Author: News Room
Are Amazon, Walmart, and Ant Group building a new monetary layer beneath commerce — where stablecoins replace dollars, eliminate middlemen, and reshape consumer behavior inside their own financial empires? Table of Contents Retail giants warm up to stablecoins JPMorgan Chase’s JPMD filing hints at big-bank stablecoin ambitions Cutting fees is the easiest way to unlock billions Experts say it’s not if, but when — and how Retail giants warm up to stablecoins Three global players in commerce and payments, Amazon, Walmart, and Alibaba’s Ant Group, are reportedly exploring stablecoins, the digital assets typically pegged to fiat currencies such as the…
Crypto investigator ZachXBT noted that illicit laundering networks and small OTC brokers have successfully laundered funds stolen in several recent hacks linked to the Lazarus Group. He estimates the Black U market on Tron is no less than $5-$10B and largely unattributed. The crypto trader also noted that many crypto exchanges sit and watch, collecting fees and doing nothing when more than 50% of the activity for their protocol comes from stolen funds. He believes that abuse in the crypto industry increased after politicians launched memecoins and numerous court cases were dropped, which further enabled the behavior. Crypto sector sees…
Once a market centerpiece, Binance Alpha is now witnessing a sharp decline in both users and trading volume. Here is how the flash crash of ZKJ and KOGE significantly hindered the interesting growth of this platform. Binance Alpha Sees Drop in Trading Volume Data from Dune reveals that active Binance Alpha users plummeted from 233,000 on June 12 to 195,000 by June 15, equating to a loss of nearly 40,000 users in just three days. Notably, active trading users have dwindled to around 55,000, signaling an almost unstoppable decline in morale and trust. The root cause stems from the unexpected…
ARK Invest, the cryptocurrency-friendly investment firm founded by Bitcoin bull Cathie Wood, continued selling shares of USDC stablecoin issuer Circle, offloading nearly $100 million in two days.ARK dumped another 300,108 Circle shares from its three funds for $44.7 million on Tuesday, according to a trade notification seen by Cointelegraph. The sale came amid Circle stock tumbling 1.3% on the day, with shares closing at $149 after peaking above $165 on Monday, according to TradingView data.The drop came despite positive stablecoin news, with the US Senate passing the GENIUS stablecoin bill in a 68–30 vote on Tuesday.ARK dumps 642,766 Circle shares in…
Spanish bank BBVA is advising its wealthy private banking clients to allocate 3% to 7% of their portfolios to cryptocurrencies. BBVA to Advise on More Cryptocurrencies Spanish giant lender BBVA is reportedly advising its wealthy private banking clients to allocate between 3% and 7% of their portfolios to cryptocurrencies. This marks a significant step beyond […] Read the full article here
Veteran trader Peter Brandt has a message for anyone new to the markets: do not trade, just buy Bitcoin. In a recent post on X, Brandt – who has been trading for over 40 years – said that beginners would be better off avoiding the day-to-day noise. Instead, he suggests putting money into broad market ETFs like SPY and QQQ, and even adding Bitcoin to the mix. It is a clear recommendation, especially from someone who is known for their deep technical analysis and pattern recognition. But according to Brandt, most people are not built for trading and end up…
On June 17, Kaspa City, the leading community X account for Kaspa, shared exciting news about a new development within its blockchain ecosystem. The post introduced Kasia, a fully encrypted peer-to-peer (P2P) messaging system built on the Kaspa blockchain. The open-source project, led by developer @auzghosty, aims to expand Kaspa’s utility beyond financial transactions, potentially positioning it as a widely used proof-of-work (PoW) blockchain. However, as a new and untested product, users are advised to exercise caution when exploring Kasia. Kaspa, a blockchain platform known for its high scalability and rapid block times, operates on the innovative GHOSTDAG protocol. This…
The XRP community has seen reduced optimism as XRP plunges sharply amid the buzz surrounding Ripple and SEC legal frenzy. XRP has seen its price fall significantly by 7.29% in just one day, according to data from CoinMarketCap. Although XRP’s negative price action follows a broad crypto market bloodbath experienced on Tuesday, XRP has led the negative trend with the deepest price drop among the top 10 leading cryptocurrencies. Ripple-SEC stuns with shocking update This negative trend has coincided with Ripple and the SEC’s recent legal update, leaving investors to worry about its influence on XRP’s potential. On June 16,…
Tron price remained consolidated on Tuesday as investors reflected on the new public listing news. Tron (TRX) was trading at $0.2790, a few points above this week’s low of $0.2670. It has risen by almost 40% from its lowest level this year. The biggest Tron news is that it will execute a reverse merger with SRM Entertainment, a company that sells branded toys. Dominari Securities, a company with ties to the Trump family, is arranging this merger. The merger will see SRM accumulate TRX tokens, mimicking the strategy of Strategy, which transformed from a small tech company into the largest…
As the US Senate has successfully passed the GENIUS Act, crypto industry leaders are breathing a sigh of relief. Ripple, Coinbase, and Gemini praise the Senate’s decision, hoping the new stablecoin regulation will foster growth and innovation in the crypto space. Read the full article here