Major U.S. banks are weighing forming a potential consortium to issue a joint stablecoin to challenge the dominance of Tether and Circle’s stranglehold over the ballooning $245 billion stablecoin market. Wall Street Banks In Early Talks For Joint Stablecoin Venture According to a Wall Street Journal report, talks are ongoing between financial heavyweights, including JPMorgan … Read more
If you’re like me and enjoy a little competition, Wild.io’s latest weekend tournament is just the thing to liven up your slot sessions. Legendary gaming provider GameBeat now has its Blitz Tournament live at crypto-friendly casino Wild.io, offering a $1,000 prize pool and some seriously fun titles to spin. It’s all happening between May 23rd … Read more
Key takeaways: After briefly dropping to $160 from $184, Solana (SOL) is attempting to reclaim a position above its key resistance at $180 for a second consecutive week. With Bitcoin (BTC) hitting an all-time high, market speculators are banking on eventual capital rotation, which could pump major altcoins like SOL toward new highs. Solana shows … Read more
The bounty offer to recover stolen funds from Sui-based decentralized exchange (DEX) Cetus closely resembles a successful strategy used by a Solana project three years ago. It turns out that Cetus shares the same development team as Crema Finance, a Solana-based DeFi project that suffered a $9-million hack in 2022 but recovered most of the … Read more
PRESS RELEASE. The cryptocurrency space is shifting fast, and the landscape is never short of groundbreaking developments. While Solana ( SOL) has enjoyed explosive growth in the past, the cracks are starting to show. Solana’s lack of utility beyond meme coins is raising concerns among seasoned investors, and its trajectory seems increasingly uncertain. Meanwhile, an … Read more
Key Notes Texas House passes Senate Bill 21 to establish a Bitcoin reserve. Bill awaits Governor Abbott’s expected approval. Texas would become the second U.S.state to hold a Bitcoin treasury reserve. With the Texas House of Representatives passing groundbreaking legislation to establish a BitcoinBTC$96 61124h volatility:2.1%Market cap:$1.92 TVol. 24h:$29.09 B reserve, Texas is set to … Read more
America’s leading financial institutions are eyeing stablecoins, and a recent report reveals that multiple banks are quietly collaborating on ventures to debut crypto assets tethered to the U.S. dollar. WSJ: Stablecoin Bloc Forms Behind Closed Doors Should the Guiding and Establishing National Innovation for U.S. Stablecoins Act—aptly dubbed the GENIUS Act—clear the Senate and land … Read more
In this week’s episode of Byte-Sized Insight, on Decentralize with Cointelegraph, we break down a pivotal moment for US crypto legislation. In a 66–32 procedural vote on May 19, the US Senate advanced the GENIUS Act, a landmark bill aimed at establishing a comprehensive regulatory framework for stablecoins. Meanwhile, across the Capitol, Representative Tom Emmer … Read more
Bitcoin tagged a new record high, despite a decline in U.S stock and bond markets Experts believe BTC may become a risk-off, safe-haven asset amid U.S. fiscal debt Bitcoin [BTC] surged to a record high of $111.8k while traditional markets – U.S. bond and stock sectors – struggled with fiscal challenges. In fact, on 21 May, … Read more
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