Paolo Ardoino said that the recently implemented European framework on digital assets was “very dangerous when it comes to stablecoins.” Paolo Ardoino, CEO of stablecoin issuer Tether, addressed criticism over the company’s decision not to seek registration under the European Union’s Markets in Crypto-Assets (MiCA) framework, arguing that the regulations were risky for stablecoins. Speaking …
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Ethena will integrate its sUSDe stablecoin natively within TON under the name tsUSDe, offering support within custodial and non-custodial wallets. Decentralized stablecoin platform Ethena has partnered with The Open Network (TON) to make its stablecoins available to Telegram’s user base of over one billion people. The partnership, announced on May 1 at Token2049 in Dubai, …
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The U.S. Securities and Exchange Commission (SEC) is closing its inquiry into the dollar-backed crypto asset issued by the payments giant PayPal. In August 2023, PayPal introduced the PayPal USD (PYUSD) stablecoin to capitalize on the potential of Web3 payments. The asset is backed by US dollar deposits, short-term US Treasuries and similar cash equivalents. …
Bitcoin’s “base case” for the end of 2025 is $200,000 without further government adoption, Bitwise’s head of research told Cointelegraph. Bitcoin’s expanding institutional adoption may provide the “structural” inflows necessary to surpass gold’s market capitalization and push its price beyond $1 million by 2029, according to Bitwise’s head of European research, André Dragosch. “Our in-house …
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Bitcoin is becoming a yield-generating asset class for institutions using DeFi strategies like staking, lending and Sharia-compliant tools. The demand for yield-generating strategies around Bitcoin (BTC) is surging, especially from firms seeking liquidity without liquidating their BTC, according to Ryan Chow, co-founder and CEO of Solv Protocol. During a fireside chat at the Token2049 conference …
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Bitcoin’s price is ready to break out of consolidation as alarming US GDP data increases chances of Fed interest rate cuts. Key takeaways: Bitcoin holds $95,000 as Fed rate cut odds rise to 60% for June 18 and the US economy slumps. Breaking $95,000 could push BTC’s price toward $100,000, while dropping below $93,000 may …
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Bitcoin market commentators focus on potential benefits of a recession scare for BTC price strength as macro data piles pressure on the Federal Reserve to act. Key points: Bitcoin traders wait for signals of US economic policy loosening as data forces the Federal Reserve into a corner. Recession is more likely than not, sources say, …
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The global crypto market has climbed past the $3 trillion mark, driven by renewed investor interest sparked by US policy developments under President Donald Trump. CoinMarketCap data shows that the total value of digital assets surpassed $3 trillion in early trading on May 1. Crypto Market Cap (Source: CoinMarketCap) Although this represents a significant rebound …
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Two of Wall Street’s most established financial firms, Morgan Stanley and Charles Schwab, are reportedly preparing to offer access to crypto trading. Morgan Stanley reportedly plans to roll out spot crypto trading on its E*Trade platform by 2026. To support this integration, the firm is exploring partnerships with crypto-native companies. While Morgan Stanley already offers …
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Bitcoin miner revenues have compressed sharply since the April 2024 halving. Transaction fees currently contribute around 1.48% of block rewards, near the lowest share since 2023. The decline highlights a growing reliance on subsidy income, which dropped to 3.125 BTC per block following the halving. Bitcoin fees as percentage of block subsidy (Source: Bitbo) Hashprice …
A coalition of US blockchain firms has urged the Securities and Exchange Commission (SEC) to provide clear regulatory guidance on crypto staking. The coalition, led by the Crypto Council for Innovation, requested in an April 30 open letter that the agency treat staking with the same clarity it recently applied to proof-of-work mining. Staked tokens …
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Ethena Labs, the team behind the synthetic dollar USDe, has announced a strategic partnership with the TON blockchain. According to a May 1 statement, this move brings both USDe and its yield-generating counterpart, sUSDe, directly into the Telegram ecosystem. Ethena said: “This represents one of Ethena’s most meaningful launches to date. [Telegram] Users within [in …
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Singapore Gulf Bank (SGB) has launched SGB Net, a real-time clearing network designed to power digital asset transactions for businesses across the Middle East and North Africa (MENA). According to a May 1 statement, this move marks a significant step toward addressing long-standing issues in cross-border finance, including settlement delays and high transaction fees. Notably, …
Ethena Labs will bring its USDe synthetic dollar and its staking counterpart, tsUSDe, to The Open Network (TON) blockchain, unlocking access to dollar-denominated savings for Telegram’s 1 billion users through self-custodial wallets starting in May 2025. TON Ecosystem to Support Ethena’s USDe for Dollar Savings and Staking Through a collaboration with the TON Foundation, USDe …
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Terengganu police and Tenaga Nasional Berhad (TNB) dismantled a syndicate accused of stealing electricity to power illegal bitcoin mining operations in Hulu Terengganu and Marang districts on Tuesday, seizing 45 machines worth RM225,000. Police, TNB Raid Illegal Bitcoin Mining Operations in Hulu Terengganu, Marang The joint operation, codenamed Op Letrik, targeted two premises—one in Bukit …
