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.
Crypto
Anchorage Digital Refines Stablecoin Strategy, Faces Industry Backlash
Anchorage Digital announces the cessation of USDC and AUSD support over security concerns, igniting disputes with industry executives.
Crypto
CoinDesk Weekly Recap: Dominance of Stablecoins in Current Market Trends
Positive momentum for stablecoins is evident across various markets, highlighting significant gains and developments.
Crypto
Understanding the Role of Stablecoins in Polymarket's Growth
Polymarket is gaining significant valuation, led by a surge in demand for stablecoins like USDC, which are vital for its transaction processing.
Crypto
Now Is Europe’s Opportunity for Stablecoins
With the U.S. dollar losing ground, EUR-pegged stablecoins are poised to challenge American counterparts by 2028.
Blockchain
World Liberty Financial Collaborates with Re7 to Launch USD1 Stablecoin Vault
The partnership between World Liberty Financial and Re7 Capital focuses on expanding a USD1 stablecoin within the DeFi ecosystem using Binance's BNB Chain.
Markets
Surge in Euro Stablecoins' Market Cap Approaches $500M as EUR/USD Matches Bitcoin's Gains
The total market capitalization of Euro-pegged stablecoins has increased by 44%, led by Circle's EURC, which has seen a 138% uptick.
Crypto
Asian Banks Embrace Stablecoins to Combat Deposit Flight
Asian financial institutions are increasingly adopting stablecoins to mitigate the impacts of deposit flight and streamline cross-border transactions.
Crypto
Key U.S. Senator Confirms Crypto Regulations Will Be Ready by September 30
Senator Tim Scott assures that new legislation to regulate U.S. crypto markets will be finalized by the end of September, amid mixed signals from lawmakers.
Crypto
FATF Report Highlights Illicit Activity Shift to Stablecoins
The Financial Action Task Force warns that the growing use of stablecoins may heighten risks associated with illicit financial activities.
Blockchain
Taurus Unveils Open-Source Privacy Technology for Stablecoins, Starting with USDC from Circle
Taurus launches a zero-knowledge proofs privacy layer for stablecoins, beginning with Circle's USDC.
Crypto
What’s Next for Tokenization: Insights and Expectations
Exploring the evolving landscape of tokenization in finance, highlighting stablecoins and future trends as industry leaders push for innovative financial solutions.
Crypto
Taurus Unveils Its First Privacy-Enhanced Stablecoin Contract
Taurus introduces a groundbreaking stablecoin contract focused on privacy, leveraging the Aztec Network for compliance and secure transactions.
Altcoins
Telcoin (TEL) Experiences 30% Surge Amid Hopes for Stablecoin Regulation in the U.S.
Telcoin has risen by 30% in two days, driven by positive regulatory news regarding stablecoins in the U.S. The approval of the GENIUS Act is expected to support further growth.
Blockchain
The Transformation of Financial Transactions into Streaming
The rise of stablecoins is primed to revolutionize the economy by enabling a streaming model for financial transactions, potentially unlocking trillions for new investments.
Crypto
The Emergence of Narrow Banking Through Stablecoins
Exploring the potential transformation of the financial landscape through stablecoins, as proposed by leading economists.
