Deflation, Concerns of Risk Assets & SEC Trouble for Cryptos
Higher interest rate rumours lead to market woes, whilst emerging market bonds outperformed. The dollar strengthens but oil prices rise and gold prices fall. China's economy showed signs of slowing recovery with falling prices and exports.
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KAST Raises $80 Million for Stablecoin Neobank at $600 Million Valuation
The 18-month-old startup claims 1 million users and targets $100 million in annual revenue, but faces an increasingly crowded field following Stripe's $1.1 billion Bridge acquisition.
Oil Explodes, But Bitcoin Steady Despite Losing Momentum
Bitcoin’s muted drop during the oil shock hints at flushed leverage and steadier holders, even as war-driven energy prices threaten broader risk assets.
Jack Dorsey Says Block Will Support Stablecoins Despite Personal Opposition
"I don't like that we're going to support stablecoins but our customers want to use them," the Bitcoin advocate told WIRED.
Tokenized Real-World Assets Hit $25 Billion, Nearly Quadrupling in a Year
Six asset classes have crossed $1 billion onchain, but most remain walled off from DeFi due to compliance requirements.