Stablecoins
Why Bitcoin Topped $50K for First Time in 3 Months
Bitcoin is again trading above the $50,000 price tag, hitting the key psychological mark for the first time in over three months. Rachel Lin, CEO of DeFi derivatives platform SynFutures, discusses the potential factors driving the surge. Plus, her take on institutional demand for stablecoins and insights into the Asian crypto markets.
Mastercard Partners With Paxos to Simplify Payments Card Offerings for Cryptocurrency Firms
Mastercard’s Raj Dhamodharan and Paxos’ Walter Hessert discuss their partnership enabling more banks and crypto companies to offer card programs, helping crypto holders spend their digital assets anywhere Mastercard is accepted.
Messari CEO Ryan Selkis on Bitcoin, Stablecoins and Crypto Regulation
Bitcoin is down about 1.3% over the past 24 hours. The next support is seen at the $42,000 breakout level, which could stabilize the pullback. Messari Founder and CEO Ryan Selkis discusses his positive analysis and outlook for bitcoin, explaining why he’s a “perma-bull.”
Crypto Trading Startup FalconX Achieves Unicorn Status With Latest Raise
FalconX, an institutionally minded cryptocurrency trading desk, reached unicorn status with a $210 million Series C funding round that valued the firm at $3.75 billion.
What’s Behind Bitcoin’s Price Movement?
CoinDesk Director of Data and Indexes Galen Moore discusses the impact of whale movements, signals, and behaviors in the bitcoin market as BTC is now up over 59% year to date. Plus, his reading of trading activity in stablecoin tether and outlook for crypto regulation.
USDC Builder Circle Wants to Become a ‘Full-Reserve National Commercial Bank’
“The Hash” hosts discuss the industry implications for Jeremy Allaire’s Circle, a neo-bank and stablecoin USDC issuer, intending to become “a full-reserve national commercial bank.” “This is an ambitious plan, but the idea of having an FDIC-insured digital asset bank would be very notable for the sector,” host Zack Seward said.
Huobi-Branded HUSD Reveals Breakdown of Reserves: All Held in Cash
The reserves backing Huobi’s HUSD, the eighth-largest stablecoin by market cap, are revealed to be all held in cash in money market accounts in the U.S. This comes as stablecoin issuers have followed each other in increasing transparency.
Breaking Down the Market Reaction to Gensler’s Crypto Remarks
Sam Trabucco, co-CEO of quantitative trading firm Alameda Research, breaks down the crypto market activity following SEC Chair Gary Gensler’s remarks at the Aspen Security Forum. Plus, his take on what people are getting wrong about stablecoin tether (USDT).
EY Exec.: Gensler’s Aspen Speech a ‘Bullish Signal’ for DeFi
Paul Brody, Global Blockchain Leader at Ernst & Young, responded to SEC Chair Gary Gensler’s speech at the Aspen Security Forum, saying it signals bullish momentum for DeFi on the blockchain ecosystem. Plus, his take on the future of stablecoins, digital dollar, and crypto regulation.
