Kevin Warsh formally assumed the role of Federal Reserve Chair, taking the oath of office and receiving unanimous backing from the Federal Open Market Committee.
Warsh steps into the position as inflation remains elevated and the FOMC faces internal...
BitcoinWorld
FDIC tightens compliance rules for stablecoin issuers under Bank Secrecy Act
The U.S. Federal Deposit Insurance Corporation (FDIC) has issued new regulatory guidance that subjects stablecoin issuers to stricter compliance standards...
BitcoinWorld
ECB Warns Euro Stablecoins Could Weaken Bank Lending and Monetary Control
The European Central Bank (ECB) has issued a formal warning that the widespread adoption of euro-denominated stablecoins could reduce bank lending and undermine...
BitcoinWorld
Massive $407 Million USDT Transfer to OKX Draws Market Attention
A substantial transfer of 407,945,512 USDT, valued at approximately $407 million, was detected moving from an unidentified wallet to the cryptocurrency exchange OKX. The...
Asset manager Grayscale named four blockchains best placed to absorb institutional flows after the CLARITY Act passes. The list pairs Ethereum and Solana with BNB Chain and Canton Network.
The Digital Asset Market Clarity Act cleared the Senate...
BitcoinWorld
Circle Mints 250 Million USDC, Signaling Growing Stablecoin Demand
On May 22, 2024, blockchain tracking service Whale Alert reported that 250 million USDC was minted at the USDC Treasury. The transaction, recorded on the Ethereum...
BitcoinWorld
Whale Moves $284 Million in USDC to Coinbase: What It Means for the Market
A massive transfer of 284,196,459 USDC, valued at approximately $284 million, was recorded moving from an unidentified wallet to the cryptocurrency exchange...
Dankrad Feist, a former Ethereum Foundation researcher, has called on the community to build a new ETH-aligned organization with at least $1 billion in funding, arguing it is the only credible path to putting Ethereum back on a winning...
BitcoinWorld
Whale Alert: $351 Million USDC Moved From Coinbase Institutional to Coinbase
A significant transfer of 350,852,233 USDC, valued at approximately $351 million, was recorded moving from Coinbase Institutional to Coinbase, according to...
BitcoinWorld
Circle Mints 250 Million USDC, Boosting Stablecoin Supply
Circle, the company behind the USD Coin (USDC) stablecoin, has minted an additional 250 million USDC tokens at the USDC Treasury. The transaction was detected and reported by...
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