Bitcoin Eyes $70K as Stablecoin Inflows and China’s Stimulus Boost
Bitcoin has surpassed $65,000, boosted by China’s stimulus measures and stablecoin inflows. A recent report from 10x Research indicates that Bitcoin has emerged from its recent downtrend and is now aiming for the $70,000 mark again. The report credits this price surge to several factors, including an influx of stablecoin liquidity and a general recovery […]
XRP Whale Activity Rises With $23.3 Million Transfer
XRP whales became active after 40 million XRP ($23 million) moved from Bybit to a private wallet. XRP whales have stepped up their market actions following a significant transfer of 40 million XRP tokens, estimated to be worth around 23 million dollars, from Bybit to a private wallet. This substantial movement highlights an increasing trend […]
Ethena Labs Launches Stablecoin with BlackRock, Securitize
Following the announcement, Ethena labs token, ENA, surged by over 16%, with increased trading activity and open interest in futures. Ethena Labs announced on Thursday that it will create a stablecoin named UStb, with collateralization from BlackRock and Securitize. In addition to USDe, this will allow for a different fiat stablecoin product. Ethena Labs Announces […]
Web3 Music Streaming Pays Musicians in Stablecoins
Audius, a web3 music streaming platform allows artists to receive direct payments in stablecoin (USDC), giving them full control over pricing. Very few industries have been as forward-thinking as the music industry in investigating and adopting Web3 and culture-related technologies.The use cases for Web3 in the music industry are numerous and will only grow. These […]
SEC Charges TrustToken, TrueCoin over Stablecoin Fraud
The U.S. Securities and Exchange Commission charged securities violations to two cryptocurrency organizations associated with the TUSD stablecoin. TrueCoin and TrustToken settled the charges brought against them, which included allegations of unregistered offering and sales of investment contracts between November 2020 and April 2023. Through the creation of the decentralized finance lending platform TrueFi, TrustToken […]