Stablecoins pose a real risk to bank deposits both globally and in the United States, according to a new report by Standard Chartered analysts. The delay of the US CLARITY Act — a bill proposing to prohibit interest on stablecoin holdings — is a “reminder that stablecoins pose a risk to banks,” Geoff Kendrick, global
China may soon overtake the U.S. as the world’s largest Bitcoin holder. Even though the country has been following a nationwide crypto ban since 2021. Recent reports estimate China’s government holdings at around 194,000 BTC from the 2019 PlusToken seizure. This number puts it just 4,000 BTC short of the U.S.’s 198,000 BTC. Although some
AI-native neobanks are deploying hedge fund–style algorithms to actively manage user funds rather than just store them. Traditional neobanks still struggle with profitability and offer limited protection against inflation and currency volatility. Stablecoins are widely used as a hedge in volatile economies, but alone, they do not fully protect purchasing power. AI-native neobanks have started
The UK Financial Conduct Authority has launched the Mills Review to assess how emerging uses of artificial intelligence may transform retail financial services over the next decade. Led by FCA Executive Director Sheldon Mills, the initiative builds on the regulator’s ongoing AI programmes, including live testing through the AI Lab and its innovative Supercharged Sandbox.
The crypto market is keenly awaiting the Federal Reserve’s potential decision on interest rates after the FOMC meeting tomorrow. With inflation still high and the job market starting to cool, investors are watching to see whether the Fed will change its approach or keep rates unchanged. After easing policy in recent meetings, the central bank
President Donald Trump announced a 10% tariff increase on South Korean imports arriving in the U.S., including cars, lumber, and pharmaceutical products. Trump stated that the South Korean legislature has failed to act swiftly and confirm the bilateral trade agreement reached in November. Trump Raises Tariffs on South Korean Imports, Says Korea Is Not ‘Living
Asian equity markets brushed off US President Donald Trump’s latest tariff threats on Tuesday, with regional benchmarks hovering near record highs and South Korea staging a dramatic intraday reversal. The muted reaction suggests investors have grown desensitized to Trump’s trade rhetoric, viewing his threats as negotiating tactics rather than imminent policy shifts. Asia Learns to
A third of young Americans think prediction markets are the future. And they’re putting their money where their mouth is. New survey data from The New Consumer and Coefficient Capital reveals that 31% of Americans believe prediction markets will become a bigger, more important part of culture. But that number masks a generational split that’s
Tokyo-listed Bitcoin treasury company Metaplanet (TSE: 3350) revised its FY2025 full-year earnings forecast on January 26. The company revealed a ¥104.6 billion ($678 million) Bitcoin impairment loss while raising its operating profit guidance. The results offer a real-time stress test for the Digital Asset Treasury model, which faced intense skepticism throughout late 2025. Bitcoin Impairment
Federal Reserve Chair Jerome Powell will see his term end in May of this year. However, prediction market users are already placing their bets on who US President Donald Trump will pick as his replacement. Thought to be Kevin Hassett at one point, momentum has now shifted towards BlackRock Chief Investment Officer Rick Rieder. Markets