The bank published a report that estimates an almost ten-fold increase in the supply of stablecoins by the end of 2028 if the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is passed later this year. Standard Chartered Predicts $2 Trillion Stablecoin Market by 2028 London-based Standard Chartered bank published a research report […] Source CryptoX Portal
Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover’s fund administration business, making its subsidiary Securitize Fund Services the largest digital asset fund administrator. MG Stover’s team will now operate under Securitize Fund Services (SFS), enhancing the company’s institutional-grade offerings, the company said in a press release. With the acquisition, SFS now oversees $38 billion of assets under administration across 715 funds, including Securitize’s tokenized fund offerings such as BlackRock’s $2.45 billion tokenized U.S. Treasury fund (BUIDL). Securitize now offers an integrated suite…
XRP could be the most likely candidate for the next spot crypto ETF approval, claims Kaiko research. XRP is emerging as possibly the most likely candidate among potential altcoin Exchange Traded Funds. According to a recent report by Kaiko, XRP (XRP) is leading all other tokens by the number of ETF filings, which stand at 10. Solana (SOL) is in second place, with filings by five ETF issuers. Altcoins by number of ETF filings | Source: Kaiko XRP’s liquidity makes it a key candidate for ETF approval According to Kaiko,…
An admin wallet for layer-2 blockchain ZKsync was compromised on Tuesday with the hacker taking off with $5 million worth of ZK tokens. The stolen funds were the “remaining unclaimed tokens from the ZKsync airdrop,” ZKsync wrote on Twitter, before saying that “necessary security measures are being taken.” The protocol’s ZK token has dropped almost 14% over the past 24 hours. Volume has increased by 96% to $71 million in the same period. ZKsync said the attack was an isolated incident and that it is confined to the token airdrop…
The U.S. dollar index remains under pressure as Donald Trump’s tariffs push investors to other currencies. The DXY index was trading at $99.95 on Tuesday, down by 9.20% from its highest level this year. It has also been hovering at its lowest point since July 2023, and a death cross it formed points to more downside in the coming months. The US dollar index could crash further More technical signals show that the U.S. dollar index has further downside potential. It has formed an inverse cup and shoulders pattern whose…
Cryptocurrency exchange Binance has been criticized this week for including privacy token Zcash (ZEC) among those cryptos up for a vote to be delisted from the exchange. Zcash, which has a $500 million market cap, appeared on the ballot alongside FTX’s FTT token and data security platform JASMY. Zcash founder Zooko Wilcox tagged Binance CEO Richard Teng in a tweet on Tuesday: “You’re considering delisting Zcash!? What kind of world are you creating? Do you want your children to grow up in peace and prosperity, or a Black Mirror episode?”…
CryptoX Indices presents its daily market update, highlighting the performance of leaders and laggards in the CryptoX 20 Index. The CryptoX 20 is currently trading at 2503.6, up 0.1% (+3.51) since 4 p.m. ET on Monday. Eight of 20 assets are trading higher. Leaders: BCH (+1.0%) and BTC (+0.7%). Laggards: APT (-3.5%) and NEAR (-3.0%). The CryptoX 20 is a broad-based index traded on multiple platforms in several regions globally. Source CryptoX Portal
Tether, known for its stablecoin products, has emerged as the leader in the crypto-lending arena, followed by Galaxy and Ledn. The sector has undergone a consolidation period following the collapse of former crypto-lending powerhouses Blockfi, Celsius, and Genesis. Tether Becomes Leader of the Crypto-Lending Business The crypto-lending business, which involves providing liquidity backed by cryptocurrency […] Source CryptoX Portal
Ethereum dApps led the pack in Q1 2025, generating over $1 billion in fees, far outpacing competitors like Base, BNB Chain, and Arbitrum, highlighting Ethereum’s continued dominance in decentralized application revenue. Ethereum Dapps Outpacing Base and BNB Chain in Q1 Fees Ethereum continues to solidify its position as the leading platform for decentralized applications (dApps), […] Source CryptoX Portal
Bitcoin (BTC) drifted ever so gently upwards Monday as the broader market adjusts favorably to trade-related news. The largest cryptocurrency was up 1.6% in the last 24 hours and is now trading just shy of $85,000. Ether (ETH), meanwhile, rose 2.7% in the same period of time to $1,630. The broad-market CoinDesk 20 Index — consisted of the top 20 cryptocurrencies by market capitalization except for stablecoins, memecoins and exchange coins — advanced 1.2%, led by gains in SOL and AVAX. After a couple of wild weeks, the stock market…