Bitcoin ETFs Records $470M Outflows With Interest Rate Cuts
The Federal Reserve’s rate cut led to a volatile day for US markets, with spot Bitcoin ETFs experiencing their largest day of outflows in two weeks. According to statistics from Farside Investors, US-listed spot Bitcoin exchange-traded funds (ETFs) lost $470 million on Wednesday as the price of the cryptocurrency briefly dropped to $108,000 before rising […]
T. Rowe Price Submits Filing for First Spot Shiba Inu ETF
T. Rowe Price has submitted an application to the U.S. SEC for the Shiba Inu ETF. This might be the first Spot product connected to the SHIB token if its approval is granted. The first U.S. Spot Shiba Inu ETF has been filed as an S-1 by T. Rowe Price, the $1.7 trillion investing behemoth. […]
Frax Expands Stablecoin Lineup with Korean Won-Pegged KRWQ on Base Network
Frax Finance, the team behind the algorithmic stablecoin Frax (FRAX) and the IQ ecosystem, has announced the launch of a new stablecoin pegged to the South Korean won (KRW). The digital asset, named KRWQ, is now live on Base, Coinbase’s Ethereum Layer-2 network , marking a new step in Frax’s ongoing mission to broaden its […]
Trump and Xi Seek Trade Calm in South Korea as Crypto Markets Begin to Recover
President Donald Trump and Chinese President Xi Jinping met in Busan, South Korea, this week in a high-stakes diplomatic effort to ease trade tensions that had sent shockwaves through global and crypto markets earlier in October. The meeting marks the first major face-to-face discussion between the two leaders since the renewed tariff disputes reignited fears […]
Coinbase Says Banks Misread Stablecoins’ Role in Global Finance
Coinbase has fired back at warnings from major banks that stablecoins could threaten traditional deposits and weaken the lending system, arguing that such fears “ignore reality.” The crypto exchange insists that stablecoins play a unique role in global finance that is being misunderstood by the banking sector. According to Coinbase’s chief policy officer, Faryar Shirzad, […]