Scale Isn’t Durability: Varun Datta On Why MiCA Could Create Europe’s Strongest Web3 Companies
While the crypto world fixates on geopolitical tensions and the latest political drama, a quiet crisis is brewing beneath the surface. The stablecoin market, the lifeblood of crypto liquidity, just shrank by $7.7 billion in June. This 2.4% contraction marks the largest monthly decline since the TerraUSD collapse in 2022. Why does this matter? Stablecoins…
Shibarium, which is Shiba Inu’s L2, saw a decline in activity over the last 24 hours. According to Shibariumscan explorer, the daily transaction count on the Shibarium blockchain fell from 5,170 recorded on July 10 to 1,280 on July 11, a 75% drop. After days running into weeks of flat network activity, the Shibarium transaction…
The yen is trading near its weakest level in four decades, and Japanese companies are moving crypto onto their balance sheets to escape it. SBI VC Trade on Tuesday said corporate demand for bitcoin and XRP is climbing as the currency’s slide pushes firms to diversify reserves beyond cash, with the exchange’s registered accounts passing…
Robinhood’s (HOOD) new blockchain has posted a strong debut, quickly emerging as one of the busiest networks for decentralized trading and reinforcing the broker’s strategy to expand tokenized financial products, Wall Street broker Bernstein said in a Monday research report. Since launching its mainnet on July 1, Robinhood Chain has generated $3.1 billion in decentralized…
Key Takeaways: Lawson to implement Japan’s first POS-integrated stablecoin payment trial with JPYC. The pilot begins at a convenience shop in Tokyo in early August using HashPort. The test might spur more widespread use of stablecoins for everyday transactions. Stablecoins are slowly beginning to transition from crypto trading and remittances to consumer spending. Japan’s Lawson,…
Jurrien Timmer, Fidelity’s director of global macro, says bitcoin is drifting toward the bottom edge of the model he has used to track it for years. That model is the power law, which plots bitcoin’s entire price history on a logarithmic chart bounded by three curves — an upper resistance line, a middle trendline, and…