Crypto wallet provider Exodus (EXOD) is entering the stablecoin market with the launch of a fully reserved, USD-backed stablecoin in partnership with fintech firm MoonPay. MoonPay will issue and manage the stablecoin, with support from stablecoin infrastructure provider M0. The token is expected to go live in January 2026, with network and product details to…
U.S. Senator Elizabeth Warren has asked for another U.S. national-security probe into a corner of the crypto sector, specifying concerns with PancakeSwap, a decentralized exchange she flagged as trying to amplify coins issued by President Donald Trump-connected World Liberty Financial Inc. She said the exchange, which operates across several blockchains and is a major protocol…
BNB extended gains over the past 24 hours, rising nearly 2.5% to trade at $872 amid a broader cryptocurrency market recovery that saw the CoinDesk 20 (CD20) index rise 1.4% in the same period. The token outperformed most major cryptocurrencies during the session, holding firm above the $850 support level as volatility weighed on the…
The U.S. Federal Deposit Insurance Corp. has rolled out the first official rule proposal stemming from the new law governing stablecoin issuers, with its board voting Tuesday to open a 60-day public comment period on its system for handling applications from its regulated banks looking to issue stablecoins from subsidiaries. The agency — led by…
The Court of Auditors of the State of São Paulo will hold Brazil’s first public auction in which every document is recorded on a blockchain in an effort to reduce legal disputes and raise the standard of transparency in public auctions. Ten warehouses will be sold off, and every piece of documentation involved in the…
The U.S. labor market appears to have continued to soften in recent months as the government caught up to reports that had been delayed due to the shutdown in D.C. Nonfarm payrolls rose by 64,000 in November, according to a Tuesday morning report from the Bureau of Labor Statistics. Economist estimates had been for jobs…
By Omkar Godbole (All times ET unless indicated otherwise) Crypto traders, brace for potential volatility because the pivotal U.S. nonfarm payroll report for November is set to be released later today alongside October retail sales. The employment data will offer further insight into the extent of cooling in the U.S. labor market, shaping expectations for the Fed’s rate-cutting trajectory….
Kindly MD (NAKA), a health-care and bitcoin treasury company company, faces being delisted from the Nasdaq exchange after its share price failed to meet minimum listing requirements. The stock has closed below $1 for 30 consecutive trading days, and the company has until June 8 to lift it above that level for 10 straight days…
The cryptocurrency market is flashing deep bearish signals as the year-end approaches. As of writing, data from TradingView showed that 75 of the top 100 coins by market value traded below both their 50-day and 200-day simple moving averages (SMAs), indicating across-the-board weakness in the digital asset market. This indicates capital flight from the crypto…
Solana users could soon swap Singapore dollars (SGD) for U.S. dollars (USD) instantly online, marking the popular high speed blockchain’s first access to digital tokens tied to one of the premier Asian currencies. That’s because, crypto infrastructure firm StraitX said Tuesday, that it’s planning to launch its Singapore dollar stablecoin XSGD and U.S. dollar stablecoin…
