Crypto News
What Happens to USDC Reserves If Circle Goes Bankrupt?
Circle's stock is soaring right now—but what happens to the assets backing its USDC stablecoin if the public firm goes bust?Source link
Bitcoin or Bust? Analyst Warns Against ‘Consumptive’ Crypto for Treasury Firms
Ethereum, XRP, and Solana have become focal points for various crypto treasury strategies.Source link
Oil Crashes 8.7% From Last Week’s Peak as Middle East Tensions Rattle Markets
U.S. stocks bounced back into positive territory as crude prices plunged more than 4% in the past 24 hours and have now slid 8.74% since June 12. Analysts at Deutsche Bank note that oil’s trajectory could oscillate unpredictably in the months ahead. $76 to $70: Crude Collapses as Nuclear Talks Stall While much attention remainsSource link
Solana Treasury Strategy Better Than ETH, Firms Buying SOL Should Trade at Premium: Cantor
Cantor initiated coverage of the three largest solana SOL treasury companies DeFi Development (DFDV), Upexi (UPXI) and Sol Strategies (HODL) with an overweight rating, the Wall Street firm said in a research report Monday.The broker has a $45 price target for DeFi Development, a C$54 objective for Sol Strategies, and a $16 price target for Upexi."We believe SOL treasury companies are betting the future of finance will be on-chain and that the chain of choice will be Solana," analysts led by Thomas Shinske wrote.Solana's biggest competitor is the Ethereum blockchain, Cantor noted, but its technology is meaningfully better than its larger peer on every metric."Developer growth on SOL has far exceeded that on ETH recently, and we expect this to...
Juventus Deal Vaults Crypto Exchange WhiteBIT’s Token to All-Time High Price
Italian soccer club Juventus has agreed to a three-year sponsorship deal with crypto exchange WhiteBIT, boosting WBT's price in the process.Source link