BTC Could Hit Fresh Summer Highs Within Weeks if $73K Holds: Analyst
However, a failure to defend the current support level may open the door to a deeper correction toward $61,000.
CryptoPotato·
According to the analyst, banks can earn as much as 28% on loans while paying depositors less than 1%, a spread stablecoins are challenging.
Read full articleHowever, a failure to defend the current support level may open the door to a deeper correction toward $61,000.
Despite skepticism after its rally, ZEC could climb higher, according to one analyst.
Citi forecasts tokenized securities will grow from $17B to $5.5T by 2030. Stablecoins could reach $1.9T by 2030, driving nearly $1T in Treasury demand. Citi predicts 10% of U.S. Treasuries and 3% of U.S. stocks could be tokenized by 2030. Tokenized equities, bonds, and other real-world assets could be among blockchain’s most promising areas of […] The post Citi Predicts Tokenized Securities Could Hit $5.5 Trillion by 2030 appeared first on Live Bitcoin News.
Schnabel says the digital euro is the ECB’s best response to stablecoins Stablecoins pose risks to financial stability and risk bank runs during stress Private stablecoins could weaken ECB interest-rate decision transmission Isabel Schnabel, a member of the European Central Bank’s (ECB) Executive Board, has argued that developing a digital euro is the most effective […] The post ECB’s Schnabel Reveals Why Stablecoins Need a Digital Euro Response appeared first on Live Bitcoin News.
ECB board member Isabel Schnabel warned that stablecoins could bring money-market risks into tokenized finance and reinforce US dollar dominance.
A senior European Central Bank official has warned that stablecoins carry the same fragilities that once destabilized money market funds, cautioning that their rapid rise could threaten financial stability and quietly entrench the US dollar at the euro’s expense. Related Reading: Which Cryptos Are Best Positioned To Follow The Same Trajectory As Hyperliquid (HYPE)? The […]
The post You Can Now Trade 8,000 US Stocks on Binance Using Your Stablecoins appeared on BitcoinEthereumNews.com. Binance opened access to more than 8,000 US stocks and exchange-traded funds for its non-US customers on Monday. The world’s largest crypto exchange framed the launch as a step toward becoming a multi-asset financial super app. The move places Binance alongside rivals racing to merge crypto rails with traditional equity markets. Customers can buy fractional shares starting at $5, with zero commission, using stablecoins or the exchange’s own token. Crypto Exchanges Chase Wall Street The launch reflects a wider convergence between crypto platforms and traditional finance. Exchanges that once focused on tokens now want a slice of the equities business. Co-CEO Richard Teng told Fortune that US stocks make up well over half of global equities. Yet many overseas buyers face high costs and friction when they try to access them. Binance is not alone in this shift. Earlier, OKX move
The post Here’s Why Bitcoin (BTC) Could Still Face Its Biggest Crash Ahead: Analyst appeared on BitcoinEthereumNews.com. This analyst thinks that now may not be the time to turn bullish or buy Bitcoin. Bitcoin (BTC) has remained under pressure over the past week, falling from around $77,000 to approximately $73,140. The crypto asset experienced several sharp declines during the period, including a notable drop near $72,600 on May 28. The latest price action suggests that the bear market remains unfinished and that deeper losses may lie ahead before recovery begins. ‘Stage 5 Is Coming’ In his latest weekly report, Doctor Profit said the market’s broader structure has not changed and that Bitcoin is still progressing through the later stages of a bear market. According to the analyst, this stage is characterized by exhaustion, sideways trading, and growing frustration among market participants. He said these conditions are already evident in Bitcoin’s recent price action and believes t