The first regulated stablecoin tied to the international version of the Chinese yuan (CNH) meant for foreign exchange markets, and a South Korean won (KRW) stablecoin launched this week as the global stablecoin race heats up. Financial technology company AnchorX debuted its AxCNH yuan-pegged stablecoin on Wednesday at the Belt and Road Summit in Hong
US-based investment bank Jefferies, in its report prepared for large institutional investors, likened the development stage of the cryptocurrency market to the internet era in 1996. The bank argued that the sector still has ample room for growth. Analysts say an excessive focus on Bitcoin prices could overlook the disruptive potential of blockchain technology across
MicroStrategy (Strategy) founder Michael Saylor shared the company’s Bitcoin Tracker data again and drew attention with the statement, “Orange dots are going up and to the right.” Saylor’s statement was interpreted as a potential new buying signal, considering that, according to past experience, MicroStrategy usually announces new Bitcoin purchases the next day. The Company’s Average
One of the most controversial features of President Donald Trump’s second term is his relentless criticism of Federal Reserve (Fed) Chair Jerome Powell for maintaining elevated interest rates – a stance Trump argues is unnecessarily costly to the American economy. But this is more than just rhetoric. Trump is aggressively attempting to undermine the Fed’s
Stablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by EY-Parthenon. Conducted with 350 executives in June after the Senate passed the GENIUS Act, the survey found that 13% of firms already use stablecoins, mainly for cross-border payments. Among those
YZi Labs, the family office founded by Binance co-founder Changpeng “CZ” Zhao and Yi He, which was rebranded from Binance Labs, has expanded its position in Ethena Labs, the protocol behind USDe, which has become the third-largest U.S. dollar-denominated crypto asset with more than $13 billion in circulation. The investment comes as Ethena enters a
Long-end Treasury yields went up this week, even though the Fed cut interest rates. That move surprised the bond market. The 10-year Treasury yield, which had dipped below 4%, jumped to 4.145%. The 30-year yield, the one that matters for mortgages, rose to 4.76%, after hitting a weekly low of 4.604%. The Fed lowered its
Bitcoin traded at $115,733 on Sept. 21, 2025, with a market capitalization of $2.30 trillion and a 24-hour trading volume of $19.24 billion. The day’s price action remained confined within a narrow intraday range between $115,426 and $116,154, reflecting consolidation amid weakening momentum across multiple timeframes. Bitcoin From an intraday perspective, the 1-hour bitcoin chart
BitMEX co-founder Arthur Hayes argued that cryptocurrency markets will enter bullish mode again after the US Treasury Department increased the General Account (NGA) balance to $850 billion. Hayes, in a statement Friday, stated that the opening balance of the TGA has surpassed $807 billion, adding, “The TGA is almost complete, the target is $850 billion.
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. On Wall Street and Crypto Twitter, few names spark debate like Michael Saylor and his Bitcoin-hungry software company, Strategy. Gone are the days