BIS Criticizes Stablecoins, Urges Tight Restrictions on Their Use as Money
The Bank for International Settlements (BIS) has issued a strong warning about stablecoins, asserting that they are not suitable substitutes for traditional forms of money. In a newly released report, the central banking institution argued that stablecoins, despite being pegged to national currencies, fail to deliver the fundamental qualities of sound money and should face […]
South Korean Banks to Launch Won-Pegged Stablecoin by 2026
South Korea’s banking sector is preparing for a major leap into digital finance, as eight of the country’s largest financial institutions plan to launch a won-pegged stablecoin by 2026. This development marks a significant shift in the adoption of blockchain-based financial products within the traditional banking system, setting the stage for a more regulated and […]
Bitcoin ETFs Record $588M Inflows in June, Extend 11-Day Winning Streak
Bitcoin exchange-traded funds (ETFs) have made headlines again after logging their largest monthly inflows for June, with a staggering $588 million pouring in. The surge comes alongside a strong 11-day streak of uninterrupted inflows, underscoring renewed investor confidence in digital assets despite recent market volatility. The 11-day inflow streak marks one of the longest positive […]
Mastercard and Chainlink Launch Seamless Card-to-Crypto Onchain Payments
Mastercard has announced a major partnership with Chainlink, aimed at enabling billions of cardholders worldwide to purchase cryptocurrencies directly onchain. This groundbreaking move marks a significant leap in bridging traditional payment systems with decentralized finance (DeFi), bringing crypto access closer to the mainstream than ever before. A Major Milestone in Crypto Adoption Through this collaboration, […]
Cathie Wood’s ARK Invest Begins Week With a Massive $110M Circle Stock Sale
Cathie Wood’s ARK Invest started the week with a massive sell-off of Circle Internet Financial shares, unloading $110 million worth of stock. The decision marks a continuation of ARK’s profit-taking strategy following Circle’s explosive debut on the New York Stock Exchange earlier this month. Strategic Exit Amid Soaring Valuation The sale, which took place on […]