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The post Fed backs stablecoins as BoE says tokenized deposits may win in 5 years appeared on BitcoinEthereumNews.com. Federal Reserve Governor Christopher Waller defended stablecoins during a panel at the 32nd Dubrovnik Economics Conference, placing the tokens in the payments debate rather than the wider crypto risk debate. Summary Waller said stablecoins add payment competition and may extend monetary reach across dollar-linked global markets. Greene said tokenized deposits could overtake stablecoins within five years as banks defend deposit bases. Lummis warned CLARITY Act delays could push U.S. digital asset rules into a 2030 window. Waller said, “I’ve always just looked at stablecoins as a payment instrument; there’s nothing evil about it, nothing dangerous about it.” He added that stablecoins bring more competition into payments and can lower costs, as reported by Reuters. Greene says tokenized deposits may overtake stablecoins Bank of England policymaker Megan Greene gave a diffe
Read full articleFormer Federal Reserve chair Jerome Powell says the U.S. central bank would lose the credibility it needs to steady the economy if officials could be removed over policy disagreements. The warning landed as the Supreme Court weighs President Donald Trump’s effort to fire Governor Lisa Cook. A Direct Defense of Central Bank Independence Powell delivered […]
The post Australia RBA Commodity Index SDR (YoY) up to 16.8% in May from previous 15.7% appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity. Source: https://www.fxstreet.com/news/australia-rba-commodity-index-sdr-yoy-up-to-168-in-may-from-previous-157-202606010630
The post Sweden Manufacturing PMI increased to 57.3 in May from previous 57.2 appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity. Source: https://www.fxstreet.com/news/sweden-manufacturing-pmi-increased-to-573-in-may-from-previous-572-202606010630
The post United Kingdom Nationwide Housing Prices s.a (MoM) registered at -0.6%, below expectations (-0.2%) in May appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity. Source: https://www.fxstreet.com/news/united-kingdom-nationwide-housing-prices-sa-mom-registered-at-06-below-expectations-02-in-may-202606010600
The post Germany Retail Sales (MoM) came in at -0.3%, above expectations (-0.4%) in April appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity. Source: https://www.fxstreet.com/news/germany-retail-sales-mom-came-in-at-03-above-expectations-04-in-april-202606010600
The post Germany Retail Sales (YoY) increased to -0.3% in April from previous -2% appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity. Source: https://www.fxstreet.com/news/germany-retail-sales-yoy-increased-to-03-in-april-from-previous-2-202606010600
The post Tether Sees Record $1.1 Billion Market Cap Drop appeared on BitcoinEthereumNews.com. The post Tether Sees Record $1.1 Billion Market Cap Drop appeared first on Coinpedia Fintech News Tether’s market capitalization fell by more than $1.1 billion in a single day, marking its largest recorded decline. The drop has sparked renewed debate about the role of stablecoins in providing liquidity to cryptocurrency markets. Some market observers argue that shrinking stablecoin supply could reduce trading activity and put pressure on digital asset prices, including … Source: https://coinpedia.org/crypto-live-news/tether-sees-record-1-1-billion-market-cap-drop/
The post Russia S&P Global Manufacturing PMI rose from previous 48.1 to 48.8 in May appeared on BitcoinEthereumNews.com. Gold edges lower during the Asian session on Monday and moves further away from a two-week high, around the $4,600 neighborhood, touched on Friday. The US Dollar regains positive traction at the start of the new week amid persistent geopolitical uncertainties and hawkish US Federal Reserve (Fed) expectations, which, in turn, is seen acting as a headwind for the commodity. Source: https://www.fxstreet.com/news/russia-sp-global-manufacturing-pmi-rose-from-previous-481-to-488-in-may-202606010600
