JPMorgan analysts have suggested that the rapid increase in stablecoin transaction volume may not translate into a proportional rise in their overall market capitalization. The core factor influencing this outlook is the concept of “velocity,” which refers to the frequency…
A recent investigation by Reuters has brought to light significant connections between Nobitex, a prominent cryptocurrency exchange in Iran, and a family deeply embedded within the country’s political elite. The founders of Nobitex have been identified as Ali and Mohammad…
The Ethereum Foundation has recently executed significant over-the-counter (OTC) sales of its Ether (ETH) holdings, offloading a total of 20,000 ETH worth approximately $47 million to Tom Lee’s Bitmine Immersion Technologies within a single week. The first transaction involved 10,000…
CoinShares, a prominent global crypto asset manager, has reported its first annual financial results following its listing on the Nasdaq. The company announced total revenues of over $165.7 million for the fiscal year 2025. This filing follows CoinShares’ recent merger…
Lawmakers have reached an agreement on a critical stablecoin yield provision within the Clarity Act, a development that could unblock the long-delayed legislative process in the U.S. Senate. This compromise, finalized by Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.),…
WisdomTree has reported substantial net inflows into its cryptocurrency exchange-traded products (ETPs) during the first quarter, signaling a renewed investor interest in digital asset-backed financial instruments. The firm’s total assets under management (AUM) across all its products reached $152.6 billion,…
Crypto infrastructure provider Fun has secured $72 million in a Series A funding round, co-led by Multicoin Capital and SignalFire. This capital infusion is earmarked for strategic expansion, including the establishment of a new office in Singapore and potential mergers…
Tether Reports Substantial Q1 Profit, Bolstering Reserves Amidst Evolving Regulatory Landscape Stablecoin issuer Tether has announced a first-quarter net profit of $1.04 billion, a significant figure that has propelled its excess reserves to a record high of $8.23 billion as…
Crypto payments company MoonPay has introduced a new stablecoin debit card, dubbed “MoonAgents Card,” which facilitates direct spending from onchain wallets for both artificial intelligence (AI) agents and human users. This virtual Mastercard debit card operates by converting stablecoins to…
Brazil’s central bank has implemented a new directive that prohibits the utilization of cryptocurrencies within regulated cross-border payment frameworks. This regulatory adjustment is part of a larger initiative by the Brazilian authorities to integrate international financial transactions more comprehensively into…