Bank of Japan Deputy Governor addresses the importance of adapting to the ever-changing financial climate, particularly with the emergence of stablecoins in the global economy. Summary Bank of Japan Deputy Governor Ryozo Himino emphasized that stablecoins could play a vital role in the global payment system and may eventually partially replace traditional bank deposits. Japan’s
Asia’s stablecoin race is dividing between bank-backed domestic currencies and US dollar–pegged tokens as Japan, Singapore, and Hong Kong roll out new regulations shaping how crypto can operate alongside regional monetary policies. The rivalry is heating up, highlighted by Japan’s plan for a major bank consortium and China’s restrictions on Hong Kong initiatives. These moves
Coinbase (COIN) has acquired Echo, a startup focused on onchain capital formation, for approximately $375 million. Founded by a longtime crypto figure known by its Cobie pseudonym, Echo has helped projects raise over $200 million across roughly 300 deals since launch. The platform allows startups to raise funds directly from their communities, either privately or
Institutional Shareholder Services (ISS) on Monday told investors to vote against the $9 billion acquisition of Core Scientific by CoreWeave, saying the>Core Scientific investors exposed to CoreWeave’s price swings, a risk that’s already materialized. As the trading floor punished CoreWeave’s stock, the total offer value sank. Then Trip Miller, head of Gullane Capital in Memphis,
Long-term Bitcoin holders show strong conviction as selling pressure stays low around $111K. On-chain data supports a bullish structure, signaling a potential rally toward $150K. Bitcoin has once again shown interesting signs after a consolidation phase that has persisted for the past few weeks. Despite a slight drop to around $108,884, down 0.71% in the
The State of Wyoming has initiated a large-scale blockchain test involving 700,000 Frontier (FRNT) stablecoins, deploying 100,000 tokens each on seven major blockchains. Data from Dune Analytics researcher Marcov confirmed that the rollout took place on October 20 across Ethereum, Solana, Avalanche C-Chain, Arbitrum, Optimism, Base, and Polygon. This deployment marks the first major on-chain
In a recent social media post, prominent commodity trader Peter Brandt has suggested that the price of Bitcoin has already topped. However, even if that is the case, he believes that traders should not “whine” about an 8.2X advance. Bitcoin’s underwhelming year The leading cryptocurrency is up by a mere 15.6% this year despite the
Trade tensions between the US and China are seemingly on the rise. While they should be easing, they’re on the rise again. US President Donald Trump’s statements last night that a 157% tariff could be imposed on China halted the upward movement in Bitcoin. Bitcoin, which had pushed $112,000 before Trump’s statements, started to decline
Bitcoin continues to struggle during one of its historically strongest months, often referred to as “Uptober,” currently down more than 5% and trading below $108,000, as it approaches several critical support and resistance levels. The 200-day Simple Moving Average (200SMA), a key indicator that often separates bull and bear markets, now sits at $107,846 and
Bitcoin was trading below $108,000 at 9:20 a.m. UTC as $320 million in liquidations and spot crypto ETF outflows hit a market down 3.2%. BTC was trading at $107,779 during the European morning, 2.8% lower in the last 24 hours, according to CoinDesk data. Ether ETH$3,876.90 and solana SOL$185.15 have both fallen more than 3.5%,