Standard Chartered’s recent research warned that stablecoins could drain up to $1 trillion from emerging market (EM) banks over the next three years as savers flock to digital dollar assets. While that figure represents only around 2% of total deposits across the most vulnerable economies, the structural implications could be historic. Experts Weigh in on
The United States has finalized a $20 billion currency swap agreement with Argentina in one of the Trump administration’s most direct interventions to stabilize a foreign economy since he returned to the Oval Office. Treasury Secretary Scott Bessent announced the deal on Thursday after four days of close discussions in Buenos Aires. “The US Treasury
A report from The Guardian has detailed how Christopher Harborne, a shareholder in DigFinex, the parent company of Bitfinex and Tether, and a large donor to Boris Johnson, traveled with Johnson on a trip to Ukraine. This report was based on the “Boris Files,” a collection of files purportedly hacked from Johnson’s office and shared
Fed Governor Chris Waller has again expressed support for additional Fed rate cuts. However, he called for caution on the magnitude of the cuts due to mixed economic signals regarding inflation and the labor market. Meanwhile, the crypto market is currently pricing in an additional 25 basis points (bps) rate cuts at both the October
The organizers of the Nobel Peace Prize are investigating whether insiders used privileged information about this year’s winner to profit on crypto prediction market Polymarket, according to local reports. Roughly 11 hours before the closely watched award was given to Venezuelan resistance leader Maria Corina Machado this morning, the odds of her victory surged from
Global markets have experienced sharp fluctuations after US President Donald Trump threatened a “massive tariff increase” on products imported from China. Trump, in a post on Truth Social, stated that China was planning to impose export restrictions on rare earth elements and other critical manufacturing components, and that they could impose an “unprecedented tax increase”
Global banking giants are exploring joint stablecoin issuance, signaling a deeper integration between traditional finance and cryptocurrencies, Reuters reports. Accordingly, major global banks such as Santander, Bank of America, Barclays, BNP Paribas, Citi, Goldman Sachs and UBS are forming a consortium to issue a common stablecoin. “The banks said in a press release that they
Crypto prices plunged alongside stock market indices early Friday after President Donald Trump threatened to ratchet up tariffs on China. Bitcoin dove below $119,000 for the first time since October 2, and was recent trading for $119,028—down 1.7% on the day. But other leading cryptocurrencies saw sharper dips, with Ethereum and Solana both down almost
A new move has come from Russia, which continues to take important steps regarding the use of Bitcoin (BTC) and cryptocurrencies. Russia plans to conditionally allow banks to offer cryptocurrency services, according to local news agency Interfax. Speaking at the Finopolis 2025 forum, First Deputy Governor of the Central Bank of Russia Vladimir Chistyukhin said
A subsidiary of Dominari Holdings (DOMH), the investment firm with ties to President Donald Trump’s sons, Eric and Donald Jr., is teaming up with Bitcoin programmability project Hemi to progress its digital asset treasury and exchange-traded fund (ETF) plans. Broker-dealer Dominari Securities and Hemi, which is backed by veteran Bitcoin developer Jeff Garzik, teamed up