Agustín Carstens, former General Manager of the Bank for International Settlements, said stablecoins can promote financial innovation, inclusion and lower costs, while calling for frameworks that allow them to coexist with traditional fiat currencies.
Chainlink (CRYPTO:LINK) has joined Project Pangea, a working group bringing together European and South Korean banking organisations.
THORChain (CRYPTO:RUNE) resumed trading and network operations after more than a month offline following a May 15 exploit that resulted in approximately US$10.7 million being drained from one vault.
SOIL announced plans to become the first application built on XRP Ledger's proposed native lending infrastructure, positioning itself to use the XLS-65 and XLS-66 amendments if they receive network approval.
Meta Platforms has reportedly formed a dedicated team to develop Arena, a prediction market platform designed to compete with established operators including Polymarket and Kalshi.
Bitcoin (CRYPTO:BTC) fell from an intraday high near US$64,500 to a low of US$61,990 on June 23, confirming a bearish head-and-shoulders breakdown that has increased pressure on the US$60,000 support area.
The CLARITY Act faces renewed scrutiny after the Alliance to End Human Trafficking urged Senate leaders to reconsider Section 604.
Global markets have been impacted by one of the steepest plunges in history as sentiment suddenly soured on the global AI buildout. Bloomberg's Anthony Stephens has the latest.
Shen Jianguang, VP and Chief Economist at JD.Com, shares his outlook on China's economy as the nation accelerates into an AI driven era marked by surging demand. He speaks with Bloomberg's Minmin Low on the sidelines of the World Economic Forum in Dalian, China on "Bloomberg: The Asia Trade".
Michael Selig, chair of the Commodity Futures Trading Commission, said perpetual futures contracts may not be appropriate for all markets the agency regulates.
USD Coin (CRYPTO:USDC) and Tether (CRYPTO:USDT) both recorded declines in circulating supply over the past week.
André Hoffmann, Co-Chair of the World Economic Forum, discusses his outlook for global growth and China's economy amid ongoing conflict in the Middle East and market volatility. He speaks with Bloomberg's Stephen Engle on the sidelines of the World Economic Forum in Dalian, China on "Bloomberg: The Asia Trade".
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