West Texas Intermediate crude futures have surged to nearly $80 a barrel from $67 at the start of the month, stoking fresh concerns about inflation. Focus on CPI and Warsh testimony Investors will receive a fresh read on price pressures Tuesday when the Labor Department releases the June consumer-price index at 8:30 a.m. ET. Economists […]
Bolivia is considering adding Tether’s USDT stablecoin to its national payments system, marking another step in the country’s shift from banning crypto transactions to allowing regulated digital asset use. Economy Minister José Gabriel Espinoza said at a press conference on Monday that the government is evaluating whether USDT could circulate alongside the boliviano, the country’s […]
Signs of life?: State of Crypto
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But the 2026 midterm election is coming up quite soon — Nov. 3, so less than four months from now — and lawmakers will have to face their own base and flanks after they break for the summer recess and go into the final campaign swing. That means that U.S. President Donald Trump and the […]
The combined market capitalization of major stablecoins fell from roughly $166 billion in March 2022 to $122 billion by September 2023, RWA.xyz data shows — a decline of over 26% as investors pulled money from the digital asset market. Tether’s USDT fell from $78 billion to $65 billion between March and November 2022. For USDC, […]
Bonzo Lend, a decentralized lending protocol on the Hedera network, suffered an estimated $9.05 million loss after an attacker exploited a verification flaw in a third-party Supra oracle contract, allowing them to borrow assets far exceeding the value of their collateral. The attacker deposited 250 SAUCE tokens with little value, before submitting a manipulated price […]
Then-Prime Minister Rishi Sunak announced the UK’s ambitions to be a “global cryptoasset hub” all the way back in 2022. Since then, that goal has seemed more like a distant aspiration rather than actuality. But several recent announcements suggest the gap between fantasy and reality might finally be narrowing. Within days of each other, the […]
Veteran trader Peter Brandt anticipates a peak between $300,000 and $500,000. Bernstein analysts Gautam Chhugani and Mahika Sapra expect prices to hit $500,000 by 2029, citing booming demand for spot exchange-traded funds (ETFs). Reality check However, while the four-year cycles have consistently produced new all-time highs, each successive one has seen markedly lower multiples, compressed […]
A group of crypto and Web3 firms that includes OKX, MetaMask, Matter Labs and Genlayer have formed the “Internet Court” to reach dispute resolutions between AI agents. These days, AI agents negotiate and pay one another without humans in the loop, but as with human-to-human transactions, agent-to-agent transactions will run into contractual disagreements. The problem […]
At the last moment, New Hampshire has turned its back on a groundbreaking effort to establish what was expected to be the first rated, bitcoin-backed bond issued under a state’s authority, with a governmental body there canceling the project. Just a few months after Moody’s Ratings gave the bond a Ba2 rating, the New Hampshire […]
For Ethereum Institutional’s founders, becoming an independent nonprofit rather than remaining within the foundation was a deliberate choice. “The EF has always been quite vocal about its principle of subtraction,” Dawson said, referring to the organization diving up responsibilities for the network to other organizations . “This is an example of that increasing decentralization, and […]
Polymarket has started a campaign to persuade policymakers, regulators and potential users that it is trustworthy, the Associated Press reported on Wednesday. According to the AP, Polymarket is working with social media influencers to produce viral marketing on TikTok and other platforms and has signed partnership agreements with major sports teams and Major League Baseball […]
Tokenization specialist Dinari and broker-dealer tZERO are working together to offer broker-dealers a turnkey platform for tokenized U.S. equities, as competition intensifies over how public stocks should move onto blockchain networks. The companies said Wednesday they will combine Dinari’s tokenized stock platform with tZERO’s brokerage, custody, clearing and settlement infrastructure, allowing financial firms to launch […]