Articles
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3 days ago |
ccn.com | Insha Zia |James Morales
Key TakeawaysBCP Technologies has launched a new GBP-pegged stablecoin. European regulators have significantly warmed to stablecoins. Euro- and pound-pegged stablecoins are increasingly viewed as critical for European monetary sovereignty. Although the vast majority of stablecoins are currently denominated in U.S. dollars, there is a growing movement in Europe toward tokens that track the price of local currencies.
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3 days ago |
ccn.com | Insha Zia |Prashant Jha
Key TakeawaysThe Trump-branded crypto wallet launched on Magic Eden sparked immediate backlash. Donald Trump Jr. denied any family involvement with the wallet and threatened legal action. Confusion over the Trump family’s various crypto ventures is fueling political controversy in Washington. A newly launched Trump-branded crypto wallet is stirring up controversy, this time from inside the Trump family itself.
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3 days ago |
ccn.com | Insha Zia |Giuseppe Ciccomascolo
Key TakeawaysCoinbase CEO Brian Armstrong warns that Bitcoin could emerge as a global reserve currency if the U.S. fails to address its soaring $37 trillion debt. Tyler Winklevoss of Gemini reacted to a viral chart showing U.S. debt above $36 trillion with a simple message: “Buy Bitcoin.”The Institute of International Finance warns that exploding U.S. debt could lead to contagion in global bond markets.
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3 days ago |
ccn.com | Insha Zia |Eddie Mitchell
Key TakeawaysU.S. spot Bitcoin ETFs command $128.13 billion in net assets or 6.1% of BTC’s market cap. The SEC has clarified that certain proof-of-stake blockchain staking services do not constitute a securities activity. U.S. spot Ethereum ETFs hold $9.81 billion in net assets or 3.11% of ETH’s market cap. U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have broken free from a significant outflow streak that saw funds lose over $1 billion across three days.
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3 days ago |
ccn.com | Insha Zia |James Morales
Key TakeawaysSEC Chairman Paul Atkins addressed the Senate Appropriations Subcommittee on Tuesday, June 3. Discussing crypto regulation, Atkins said: “policymaking will be done through notice and comment rulemaking not through regulation-by-enforcement.”He confirmed that the SEC’s crypto task force has held roundtables to discuss crypto trading, custody and tokenization.
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