Burry warns U.S. households now hold more wealth in stocks than homes, a rare signal that last preceded multi-year bear markets in the late 1960s and 1990s. Summary Michael Burry, the investor known for predicting the 2008 financial crisis through short positions on mortgage-backed securities, has issued a warning about the U.S. economy based on…
HashKey chief Xiao Feng said growing regulation and clearer compliance frameworks make him more confident in the long term prospects of digital assets despite market volatility. HashKey Holdings started trading in Hong Kong on Wednesday with an early pop that quickly cooled, as investors weighed the exchange’s long term pitch against a jittery crypto backdrop. The company’s…
The stablecoin will power Exodus Pay, enabling global digital dollar spending with self-custody. Digital asset platform Exodus has partnered with crypto payments firm MoonPay to roll out a US dollar-backed stablecoin designed for everyday use. Key Takeaways: The Exodus Movement, known for its self-custodial crypto wallet, said Tuesday that the fully reserved digital dollar is scheduled to…
Payments aim to boost inclusion without replacing jobs. The Marshall Islands has launched a nationwide universal basic income (UBI) program that allows citizens to receive payments via cryptocurrency. Key Takeaways: Under the initiative, every resident citizen is entitled to quarterly payments of roughly $200, or about $800 annually, as the government seeks to offset rising…
Major crypto platforms are racing to build all-in-one products as prediction markets gain momentum. Crypto exchanges and platforms are accelerating their push into prediction markets, with Gemini and PancakeSwap emerging as the latest players to roll out new offerings. Key Takeaways: Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, announced Monday that it has launched…
Anatoly Aksakov’s remarks mirror the Russian Central Bank’s stance to prohibit the use of crypto assets for payments. In a definitive statement, Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Markets, maintained a strict ban on payments using crypto within Russia. Addressing a TASS press conference, he emphasized that payments in Russia must…
She warns DeFi could enable illicit finance as crypto legislation stalls in Congress. US Senator Elizabeth Warren is seeking answers from federal law enforcement and financial authorities over whether decentralized cryptocurrency exchanges are under active investigation. Key Takeaways: In a letter sent Monday to Treasury Secretary Scott Bessent and US Attorney General Pam Bondi, the Massachusetts Democrat…
Bhutan commits up to 10,000 BTC, worth approximately $1 billion, to fund Gelephu Mindfulness City construction through collateralized lending and yield strategies without liquidating its sovereign Bitcoin reserves. Bhutan unveiled a national Bitcoin Development Pledge on Tuesday, committing up to 10,000 BTC, worth approximately $1 billion, to fund construction of Gelephu Mindfulness City without liquidating its sovereign digital…
Web3 got faster, cheaper, and more complex – but fragmentation is pushing users away. Why coordination matters more than speed now. For nearly half a decade, the Web3 industry has believed that mainstream adoption would come through expansion. Faster Layer 1s. Modular stacks. Low-cost rollups. Appchains built for increasingly specific use cases. That wave of…
Banks and crypto are merging fast – CeFi, DeFi, and TradFi are no longer rivals. Here’s why universal finance is the next big shift. The lines between banks and exchanges are disappearing. A few years ago, the market was still neck-deep in arguments over the merits of centralized vs. decentralized finance. Today, more and more…
