Stablecoin Issuers Now 18th Largest Holder of U.S. Debt
Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington’s debt management grow.
Financial
Year
Financial
Crypto Markets Have Seen $12B of Net Inflows This Year, JPMorgan Says
Most of the $16 billion inflow into spot bitcoin ETFs since their launch likely came from existing digital wallets on exchanges, the report said.
Financial
Fed Holds Policy Steady, but Sees Just One Rate Cut This Year
The central bank took note of “modest” progress towards returning to 2% inflation.
Financial
U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year
Rep. Patrick McHenry – the chief GOP negotiator on crypto legislation – said future policy is now assured by a major bipartisan showing for his effort in the House of Representatives.
Financial
Robinhood Delivers Big Earnings Beat Driven by Booming Crypto Trading: Analysts
The positive momentum seen in the first quarter has continued, with the platform taking in a record $5 billion in deposits in April, the analysts said.
Financial
Stripe Brings Back Crypto Payments Via USDC Stablecoin
The payments firm stopped taking crypto payments in 2018 due to bitcoin’s high volatility.
Financial
Stablecoins, U.S. Government Debt More Important Than ETF Inflows, Crypto Analysts Says
Potential de-inversion of the U.S. Treasury yield curve could weigh over the crypto market, one observer said.
Financial
Bitcoin Bulls Pin Hopes on Weaker Dollar to Extend Rally
Some banks, however, foresee a continued dollar strength on the back of divergent interest rate expectations and the threat of U.S. tariffs.
Financial
Tether Will Freeze Wallets Evading Venezuelan Sanctions
Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.
Financial
Polymarket Traders See 32% Chance of No Fed Rate Cuts This Year
The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks.