On Wednesday, the stablecoin market cracked into uncharted territory, vaulting past the $290 billion mark for the first time ever after padding its coffers with more than $4 billion in fresh capital over the past week. From USDT to RLUSD, Every Fiat-Pegged Token Joins the $290B Stablecoin Party Stablecoins are stealing the spotlight, complete with
The Fed’s interest rate decision, a crucial one for Bitcoin and altcoins, will be announced today. While it’s generally accepted that the Fed will cut interest rates, there’s speculation about whether it will implement a surprise 50 basis point cut. While the Fed’s interest rate decision is eagerly awaited, analysis firm QCP Capital said that
A peculiar but revealing market is getting serious traction on Myriad: Will Fed Chair Jerome Powell wear a purple tie during the September FOMC press conference? As of now, the crowd overwhelmingly believes yes. But it’s not just about fashion—this prediction market taps into deeper symbolism around the Fed’s public identity. According to a recent
MoneyGram, the ubiquitous send and receive cash network for retail customers, has made U.S. dollar-pegged stablecoins and blockchain settlement rails the digital backbone of its revamped mobile app, the company said on Wednesday. Customers in the Latin American country of Colombia, where MoneyGram has an extensive retail network of over 6,000 locations, will be the
U.S. stocks were largely flat at the open on Wednesday as Wall Street awaited the Federal Reserve’s decision on interest rates and as Nvidia stock slipped following reports that China had banned local companies from buying the chipmaker’s semiconductors. Summary Dow Jones Industrial Average, S&P 500 and Nasdaq were largely flat on Wednesday morning. Wall
Layer-1 network Mavryk said it raised $10 million in a strategic investment led by financial derivatives provider MultiBank Group to expand its real-world asset (RWA) tokenization plans. Mavryk Network and MultiBank have an existing partnership to tokenize over $10 billion worth of real estate in the United Arab Emirates through the latter’s RWA platform. The
All eyes around the world, including Bitcoin and global markets, are once again focused on the FED’s interest rate decision. Although a series of recently released macroeconomic data have kept inflation concerns alive in the US, it is considered certain that the Fed will cut its policy rate. At this point, a 25 basis point
Story Highlights Fed expected to cut rates 25bps today, marking 2025’s first policy easing step. Markets price six rate cuts by 2026, with SEP offering clarity on Fed’s outlook. Powell’s press conference could shift sentiment, balancing inflation risks against growth support promises. The U.S. Federal Reserve is set to make its first rate cut of
Get ready for a significant leap in digital finance! Standard Chartered, in collaboration with Qatar National Bank (QNB Group) and DMZ Finance, has just launched the very first tokenized money market fund (MMF) in the Dubai International Financial Centre (DIFC). This isn’t just another fund; it’s a groundbreaking move that could redefine how we think