Researchers at the Bank for International Settlements (BIS) found that dollar-backed stablecoins are creating a new form of “digital dollarization” that appears largely unaffected by capital controls, particularly in emerging markets. The new study suggests governments may have less ability to curb stablecoin adoption than traditional foreign-currency bank deposits. BIS researchers analyzed foreign-currency deposits and…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure References: DefiLlama Solana Alternative Stablecoin Supply Hits $4.81B As Liquidity Diversifies Solana’s alternative stablecoin supply has reached $4.81 billion, according to DeFiLlama data, showing that liquidity on the network is becoming less dependent on the two largest dollar tokens. The figure refers…
Analysts note that ETH’s jump in dominance has unfolded without a single obvious catalyst, making the recent rally harder to explain. Ethereum’s market dominance climbed back above 10% on Tuesday after weeks below that level, while the token outperformed every other top-10 cryptocurrency with an almost 9% gain in the last seven days. The move…
The UCITS ETF, CoinShares’ first in Europe, began trading on Deutsche Börse Xetra, tracking a rules-based index of publicly listed BTC miners. Source link
The reported progress on the CLARITY Act is perhaps the most surprising. July has historically been a positive month for bitcoin and this edition has not disappointed so far. The cryptocurrency began the month on the wrong foot, dipping below $58,000 for the first time in nearly two years, but it rebounded quickly in the…
Bitcoin (BTC) passed one-month highs on Tuesday as price action defied the odds to top $66,000. Key points: Bitcoin broke through resistance to hit $66,000 for the first time in more than a month. Traders see as much as 6% BTC price gains if further nearby upside targets are reached. Month-end derivatives positioning underscores crypto…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure References: CoinGlass XRP Open Interest Hits $2.6B As Derivatives Demand Climbs XRP futures open interest has climbed to $2.6 billion, according to CoinGlass data, giving traders another sign that derivatives demand around the token is heating up. The figure marks a 24-hour…
Cardano’s ADA is among the top performers in the past 24 hours. Bitcoin’s price rebounded quickly after the Monday morning dip below $64,000 and has gained over two grand since then, climbing to a monthly peak of over $66,000. The altcoin space has turned green as well. ETH is inching closer to $1,950, XRP is…
US spot Bitcoin ETFs recorded $227 million in inflows as BTC climbed above $65,000, extending their longest winning streak since early May. Source link
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure References: GlobeNewswire Anchorage Adds Native TRX Staking For Institutional Custody Clients Anchorage Digital has launched native TRX staking for institutional clients, giving investors a way to earn TRON network rewards directly from a regulated custody environment. The service allows institutions holding TRX…
