Tag: Stablecoin

$31B Stablecoin Balance At Binance Points To Altcoin Season

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Key takeaways: USDT and USDC balances on Binance hit a record $31 billion in June 2025. One analyst sees the reserve build-up as a “brewing liquidity explosion,” with investors waiting for clear altcoin trading opportunities. Over the past 90 days, Bitcoin dominance has steadily declined, hinting at a potential shift toward altcoins. According to crypto analyst Timo Oinonen, a long-awaited altseason may be on the horizon, highlighting a massive build-up of stablecoin reserves on Binance as a key catalyst. Oinonen noted that Binance’s USDT and USDC balances hit a record…

Dozens of Firms Eye Stablecoin Licenses in Hong Kong

Key Notes At least forty firms plan on applying for stablecoin licences in Hong Kong. Only a handful of licences are expected to be approved. Companies are expected to meet strict requirements before they are approved by the authorities. At least 40 firms in Hong Kong plan to apply for stablecoin licenses ahead of the expected launch in August 2025. However, only a few are likely to be approved due to strict regulatory requirements. This development is expected to follow the implementation of Hong Kong’s stablecoin legislation on August 1,…

Why Companies Like JP Morgan And Visa Are Creating Crypto Tokens

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mainstream financial companies from JP Morgan to Visa are creating their own crypto currencies, known as stablecoins. Market analysts predict they could disrupt the credit card industry. Watch the video to learn why corporate giants are racing to launch their own crypto tokens. Chapters: 0:00 Introduction 1:48 The corporate embrace 7:06 Crypto risks 8:53 Regulation pushes ahead Hosted by MacKenzie Sigalos Reporting by Tanaya Macheel, Kaan Oguz Senior Managing Producer Jordan Smith Edited by Nora Rappaport Animation by Mithra Krishnan Senior Director…

South Korean Bank Stocks Surge After Stablecoin Trademark Filings

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Shares of major South Korean banks surged following trademark filings for stablecoins, signaling growing institutional interest in digital assets.  According to Google Finance data, at least three South Korean banks that recently applied for Korean won stablecoin trademarks saw their stock prices increase by 10% to almost 20%. The market reaction suggests investor optimism around the banks’ potential entry into the cryptocurrency sector. The filings came shortly after the inauguration of the country’s 21st president, Lee Jae‑myung, on June 4. His campaign included crypto-friendly promises, including the development of a…

Chinese Task Force Flags Illegal Stablecoin Schemes Amid Growing Interest

A Chinese task force has issued a warning to Shenzhen residents about fraudulent investment schemes targeting stablecoins. Growing Stablecoin Popularity A Chinese task force created to combat illicit financial activities has warned Shenzhen residents to be wary of fraudulent investment projects preying on the public’s limited understanding of stablecoins. In an alert issued July 7, […] Source CryptoX Portal

US Dollar May Weaken as Stablecoin Regulations Reshape Global Finance

Europe’s largest asset manager is sounding alarms as U.S.-regulated stablecoins surge, threatening to erode dollar dominance and destabilize global money flows at massive scale. US Dollar’s Global Role Challenged by Surge in Regulated Stablecoins A sweeping shift in global financial dynamics could be triggered by the U.S. push to regulate dollar-backed stablecoins, prompting fears of […] Source CryptoX Portal

Silent Climb: Stablecoin Market Inches Toward $260B Breakout

Although bitcoin has seen its fair share of price swings this week, the stablecoin market has quietly ballooned by $2.114 billion—edging ever closer to the $260 billion milestone. USDT Leads the Charge as Stablecoins Creep Toward $260B Summit Over the last seven days, the stablecoin market has climbed 0.84%, ticking up from $253.25 billion to […] Source CryptoX Portal

Solana ($SOL) Gains Institutional Traction as Japanese Bank Explores Stablecoin Payments

Solana declined 3.36% over the past 24 hours, retreating from $155.69 to $150.81, according to CoinDesk Research’s technical analysis model, amid broader market pressures, even as institutional developments in Asia signal growing momentum for the blockchain, One of Japan’s most digitally progressive banks has launched a new initiative that could expand real-world applications for Solana’s infrastructure. Minna Bank, a digital-native bank and a subsidiary of Fukuoka Financial Group, announced a new research collaboration with Fireblocks, Solana, and TIS to evaluate how stablecoins and Web3 wallets can reshape consumer finance in…

NYAG Letitia James Urges Fed Oversight, FDIC Protections in Stablecoin Legislation

New York Attorney General Letitia James is warning that dangerously flawed stablecoin bills could expose U.S. financial markets to chaos by lacking critical guardrails and enforcement. Weak Stablecoin Bills Risk Undermining US Financial Stability, James Warns New York Attorney General Letitia James has raised concerns that proposed federal legislation on stablecoins lacks the safeguards needed […] Source CryptoX Portal

Tron Price Analysis: TRX Outperforms BTC as Stablecoin Deposits Hit $80 Billion

Key Notes Tron network recorded over $3 billion in stablecoin inflows within just 30 days, indicating strong institutional interest. Technical indicators including Bollinger Bands and MACD signal continued upward momentum toward the $0.30 resistance level. Seven green candles in ten trading sessions demonstrate sustained accumulation despite Bitcoin’s failure to maintain new highs. Tron TRX $0.29 24h volatility: 1.1% Market cap: $27.22 B Vol. 24h: $589.12 M price rose to $0.29 on Thursday, July 3, tracking crypto inflows as Bitcoin BTC $109 746 24h volatility: 0.4% Market cap: $2.18 T Vol.…