Circle president Heath Tarbert told Congress on Sept. 2 that placing digital-dollar infrastructure under US rules could reinforce the network effects that support the currency’s global role. The testimony framed stablecoin and digital asset legislation as a tool of dollar statecraft. US rules can strengthen private dollar-token rails, while official reserve share remains a separate
Bitcoin is trading right below an important technical ceiling near $78,000, and according to experts, what happens next hinges on a level rather than a headline, though right now the two are colliding. Clear the EMA ribbon sitting at $78,000 and an analyst says the $100,000 comes into play. Slip to a weekly close below
Bitcoin trades near $77,381, and Glassnode says 68% of circulating supply now sits in profit at this level, up from 65% when $BTC traded here in May. That three-point gap works out to roughly 600,000 additional $BTC, an estimate worth about $47 billion at current prices, that could be sold for a gain before Bitcoin
Student loan real-world asset (RWA) protocol Pencil Finance completed a $1 million onchain student loan cycle, offering financing to thousands of students in Southeast Asia who were underserved by traditional lenders. Pencil said it completed its first fully onchain student loan cycle on the blockchain, where the platform deployed $1 million in capital as a
The safe-haven narrative is back in the spotlight. The obvious question is whether Bitcoin can eventually be integrated into this narrative. The setup looks interesting (new tensions between the U.S. and Iran) as oil prices regain $90/barrel and the market prices in a 60% probability of a rate hike at the upcoming FOMC. In other
As Bitcoin retreated to the $77,000 level after its recent surge, on-chain analyst Willy Woo suggested that Bitcoin’s traditional four-year market cycle could change in the future. At this point, Woo, who discussed Bitcoin’s traditional four-year market cycle, stated that this model may change in the coming period. Woo stated that Bitcoin could shift away
State Street has made headlines with the launch of its SPDR UC Investments 90/10 Endowment Strategy Index ETF, totaling a staggering $2.5 billion, the largest seed for an ETF to date. This significant milestone, reported by CryptoTwitter commentator @NateGeraci, highlights the growing interest in institutional investment products. The implications of such a large launch could
Those following markets have likely heard the standard line by now. It says rising government bond yields across the developed world are a headwind for bitcoin and crypto more broadly. Now the foreign exchange market is telling us that it’s time to abandon that read. The logic behind the original take is straightforward. When safe-haven
Something interesting is happening in financial markets today. The Japanese yen is rising across the board, yet bitcoin $BTC$77,877.45 and gold are trading higher as well, contrary to the conventional view that a strengthening yen is a risk-off signal. The reason seems rooted in the yen’s impact on the Dollar Index (DXY). The dollar-yen (USDJPY)