Crypto News
Stripe’s Bridge Teams Up With M0 Protocol to Issue Stablecoins, Starting With MetaMask’s mUSD
Stablecoin platform M0 and U.S.-licensed issuer Bridge, now part of payments giant Stripe, are joining forces to help businesses roll out custom digital dollars, beginning with popular crypto wallet MetaMask's proprietary token mUSD.The two firms said on Thursday the partnership combines Bridge’s regulatory and reserve management expertise with M0’s blockchain infrastructure designed for application-specific stablecoins.Stablecoins, a type of cryptocurrencies pegged to external assets like the U.S. dollar, have grown into a $250 billion market, often touted as a faster, cheaper option for international payments. Interest in the sector has accelerated since U.S. President Donald Trump signed the GENIUS Act into law, setting new federal standards for stablecoin issuers.The idea of application-specific stablecoins has been gaining traction as the market for...
Morning Minute: CME & Fanduel Bring Prediction Markets to the Masses
The new event contracts platform will make it easier for everyday users to bet on markets like the S&P 500, oil, gold, and even crypto.Source link
Tether, Circle to Meet South Korea’s Top Banking CEOs as Stablecoin Momentum Mounts
The discussions will reportedly cover the potential distribution and use of dollar-pegged stablecoins, and the issuance of won-backed tokens.Source link
Kraken Acquires Israeli Vibe Coding Startup Capitalise.ai to Enhance No-Code Trading Automation on Kraken Pro
Kraken has announced the acquisition of Capitalise.ai, an Israel-based pioneer in no-code, natural-language trading automation. Founded in 2015, Capitalise.ai has developed a platform that allows users to transform everyday text into executable trading strategies across various asset classes, including equities, crypto, FX, futures, and options. The integration of Capitalise.ai’s technology into Kraken Pro is setSource link
Bitcoin Falters in Choppy Market, Ether Stays Resilient: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise)Crypto majors continue to trade in a choppy manner, with bitcoin (BTC) retreating to $113,600 after reaching $114,800 late Wednesday. Ether (ETH) and most major tokens also erased overnight gains as derivatives traders looked for downside protection ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium on Friday.Long-term sentiment for bitcoin, measured by an options market indicator, turned bearish for the first time since June 2023. Technical signals also point to a weakening short-term outlook. In a notable move, an OG wallet sold 660 BTC and opened long positions in ether worth $295 million across four wallets, reflecting growing preference for ETH over bitcoin and echoing...