Perhaps factoring in the substantial escalation in the Middle East, bitcoin’s price tumbled on Monday from over $64,400 to a multi-day low of $61,800, where it finally found some support.
Most larger-cap alts are in the red once again today, with HYPE, ZEC, and XLM dropping by around 3%.
The Financial Conduct Authority finalized its UK crypto rulebook on June 30, setting the stage for the next phase of regulation and turning it into a race for firms seeking to maintain full market access when the regime begins in 2027. The shift is now operational, as the FCA says firms that want to carry…
Microsoft is not betting on crypto lightly. M12, Microsoft’s venture fund, led a $20 million investment in Space and Time back in 2022. Now that bet is paying off in a direction nobody saw coming. Space and Time just launched Dreamspace, a no-code AI app builder that lets anyone generate and deploy a fully functional…
Key Takeaways: The Office of the Comptroller of the Currency (OCC) has issued its final approval of a national trust bank founded by Circle. Circle can hold its stablecoins on the Federal Reserve’s books from now on. In the Federal Charter, the provision is added to the legal regulation of stablecoins, which puts the stablecoin…
Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/JPY is trading near a 40‑year high above 162.00 while Japanese Government Bonds are outperforming. Strong demand at the 20‑year auction and comments from Finance Minister Satsuki Katayama encouraging more domestic investment support JGBs. Haddad adds that Japan’s large net foreign asset position means even modest portfolio repatriation…
Bitcoin reserve ratio on Binance hits a record low as $43B in stablecoins sits idle against thin BTC supply, CryptoQuant data shows. What finally makes it move? The dollars are parked. Almost seven out of every ten stablecoins held on centralized exchanges now sit on Binance, and very little of that money is moving anywhere….
The combined market capitalization of major stablecoins fell from roughly $166 billion in March 2022 to $122 billion by September 2023, RWA.xyz data shows — a decline of over 26% as investors pulled money from the digital asset market. Tether’s USDT fell from $78 billion to $65 billion between March and November 2022. For USDC,…