The European Central Bank said increasing stablecoin use may pull money out of bank deposits and weaken the way monetary policy flows through to lending, according to a new ECB working paper. Growing adoption of stablecoins, which are digital assets often pegged to currencies such as the US dollar or euro, is expected to draw
JPMorgan Chase & Co., long known as a traditional financial powerhouse and sometimes crypto skeptic, is increasingly embracing stablecoins and blockchain-based money tokens. The executive says crypto companies that offer stablecoin rewards must face the same regulations as banks because they provide the same financial services. Dimon emphasizes that competition must follow the same rules when products
Stablecoin issuer Circle’s shares jumped another 15% Monday, extending gains to roughly 60% since last week’s fourth-quarter earnings release, as investors poured into stablecoin-linked equities while broader crypto markets held firm. The move follows the company’s announcement of 72% growth in its stablecoin $USDC to $75.3 billion and 77% revenue growth to $770 million, despite
Story Highlights Korean stock market crash erased $270 billion as KOSPI plunged 7.24% in one session. The crash followed a 13% oil price surge as fears grew that Iran could block the Strait of Hormuz. Despite this crash Bitcoin price has quickly recover hitting $70,000 before settling near $67K. Today, the Korean stock market crashed
Key takeaways The economy is influenced by five major forces, including debt, wealth gaps, and international conflicts. Government finances are similar to those of companies but with the unique ability to print money. The US government is projected to run a 40% deficit, highlighting fiscal challenges. A significant debt rollover challenge is looming for the
Leading stablecoin issuer Tether has secured a sign-off from Deloitte for the first reserve report tied to its new U.S.-regulated stablecoin, after years struggling in its relationships with major accounting firms. Deloitte reviewed a report prepared by Anchorage Digital Bank, which issued the company’s new USAT token. In a letter released Monday, the accounting firm
Bitfinex Securities said on Monday it will resume issuing tokenized bonds for Luxembourg-based securitization fund ALTERNATIVE, with future sales expected to exceed $10 million. The USDt-denominated bonds will be issued and settled on the Liquid Network, a Bitcoin sidechain, with fundraising, coupon payments and principal repayments executed fully onchain. The move follows four prior tokenized
Key takeaways Bitcoin’s narrative as digital gold remains significant and enduring. A declining dollar is expected to be bullish for Bitcoin in the medium term. The success of the Bitcoin ETF was driven by pent-up demand and improved investor access. Bitcoin and Ethereum are now considered established assets in asset allocation models. The launch of
PayPay Corp. and its majority owner, SoftBank Group Corp., are targeting up to $1.1 billion in a US IPO, positioning the deal as a potential record-setting American listing for a Japanese firm. The Tokyo-based fintech firm and an affiliate of SoftBank Vision Fund II are together selling 55 million ADRs at $17 to $20 each,
Palantir’s billionaire co-founder Peter Thiel on Monday filed with the SEC to offload 2 million shares in the data analytics firm for $280 million. Thiel helped establish the company in 2003 alongside Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings. He contributed $30 million in seed capital, drawing inspiration from fraud-detection systems he developed