BitGo's Jody Mettler says the stablecoin debate is moving beyond crypto rules and becoming a battle over who sets the standards for the future global payment infrastructure.
Bitcoin dropped to around $61,500 in recent days, its weakest level in roughly four months, and Peter Schiff wasted no time connecting that slide to a broader argument he has been making about stablecoins. Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor A Stablecoin On The Move Tether’s USDT has already climbed to a market capitalization of nearly $188 billion, according to data from DeFiLlama, closing the gap with Ethereum to just under $26 billion. Schiff, the economist and longtime Bitcoin critic, says the numbers point to an inevitable outcome. “The market cap of Tether will soon surpass the market cap of Ethereum,” Schiff wrote on X. “It will eventually surpass the market cap of Bitcoin, too. The only question is how long it will take.” USDT has become a dominant tool for moving money across crypto markets, and its reach now extends into payments, remittances, and digital dollar transfers — a trend he says supports his case. USDT holds
The surge in gray market peptide trade via crypto highlights growing health risks and regulatory challenges in the unregulated supplement market.
The post Chainalysis reports surge in gray market peptide trade using bitcoin and stablecoins appeared first on Crypto Briefing.
JPMorgan & Citi's Tokenized Deposits vs Stablecoins
The post JPMorgan Crypto Revolution: Will Tokenized Deposits Kill Stablecoins? appeared first on 99Bitcoins.
Crypto has become a key payment rail for a fast-growing gray-market peptide trade, according to a new Chainalysis report. Chainalysis said Thursday that off-label peptide sales have climbed past a $100 million annual run rate, as online wellness trends and…
Economist and macro trader Alex Krüger has argued that “crypto” has largely failed as an asset class, even as blockchain-based adoption accelerates across stablecoins, tokenization, prediction markets, perps, AI and privacy-focused assets. In a post on X, Krüger drew a sharp distinction between the speculative crypto market of recent cycles and the parts of the industry he believes are still showing meaningful traction. His central claim was blunt: most crypto tokens have failed to produce durable value for holders, while founders and insiders have repeatedly used the sector’s weak guardrails to extract liquidity from retail investors. “I largely think of ‘crypto’ as a failed asset class at this point,” Krüger wrote. “I’ve written about the causes multiple times. Mainly, most crypto assets are worthless, or have dreadful value accrual, and most founders have abused the lack of guardrails and dumped on people indiscriminately, or are outright scammers.” Krüger said the damage was compou
