Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Earlier today, Bitcoin (BTC) briefly climbed above the $110,000 mark after the release of cooler-than-expected US Consumer Price Index (CPI) data. The softer inflation reading strengthens the case for the US Federal Reserve (Fed) to begin cutting interest rates – a development […]
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Circle has expanded the reach of its US dollar-pegged stablecoin by launching native USDC on World Chain, the blockchain project backed by OpenAI CEO Sam Altman. The development replaces previously bridged USDC tokens with native assets directly issued by Circle, improving security,
World Chain Adds Native Support for Circle’s USDC and Cross-Chain Transfer Protocol Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US firms are warming up to stablecoins at a pace we haven’t seen before. Interest jumped from 8% in 2024 to 29% this year among 100 executives at Fortune 500 companies. That’s more than three times the level of a year ago.
Fortune 500 Executives Are Eyeing Stablecoins Like Never Before—Study Read More »
Bitwise CIO Matt Hougan said the “megatrend” of public companies adding Bitcoin (BTC) to treasury reserves will continue accelerating as the movement is still in its early stages. Hougan made the statement during a June 10 interview on CNBC, where he highlighted that 79 listed firms now hold roughly $57 billion worth of Bitcoin as of
Bitwise CIO calls Bitcoin ‘best horse in the race’ to explain accelerated corporate buys Read More »
GameStop Corp. plans to raise $1.75 billion through a private offering of convertible senior notes due 2032, as the company explores digital asset investments, including potential Bitcoin acquisitions, under its updated investment strategy, according to a June 11 press release. The zero-coupon notes will be offered to qualified institutional buyers under Rule 144A of the
Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11. However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank
Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act Read More »
Bitcoin (BTC) and the wider market experienced a minor pullback after President Donald Trump announced the finalization of a new tariff arrangement with China, pending a formal sign-off by him and President Xi Jinping. Trump announced on Truth Social that the accord grants the US “55% tariffs” on Chinese goods, versus 10% levied on US
Bitcoin dips as Trump finalizes tariff deals with China Read More »
The Senate voted 68-30 on June 11 to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, ending the filibuster option and moving the bill toward a final floor vote that will require a simple majority. Majority Leader John Thune, who controls the chamber’s schedule, started the 30-hour post-cloture clock
Senate’s 68-30 cloture vote speeds GENIUS Act toward simple majority passage Read More »
Polygon’s governance is undergoing a significant transformation, with co-founder Sandeep Nailwal stepping in as the Foundation’s first CEO. In a June 11 post on X, Nailwal said: “As the largest holder of POL and someone who dedicated his life to development and success of Polygon from the very beginning, I have decided to take full
Polygon’s governance revamp to focus on stablecoin payments and AggLayer Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum whales have started returning to the arena as the price has picked up once again. This return marks a turn for the digital asset, which has suffered from major sell-offs over the last few weeks. So far, they have more than
Ethereum Large Transactions Jump 100% In 24 Hours, Will ETH Whales Drive Altcoin Season? Read More »
