UAE-regulated stablecoins to develop AED-USD conversion rails for institutional settlement
The framework will enable near-instant conversion between dirham- and dollar-denominated stablecoins under the United Arab Emirates’s regulated payment token system.
Trump-linked American Bitcoin reports $82M Q1 loss, revenue miss
Donald Trump’s sons’ company, American Bitcoin, missed analyst revenue estimates and posted narrower losses as it ramped up its mining capacity.
Samourai Wallet co-founder appeals for donations to pay $2M legal fees
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill were sentenced to five and four years in prison, respectively, for their involvement in the crypto protocol.
Stablecoin adoption to scale on back of ‘very large’ tech firms: Bitwise
Bitwise investment chief Matt Hougan says projections tipping stablecoins to hit $4 trillion in value by 2030 could happen if major tech firms continue to adopt them.
Aave liquidates Kelp DAO hacker’s rsETH positions on Ethereum, Arbitrum
Galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO hack.
JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger
The cross-border tokenized US Treasury transaction using blockchain and banking rails builds on an earlier pilot in which the same fund moved between a public and permissioned blockchain.
Three reasons why Ether price rallies fizzle near $2.4K
Ether rallies are abruptly capped at $2,400 and multiple data points suggest this pattern will remain in play for the foreseeable future.
US Senator says crypto market structure vote could happen by August
Kirsten Gillibrand said that the US Senate had to address lawmakers potentially getting “rich off of these industries because of their insider status“ before any vote on the CLARITY Act.
Bitcoin market dominance moves above 61%: Will altcoins follow?
Bitcoin’s market dominance climbed above 61% as BTC led crypto market flows. Data also showed Binance-listed altcoins’ share of volume hitting 49% in March.
Crypto-backed Republican candidate wins Indiana congressional primary
Representative James Baird won the Republican primary for Indiana’s 4th district on Tuesday after receiving an endorsement from Donald Trump and supportive spending from a crypto-backed PAC.