Hong Kong is moving forward with its stablecoin plans. The city is building a regulated system for digital currencies. Its new updates show that RMB stablecoins may also be allowed in the future. According to local reports, the Hong Kong Monetary Authority (HKMA) said stablecoin issuers can choose which currency to use. For now, the
The stablecoin sector added to its upward trajectory this week, with inflows reaching $1.367 billion since April 4. At present, the fiat-pegged token economy sits at an all-time high of $318.605 billion. Key Takeaways: The stablecoin market hit an all-time high of $318.6B, needing just $1.4B to reach $320B. $USDC gained $1.27B in seven days
During a recent interview, President Javier Milei stated that the largest obstacle to dollarization in Argentina was that people did not want it. He stressed that even when the government has approved the use of the dollar for financial transactions, people still do not use it. Key Takeaways: Javier Milei admits his dollarization push stalled;
The Federal Reserve is asking major US banks how exposed they are to the private credit market. The Treasury is asking insurance companies the same question. Neither has announced a formal investigation. They are doing it through routine examination channels, which is what regulators often do when they are worried but do not yet know
Shipping firms that turn to cryptocurrency to pay potential transit fees to Iran could face significant sanctions exposure, according to Kaitlin Martin, senior intelligence analyst at Chainalysis. Martin told Cointelegraph that under the current sanctions framework, any payments made to the Iranian regime, including those tied to passage through key waterways, could be interpreted as
CoreWeave, a publicly traded AI cloud infrastructure company, announced on Friday a “multi-year” agreement with AI developer Anthropic, which will use CoreWeave’s cloud computing data centers for its Claude AI model workloads. The agreement will be rolled out in phases, with the “potential to expand over time,” according to CoreWeave’s announcement. Shares of CoreWeave surged
Strive, Inc. points to a revival for $BTC treasury companies. Recently, the ASST common stock received a ‘buy’ rating from TD Cowen analyst Lance Vitanza. Strive, Inc. (Nasdaq:ASST), one of the leading $BTC treasury companies, is pointing to a revival of interest in treasury company stocks. Attention to Strive increased after the latest addition of
Bitget is launching a SpaceX-linked token sale through its new IPO Prime platform, offering users early exposure to a synthetic asset tied to SpaceX’s future public market performance. The product, called preSPAX, is being issued by Republic and will be available through a subscription sale on Bitget from April 18 to April 21, with OTC
US bond markets had a relatively calm week following the release of March inflation data, which came in below expectations. The limited increase in core inflation, despite energy prices being driven up by the war in Iran, provided short-term relief in the markets. The yield on the benchmark U.S. 10-year Treasury bond rose slightly to