Researchers at the Bank for International Settlements (BIS) found that dollar-backed stablecoins are creating a new form of “digital dollarization” that appears largely unaffected by capital controls, particularly in emerging markets. The new study suggests governments may have less ability to curb stablecoin adoption than traditional foreign-currency bank deposits. BIS researchers analyzed foreign-currency deposits and
Bitcoin [$BTC] surged past the $66,000 mark for the first time since the 17th of June. The move tracks a broader market recovery playing out across altcoins, with the total crypto market capitalization crossing $2.25 trillion on the back of the rally. Yet the data shows Bitcoin may still be undervalued at its current price,
Bitcoin ($BTC) built on gains at Tuesday’s Wall Street open as crypto echoed resilient US stock markets. Key points: $BTC price action approached $67,000 despite new geopolitical and macroeconomic pressures. Neither the US-Iran war nor proposed international trade tariffs were able to disrupt risk-asset upside. Bitcoin needed a reclaim of its 21-week simple moving average
Lawrence Lepard, founder and portfolio manager at Equity Management Associates, assessed the recent declines in the cryptocurrency market, the MicroStrategy controversy, and global monetary policies. Lepard attributed Bitcoin’s drop to the $58,000 level to an exaggeration of market fears (FUD), recalling past lows of $4,000 and $15,000. The renowned investor stated that investors’ anxiety during
Allen Konevsky, Chairman and Chief Executive of tZERO Group, one of only two firms to hold a special purpose broker-dealer licence from the US Securities and Exchange Commission, has said he has a long-term bias toward tokens that function as infrastructure ingredients rather than stores of value, singling out $XRP and Ether as assets better
While the leading cryptocurrency Bitcoin has climbed above $66,000 with the upward momentum it has gained in recent days, the picture also looks positive for altcoins. However, Santiment warns against the rise in the short term for $BTC and some major altcoins. In this context, the cryptocurrency analysis platform Santiment examined MVRV ratios. As recovery
Cordant, a company building financial infrastructure for stablecoins and digital assets, has raised $8 million in a seed funding round. The investment was led by a consortium of venture capital firms, including BanklessVC, FJ Labs, SignalFire, Kuona, NextStage, Celer Ventures, FlatironX, Nascent Ventures, SilverCircle Ventures, and Generative Ventures. What Cordant Does Cordant develops backend technology
Augustus, a startup building a federally chartered clearing bank for fintechs and financial institutions, said it raised $180 million to expand its dollar payment infrastructure as stablecoins reshape global finance. The fundraising valued the company at $1 billion, with Tiger Global leading the round and investors such as Hummingbird, QED and the founders of Nubank,
Bitcoin reclaimed the high-timeframe range at $66K. $BTC repeats the setup seen before the 2015, 2019, and 2022 rallies. As of July 21, the Bitcoin ($BTC) price is trading at $66,286, breaking above and reclaiming the high-timeframe support range at $66K. It was a level the market has been watching for weeks. Moreover, last month,
When the Open Standard alliance unveiled its Open USD stablecoin, backed by more than 140 institutions including Visa, Mastercard, Stripe, Coinbase, and BlackRock, the market didn’t celebrate — it went straight for Circle’s jugular. Shares in Circle fell between 15% and 18% at one point following the announcement, a reaction that tells you everything about