Crypto News
No Rate Cut, No Filter: Trump Slams Fed Chair With Nicknames and Jabs
Ahead of Wednesday’s Federal Reserve announcement, U.S. President Donald Trump took a jab at Fed Chair Jerome Powell, joking that he’s called him every name in the book in a bid to convince him to lower the federal funds rate. Powell Ignores Name-Calling as Fed Expected to Hold Rates at 99.9% The U.S. Federal OpenSource link
Publicly Traded Solana Treasury Firm Is ‘Showing What’s Next’ for Strategy’s Bitcoin Model
Newly established Solana treasury company DeFi Development Corp. is taking a unique approach in building its digital asset stash.Source link
Bitcoin DeFi Project Elastos Debuts BTC-Backed Stablecoin BTCD
A Bitcoin-blockchain based decentralized finance (DeFi) project debuted a stablecoin fully backed by bitcoin BTC tokens as part of its effort to build a financial system centered on the largest and oldest cryptocurrency.Elastos, developer of the BeL2 protocol, unveiled its bitcoin dollar (BTCD) on Wednesday.The project aims to create a digital version of the Bretton Woods system, the post-World War II agreement that pegged the U.S. dollar to gold, making the greenback the world's reserve currency as a means of fostering monetary stability. Elastos said it is "reimagining with Bitcoin at its core."Stablecoins are tokens pegged to the value of a traditional financial asset, such as a fiat currency, usually the dollar. They're an important cog in the cryptocurrency...
Bitcoin Bet: Healthcare Firm Prenetics Invests $20M After Market Cap Drops 94%
Prenetics Global Limited has disclosed plans to establish a corporate bitcoin treasury despite a 94% stock decline since its 2022 public debut. Prenetics Allocates to Bitcoin The Nasdaq-listed health sciences company purchased $20 million worth of bitcoin (187.42 BTC at $106,712/ BTC) via Kraken, it announced on June 18. The move follows a 1-for-15 reverseSource link
How the Next Wave of RWAs is Becoming Crypto’s Real Edge
In the search for stable, scalable yield on-chain, real world assets (RWAs) have become a cornerstone of digital asset strategies. Tokenized treasuries and private credit brought off-chain yield on-chain, delivering much-needed stability and quickly emerging as one of the strongest-performing segments in crypto.Top crypto categories by market caphttps://www.coingecko.com/en/categories#key-statsHowever, much of this early RWA activity has simply mirrored traditional finance. The next stage of evolution demands more. Capital moves quickly, and investors expect more from their assets. They’re looking for returns that aren’t tied to cycles, access that doesn’t depend on intermediaries and assets that are composable across the DeFi ecosystem.One emerging example is tokenized reinsurance, bringing some of the world’s largest and illiquid industries into the fund flows of DeFi.Reinsurance...