Major currencies typically move less sharply than stocks or cryptocurrencies, but shifts in monetary policy and investor confidence can trigger explosive moves. The U.S. Dollar Index (DXY), which measures the dollar against a basket of six major currencies, reached roughly 102.5 on Monday, its highest level in nearly 18 months. Having climbed from around 99
US spot Bitcoin exchange-traded funds (ETFs) recorded a third consecutive week of net inflows as Ether ETFs flipped back to net outflows. Bitcoin ETFs attracted $241.1 million last week, lifting cumulative net inflows to $57.8 billion, according to SoSoValue data. The funds added $2.4 billion and $6.2 million the two preceding weeks, with year-to-date net
US government debt is one of the easiest assets in the world to borrow against, which lets financial companies get cash without giving up their investments for good. Washington is rewriting the rules for that borrowing, and the result will reach crypto through the companies that keep Treasury securities behind their dollar tokens. The SEC
RWAFoundation has revealed a significant milestone in its quarterly report, indicating that its tokenized credit dataset now encompasses an onchain market cap of $6.2 billion. This revelation comes from a tweet by @tokenterminal, emphasizing the growing importance of tokenization in the financial landscape. As the market continues to evolve, this data could influence investment strategies
Base recently announced the launch of Cobalt, a new initiative that could significantly enhance user engagement within its ecosystem. This news surfaced through a tweet from the influencer @base, generating considerable interest among traders and crypto enthusiasts. As the market continues to evolve, Cobalt may play a crucial role in increasing network activity and participation.
The crypto industry has spent years building infrastructure for financial products and putting novel creations on top of those rails. Now comes the harder part: getting people to actually use these products. That question is becoming more pressing across the industry as crypto moves closer to mainstream finance. Asset managers have tokenized funds, exchanges are
India’s central bank has issued yet another warning on separating crypto from the underlying technology. It is a reminder of the RBI’s long-standing skepticism towards private digital assets. Still, it remains bullish on tokenization and distributed ledgers. “The approach of India remains cautious with regard to crypto, considering the ramifications it may have on monetary
Here’s a hypothetical scenario: you want to use $100 out of your bank account to buy newly issued stablecoins. The company issuing the stablecoins takes your dollars, puts them in its own bank account, and gives you a balance you can send around on a blockchain. You got the product you wanted, and somewhere in