Finance
Bank of England's Bailey Critiques U.S. Crypto Wave
Governor Andrew Bailey of the Bank of England cautions against adopting stablecoins, contrasting U.S. policies that promote cryptocurrency.
Crypto
XRP Rises Following Ripple's Partnership with BNY Mellon for New Stablecoin
Ripple has partnered with BNY Mellon to manage its upcoming stablecoin, leading to a surge in XRP's price.
Business
Ant Group, Backed by Alibaba's Founder, Set to Incorporate Circle's USDC on Their Blockchain
Ant Group is making strides to include Circle’s USDC stablecoin in its blockchain framework, as part of a larger strategy to facilitate diverse digital currencies and tokenized assets.
Business
Monad Acquires Portal Labs to Enhance Payments with Stablecoins
The Monad Foundation has bought Portal Labs to improve its blockchain payments strategy, with Raj Parekh leading the efforts towards stablecoin integration.
Finance
Bullish Partners with Solana for Stablecoin Development
Bullish has formed a partnership with the Solana Foundation to leverage Solana-based stablecoins for enhancing their trading operations and financial infrastructure.
Crypto
U.S. House Abandons Stablecoin Bill to Support Trump's Proposal from the Senate
As 'Crypto Week' approaches, the House is set to prioritize stablecoin legislation aligned with President Trump's agenda.
Crypto
Former ECB Official Calls for Euro Stablecoin Support to Retain Financial Influence
Lorenzo Bini Smaghi warns that Europe risks losing its financial power if it does not embrace euro-pegged stablecoins.
Crypto
JD.com and Ant Group Advocate for Yuan-Backed Stablecoins to Challenge Dollar Dominance
JD.com and Ant Group seek the central bank's permission to launch yuan-based stablecoins to counter the influence of U.S. dollar-linked digital currencies.
Economy
Bank of England's Andrew Bailey Warns of Stablecoin Adoption Risks
Andrew Bailey, the governor of the Bank of England, expresses concerns over the adoption of stablecoins potentially threatening financial stability.
Altcoins
Swiss AMINA Bank First to Offer Custody and Trading for Ripple’s RLUSD Stablecoin
Swiss cryptocurrency institution AMINA Bank has announced it will provide custody and trading services for Ripple's new RLUSD stablecoin, marking a significant step in the adoption of digital assets.
Crypto
JPMorgan Projects Stablecoin Market to Reach $500 Billion by 2028, Below Bullish Estimates
JPMorgan's analysts predict a more cautious outlook for the stablecoin market, anticipating growth to $500 billion by 2028, significantly less than some optimistic forecasts.
Crypto
Ripple Partners with OpenPayd to Develop a New Stablecoin Infrastructure Amid Bank Licensing Efforts
Ripple teams up with OpenPayd to create a stablecoin infrastructure as it seeks to obtain a national banking license.
Crypto
Coinbase Pushes for Greater Adoption of USDC in Payments and Financial Services
A recent report highlights how Coinbase is enhancing its infrastructure to promote the use of USDC across various sectors.
Crypto
Ivy Integrates Circle's USDC and EURC for Instant Payments
Ivy, a German payments startup, has enhanced its platform by incorporating Circle's USDC and EURC stablecoins, enabling instant transactions across Europe.
Crypto
Deutsche Bank's DWS and Partners to Launch First Regulated Euro Stablecoin
The joint venture named AllUnity will issue a MiCA-compliant euro stablecoin following regulatory approval.
Finance
Citi Initiates Coverage on Circle, Valuation Remains Stable with Buy Rating
Citi offers a bullish perspective on Circle's stock, highlighting a significant potential upside based on their analysis.
Crypto
JPMorgan Initiates Circle Coverage with Underweight Rating and $80 Target
JPMorgan's analysts have started coverage on Circle, the stablecoin issuer, assigning it an underweight rating and setting a target price of $80 as the market cap appears inflated post-IPO.
Blockchain
South Korea Suspends CBDC Initiatives as Stablecoins Rise
The South Korean government has halted its Central Bank Digital Currency (CBDC) pilot project amid increasing adoption of stablecoins, reflecting a significant shift in the nation's financial strategy.
Weekly Summary
Crypto Week in Review: Political Dynamics and Market Resilience
This week, the cryptocurrency market displayed resilience amid geopolitical tensions, with significant activity surrounding Bitcoin and regulatory developments in stablecoins. Political endorsements and corporate moves have also been noteworthy, influencing market trends and investor sentiments.
Weekly Summary
Weekly Digest: Cryptocurrency Market Recap and Geopolitical Impact
This week saw significant fluctuations in cryptocurrency prices influenced by geopolitical tensions and recent legal developments. Bitcoin's remarkable recovery brought it near $108,000, while significant altcoins displayed resilience amidst market turbulence.
