Miden is planning to introduce a privacy-focused stablecoin backed by Circle Internet’s $USDC at the same time as the zero-knowledge blockchain prepares to debut its mainnet Issued natively on Miden using Circle’s xReserve infrastructure, USDCx will be backed 1:1 by Circle’s stablecoin held in an xReserve smart contract, the company said in a press release
CryptoQuant CEO Ki Young Ju warned investors, pointing out that the recent surge in the Bitcoin market is not driven by strong spot demand. Spot Demand is Necessary for Bitcoin’s Rise! Ki Young Ju, in a post from his X account, stated that the Bitcoin market is currently largely driven by the futures market, while
Standard Chartered-led Anchorpoint Financial has started a limited rollout of HKDAP, its Hong Kong dollar-backed stablecoin, four months after securing one of the city’s first two issuer licences. The initial rollout will focus on institutional payments and settlement before adding more access channels and cross-border applications. HashKey Exchange and OSL Group joined as authorized distributors,
U.S. inflation in July was in line with expectations, leaving expectations for another Federal Reserve rate hike broadly unchanged. The Consumer Price Index (CPI) rose 0.1% in July from the previous month, compared with economists’ forecast for a 0.1% increase and June’s 0.4% decline. On a year-over-year basis, CPI rose 3.4%, in line with forecasts
Bitcoin price recovered above $64,000 on Aug. 12 after a leveraged-position flush drove $BTC into the $63,200 support zone ahead of key U.S. inflation data. Bitcoin price action today According to data from crypto.news, Bitcoin ($BTC) price was trading near $64,130 at the time of writing, up 0.83% on the daily candle after moving between
A group of cryptocurrency companies has urged frontier artificial intelligence (AI) labs to give Bitcoin developers early access to their most capable models. The letter, published by the Bitcoin Policy Institute (BPI) on Monday, said many digital asset defenders, including Bitcoin Core developers, lack access to lab cyber programs and can be blocked by guardrails
Bitcoin traded near $63,700 on Wednesday, Aug. 12, as most major cryptocurrencies edged higher ahead of the July U.S. inflation report. BTC was down about 0.6% over 24 hours at the time of writing, while Dogecoin and $BNB led gains among the largest assets. The subdued move follows another failed push above $65,000. Bitcoin briefly
Bitcoin perpetual futures trading volume on major exchanges Binance and Bybit has fallen to its lowest level since 2023, according to a recent report by crypto research firm K33 Research. The decline also extends to spot markets, where volume has dropped to levels not seen since February 2024. The data suggests a notable cooling in