GENIUS Act blocks Big Tech, banks from dominating stablecoins: Circle exec

GENIUS Act blocks Big Tech, banks from dominating stablecoins: Circle exec

Circle’s Dante Disparte says the GENIUS Act ensures tech giants and banks can’t dominate the stablecoin market without facing strict structural and regulatory hurdles. The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. “The GENIUS Act…

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36% of Gen Z spend crypto on daily purchases, Gen X leads high-value spending

36% of Gen Z spend crypto on daily purchases, Gen X leads high-value spending

Gaming, daily purchases, and travel bookings emerge as the leading categories where Gen Z users strongly prefer cryptocurrency. Cryptocurrency payments are gaining prominence among numerous user cohorts for daily transactions and even high-value payments, signaling that digital assets are evolving beyond speculative tools. Gen Z users stand out in terms of daily transactions, with 36%…

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Bitcoin BIP proposes quantum-resistant upgrade by 2030

Bitcoin BIP proposes quantum-resistant upgrade by 2030

New BIP proposes phasing out legacy Bitcoin signature schemes to prevent catastrophic losses if quantum computers break existing cryptography. A new Bitcoin Improvement Proposal (BIP) aims to tackle the threat posed by quantum computers by phasing out Bitcoin’s legacy signature schemes, which can be vulnerable to quantum attacks, in favor of quantum-resistant alternatives. The proposal,…

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James Wynn returns with M leveraged Bitcoin long, 0K PEPE bet

James Wynn returns with $19M leveraged Bitcoin long, $100K PEPE bet

Wynn previously claimed that his leveraged positions were deliberately “hunted” by crypto market makers looking to sink Bitcoin’s price below his liquidation threshold. Multimillionaire cryptocurrency trader James Wynn returned despite numerous previous liquidations, signaling renewed confidence in Bitcoin’s near-term upside momentum. Wynn returned with two new leveraged positions, including a 40x leveraged Bitcoin (BTC) long…

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Ethereum investors pile into ETH amid massive weekly surge

Ethereum investors pile into ETH amid massive weekly surge

Ethereum treasury companies accumulated more than 545,000 ETH over the past month, while institutional funds saw the fourth-highest weekly inflow on record. The top Ethereum treasury companies scooped up at least $1.6 billion worth of Ether in the past month, while institutional buying surged over the past week as Ether rallied.  Corporate Ether (ETH) treasury…

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Crypto funds post .7B inflows as Bitcoin soars to new highs

Crypto funds post $3.7B inflows as Bitcoin soars to new highs

Crypto ETPs experienced another week of strong inflows, with investors pouring in $3.7 billion and total assets reaching a new all-time high of $211 billion. Cryptocurrency investment products experienced strong inflows during the last trading week, amid Bitcoin surging to historic highs of $118,000. Global crypto exchange-traded products (ETPs) recorded $3.7 billion of inflows for…

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