Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.
Lloyds Banking Group has completed live settlement payments with Visa using the dollar-pegged stablecoin USDC, in a move that highlights the potential for stablecoins in inter-institution settlement. The funds arrived within an hour even on weekends.According to the digital-asset industry on October…
Lloyds and Visa completed a seven-day live pilot using stablecoins to settle $750,000 of payment obligations, in what Lloyds described as the first stablecoin settlement trial between Visa and a major UK banking group.Lloyds purchased USDC through UK-regulated digital asset exchange Archax for the s…
Base's third mainnet upgrade, Cobalt, went live on Wednesday, designed to give traders greater control with Validity Transactions and add new functionality to its B20 token standard.Validity Transactions enable users to submit time-bound transactions that remain dormant until certain conditions are …
By Jonatan Randin, Senior Market Analyst at PrimeXBTIn mid September the setup looked bad for Bitcoin. The CLARITY Act failed in the Senate on 15 September and the Fed hiked to 3.75 to 4.00% the next day. Bitcoin (BTC) briefly traded under $75,000. A week later it was above $87,000.Then the bond mar…
Bitget said about $387.5 million in cryptocurrency was transferred to attacker-controlled addresses during a security breach, raising its estimate of the theft as the exchange works to trace and recover the assets.The crypto exchange initially estimated that $351.6 million was affected by the Sept. …
Circle’s website shows that USDC issued about 11.4 billion tokens and redeemed about 9.9 billion in the week ending September 24 local time, leaving circulating supply up by about 1.5 billion tokens. According to Foresight News, USDC circulation stood at about 75.2 billion tokens as of September 24 …
Visa released the results of a survey signaling that bank-level fraud protection and insurance could drive adoption in stablecoins for cross-border transactions among US users.In a survey of 2,192 US-based customers published on Wednesday, Visa said that the “adoption intention” of stablecoins among…
The price of Bitcoin and other cryptocurrencies strengthened heading into the weekend after a volatile week dominated by an interest rate hike from the U.S. Federal ReserveOn the afternoon of Sept. 18, Bitcoin was up 6% and trading at $80,850 U.S. The largest cryptocurrency had been trading near $7…
The crypto market is closing the week on a high note, with assets jumping across the board as federal agencies continue to innovate through regulation after the Clarity Act hit a roadblock in the Senate.Bitcoin's price reclaimed the $80,000 level on Friday morning, jumping more than 5%. The apex cry…
Across Protocol has announced that all $ACX tokens will be deprecated, losing all governance, utility, and economic function. The equity and USDC exchange options close on the same day as the deprecation, and no guaranteed rate is available afterward.Once the windows close, unexchanged ACX holders f…
Anchorage Digital Bank, the first federally chartered crypto bank in the US, has added custody support for Etherlink and seven assets on the Tezos layer-2 network, including xU3O8, a token representing physical uranium.The other supported assets include wrapped XTZ (WXTZ), liquid staking token stXTZ…
Ellipsis Labs enabled SOL as collateral on Phoenix, allowing traders to margin positions with SOL (weighted at 80%) alongside USDC. P&L continues to settle in USDC; SOL may be sold only to cover USDC shortfalls during risk events.Material Details#DetailAI Analyst View1SOL enabled as collateralExpand…