Arthur Hayes warns that a joint stablecoin venture by major US banks could spell the end for Circle’s USDC dominance. The GENIUS Act opens the door for regulated bank-issued stablecoins, threatening crypto-native projects. A banking-backed stablecoin could shift stablecoins from decentralization to institutional control. Arthur Hayes, the co-founder of BitMEX and a long-standing voice in … Read more
It’s safe to say that the surge in stablecoin adoption has not gone unnoticed by the banks. Several of the largest banks in the US are reportedly in early talks to launch a joint stablecoin, aiming to challenge the popularity of crypto and digital payment solutions. “The conversations have so far involved companies co-owned by … Read more
Hyperliquid, a decentralized perpetuals exchange operating on its own layer-1 blockchain, has submitted formal comments on 24/7 derivatives trading to the United States Commodity Futures Trading Commission (CFTC). In a May 23 X post, Hyperliquid Labs announced that it has “submitted two comment letters to the [CFTC] in response to its recent Requests for Comment … Read more
In a significant development for the cryptocurrency sector, major Wall Street banks are planning to enter the stablecoin market. JPMorgan, Citigroup, Bank of America, and Wells Fargo are reportedly collaborating on a new stablecoin initiative, signaling a major shift in the industry landscape. This joint venture aims to introduce a novel competitor to existing stablecoin … Read more
Key Notes MOODENG price has climbed 700% in the past 15 days, reaching $0.32 with a 138% surge in daily trading volume to $830 million. Futures open interest for MOODENG and MEW has spiked significantly, with MOODENG up 45% to $300 million and MEW rising 125% to $72 million. Meme coins are reflecting greater strength … Read more
Decentralized finance (DeFi) platforms have a major cost advantage over traditional banks when it comes to onboarding new users, according to Anton Bukov, co-founder of decentralized exchange (DEX) 1inch. Speaking at a panel during Dutch Blockchain Week on May 22 in Amsterdam, Bukov said traditional banks spend between $100 and $300 per user to verify … Read more
Key points: Bitcoin buyer interest remains strong at all-time highs, contrasting with the first touch of $100,000 in 2024. The BTC price uptrend “may continue” as a result, CryptoQuant analysis concludes. Bitcoin short-term holders are firmly in the black in a further potential bull market boost. Bitcoin (BTC) buyers remain dominant on exchanges as all-time … Read more
In hours leading to the Trump crypto dinner, US Representative Maxine Waters has introduced a new bill aimed at restricting digital asset activities by top US officials. The bill, titled the “Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025” or the “Stop TRUMP in Crypto Act,” directly addresses concerns over political … Read more
Braza Group, one of the largest financial groups in Brazil, unveiled USDB, a dollar-pegged stablecoin issued on top of the XRP Ledger. Currently available to its institutional customers, the token will be available for regular customers through the group’s app starting in May. Braza Group Targets Growing Market With New XRP Ledger-Issued Dollar Stablecoin Stablecoins … Read more
Is Tether MiCA compliant? The EU’s new Markets in Crypto-Assets regulation, better known as MiCA, is the first major attempt by a global economic power to create clear, region-wide rules for the crypto space, and stablecoins are a big focus. MiCA mandates best practices. If a stablecoin is going to be traded in the EU, … Read more