Stablecoins are set to capture $1 trillion in annual payment volume by 2030 and could comprise 10% of the U.S. money supply, fundamentally reshaping monetary policy as they hold 25% of the U.S. Treasury bill market with a $2 trillion supply, according to new research from Keyrock and Bitso. The comprehensive report, shared with Cryptonews,…
U.S. Treasury Secretary Scott Bessent clarified in a Fox News interview on August 14 that the U.S. will not be buying Bitcoin for its Strategic Bitcoin Reserve. U.S. Bitcoin Reserve Won’t Be Bought, Scott Bessent Says Speaking with Fox News reporter Maria Bartiromo on Thursday, Bessent revealed that while the U.S. has its eyes on…
Key Takeaways: Global stablecoin policy approaches vary, creating potential competitive advantages for certain jurisdictions. Issuers may adjust their base of operations based on regulatory timelines and operational flexibility. Cross-border stablecoin adoption could be influenced by regional licensing requirements and compliance costs. The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have…
Ethereum is edging toward a new all-time high, with market activity showing a decisive tilt toward the second-largest cryptocurrency by market capitalization. According to a CryptoQuant research note, the price of ETH hit $4,781.24 today—its highest level since November 2021 and just shy of its record peak. ETH is breaking out vs BTC. The ETH/BTC…
Turkish crypto exchange BtcTurk is facing allegations of a $48 million security breach in a coordinated multi-chain attack targeting its hot wallets. The exploit, first detected by blockchain security firm Cyvers, involved suspicious transfers across Ethereum, Avalanche, Arbitrum, Base, Optimism, Mantle, and Polygon networks, with most funds consolidating into just two recipient addresses. Following the…
The crypto market’s euphoric bull run has been brutally shattered as over $1.05 billion in liquidations swept through digital assets following unexpectedly high U.S. inflation data. On August 14, the U.S. Bureau of Labor Statistics (BLS) released July Producer Price Index (PPI) data showing an annual rate of 3.3%, with the previous month’s figure revised…
ETH inflows reached a record on Monday, with U.S. spot Ethereum ETFs drawing $1 billion in a single session. BlackRock’s ETHA fund accounted for $640 million, and Fidelity’s FETH added $277 million. Overall ETF holdings now total $25.7 billion, and cumulative inflows this cycle exceed $10.8 billion. What ETH Flows Mean Now Large ETH inflows…
The Chainlink Reserve has received a substantial boost this month, with a fresh inflow of 44,109.76 LINK on August 14, 2025. At current market prices, this addition is valued at approximately $1.03 million, marking a large single-day increase to the reserve in recent months. RESERVE UPDATE Today, the Chainlink Reserve has accumulated 44,109.76 LINK. As…
Bitpanda, Europe’s leading cryptoasset platform, announced on Thursday that it has officially launched in the UK, giving British investors access to more than 600 cryptoassets. In a press release shared with CryptoNews, the firm said UK-based users will be able to trade a range of assets, from major cryptocurrencies like Bitcoin and Ethereum to emerging…
Binance, the world’s largest cryptocurrency exchange, announced Thursday it has restored access to its full suite of Binance Earn products for qualifying UK Professional Users. This follows clarification in UK financial regulation, confirming that staking is exempt from being classed as a collective investment scheme, and a review of how exemptions under the Financial Promotions…