The United Arab Emirates has raised concerns with the United States over a potential dollar shortage if the Middle East conflict drags on. It warns that it could turn to alternative currencies, such as the Chinese yuan, for oil transactions. At the same time, Iran is already moving in that direction. It accepts Bitcoin and
Bitcoin ($BTC), which surged on Friday following Iran’s reopening of the Strait of Hormuz, climbed above $78,000. However, this rise was short-lived. Bitcoin fell again as the US did not lift the blockade despite the opening of the Strait of Hormuz, and in response, Iran attacked a US merchant ship. Bitcoin, which had fallen as
DeFi is losing capital, after a month with two major exploits and general distrust in Web3 protocols. Some of the funds are redirected to still viable crypto use cases, especially RWA tokens. DeFi is shedding capital at an accelerating rate on a mix of technical and financial risks. The exploits of Drift Protocol and Kelp
Central bankers across the world have started raising serious concerns about the rapid rise of stablecoins. These digital assets, often tied to the US dollar, promise efficiency and speed. However, experts now warn that their influence could stretch far beyond convenience and innovation. They see potential disruptions forming quietly in the global financial system. Financial
Charles Schwab announced this week that it will begin selling Bitcoin and Ethereum directly to its 39 million brokerage clients. They will appear in the same account view as stocks, ETFs, and retirement funds, in the same app, under the same brand, one click from the S&P 500 index fund a customer bought for their
The average Web3 VC pitch sounds like ours did three years ago. “We have deep relationships across the ecosystem.” “We add value beyond capital.” “Our network is our edge.” It’s not that any of these statements is a lie; it’s that everyone says them, which makes them effectively meaningless. Liquidity providers (LPs) have heard this
Stablecoins, the $300 billion class of digital dollars, may have started as a faster way to move money across the globe, but companies are now asking a different question: what can they actually do with them? That shift is driving a new phase of adoption, according to Chunda McCain, co-founder of Paxos Labs, who says
With the S&P 500 pushing past 7,000 to fresh record highs, its chart is drawing striking comparisons to the Dot-com bubble era. Notably, the index closed Friday at 7,126, up 1.2% on the day and nearly 4% year-to-date. S&P 500 YTD price chart. Source: Google Finance Analysis shows the current trajectory closely resembling the early-2000s