Crypto News

Bitso, a crypto exchange focusing on Latin America, is entering the increasingly attractive stablecoin market as global adoption accelerates.The company's business development unit, Bitso Business, has established Juno, a subsidiary dedicated to issuing and managing digital assets including stablecoins. Bitso Business also recently appointed Ben Reid as head of stablecoins to drive the firm's ambition in the stablecoin market.The first token Juno issues is a fully-backed Mexican peso stablecoin (MXNB), aiming to facilitate cross-border payments and financial transactions between businesses across the region. The firm deployed the token on Ethereum layer-2 Arbitrum.Stablecoins, now a nearly $230 billion asset class, have been one of the biggest success stories in crypto adoption. With prices pegged to an external asset, predominantly to fiat...

Users allege a market for President Trump making a deal with Ukraine before April has resolved to "yes" because of large holders of UMA tokens. Source link

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2805.5, down 0.0% (-0.17) since 4 p.m. ET on Tuesday.Fourteen of 20 assets are trading higher.Leaders: POL (+7.4%) and SUI (+6.0%).Laggards: AVAX (-2.0%) and NEAR (-1.0%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

The stablecoin economy has soared to an unprecedented zenith this week, buoyed by a $10.28 billion expansion in March, propelling its total valuation to $234.60 billion. Concurrently, Circle’s USDC has eclipsed the $60 billion threshold for the first time. USDC Climbs While Treasury-Backed Tokens Disrupt Stablecoin Hierarchy Per the most recent data from defillama.com, recordedSource link

As bitcoin's (BTC) recovery rally continues, $90,000 is now the key level where things could get interesting. The projection is based mainly on the current positioning of options market makers.Market makers, also known as dealers or MMs, are responsible for providing liquidity to the order book. They occupy the opposite side of investors' trades and work to maintain a market-neutral exposure by hedging in spot and futures markets. They make money off the difference between what they pay for an asset and how much they sell it for, known as the bid-ask spread.Deribit bitcoin options data tracked by Amberdata shows market makers are "short gamma" at the $90,000 strike. What that means is that as the bitcoin price moves closer...