Stablecoins can cross borders within seconds, but converting them into spendable local currency remains a slower and more fragmented process, Gravity Team CEO Mārtiņš Beņķītis told crypto.news as the firm launched its institutional OTC desk. Stablecoin payments depend on two types of liquidity Mārtiņš Beņķītis, co-founder and CEO of emerging-markets liquidity provider Gravity Team, told
CoreWeave CRWV shares fell nearly 3% in premarket trading Monday as technology stocks came under pressure from rising global bond yields. The 30-year US Treasury yield topped 5.3% last week, reaching levels not seen in nearly 20 years, while yields in Japan, France and Germany also climbed to multi-year highs. Despite the broader pressure on
Coinbase tokenized stocks are now live on Base, bringing shares of major US companies, including Apple and Nvidia, into the network’s DeFi ecosystem. The products are issued by Coinbase using Base’s B20 token standard and are backed one for one by underlying shares held with regulated custodian Alpaca. Holders have a direct beneficial claim on
Bitcoin surpassed the $80,000 level, reaching its highest price since May 15th, following strengthening buying in the cryptocurrency market. Binance data shows the $BTC/USDT pair exceeding the $80,000 mark during the day, and after the rise, Bitcoin is currently trading around $79,670. According to CoinMarketCap data, Bitcoin has gained approximately 3.2% in the last 24
The leading cryptocurrency, Bitcoin, has experienced a significant surge in recent days, climbing above $79,000. While the source of this rise and whether it will continue are a subject of speculation, an analytics firm has suggested that BTC may have entered a consolidation phase. According to Hong Kong-based Bitfire Research, Bitcoin has entered a period
Bitcoin broke above $78,000 after markets appeared to have absorbed the plans by the US Treasury to ramp up its buying of longer-dated government debt. The shift follows Treasury Secretary Scott Bessent’s assertion that he’d like to tap into the government’s huge $1 trillion cash cushion to help the bond-buyback program.
Bitcoin price gains can draw new buyers into crypto by lifting expectations for future returns, a Federal Reserve Bank of Cleveland experiment found. According to the report, participants shown Bitcoin’s previous 12-month performance became more bullish on crypto. They were about 2.5 percentage points more likely to own it in a later survey, researchers found.
A brand-new Polymarket cryptocurrency wallet made a large-scale bet early on August 24 that the highly anticipated CLARITY Act will not pass before the end of 2026. Specifically, the user known as VelvetNova27 bet $818,130 that the legislation will not arrive in the U.S. before December 31. The position was established just before 3 AM
The U.S. Treasury Department is reportedly considering deploying up to $1 trillion from its Treasury General Account (TGA) to finance bond purchases, a move that could inject significant liquidity into financial markets. According to a CNBC report citing unnamed sources, Treasury Secretary Scott Bessent may authorize the drawdown, which would involve using the government’s cash