The global market capitalization of tokenized stocks rose to a record $2.3 billion on Wednesday, as more investors sought exposure to blockchain-based …
Cap
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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 …
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South Korean memory chip maker SK Hynix has pulled off something only one other domestic company has ever managed. Its market capitalisation …
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The UK’s Financial Conduct Authority (FCA) has proposed allowing authorized investment funds to allocate up to 10% of their assets to crypto …
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Regulation
Crypto-Backed Super PACs in Focus as Lawmakers Push $5,000 Donation Cap
by shayaanby shayaanThe Abolish Super PACs Act, introduced in the House and Senate, would cap individual super PAC donations at $5,000 amid growing concerns …