This week, the market value of fiat-pegged cryptocurrencies has reached $160 billion, a level last seen in May 2022 before the Terra’s UST crisis, when it lost its $1 parity on May 9, 2022. Over the last month, there has been a notable uptick in the supply of various stablecoins, led by Ethena’s USDE, which saw an increase of approximately …
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Swiss bitcoin enthusiasts are campaigning for the inclusion of the cryptocurrency in the Swiss National Bank‘s (SNB) reserves. An advocacy group is actively working to persuade SNB officials, with plans to discuss the proposal at an SNB committee meeting on April 26, according to a report by the Swiss newspaper Neue Zürcher Zeitung. Yves Bennaïm, a board member of Bitcoin …
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On Monday, interest rate futures fully anticipated a quarter-point rate cut by the Bank of England (BoE) for their August meeting, with expectations set for two rate cuts by the year’s end. This marks a shift from last week’s more cautious projections. As of 0745 GMT, the futures indicated a 25 basis point cut by August 1 and a total …
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Shiba Inu, the team behind the widely recognized memecoin, has successfully raised $12 million through the sale of its yet-to-be-released token, TREAT, to non-U.S. venture capital investors. The funding round attracted investors such as Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital, and Comma 3 Ventures, according to Shiba …
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German financial regulator BaFin has imposed a fine of 1.45 million euros ($1.55 million) on Commerzbank for failing to adhere to anti-money laundering regulations, it announced on Monday. The fine relates to violations involving both Commerzbank AG and the former comdirect Bank AG, with Commerzbank AG now being the universal successor. “Commerzbank AG and the former comdirect Bank AG, of …
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