Domestic-currency stablecoins intended to curb reliance on dollar-backed tokens could instead make it easier for users to move funds into digital dollars, according to a senior International Monetary Fund (IMF) official. On Friday, IMF First Deputy Managing Director Dan Katz said that once local and dollar stablecoins operate on the same blockchain infrastructure, users can
A wave of law-firm alerts is warning BitGo investors about an Aug. 7 deadline. However, the cutoff applies only to those seeking to lead a proposed securities class action against the crypto custodian. Over the past few days, several law firms, including DJS Law Group, Faruqi & Faruqi, and Schall Brown & Schwartz, have issued
Global gold exchange-traded funds returned to net buying in July after investors withdrew money broadly during May and June. The funds attracted $3 billion globally, marking their strongest monthly intake since April and reversing the recent selling cycle. Their physical holdings increased by 23 tonnes in one month, while total assets under management rose 1%
Firmus, a former Bitcoin mining company that has repositioned itself as an AI infrastructure provider, has secured $2 billion in new equity funding, lifting its post-money valuation above $10.5 billion as it expands AI factory projects across Australia and the Asia-Pacific region. According to Firmus, the strategic equity round received full investment commitments from existing
World’s most popular game Grand Theft Auto VI (GTA 6) is now reaching the crypto market. A tokenized version of Take-Two Interactive (TTWO), the publisher behind GTA 6, has officially launched on the Solana blockchain. The move allows crypto investors to buy and trade the company’s stock directly through blockchain wallets. Tokenized Take Two Stock
E-commerce sellers often wait weeks to see cash from sales they have already made. Dow Protocol wants to close that gap with blockchain financing for e-commerce, and it just raised fresh capital to do it. The startup has completed a $10.5 million seed funding round to expand a financing model that advances working capital to
Circle says $USDC is the only one of the world’s ten largest stablecoins that currently complies with the European Union’s Markets in Crypto-Assets (MiCA) regulation. If accurate, the claim means the EU’s roughly 450 million residents no longer have regulated access to most major dollar-backed stablecoins, including Tether’s $USDT. The declaration comes as Europe fully