Stablecoin
Stripe Bets Big on Stablecoins with Bridge Buy; Ripple's Larsen Leads Harris Crypto Donations
Bitcoin price falling back after failing to breach $70,000 and broker Bernstein explains why Stripe's acquisition of Bridge is a major nod to stablecoin usage. Plus, Ripple co-founder Chris Larsen leads crypto donations for Kamala Harris' campaign. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
Uptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions
Stablecoin market capitalization has jumped to $169 billion led by USDT and USDC. Plus, on-chain analytics firm Santiment reported a bump in whale transactions on the Bitcoin network. Could stablecoin liquidity and rising transaction volume be the catalyst for bitcoin's next price surge? CoinDesk's Christine Lee presents the "Chart of the Day."
Open Interest in XRP Jumps to Over $1B; Bitcoin Mining Profitability Fell Again in September: JPMorgan
"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as open interest in XRP tokens have surged in the past few days amid the hype around Ripple Labs' forthcoming stablecoin RLUSD. Plus, a reorganization plan for bankrupt crypto exchange FTX has gained support from 94% of so-called FTX Dotcom customers and a JPMorgan report shows that bitcoin mining profitability fell for the third straight month.
La stablecoin Ripple USD potrebbe essere emessa in "settimane, non mesi": Garlinghouse
L'RLUSD sarà interamente sostenuto da asset in dollari USA, testato con partner aziendali e opererà sulla blockchain XRP Ledger e Ethereum .
SEC’s Case Against Kraken Going to Trial; PayPal's PYUSD Tops $1B Market Cap
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a California judge ruled that the SEC's lawsuit against Kraken will proceed to trial. Plus, Celsius' bankruptcy administrator paid out over $2.5 billion to creditors, and PayPal's stablecoin, PYUSD surpassed $1 billion in market cap.
Bitcoin Price May Slide Lower on $1B Withdrawal of USDT: IntoTheBlock
IntoTheBlock noted that more than $1 billion of Tether's USDT stablecoin was withdrawn from crypto exchanges on Tuesday, the most in a day since May. According to the analytics firm, previous cases where withdrawals exceeded $1 billion soon led to a downtrend in bitcoin. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Bitcoin Above $60K as Key Stablecoin Metric Slides to 18-Month Low
Bitcoin recovered to above $60,000 after the debacle last week that saw prices drop below $50,000. According to data tracked by CryptoQuant, the "exchange stablecoins ratio," which measures the number of bitcoin held in wallets tied to centralized exchanges relative to stablecoins, dropped to its lowest since February 2023, an indication of reduced selling pressure. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Celsius Filed for Tether to Relinquish $3.3B of Bitcoin; Ripple Began Stablecoin Testing
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as bankrupt crypto lender Celsius asked a U.S. court to order stablecoin issuer Tether to relinquish more than 57,000 bitcoin. Plus, Tigran Gambaryan's family alleges that the Binance executive is being denied adequate access to his lawyers, and Ripple's new stablecoin is being tested on Ethereum and XRP Ledger.
Il gigante del trading State Street riflette sulla creazione di stablecoin e depositi tokenizzati: Bloomberg
I pesi massimi della finanza tradizionale sono sempre più coinvolti negli sforzi di tokenizzazione, inserendo asset finanziari nei binari della blockchain per ottenere vantaggi operativi.
What Wall Street's Pivot to Small-Cap Stocks Means for Crypto; Hong Kong Plans for Stablecoin Legislation
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, including insights from Marex Solutions on whether Wall Street’s pivot to shares in small-cap companies could fuel gains in the crypto market. Plus, the launch of spot ether ETFs in the US, and Hong Kong's plans for stablecoin legislation.