China is evaluating yuan-backed stablecoins for the first time, with the State Council set to review a roadmap on currency internationalization and stablecoin usage later this month, per Reuters. The plan would assign regulatory responsibilities, outline risk controls, and task the People’s Bank of China with implementation, and pilot activity is expected in Hong Kong…
Three affiliated AMTD Group companies listed on the New York Stock Exchange have announced a program that would allow crypto holders to swap digital assets for newly issued shares. Key Takeaways: AMTD firms proposed a crypto-for-stock swap letting investors exchange Bitcoin, Ethereum, USDT, BNB, and USDC for newly issued shares. The program is pitched as…
Federal Reserve Vice Chair for Supervision Michelle Bowman has called for banks to embrace blockchain technology or risk losing relevance. At the Wyoming Blockchain Symposium on Aug. 19, Bowman emphasized that regulators and banks must adopt a more proactive approach to the crypto industry. She pointed out that integrating these new innovative technologies would be crucial…
Polkadot is shifting to reposition itself within the present bull market by introducing a devoted unit to bridge its ecosystem with institutional capital. On Aug. 19, the community announced the launch of Polkadot Capital Group, a capital markets-focused division designed to draw Wall Road buyers and construct stronger ties with conventional finance. Based on the…
Crypto alternate Bullish disclosed on Aug. 19 that a part of its $1.15 billion IPO proceeds was obtained in a mixture of stablecoins, together with Ripple’s RLUSD on the XRP Ledger and President Donald Trump-affiliated USD1. The agency mentioned these tokens had been amongst a number of digital belongings concerned within the settlement course of,…
Japan and South Korea are moving quickly to create clearer rules for stablecoins as global interest in digital currencies grows. Stablecoins are cryptocurrencies designed to hold steady value by linking to fiat currencies, commodities, or other assets. Their use in payments, trading, and DeFi has expanded rapidly, with forecasts suggesting the market could grow into…
A recent Bank of America survey shows that most global fund managers are still hesitant to invest in crypto despite the recent bullish momentum observed in the sector. The study, which included 211 fund managers overseeing $504 billion in assets, found that about three-quarters of respondents have no crypto holdings at all. Meanwhile, crypto allocations…
Digital asset investment products pulled in $3.75 billion in net inflows last week, marking one of the largest weekly gains in history, according to CoinShares latest weekly report. The renewed appetite follows several weeks of tepid market sentiment and coincides with a recent crypto price rally. Notably, these inflows lifted total assets under management (AuM)…
Tokenized assets recorded on public blockchains have reached approximately $293 billion, according to data from RWA.xyz. The figure, which includes stablecoins valued at about $266.7 billion, places tokenization near the $300 billion threshold, emphasizing its role as a structural layer in on-chain financial markets. Excluding stablecoins, tokenized real-world assets account for around $26.3 billion. Total…
Solana processed more than 100,000 transactions per second during a recent stress test, marking a new milestone in the network’s scaling efforts. The mainnet block briefly peaked at 107,540 TPS through high-load “noop” program calls, according to data shared over the weekend, showing the upper bound of Solana’s current infrastructure. Developers clarified that the test…