The dollar index (DXY), a measure of the U.S. dollar’s strength against a basket of major global currencies, dropped below 98 for …
Dollar
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Analysis
Morgan Stanley Predicts New All-Time Highs for S&P 500 Amid Weaker US Dollar, Better Earnings Revisions, Incoming Fed Rate Cuts and More
by shayaanby shayaanInvestment banking giant Morgan Stanley believes the S&P 500 will not revisit its April lows and instead rally to new all-time highs …
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Adoption
Coinbase CEO fears Bitcoin replaces dollar if US debt grows as Elon Musk calls for firing of 215 Republicans
by shayaanby shayaanBrian Armstrong, the CEO of Coinbase, issued a stark warning this week: if U.S. lawmakers don’t get the national debt under control, …
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Bank of America has warned that the U.S. dollar could be in for a rough summer, having already dropped sharply this year. …
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Finance
Stablecoins Boost Treasury Bill Demand, Reflect Dollar Dominance, Citi Says
by shayaanby shayaanStablecoins are playing an increasingly important role in both crypto markets and traditional finance, according to a Friday report by Wall Street …
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DeFi
Clearpool Launches Ozean Campaign Featuring Falcon Finance’s Synthetic Dollar Model
by shayaanby shayaanFalcon’s sUSDf offers 10.19% yield plus Droplets in Clearpool’s Ozean Pre-Deposit Campaign. USDf supply surpasses $350M after rapid growth across Ethereum and …
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Finance
Peter Schiff Warns Trump’s ‘Big, Beautiful Bill’ Will Trigger Economic Collapse, Obliterate the Dollar
by shayaanby shayaanPeter Schiff torches Trump’s Big, Beautiful Bill as economic suicide, warning it will obliterate the dollar, supercharge deficits, and devastate the U.S. …
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During a Friday appearance on CNBC, Tether CEO Paolo Ardoino stated that USDT is the stronghold for the US dollar hegemony. “We …
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Finance
US dollar extends decline as Bitcoin breaks $111,000 for the first time, ETFs pull in $609M
by shayaanby shayaanThe US dollar lost more ground on Thursday, falling against a wide range of currencies, as Bitcoin crossed $111,000 for the first …
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DeFi
Global Dollar USDG Eyes Hundreds of Partners Attracted by Yield, Sees ‘Big Names’ From TradFi
by shayaanby shayaanIt’s early days for the global dollar (USDG), a stablecoin that debuted in November, but a thousand firms could join the group …