yuan ($600 million) in tokenized bonds on Wednesday, aiming to reduce clearing friction by removing intermediaries from the auction process.According to Sina, the onchain government bonds were issu…
Italy's banks support the European Central Bank's effort to introduce a 'digital euro' central bank digital currency (CBDC), a top official of the Italian Banking Association (ABI) said at a press seminar, according to a recent Reuters report. However, the banks want to spread out the upfront capita…
Pakistan is considering launching a rupee-backed stablecoin, as experts warn that delays in regulating digital assets could cost the country up to $25 billion in lost economic opportunities.Speaking at the Sustainable Development Policy Institute (SDPI) Conference on Friday, Pakistan Banks Associati…
Opinion by: Christos A. Makridis, associate research professor at Arizona State University and visiting fellow at the Heritage FoundationStablecoins received a real boost when US President Donald Trump signed the GENIUS Act earlier this year — and now European banks are trying to get into the act by…
Indian tax authorities are investigating more than 400 high-net-worth Binance traders suspected of evading India's relatively high crypto taxes while trading on the world's largest cryptocurrency exchange, according to a report from The Economic Times. The traders are suspected of evading taxes on t…
Uganda has launched a central bank digital currency (CBDC) pilot as part of a broader tokenization effort across the African nation, while its neighbor Kenya is on the verge of enacting a crypto regulation bill. Blockchain financial infrastructure company the Global Settlement Network (GSN) has part…
Strategic investment & partnership: DeFi Technologies has invested in and partnered with Canada Stablecorp to help scale QCAD, a Canadian dollar stablecoin rail. Other investors in Stablecorp include Coinbase Ventures, Circle Ventures, Side Door Ventures, and additional industry leaders. Can…
A group of major European banks has joined forces to launch a euro-pegged stablecoin in compliance with Europe’s Markets in Crypto-Assets (MiCA) framework.Dutch lender ING and Italy’s UniCredit are among nine banks participating in the development of a euro-denominated stablecoin, according to a joi…