Earlier today, the Solana Foundation tweeted about the advantages of using stablecoins as payment protocols for building AI tools or agents. This tweet underscores the growing importance of stablecoins in the evolving landscape of digital finance and technology, emphasizing their simplicity and efficiency in transactions. For more details, check their official tweet here. The Latest
The Office of the Comptroller of the Currency denied Wise’s application for a US national trust bank charter, the payments company said Friday, a rare public rejection from a regulator that has spent the past eight months approving trust charters for crypto and fintech firms. Wise shares fell as much as 10% on Nasdaq, where
Financial instruments backing institutional companies’ Bitcoin reserves may create selling pressure on certain dates. Matthew Sigel, head of digital asset research at VanEck, shared a list of how companies use their Bitcoin reserves. This list provides information on Bitcoin’s position in companies’ capital structures. Companies may be forced to sell Bitcoin to fulfill financial obligations
The World Foundation,the independent, nonprofit steward of the protocol, raised $52.5 million in a new funding round through a locked token sale to strategic investors to expand its digital verification infrastructure as artificial intelligence (AI) disrupts online ecosystems, the organization announced Friday. The capital injection, led by Pantera Capital alongside Bain Capital Crypto and Eightco
Bitcoin ($BTC) fell more than 1.6% on Friday as its latest price correction accelerated after Wall Street opened. Key points: Bitcoin price downside pressure mounts on the back of multiple macro headwinds. US bond yields further a hawkish pivot in Fed interest-rate expectations. $BTC price analysis sees a Binance “plunge protection team” attempting to shore
Cardano has emerged as one of the fastest-growing blockchains for real-world assets (RWAs), reinforcing its expanding role in the rapidly evolving tokenization sector. According to data shared by the RWA Foundation, citing Token Terminal, Cardano ranked as the fifth fastest-growing blockchain by RWA value over the past 30 days. During the period, the value of
ETF Demand Is Driving Bitcoin, but Price Faces a Supply Wall Bitcoin gained roughly 10% in July, rebounding from lows near $58,000 to around $63,955 by July 24. However, Bitfinex analysts believe 3.55 million $BTC acquired near $68,000 are blocking a sustained move above that level. The analysts framed the market’s recent advance around crypto-native
Though it left Elon Musk and other Tesla (NASDAQ: TSLA) stockholders poorer, TSLA shares’ latest plunge proved highly beneficial for one of the most prominent bears and contrarians in finance: the legendary ‘Big Short’ trader Michael Burry. Specifically, the famous short trader revealed on Tuesday, June 30, that he made a bet against the electric
Bitcoin price has slipped back toward $65,000 after spot ETF outflows, a major options expiry and rising oil prices stopped its rebound from extending beyond $66,800. According to data from crypto.news, Bitcoin ($BTC) price traded near $65,050 on July 24, down about 2.6% from its July 21 peak. Traders remained cautious as the pullback brought
Circle’s (@circle) X feed turned into a run of handshake emojis on July 23. One post announced a memorandum of understanding (MOU) with Kakao Group, signed alongside Kakao Pay and KakaoBank. Another confirmed a second agreement with Toss (@toss__official) and Toss Bank, sealed at a stablecoin roundtable at Toss headquarters a day earlier. Two deals,