Chinese officials have ordered state-owned digital service providers and financial entities to study the feasibility of launching yuan-pegged stablecoins. According to a recent report from South China Morning Post, insiders say that government officials are currently focusing on the possibility of launching yuan-backed stablecoin issuance through state-owned firms. In order to test out the possibility,…
Ethereum is gaining traction as a treasury reserve asset, and Minneapolis-based affiliate marketing and iGaming software firm SharpLink isn’t slowing down on its buying spree. On July 14, SharpLink made another major ETH purchase, adding 24,371 ETH to its holdings at an average price of $2,695. According to EmberCN data, the total value of the…
Bitcoin is cooling off after briefly hitting a new all-time high near $123,000, as traders move to lock in gains and short-term holders send coins to centralized exchanges. After days of consistent growth, the move indicates a change in momentum, which begs the question of whether Bitcoin (BTC) is about to enter a consolidation phase…
Bonk has shown strong performance in July, with analysts suggesting the memecoin still has fuel left in the tank. According to data from crypto.news, Bonk (BONK) has rallied 100% over the past 14 days, hitting a 5-month high of $0.000028 last check Tuesday, July 15. The meme coin had previously been in a downtrend that…
Berachain mainnet has shared a proposal containing details about its Proof of Liquidity upgrade which would set aside 33% of PoL incentives to the BERA rewards model. Shared on the mainnet’s public forum, the proposal is meant to introduce a new Proof of Liquidity model called “PoL v2.” The new model would redirect 33% of…
ProShares has been approved to list its Ultra XRP ETF on NYSE Arca, with trading set to begin by the end of this week. Per a July 14 filing with the Securities and Exchange Commission, NYSE Arca has certified the listing and registration of the ProShares Ultra XRP ETF under the ticker UXRP. As a…
The crypto-skeptical Wall Street giant has significant indirect exposure to Bitcoin, thanks to Strategy and other stocks. Vanguard has long held that crypto assets are too risky and lack inherent value. However, due to the mechanics of its index funds, the investment giant, managing $10.4 trillion in assets, is now the largest institutional backer of…
Dogecoin has maintained a short-term uptrend, but it now faces a critical technical resistance zone that could trigger a corrective move. While this may pause the current rally, a healthy pullback could establish a bullish higher low, reinforcing trend continuation. After showing signs of strength and reclaiming key levels, Dogecoin (DOGE) is nearing a high-volume…
Just months ago, BitMine was another mining operation chasing cheap electricity to dig up Bitcoin. Now, it’s sitting on one of the largest corporate Ethereum treasuries outside of the Ethereum Foundation itself. The speed of this pivot has left industry veterans both impressed and skeptical. In a press release dated July 14, BitMine Immersion disclosed…
The U.S. Federal Reserve has officially adopted ISO 20022 for its Fedwire Funds Service, with several cryptocurrencies including XRP, Stellar, Algorand and Cardano, already compliant with the new international messaging standard. Fedwire, the U.S. central bank’s real-time gross settlement system, is adopting the standard to enhance cross-border payments. This move comes as the global financial…
