Stablecoins have seen substantial growth since President Donald Trump signed the “GENIUS Act,” a stablecoin regulatory bill, into law on June 17. Coins tracked by DefiLlama have seen their collective market capitalization increase from approximately $251 billion to approximately $268 billion. This growth has had both winners and losers, with some stablecoins that have deeper
Wall Street opened higher on Tuesday as stocks looked to extend the positive start to the week, with earnings in focus as investors continued to monitor the macroeconomic environment. Summary S&P 500 and Nasdaq opened a little changed, while Dow Jones Industrial Average added 90 points as stocks looked to bounce higher. Earnings, tariffs and
The digital asset landscape in Asia is buzzing with significant developments. A major player is making waves, with Chinese e-commerce giant JD.com signaling its serious intent in the cryptocurrency space. Specifically, JD Chain, the blockchain arm of JD.com, is actively preparing for a Hong Kong stablecoin license application. This strategic move could reshape the future
A modestly hot name since obtaining a U.S. listing on the Nasdaq a few months back, Galaxy Digital (GLXY) is seeing some selling after posting second quarter earnings on Tuesday morning. Global Markets revenue rose 28% quarter-over-quarter to $55.4 million despite a 22% decline in trading volumes, as Galaxy outperformed broader market trends, said brokerage
Story Highlights Cryptocurrency surges to 88% reacging to record-breaking $5.36 billion in July. AI played a crucial role in boosting the growth as multiple companies increased their crypto treasuries. Bitcoin reached a new all-time high of $122,000, while Ethereum surged by almost 49%. Over the past month, cryptocurrency and AI have seen a significant surge.
BounceBit, a crypto infrastructure provider that combines features of centralized and decentralized finance (CeDeFi), is bringing Franklin Templeton’s tokenized money market fund into its structured yield platform BB Prime, combining U.S. Treasury yields with crypto funding and basis arbitrage strategies. The tokenized fund, which belongs to the suite of BENJI products, will serve as a
Tensions continue between US President Donald Trump and Fed Chairman Jerome Powell over interest rates. While Powell prefers to act cautiously regarding interest rate cuts due to tariffs, Trump argues that inflation is in good shape and that interest rate cuts should begin. At this point, Trump, who has frequently called for Powell’s resignation, has
Popular centralized exchange Coinbase announced on Tuesday its intention to raise $2 billion via convertible senior notes in a private offering. The funds will be used for “general corporate purposes,” which it says may include “acquisitions of other companies, products, or technologies.” The company’s publicly traded stock closed on Monday at $314.69, per Trading View,
By Omkar Godbole (All times ET unless indicated otherwise) While bitcoin BTC$114,853.11 and ether (ETH) prices have recouped a significant portion of last week’s losses, hinting at a “buy the dip” resurgence, the latest ETF flows paint a different picture. On Monday, the nine spot ether ETFs recorded total net outflows of $465 million —
The cryptocurrency world recently witnessed an astounding milestone: monthly on-chain stablecoin volume hitting an unprecedented record of $1.5 trillion in July. This remarkable surge, reported by Sentora (formerly IntoTheBlock), marks the first time in history that digital asset transactions involving stablecoins have reached such a monumental figure. It highlights the growing reliance on these digital