Stablecoins such as $USDT and $USDC could make cross-border payments faster and cheaper by reducing some of the friction built into traditional international transfers, according to the International Monetary Fund. However, the IMF has not conducted a definitive fee comparison showing that stablecoins are always cheaper than bank payments. Instead, it says stablecoins have the
CME Group has pulled back the curtain on a new set of benchmarks designed to give Wall Street a clearer read on the crypto market as a whole, rather than just tracking Bitcoin or Ether in isolation. The exchange operator and its index partner, CF Benchmarks, rolled out two multi-asset crypto indices on August 31,
MSX, a real-world asset (RWA) platform, has launched its third pre-IPO investment offering, giving eligible users access to tokenized shares of Neuralink and Anduril. The subscription window runs from Aug. 31 to Sept. 6, with allocations tied to assets held on the platform. Offering Details and Valuation According to MSX, Neuralink is offered at a
Polygon has announced that nearly every dollar on-ramped to its platform through Mercuryo is now arriving as a stablecoin. This significant shift reflects the evolving nature of on-chain financial transactions and indicates a growing preference for stability in the volatile crypto market. The implications of this trend could reshape how users engage with the Polygon
Cathie Wood’s ARK Invest bought nearly $53 million of Nvidia stock after the AI chipmaker pulled back from its explosive post-earnings rally, while simultaneously selling tens of millions of dollars worth of rival Advanced Micro Devices shares. ARK acquired 243,707 Nvidia shares on Friday, Aug. 28, worth about $53 million based on NVDA’s $217.55 closing
Prominent quantitative trader KillaXBT has issued a bold prediction, stating that Bitcoin will reach a new all-time high next year. In a recent post to his 223,000 followers on X, he argued that the biggest mistake investors could make right now is staying on the sidelines instead of buying. KillaXBT’s Bullish Outlook on Bitcoin KillaXBT,
Binance founder Changpeng Zhao, widely known as CZ, has publicly revised his previous skepticism about real-world asset (RWA) tokenization, signaling a more optimistic outlook for the sector. Speaking at the EASY Residency program, an incubation initiative hosted by YZi Labs (formerly Binance Labs), Zhao highlighted growing demand for tokenized assets, ranging from U.S. Treasuries to
The NYSE-listed closed-end fund C1 Fund (NYSE: CFND) has added decentralized prediction market platform Polymarket to its investment portfolio, bringing its total number of cryptocurrency-related holdings to 11 as of the second quarter. The fund, which focuses on private and public digital asset companies, disclosed the addition in its latest regulatory filing, expanding from seven
Bitcoin is on track to log its best August performance since 2017, demonstrating remarkable resilience against back-to-back macro shocks as escalating US-Iran hostilities and a hawkish pivot from the Federal Reserve test the durability of the digital-asset rebound. Data from CryptoSlate shows that the largest cryptocurrency is trading near $78,400 as of press time, bringing
HKDAP could move the Hong Kong dollar beyond payments and into cross-border settlement, corporate treasury management and tokenized finance as regulated stablecoins gain a role in Hong Kong’s on-chain financial system, according to a HashKey researcher. HashKey senior researcher Tim Sun told crypto.news that the future role of Hong Kong dollar stablecoins, including HKDAP, could