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The $20.43 billion yield-bearing stablecoin sector slipped massively this week, according to stablewatch.io, as several synthetic and algorithmic stablecoins suffered heavy outflows and severe depegs. The turmoil centered around the yield-bearing stablecoins deUSD, XUSD, and USDX, all of which collapsed from their dollar pegs in a matter of days. Massive Outflows Hit Leading Yield-Bearing Tokens … Read more
Tokenized real-world assets (RWAs) rose to $35.81 billion onchain, up 5.90% in the last 30 days, according to metrics from rwa.xyz. BUIDL, USYC, and XAUT Dominate Tokenized Asset Board as RWA Holders Top 532K The RWA stack just keeps thickening — a buffet of private credit, tokenized Treasuries, commodities, and alternative funds getting plated up … Read more
The Central Bank of Brazil said the recent pause in using blockchain for drex, its central bank digital currency project, is temporary. The bank intends to continue using decentralized technology in the future, including issuing its own currency for tokenization-linked settlements. Central Bank of Brazil: Drex CBDC Project Still Alive The Facts The Central Bank … Read more
Traditional stablecoins like USDT and USDC have become essential for decentralized finance and cross-border transactions, but experts assert there is a growing need for privacy-focused stablecoins. Despite initial slower liquidity growth, experts believe that privacy stablecoins will soon become standard in the market. Institutional Demand Drives the Privacy Narrative Traditional stablecoins, such as USDT and … Read more
Binance founder Changpeng “CZ” Zhao said his upcoming memoir is nearly complete, revealing it includes details about his time in prison following his 2023 legal troubles. Binance Chief-Turned-Author Says His Memoir Pulls No Punches Changpeng Zhao, better known as CZ, said on Saturday that he’s wrapping up the final edits on his forthcoming memoir. “Spent … Read more
Despite supportive global liquidity and easing central banks, Wintermute’s Jasper De Maere says crypto has entered a self-funded phase—where money now circulates internally instead of expanding the market. ETF and DAT Growth Slow, Wintermute Warns of Internal Market Rotation According to Wintermute, the algorithmic trading firm and crypto market maker, inflows through stablecoins, exchange-traded funds … Read more
Short-seller James Chanos has closed his short position against Strategy after the firm’s premium over its bitcoin holdings shrank, validating his bearish thesis. James Chanos Takes Profit on Strategy Short After Price Compression James Chanos, founder of Kynikos Associates and one of Wall Street’s most recognizable skeptics, has long criticized Strategy for what he calls … Read more
The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long winning streak. Leading the cutback was Ethena’s USDe, which slipped 7.91%. To make matters spicier, two stablecoins also lost their dollar composure, wobbling off their $1 targets like rookies at a balancing act. Stablecoin Watch: … Read more
Banks are using their proxies, organizations like the Bank Policy Institute and Better Markets, to promote the approval or modification of current regulation to affect the level of involvement of crypto and stablecoins in U.S. retail and institutional markets. Banks Are Taking Action Against Existing and Upcoming Crypto Regulation The Facts Banks are now taking … Read more
A Spanish High Court judge has ordered cryptocurrency entrepreneur Álvaro Romillo Castillo into provisional detention without bail over allegations that he orchestrated a $300 million pyramid scheme. Political Connections and Arrest A Spanish High Court judge has ordered Álvaro Romillo Castillo, the cryptocurrency entrepreneur known as “Cryptospain” and “Luis Crypto,” into provisional detention without bail. … Read more