After a period of rapid expansion, the global stablecoin market has largely stalled, signaling a consolidation phase as new regulation, liquidity constraints and higher real-world yields weigh on new issuance, according to Jimmy Xue, co-founder of quantitative yield protocol Axis. In a note shared with Cointelegraph, Xue said that while stablecoin regulation has advanced, tighter … Read more
The Board of Mayor and Aldermen in Kingsport, Tennessee approved changes to the city’s zoning rules that could pave the way for cryptocurrency mining companies and data centers to operate locally. In a Tuesday meeting, the board unanimously approved on first reading an ordinance to amend the land zoning related to data centers and cryptocurrency … Read more
Former Binance CEO Changpeng Zhao said at the World Economic Forum in Davos that he is advising several governments on tokenizing state assets. Changpeng “CZ” Zhao, the former CEO of cryptocurrency exchange Binance and co-founder of YZi Labs, said he is in talks with “probably a dozen governments” about tokenizing their assets. Speaking on a … Read more
Circle CEO Jeremy Allaire said the company views its dollar-pegged stablecoin as neutral financial infrastructure with network effects, rather than a product meant to compete with existing payment companies. Speaking on CNBC’s Squawk Box during the World Economic Forum at Davos, Switzerland, Allaire said Circle does not view card networks such as Visa or Mastercard as competitors, describing them instead as “significant partners.” According to Allaire, … Read more
Bitwise Asset Management has launched a new exchange-traded fund (ETF) designed to hedge against currency debasement, underscoring how digital assets are increasingly being incorporated into broader macro investment strategies following the success of spot Bitcoin ETFs. On Thursday, Bitwise unveiled the Bitwise Proficio Currency Debasement ETF, which trades on the NYSE under the ticker BPRO. … Read more
The Bitcoin price rally to $90,000 failed to hold after 17,000 BTC were sent to exchanges, but an improving spot market suggests that traders view BTC’s current pricing as discounted. Crypto exchanges saw a surge in Bitcoin (BTC) flows over the past two days, emulating a pattern seen when the market topped in July and … Read more
Automotive technology supplier Valeo and Natix Network, a Solana-based decentralized physical infrastructure network (DePIN) provider, have partnered to build an open-source, artificial intelligence (AI) multi-camera model aimed at improving autonomous driving systems. The two companies said Thursday they are building what they call the World Foundation Model (WFM), which they say will be able to … Read more
The world breathed a small, collective sigh of relief on Wednesday when US President Donald Trump said he would not use force to take over Greenland during a rambling, hour-long speech to a crowd of world leaders in Davos. Trump argued why the US should rightly own Greenland, ostensibly as a bulwark against Russian or … Read more
Financial technology and tokenization company Superstate has raised $82.5 million in a Series B round as it pushes deeper into onchain capital markets, aiming to modernize the way companies raise money and go public using blockchain. The round was led by Bain Capital Crypto and Distributed Global, with participation from Haun Ventures, Brevan Howard Digital, … Read more
The sweeping U.S. Senate effort to establish a comprehensive legal framework for cryptocurrency trading and oversight is likely to be pushed back for weeks or even months, after key legislative momentum stalled this week in the wake of major industry backlash. The Senate Banking Committee indefinitely postponed work on its long-anticipated market structure bill — … Read more