On Wednesday, U.S. Treasury Secretary Scott Bessent said that stablecoins will solidify the U.S. dollar’s dominance globally as President Donald Trump urged Congress to fast-track landmark GENIUS legislation. “Stablecoins could reinforce dollar supremacy because stablecoins could end up being one of the largest buyers of U.S. Treasurys or T-bills,” Bessent said on X. “There’s a … Read more
A colossal breach exposing 16 billion login credentials ignites global cybersecurity fears as criminals gain unprecedented access to personal accounts, corporate systems, and government networks. 16 Billion Login Credentials Leaked: Global Systems Brace For Relentless Exploitation A staggering new breach has exposed billions of login credentials, serving as a stark warning to individuals and organizations … Read more
Lawmakers from the Texas House of Representatives and Senate are trying to get Tesla to postpone its robotaxi launch and have signed a letter of request to this effect. The letter, which was signed on Wednesday, June 18, requests that Tesla delay its robotaxi launch until September, when new autonomous driving regulations are scheduled to … Read more
Both centralized and decentralized stablecoins face risks that can ripple through the crypto ecosystem, according to the analytics firm. Stablecoins are the lubricant that keeps the crypto industry rolling, but they come with distinct risks, according to blockchain analytics firm Chainalysis. Broadly speaking, there are two types of stablecoins: centralized ones like Tether’s USDT and … Read more
LOS ANGELES, CA – OCTOBER 31: Jeanie Buss attends a basketball game between the Los Angeles Lakers … More and the Detroit Pistons at Staples Center on October 31, 2017 in Los Angeles, California. (Photo by Allen Berezovsky/Getty Images) Getty Images With the NBA due to crown its seventh different champion in seven years when … Read more
In brief OKX’s OKB surges 11.47% to $53.24 after burning 42.4M tokens (~$2.26B), creating supply shock. Fartcoin plunges 9.7% in classic “sell the news” reaction to Binance.US listing. Over $1B liquidated as Israel-Iran conflict pushes oil to $76, Bitcoin tests $103K support. The crypto market finds itself at a crossroads as geopolitical tensions rattle global … Read more
Cryptocurrency users are betting on the odds that US legislation to regulate payment stablecoins will move forward, following a crucial vote in the Senate and a public push from President Donald Trump to “get it to [his] desk.” As of Thursday, the online betting platform Polymarket shows an 89% chance of the Guiding and Establishing … Read more
Tokenized private credit has rapidly emerged as one of the largest segments within the real-world asset (RWA) tokenization market, with active outstanding loans reaching $13.88 billion—significantly exceeding the $7.38 billion in tokenized U.S. Treasuries. Tokenized Loans Hit $13.88B, Fueling Real-World Asset Growth This innovation converts traditional private credit assets—loans or debt instruments typically issued by … Read more
Global capitalization of fiat-backed stablecoins has climbed above $250 billion, the highest level on record, according to CoinDesk data published in mid-June Global capitalization of fiat-backed stablecoins has climbed above $250 billion, the highest level on record, according to CoinDesk data published in mid-June. Earlier in the month, analytics firm CryptoQuant pegged the figure at … Read more
As long as the Bitcoin dominance stays above the Bull Market Support Band, there will be no altcoin season, an analyst has suggested. Bitcoin’s price recently experienced a slight uptick, trading around $104,800 amid a modest increase of about 0.5%. This price movement followed a brief decline to $103,600, which was quickly reversed by bullish … Read more