Key Points: Stablecoin ordinance passed in Hong Kong; effective in August. Enhances global stablecoin market regulations. Encourages issuance variety; boosts market competitiveness. Hong Kong’s Financial Secretary, Paul Chan Mo-po, announced that the city’s new Stablecoin Ordinance will take effect on August 1, marking a pivotal regulatory move in digital asset management. The ordinance positions Hong … Read more
According to a report by Chainalysis and AUSTRAC, cryptocurrency rails for remittances are booming in Latam. This use case, which previously struggled to gain momentum, is currently experiencing significant growth, with volumes increasing by over 40% in 2024 and the potential for further growth as stablecoins go mainstream. Cryptocurrency Remittances Grow 40% in Latam With … Read more
Altcoin Analysis Crypto analyst Rekt Capital reports that Aptos (APT) remains stuck below a key macro resistance level at $5.44, the lower boundary of its long-term range. APT has repeatedly wicked into this level for the past 2.5 months, turning what was once support into a firm ceiling on the monthly chart. Reclaiming this range … Read more
With the crypto market sitting in a neutral phase, many traders are seizing the opportunity to optimize their strategies by focusing on exchanges that combine low fees, fast execution, and wide asset selection. Some platforms are now catering specifically to crypto whales, advanced traders, and even beginners who want to avoid excessive trading costs while … Read more
The Boeing 787-9 civil jet airplane of Vietnam Airlines performs its flight display at the 51st Paris International Airshow in Le Bourget near Paris, France. (Photo by: aviation-images.com/Universal Images Group via Getty Images) aviation-images.com | Universal Images Group | Getty Images Kelly Ortberg’s first Paris Air Show as Boeing CEO was set to be relatively … Read more
Key Points: Bitcoin diverges from traditional macro indicators. Potential repositioning as a resilient value store. Increased institutional interest amidst economic shifts. Bitcoin maintains an uptrend, diverging from traditional macro indicators like U.S. Treasury yields and DXY, notes CryptoQuant analyst Darkfost. This occurs as macro factors increasingly dominate crypto narratives. Bitcoin’s anomaly underscores its potential repositioning … Read more
Sixteen years after Bitcoin’s launch, stablecoins are emerging as the key force in crypto’s mainstream adoption, particularly for payments and financial operations, said Coinbase in a research report on June 10. It noted that there was a soaring interest from companies, with 81% of crypto-aware small and medium businesses (SMBs) expressing interest in using stablecoins. … Read more
Stablecoins are poised to revolutionize the global financial system, marking a transformative “iPhone moment” in digital currency adoption, according to Circle CEO Jeremy Allaire. These cryptocurrencies, pegged to stable assets like the US dollar, offer a promising solution to volatility issues, potentially streamlining payments and enhancing financial inclusivity worldwide. Jeremy Allaire highlighted in a recent … Read more
Roxom Global CEO Borja Martel Seward has warned that when the bull market eventually ends, it could trigger a bearish phase, potentially causing some bitcoin treasury companies to struggle. Bull Market to Persist for Months As global macroeconomic uncertainties continue to ripple through traditional financial markets, the bitcoin landscape is charting its own course, presenting … Read more
Maker posted a sharp 17% rally, driven largely by long interest in the Futures market. The key question is whether MKR can hold above $2,000 and push toward $2,400. Maker [MKR] posted a sharp 17% gain over the past 24 hours, emerging as one of the top market performers. Futures traders drove the surge, while … Read more