Tag: Stablecoin

Ethereum Hits $4,300, Parabolic Run or Pullback Ahead?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum just hit $4300, but is going for an all time high or a pull back? This video will cover some recent Ethereum Technical analysis, and I’ll share an update on Altcoins I’m watching that could benefit from this Ethereum pump. —————————————————- 🔥 *Copy my Bull Market Portfolio* 🔥 1️⃣ Watch tutorial on Bull Market Bots: 2️⃣ Sign up to Pionex: 3️⃣ Claim deposit bonus: 4️⃣ Join our free community _The Coiners_ : 5️⃣ Copy my Bull Market Bots: Bitcoin: Ethereum: Solana:…

Binance Stablecoin Inflows Top $1.65B as Bitcoin Slumps

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Users of the Binance cryptocurrency exchange deposited $1.65 billion in stablecoins, a large inflow often seen as a precursor to renewed demand for spot cryptocurrencies following the recent market sell-off. The deposit coincided with nearly $1 billion in Ether (ETH) withdrawals from Binance, according to onchain analytics provider CryptoQuant. It also marked the second time this month that net stablecoin deposits on the exchange exceeded $1.5 billion, “underscoring a renewed wave of capital entering the spot market,” wrote CryptoQuant’s Amr Taha. Stablecoin net daily inflows into Binance have spiked recently.…

Solana Price in Spotlight as Bit Mining Floats DOLAI Stablecoin

Key Notes Analysts are expecting the Solana price to follow an uptrend after BIT Mining’s announcement. The firm has launched DOLAI stablecoin on Solana, increasing SOL utility per demand. There is increased institutional demand for SOL, with WEPE also sharing the spotlight. Solana SOL $190.7 24h volatility: 2.8% Market cap: $103.09 B Vol. 24h: $9.27 B has been in the spotlight after technology-driven cryptocurrency infrastructure company BIT Mining announced the launch of DOLAI. The firm chose the Solana blockchain because of its top features, like high speed and low cost.…

Tokyo’s Monex Considers Launching Domestic Yen Stablecoin

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Tokyo-based publicly traded financial services company Monex Group is considering a Japanese yen-pegged stablecoin. According to a Tuesday TV Tokyo report, Monex Group Chairman Oki Matsumoto told the outlet that the company is considering issuing a yen-pegged stablecoin in Japan. “Issuing stablecoins requires significant infrastructure and capital, but if we don’t handle them, we’ll be left behind,” Masumoto said. He concluded: “We will respond properly.” Oki Matsumoto. Source: Wikidata Related: Japan’s finance Minister endorses crypto as portfolio diversifier Monex’s upcoming stablecoin Monex Group’s stablecoin, should it issue one, would be…

Citi Exec Warns Stablecoin Yields Could Drain Bank Deposits: Report

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Paying interest on stablecoin deposits could spark a wave of bank outflows similar to the money market fund boom of the 1980s, Citi’s Future of Finance head Ronit Ghose warned in a report published Monday. According to the Financial Times, Ghose compared the potential outflows caused by paying interest on stablecoins to the rise of money market funds in the late 1970s and early 1980s. Those funds ballooned from about $4 billion in 1975 to $235 billion in 1982, outpacing banks whose deposit rates were tightly regulated, Federal Reserve data…

Altseason Just Went Full SEND! [Next Altcoin Plays]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io While most of crypto stays blind to what’s happening, Ran reveals the biggest narrative of the cycle that’s quietly building massive momentum. He will also cover the major signs that essentially point to the real altseason! ___________________________________________ 🚨 𝗢𝗡𝗘 𝗧𝗜𝗠𝗘 𝗖𝗥𝗔𝗭𝗬 𝗢𝗙𝗙𝗘𝗥!!! 🚨 ⬇⬇⬇⬇⬇⬇ 💰 Sign up for Front Runners TODAY and join Pionex or Blofin, and Ran will deposit $150 into your account! ⏰ 24 Hours Only! Go! Go! Go! 🚀 𝗙𝗥𝗢𝗡𝗧 𝗥𝗨𝗡𝗡𝗘𝗥𝗦 – 𝗚𝗲𝘁 𝘁𝗵𝗲 𝗔𝗹𝗽𝗵𝗮 𝗙𝗜𝗥𝗦𝗧! 👉 Join Now:…

$11.8 Billion Stablecoin Issuer Says XRP Is Ready For Integration And Onboarding

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XRP is now on the verge of being integrated into the backing of USDe, the $11.8-billion stablecoin issued by Ethena Labs. The company’s risk committee recently confirmed that XRP has passed all thresholds required under its newly launched Eligible Asset Framework, which puts it alongside BNB and HYPE as top candidates for onboarding.  XRP’s massive liquidity, its market capitalization of over $181 billion, and daily trading volumes comfortably above $10 billion now see it ready to take on a new role in the USDe ecosystem. Related Reading Ethena’s Eligible Asset…

TRUMP TO SIGN HUGE $9 TRILLION CRYPTO EXECUTIVE ORDER NOW

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io TRUMP TO SIGN HUGE $9 TRILLION CRYPTO EXECUTIVE ORDER TODAY GM babe! Trump is set to sign an executive order today allowing crypto, gold, and private equity in 401(k) plans! With this, we could see $9 trillion enter the market! Subscribe and set all video alerts to get more! 00:00 HI 00:57 Trump signs crypto EO 07:33 Bitcoin and altcoin market overview 09:35 Ripple XRP news 15:51 China tests stablecoins 16:22 ETH 18:47 Big Chainlink announcement 19:37 Binance altseason indicator 21:11 Hedera…

Stablecoin Market Will Surge to $1.2 Trillion by 2030: Coinbase

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The total US dollar-pegged stablecoin market is projected to swell to $1.2 trillion by 2028, spurred on by comprehensive crypto regulations in the United States, according to crypto exchange Coinbase. Coinbase said the projections mean the US Treasury issuance would have to be $5.3 billion per week over the next three years to satisfy demand from stablecoin issuers, who use short-term US Treasury bills as backing collateral for their digital fiat tokens. Projection of stablecoin market cap by 2028. Source: Coinbase This issuance schedule would cause a minor and temporary…

China’s Stablecoin Push is More Global Than Local

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The cryptocurrency industry is abuzz with speculation after recent reports suggested China may soften its stance on a yuan-backed stablecoin, but law experts caution against overinterpreting the news. Reuters reported Wednesday that Beijing is considering approving a stablecoin pegged to the renminbi as part of a roadmap to boost the currency’s internationalization. It was the second report this month, following a similar Financial Times story on Aug. 5. Despite the news, Chinese officials have yet to confirm whether it’s considering a stablecoin push. Even if Chinese authorities move ahead, analysts…