Aptos price surges as stablecoin supply nears all-time
Aptos price rose to highs of $5.07 as trading volume jumped 189% to over $643 million. Data shows Aptos stablecoin supply nearing $1.2 billion. Aptos Labs and Jump Crypto have introduced Shelby, a decentralized storage protocol, enhancing Aptos’ appeal for web3 applications. The Aptos blockchain, a leading Layer-1 platform, has seen its native token, APT, […]
Chainlink price jumps 11% amid major Mastercard partnership
Chainlink and Mastercard are collaborating to enable over 3 billion cardholders to buy crypto onchain LINK rose 11% amid the Mastercard partnership and broader crypto optimism Chainlink’s growth in the tokenised assets market continues. Chainlink’s native token, LINK, soared 11% today, buoyed by a groundbreaking partnership with Mastercard. While gains mirrored broader crypto market upside, […]
Russian crypto CEO charged in $530M laundering scheme tied to US sanctions
Evita Pay used USDT to funnel cross-border payments. Clients included Sberbank, VTB Bank, Sovcombank, and Rosatom. 22-count indictment includes money laundering, wire fraud. In a sweeping indictment that highlights growing enforcement around sanctions evasion and crypto misuse, US federal prosecutors have charged Russian national Iurii Gugnin with running a sophisticated cross-border fraud and money laundering […]
Circle raises $1.1 billion in upsized IPO, prices shares at $31
Circle Internet Group Inc., a prominent player in the stablecoin arena, successfully navigated its initial public offering (IPO), raising nearly $1.1 billion in an upsized deal that saw shares priced above the initially marketed range. This strong market reception is being interpreted as a significant indicator of the increasing acceptance and perceived legitimacy of stablecoin […]
Ripple raises offer for Circle as stablecoin race intensifies
The deal would give Ripple control over USDC’s $61 billion market cap. The proposed $11 billion valuation would make it one of the largest transactions in crypto history. Coinbase may also enter the race with $8 billion in cash reserves. Ripple is believed to have increased its offer to acquire Circle, the company behind the […]
Crypto policies may dominate South Korea’s 2025 election agenda as 15M investors eye reforms
South Korea’s election is scheduled for 3 June. Candidates propose legalising Bitcoin and crypto ETFs. Lee Jae-myung of the Democratic Party and Kim Moon-soo from the People Power Party are leading with pro-crypto proposals. With over 15 million digital asset investors—nearly a third of the country’s population—crypto has emerged as a decisive issue in the […]
What the 10-year Treasury yield means for crypto yields and stablecoins
Understanding the 10-year Treasury yield: Definition and importance The 10-year Treasury yield is the interest rate that the US government pays to borrow money for 10 years. When the government needs cash, it issues bonds called Treasury notes, and the 10-year note is one of the most watched. The “yield” is the annual return you’d […]
Crypto news today: Stablecoin bill stalls as democrats raise concerns about Trump’s personal crypto interests
Senate Democrats, led by Sen. Gallego, signaled opposition to advancing the current stablecoin (GENIUS Act) bill. Concerns stem from President Trump’s increasing personal financial ties to crypto ventures (memecoin, family-linked stablecoin). The legislative stall threatens not only the stablecoin bill but also progress on broader crypto market structure rules. The path forward for landmark stablecoin […]
Stablecoin market set to top $1.6 trillion by 2030, Citigroup forecasts
Base-case estimate places supply at $1.6T; bullish at $3.7T. Active stablecoin wallets rose 53% year-on-year. Traditional banks lobby to restrict stablecoin issuers. The global stablecoin market is on track for a seismic expansion, with Citigroup projecting the total market capitalisation to exceed $2 trillion by the end of this decade. In a report published on […]
Gold-backed vs USD-backed stablecoins: Key differences
What are gold-backed stablecoins, and how do they work? Gold-backed stablecoins are digital currencies pegged to physical gold reserves and designed to maintain a stable value. The concept of gold-backed digital currencies dates back to the early days of cryptocurrency, with developers aiming to create a reliable store of value. Each gold-backed stablecoin represents a […]