South Korea’s Financial Services Commission (FSC) is set to submit a government proposal for the Basic Digital Asset Act in early September, …
Cap
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Finance
J.P. Morgan Reports JLTXX Tokenized Money Market Fund’s Market Cap Surge
by shayaanby shayaanJ.P. Morgan’s JLTXX tokenized money market fund recently recorded the largest increase in market cap among tokenized U.S. Treasury funds over the …
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Markets
Russia’s parliament passes crypto market law with $3,800 annual cap for retail investors
by shayaanby shayaanWhile citizens still cannot use Bitcoin to buy groceries, the Kremlin is officially letting companies use digital tokens to bypass sanctions and …
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The global market capitalization of tokenized stocks rose to a record $2.3 billion on Wednesday, as more investors sought exposure to blockchain-based …
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DeFi
Cap ‘stabledrop’ U-turn sees cUSD drop $23M, founder denies self dealing claims
by shayaanby shayaanCap Labs, issuer of cUSD, is in damage control mode following an unpopular u-turn on its long-anticipated “stabledrop” program. Announced on Friday, …
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Markets
Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic
by shayaanby shayaanThe market shrank by $7.7 billion in June alone, the largest dollar amount since May 2022’s Terra-Luna crash, but stablecoins will likely …
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Finance
Total Stablecoin Cap Falls $1.9 Billion This Week While Sky Dollar Leads the Slide
by shayaanby shayaanThe total stablecoin market cap sits at $311.311 billion, down 0.61% over the past seven days, a drop of $1.911 billion, according …
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Markets
Tether Briefly Overtakes Ethereum As Stablecoin Market Cap Tops ETH During Sell-Off
by shayaanby shayaanTether briefly overtook Ethereum by market capitalization on June 26, according to the validated discovery pack, as ETH sold off into the …
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Regulation
Bank of England eases stablecoin rules, introduces 40-billion-pound issuance cap
by shayaanby shayaanThe Bank of England (BoE) published a policy statement and draft rules for systemic stablecoins on Monday, outlining how regulated pound-backed stablecoins …
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The Bank of England has softened its proposed framework for systemic sterling stablecoins, dropping individual holding limits and replacing them with a …