Powell says stablecoins are a ‘form of money’ that central banks should supervise
Powell says stablecoins are a ‘form of money’ that central banks should supervisePowell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins.
Happy Wednesday!The global crypto market cap is $1.18 trillion, with a 24-hour volume of $63.03 billion. The price of Bitcoin is $30,540.36, and BTC market dominance is 50.1%. The price of Ethereum is $1,888.89, and ETH market dominance is 19.2%. The best-performing sector is eCommerce, which gained 76%. The Crypto Fear & Greed Index is currently Greed (59). Top News
Powell says stablecoins are a ‘form of money’ that central banks should supervisePowell said the "ultimate source of credibility in money is the central bank" and the Fed should have a "robust federal role" in determining the future of any form of money, including stablecoins. WisdomTree submits new filing for spot Bitcoin ETFThe company's latest filing follows an ETF application from BlackRock. Bitcoin price briefly pumps to $138,000 on Binance.US amid exchange’s liquidity crisisBinance.US's legal woes have led to a liquidity crunch as traders and market makers flee the exchange. Will NEAR become the Blockchain Operating System of web3?NEAR's Blockchain Operating System aims to simplify web3, transforming blockchain interaction. Latest Insights
More NewsBitcoin back above $28k; commands 49% of market share as altcoins struggleBitcoin briefly regained 50% market share today as investors continue to pull out of altcoins. Avalanche’s Core app launches AI chatbotAvaGPT is an AI-powered chatbot simplifying Avalanche blockchain queries and enhancing the Core app experience. Uniswap founder calls US’ approach to regulating crypto ‘sad and unfortunate’Hayden Adams said that many countries in the world are taking steps to "study DeFi and understand it" but the U.S. is mostly using it for "political grandstanding, unfortunately." Bitcoin Cash jumps 21% following EDX Markets listingBitcoin Cash breaks out of its macro downtrend following its listing on the legacy-backed institutional trading platform. BIS says crypto is a ‘flawed system’ but tokenization could underpin future financial systemAccording to the BIS, crypto inherently lacks the trust that money needs — which only central banks can provide.
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An institutional crypto exchange backed by Fidelity, Schwab, and Citadel launches today
Tuesday, June 20, 2023
EDX supports spot trading activities for only four cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.
Binance.US and SEC told to reach compromise on restraining order
Tuesday, June 20, 2023
Binance.US and BAM could escape an asset freeze and partial retain control over funds.
Liquidations reach almost $130M as Bitcoin drops below crucial $25k level
Tuesday, June 20, 2023
Bitcoin saw massive liquidations over the past four hours.
Prometheum, a SEC-registered broker-dealer, sets Twitter ablaze with speculation: here’s what you need to know
Tuesday, June 20, 2023
Questions and speculations are abound around Prometheum, while some allege the firm has ties to the Chinese Communist Party.
Bitwise refiles for Bitcoin spot ETF following BlackRock
Tuesday, June 20, 2023
Bitwise's last ETF application and proposed rule change was rejected in July 2022.
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