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Ethereum founder Vitalik Buterin has been selling ETH in the last few days as the second-largest crypto asset continues its fall.
Another prominent crypto firm has secured a bank charter from the OCC, with Crypto.com joining Circle, Ripple, and others.
IQMM's historic first-day launch underscores how traditional cash funds are adapting to compete in a stablecoin-driven landscape following the passage of the GENIUS Act.
Crypto has been nearly perfectly correlated with a key software sector ETF, and that gauge has tumbled another 5% Monday to a new 52-week low.
USD1 briefly fell to about $0.99707 on Monday morning, a drop that typically would not be considered a stablecoin depeg.
The company’s native token, WLFI, also fell 7% around the same time that its stablecoin, USD1, briefly fell below a dollar peg.
XRP has formed a classic bearish pattern on its two-day chart, and if confirmed, a price drop to $0.80 could be in the cards over the next few weeks.
The Bitcoin-buying firm started buying BTC in August 2020, amassing about $47 billion worth at the current price.
While Coinbase and others await decision on their applications, the federal banks regulator has already signaled friendliness to crypto companies through several conditional approvals.
Pacific Backbone initiative will develop a high-speed, low-latency network connecting Seoul, Tokyo, Singapore, and Hong Kong.
The USD1 token briefly fell to $0.994, some 0.6% below its $1 peg, CoinGecko data shows.
Digital asset investment products saw weekly outflows of $288 million last week, with the U.S. selling as Europe bought the dips.
