Stable, developer of a new blockchain built around Tether’s USDT, said it raised $28 million in a seed round led by Bitfinex and Hack VC. Other backers include Franklin Templeton, Castle Island Ventures and KuCoin Ventures, alongside angel investors like Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson. The Stable blockchain, described as a
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market quickly recovered from the late Wednesday swoon triggered by Fed Chair Jerome Powell’s hawkish comments. Bitcoin BTC$118,455.81 bounced to $118,500 from $116,000, with ether (ETH), XRP XRP$3.1272 and other major altcoins following suit. The CoinDesk 80 Index traded over 2.5% higher on the
Leading cryptocurrency Bitcoin (BTC) is trading in a narrow range after its ATH of $123,000 in mid-July. Although economic data from the US has been positive in recent months, the Fed failed to make the expected interest rate cut in June and July, and hopes for a September rate cut have also diminished. Many crypto
Coinbase has taken aim at the United Kingdom’s financial system in a darkly satirical video, which comes as data reveals a steep rise in financial hardship across the country. Titled “Everything is fine,” the video uses a musical tone and lyrics to brag about the UK’s strong finance while showing grim scenes of inflation, poverty,
AllUnity, a joint venture between DWS, Galaxy and Flow Traders, has launched EURAU, a euro-denominated stablecoin approved under Germany’s new crypto regulations. EURAU is claimed to be the first euro-backed stablecoin to be issued under the EU’s Markets in Crypto-Assets Regulation (MiCAR) and licensed as electronic money by Germany’s BaFin. The token, issued on Ethereum
The global crypto market is bracing for impact after the Bank of Japan decided to hold interest rates steady, following a similar move by the US Federal Reserve. The BOJ held its benchmark interest rate at approximately 0.5% after a two-day meeting, mirroring the US Federal Reserve’s decision to keep rates steady for a fifth
In a significant development signaling the deepening integration of traditional finance with the burgeoning digital asset world, Kiwoom Securities, one of South Korea’s prominent brokerage firms, has officially thrown its hat into the ring of digital currencies. The company recently filed several trademark applications related to stablecoins, a move that could reshape the landscape of
Abu Dhabi-headquartered bitcoin miner Phoenix Group, listed on the ADX, reported strong financial and operational results for Q2 2025, highlighting the formalization of a digital asset treasury valued at over $150 million, making it the first ADX-listed company to do so. The treasury primarily consists of 514 BTC and over 630,000 SOL. The company generated
The financial world is abuzz, and at the heart of the conversation are stablecoins. Recently, Bank of Japan Governor Kazuo Ueda made headlines by suggesting that the growing use of stablecoins could significantly reshape how transactions occur outside the traditional banking system. This isn’t just a technical observation; it’s a profound statement about the future
This is a segment from The Breakdown newsletter. To read more editions, subscribe. “The continuous rise of the debt-to-GDP ratio indicates that current policy is unsustainable.” — Financial Report of the United States Government There once was a happy time when Fed chairs felt free to lecture politicians on their irresponsible spending habits. In 1990,