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Kevin Hassett, a top contender for Federal Reserve chair under President Trump, proposed $2,000 tariff rebate checks in 2026, citing robust tariff revenues that avoid stagflation. This idea ties into the administration’s debt reduction efforts and trade policies, offering potential relief amid ongoing inflation concerns. Tariff revenues are surging without triggering stagflation, enabling direct payments […]
Circle has launched its tokenized money-market fund USYC on BNB Chain, enabling developers to integrate yield-accruing collateral directly into DeFi protocols. This move provides regulated, daily-yield assets redeemable in USDC, following BlackRock’s $2.9 billion BUIDL fund expansion to the network. Circle launches USYC on BNB Chain for seamless DeFi integration and on-chain yield opportunities. USYC […]
Quantum computers pose a significant threat to Bitcoin and Ethereum cryptography, potentially breaking elliptic curve encryption as early as 2028, according to Ethereum co-founder Vitalik Buterin. Developers must prepare by upgrading to post-quantum algorithms to safeguard wallets and transactions from Shor’s algorithm attacks. Vitalik Buterin warns elliptic curves securing major blockchains will fail against quantum […]
The U.S. government reopening is poised to accelerate crypto ETFs development, with Bitwise CIO Matt Hougan predicting over 100 new launches as investor demand shifts toward diversified index products amid Bitcoin’s recent volatility below $90,000. Bitwise CIO Matt Hougan forecasts more than 100 new crypto ETFs following U.S. legislative progress and rising interest in index-based […]
Mass adoption of Russia’s digital ruble is unlikely among ordinary citizens due to its lack of interest accrual, making it less profitable than traditional bank deposits, according to Bank of Russia officials. The CBDC will primarily benefit the state and economy through efficient tracking of transactions. Digital ruble offers no interest on holdings, similar to […]
Kraken, the global cryptocurrency exchange, has confidentially filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) to pursue an initial public offering (IPO) of its common stock. This step initiates the process for Payward, Inc., Kraken’s parent company, to go public, though details like share numbers and pricing […]
The U.S. Senate Banking Committee has advanced Travis Hill’s nomination to lead the FDIC by a 13-11 vote, highlighting his pro-crypto stance that could ease regulations for banks engaging in digital asset activities while addressing internal agency challenges. Travis Hill’s pro-crypto leadership at FDIC promotes innovation in banking by rolling back restrictive guidance on digital […]
Bitcoin has crashed to $88,000 amid a massive $560 million in crypto liquidations over the past 24 hours, triggered by heavy selling pressure and leveraged positions unwinding across major exchanges. This downturn has affected Bitcoin, Ethereum, and key altcoins, pushing the market into oversold territory and heightening volatility. Bitcoin’s sharp decline to $88,675 reflects a […]
DeFi technology could save up to $30 billion annually by reducing remittance costs for unbanked individuals worldwide, according to the DeFi Education Fund. This reduction, potentially up to 80%, leverages blockchain to eliminate intermediaries and lower fees on international money transfers. DeFi targets high remittance fees that burden low-income workers sending money home. By removing […]