Sony Launches USDSC Stablecoin With Startale to Power Soneium Ecosystem
TL;DR Startale Group launches a new institutional stablecoin, USDSC, on Sony’s Soneium network. The stablecoin is backed by short-term US Treasuries and aimed at developers. The
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Bitfinex lists STABLE token as Stable Network launches governance asset
Bitfinex announced that it has listed the STABLE token, the governance asset of the newly launched Stable Network. According to the exchange, trading for STABLE begins
Coinme Faces $8 Million Repayment Demand in Washington Enforcement Action
TL;DR Washington regulators have ordered Coinme to repay $8 million, halting all its money transmission activities. The Department of Financial Institutions questions the company’s financial condition
Ethena Labs Teams With Anchorage to Reward USDtb and USDe Holders
Ethena Labs has strengthened its partnership with Anchorage to offer direct rewards for USDtb and USDe without staking or lockup requirements, a feature designed for institutions
Bitcoin Market Shows Signs of Seller Fatigue, Analysts Eye Potential Upside
Bitcoin showed renewed strength after several analytics firms reported clear signs of seller fatigue across major trading venues. According to data shared this morning by Bitfinex
MoneyGram turns to Fireblocks to settle remittances with stablecoins and speed up global payouts
TL;DR MoneyGram integrates Fireblocks for stablecoin-based cross-border settlements. The partnership aims to reduce transfer times and operational costs. The remittance giant serves over 50 million customers
Stablecoins Lead Growth in Latest Revenue Report, Crypto Platforms Post Solid Results
The monthly revenue flow shows that stablecoins remain the economic backbone of the market. Tether leads with $445.7M and a 2% increase, while Tron and Circle
EU Proposal Boosts ESMA Powers Over Digital Assets and Market Supervision
TL;DR The EU Commission proposes expanding ESMA’s supervisory powers over crypto firms. The plan aims to unify capital markets and close a gap with US regulation.
Citadel urges SEC to classify DeFi platforms as exchanges
Citadel Securities stated in a filing today that the SEC should classify DeFi protocols as exchanges after raising concerns over platforms enabling trading of tokenized stocks.
BNB Bulls Push Toward $1,200 as Price Hits 7-Year Ceiling
BNB is trading at $910 after rising 1.6% in the past 24 hours, once again approaching the long-standing resistance level that has defined its trend for
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