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Nick van Eck, co-founder and CEO of Agora, behind one of the stablecoins Anchorage said it would phase out, claimed inaccuracies and an inconsistently applied framework.
With the near-passage of the GENIUS Act and a host of companies announcing stablecoin initiatives, stablecoin-related assets have been on a tear. Circle, issuer of USDC, has seen its stock rise about 500% since its debut on June 5. This week, the
As Polymarket seeks a $1 billion valuation in a Founders Fund-led round, the “quiet winners” may be the stablecoins underpinning its settlement infrastructure, Coinbase analysts wrote in a Friday research report. All of the platform’s trades settle in Circle’s USDC on Polygon,
Trump has come into office with a wrecking ball – and his acts of unpredictability, both domestically and abroad, have only hampered the dollar’s status as the choice reserve currency. In the crypto world, this only means one thing – USD-pegged stablecoins
Crypto exchange Coinbase (COIN) will start offering perpetual-style futures contracts in the U.S. on July 21, becoming one of the first regulated players to offer the globally popular product. The new vehicle, first available with bitcoin BTC and ether ETH, will trade
Bitcoin BTC continues to consolidate in the $102,000 to $108,000 range and gold is lower by 2% today and roughly 7% from its record high. Meanwhile, the Nasdaq 100 has reached new all-time highs. A couple of U.S. macroeconomic data points Friday
World Liberty Financial (WLF), the decentralized finance (DeFi) protocol associated with U.S. President Donald Trump and his family, is working with Re7 Labs to establish a vault for its USD1 stablecoin on lending platforms Euler and Lista, the companies said in a
Avalanche’s token AVAX recently broke out of a consolidation phase, establishing strong support levels, according to CoinDesk Research’s technical analysis model. The token is up 0.8% in the last 24 hours. The CoinDesk 20 — an index of the top 20 cryptocurrencies
Toncoin TON is demonstrating bullish momentum on the short-term, with price action forming a solid uptrend pattern and significant volume support, according to CoinDesk Research’s technical analysis model. The token is up 1.5% in the last 24 hours. The CoinDesk 20 —
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2955.67, down 0.4% (-11.81) since 4 p.m. ET on Thursday. Nine of 20 assets are trading