Bitwise CIO Matt Hougan has criticised US banks for lobbying against stablecoins, arguing that they should instead increase the interest rates on deposits to compete with the new financial products. Hougan’s comments were a direct response to a Bloomberg report that highlighted the vulnerability of community and regional banks toContinue Reading
The latest Chainalysis Global Adoption Index shows the United States has climbed to second place, while India has held its lead for the third consecutive year, ranking first across all four sub-indexes. The Asia-Pacific (APAC) region has emerged as the fastest-growing hub for crypto adoption, with its total transaction volumeContinue Reading
According to a new report from Citi, the investment bank expects 10% of the global post-trade market to be processed using stablecoins and tokenised securities within the next five years. The report highlights that the digital asset sector is “tantalizingly close to a structural transition” and that adoption is beingContinue Reading
The Mag7 + Crypto Equity Index Futures will merge leading US technology stocks with crypto ETFs, giving investors concurrent exposure to both traditional equities and digital assets. The index contains ten equally weighted components, including tech giants, Coinbase stock, and BlackRock crypto ETFs, rebalanced quarterly. Futures contracts are cash-settled monthly,Continue Reading
Hyperliquid’s revenue surged to over US$106 million last month, with nearly US$400B in trading volume, allowing it to capture a dominant 70% market share of the decentralised perpetual futures market. BitMEX co-founder Arthur Hayes has compared Hyperliquid to a “decentralised Binance” and has projected a potential 126x price increase forContinue Reading
Bitcoin has declined 13% from its all-time high of US$123,640 (AU$188,620) and is currently trading near US$108,969 (AU$166,280). Analysts suggest that a potential cyclical floor for Bitcoin could form between US$93,000 and US$95,000 (AU$141,983–AU$145,037). Institutional accumulation remains robust, with corporate treasuries steadily increasing their holdings of Bitcoin and Ethereum. BitcoinContinue Reading
Customers can convert savings into DCJPY tokens, targeting returns of 3–5% from securities. The deposit token differs from stablecoins by running on a permissioned bank-managed blockchain. Japan’s government is advancing digital finance rules, including stablecoin licences and ETF considerations. From FY2026, Japan Post Bank customers will be able to convertContinue Reading
The total stablecoin market has grown to an all-time high of US$280 billion, doubling in size since the beginning of 2023, with projections from McKinsey analysts seeing it grow to over US$2 trillion by 2028. The growth and institutional adoption are largely attributed to the passage of the GENIUS ActContinue Reading
VanEck CEO, Jan van Eck, has told Fox News that ETH is the “Wall Street token” and that it underpins emerging stablecoin-based payments rails. Every financial institution will need either Ethereum or EVM-compatible blockchain tech in the next 12 months to not miss out on the benefits of this stablecoinContinue Reading
Circle has partnered with Mastercard and Finastra to integrate its stablecoins, USDC and EURC, into traditional financial systems for cross-border payments and settlements. The collaboration with Mastercard will enable merchants in Eastern Europe, the Middle East, and Africa to settle in USDC, while the Finastra deal will let banks inContinue Reading