A major shift is on the horizon for the financial world, according to a recent analysis from investment banking giant Goldman Sachs. They foresee remarkable USDC growth, projecting that this leading stablecoin could expand by a staggering 40% annually. This optimistic outlook highlights the transformative potential stablecoins hold for global financial infrastructure, moving beyond just
China is preparing to lift its long-standing crypto ban by legalizing yuan-pegged stablecoins before the end of August, according to Reuters. This would be the first time the country allows any form of stablecoin tied to its national currency. The decision is expected to be reviewed by the State Council, the highest administrative body in
According to reports, Russia’s first real estate transaction with digital rubles has been carried out in Moscow with a nod from the country’s monetary authority. The news comes two years after the launch of a pilot project for the digital currency, scheduled for full introduction in stages starting a year from now. Russian buys Moscow
James Wynn, dubbed one of the most aggressive leverage traders in the crypto industry, has dropped a bold opinion on the current market outlook. In a post on X, Wynn, a Hyperliquid whale, reinforced the accumulation and HODL mentality on the crypto market. James Wynn’s bold Ethereum leverage position Wynn, known for taking massive leveraged
Japan’s benchmark 10-year government bond (JGB) yield rose to a 17-year high, reflecting concerns that could spill over to bond markets across other developed economies and reduce demand for riskier assets such as cryptocurrencies and equities. The yield rose above 1.61%, the highest since 2008. The move follows a dismal auction of the 20-year JGB
Story Highlights Trump blames Powell for delaying Fed cuts, warning of a worsening housing crisis Markets see an 83% chance of rates dropping to 400–425 bps Bitcoin slips below $114K and retail sentiment turns sharply bearish President Trump is yet again targeting Federal Reserve Chair Jerome Powell, accusing him of stalling on rate cuts and
Tony Edward, the host of the Thinking Crypto podcast, pushes back on negative rumors surrounding the world’s largest stablecoin issuer, Tether. Yesterday, Edward slammed critics spreading FUD (fear, uncertainty, and doubt) about Tether, calling them paid actors, engagement farmers, and uninformed commentators. He defended Tether’s credibility by citing evidence of its ongoing expansion in the
The decline in Bitcoin (BTC) and altcoins, which began last week with US macro data and decreasing expectations for a Fed interest rate cut, continues as markets prepare for a possible hawkish stance from the Fed. As Bitcoin approaches a 6-week low, investors await the minutes of the Fed’s July meeting and Fed Chair Jerome