Economist Warns Stablecoins Pose Systemic Risk to 2024 Financial Stability
Economist Mark Zandi warns stablecoins like USDT and USDC pose systemic risks, with $150 billion market cap threatening financial stability in 2024.
Somnia blockchain achieves 100,000 TPS, integrating Ethereum and Bitcoin for 2024 scalability.
Somnia blockchain processes 100,000 TPS, integrates with Ethereum and Bitcoin, and supports NFTs and metaverse applications with low latency.
Cardano ADA rises 5% amid recovery signals and increased network activity in Q3 2023
Cardano ADA trades at $0.45, up 5% today. Charles Hoskinson’s blockchain shows recovery signs with 3.5 million active wallets.
El Salvador launches Bitcoin Histórico in November with $1 billion BTC bond allocation
El Salvador launches Bitcoin Histórico in November 2024, allocating $1 billion to BTC bonds and infrastructure, aiming to boost economic growth and adoption.
Bitcoin buy signal emerges at $60k, mirroring $49k and $74k historical bottoms in 2024.
Bitcoin shows a buy signal last observed at $49k and $74k lows, with BTC trading at $60,000 and RSI indicating oversold conditions.
Bitcoin correction deepens with 9% supply at loss, signaling further downside before recovery phase
Bitcoin faces deeper correction with only 9% of supply at loss, as BTC and Ethereum show resilience amid market volatility and regulatory uncertainty.
Solana SOL reaches $140 amid ETF speculation and 5% weekly gain
Solana SOL trades at $140, up 5% this week. Analysts from JPMorgan and Coinbase cite ETF speculation and network activity growth as key factors.
SEC and CFTC backing drives 40% surge in spot crypto trading in Q1 2024
Spot crypto trading surged 40% in Q1 2024 with SEC and CFTC endorsements, boosting Bitcoin and Ethereum market activity.
Bitcoin derivatives traders target upside amid September risks with $10 billion open interest
Bitcoin derivatives traders anticipate price gains in September despite historical volatility, with BTC futures open interest exceeding $10 billion and funding rates positive.
Figure Technologies targets $4.13 billion valuation in Nasdaq IPO under Mike Cagney
Figure Technologies, led by Mike Cagney, seeks a $4.13 billion valuation in its Nasdaq IPO, targeting expansion in blockchain and lending services.
