Circle has highlighted Asia-Pacific as the fastest-growing stablecoin market, reporting $2.4 trillion in on-chain activity between June 2024 and June 2025. Singapore and Hong Kong now rank as the second and third-largest stablecoin hubs after the US. Asia-Pacific Emerges as a Global Stablecoin Powerhouse At the Circle Forum in Singapore, Yam Ki Chan, Circle’s Asia-Pacific
As a result of the budget crisis not being overcome, the US government closed after a 7-year hiatus. This will be the first U.S. government shutdown in nearly seven years, since the five-week shutdown on December 22, 2018. This will be the 22nd government shutdown in U.S. history. Due to the impact of the lockdown,
Paxful announced it will cease all operations by November 1, 2025, citing the lasting impact of historic misconduct by former co-founders Ray Youssef and Artur Schaback and unsustainable costs from extensive compliance remediation. The company said the decision is strategic and driven by long-term sustainability concerns despite reporting financial stability and growth under new ownership
Donald Trump Jr. told a jam-packed conference room at Token 2049 in Singapore how the media’s unfair treatment of his family had spurred them to create alternative forms of channeling attention and engagement. Trump, the son of U.S. President Donald Trump and co-founder of World Liberty Financial, said that the crypto project resulted from the
J.P. Morgan Wealth Management’s head of investment strategy thinks the stock market has more room to grow. Elyse Ausenbaugh says in a new interview with CNBC that AI investment is a powerful tailwind. The investment strategist predicts the Federal Reserve’s easing and corporate profits will both play a role in equity prices going forward. “We
A new report on VC fundraising in the crypto space provides interesting conclusions. The sector is undergoing deep consolidation, with fewer projects receiving substantially more capital. Sectors like DeFi, AI, and blockchains are getting a lot of interest, whereas RWAs, DePIN, NFTs, and GameFi are falling by the wayside. Aligning with major players’ preferences may
OpenAI has overtaken SpaceX to become the world’s most valuable private company after a $6.6 billion employee share sale at a $500 billion valuation—the milestone underscoring the investor frenzy fueling the artificial-intelligence boom. According to a Bloomberg report, the secondary sale lets current and former staff who had held shares for at least two years
Chicago Fed President Austan Goolsbee commented on the effects of the government shutdown on the economy. Goolsbee stated that the shutdown would most directly impact federal employees by not receiving their salaries on time. He argued that without the release of economic data, the Fed would be “virtually blind” in its decision-making process. “Even if
Enterprise blockchain firm Ripple has allocated $1.3 million to fund a new Center for Digital Assets (CDA) within the engineering school of the University of California, Berkeley. Notably, the funding has been provided in Ripple’s own Ripple USD (RLUSD) stablecoin. Expanding partnership Ripple’s support for UC Berkeley is not new. The San Francisco-headquartered company has