Stablecoin supply has been on a downward trajectory since the TerraUSD collapse in 2022. And despite the crypto market’s bullish week, stablecoins remain flat.

The stablecoin market cap stayed relatively steady at $124 billion during bitcoin’s sudden upswing, failing to break the sector’s levels from early September, according to DeFiLlama. 

Analysts say stablecoin supply is a lagging indicator, but the lack of a stablecoin resurgence could indicate that bitcoin’s bull run isn’t driving new liquidity into the crypto market.

Stablecoins are tokens pegged to a certain asset or value, like the US dollar. Importantly, stablecoins are popular as on and off-ramps for…

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Rest assured, crypto faithful. A massive, dramatic shift, from today’s old-fashioned financial system to blockchain technology will happen in the US, Anatoly Yakovenko says. 

Just as soon as Congress passes a stablecoin bill.

“There is just a massive regulatory roadblock right now,” he says. Speaking on the 1000X podcast (Spotify/Apple), the Solana co-founder says, “Everyone knows this technology is better. It’s easier. All the APIs are easier.” 

Yakovenko contrasts the merchant experience with crypto-based stablecoin technology versus services like Stripe and PayPal. Setting up in the old system feels like it takes “a pound of flesh and a firstborn to deal with the…

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For the most part, nonfungible tokens (NFTs) have two primary use cases: Buying and selling digital products (digital art, virtual fashion items) and building digital communities (exclusive memberships, access to events). 

These use cases can be easily adopted by brands and companies, such as fashion brands selling digital clothes, various companies offering NFT-based club memberships and musicians holding exclusive concerts for their fans.

Traditional German companies are also jumping on the bandwagon, recognizing the potential of NFT technology to innovate and market their products and services.

Deutsche Post combines NFTs and AI

Deutsche Post, the German postal service, will release its…

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Elon Musk’s venture, X (formerly known as Twitter), aims to position itself as a central financial hub, encouraging individuals to consider using X as their primary financial solution instead of traditional bank accounts for various financial requirements.

According to reports, during the inaugural all-hands meeting on Oct. 26, Elon Musk articulated his vision for transforming the platform into a financial hub with a roadmap to implement new features by the end of 2024. 

Elon Musk envisions X as an all-encompassing financial platform, covering every aspect of users’ financial lives, from money and securities to eliminating the need for traditional bank accounts. According to reports,…

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Bitcoin’s (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins, including Floki (FLOKI), which has beaten its top rivals in percentage gains.

FLOKI price up 140% amid Bitcoin ETF hype, TokenFi launch

As of Oct. 27, FLOKI had surged over 140% to $0.00004261, its highest level in five months. The memecoin, known for its controversial marketing tactics, started rallying after New York-based Grayscale Investments filed for a new spot Bitcoin exchange-traded fund (ETF) on NYSE Arca, as shown below.

FLOKI/USD daily price chart. Source: TradingView

Looking at the past 24 hours, FLOKI’s gains have picked an additional boost from the launch of its tokenization platform,…

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Cryptocurrency hardware wallet provider Trezor is investigating a recent phishing campaign, as users have reported receiving phishing emails.

The anonymous blockchain sleuth ZachXBT took to his Telegram channel on Oct. 26 to alert users to a phishing attack targeting Trezor customers.

ZachXBT referred to an X (formerly Twitter) post from the account JHDN, which alleged that Trezor may have been breached after receiving phishing emails on the email account used specifically for buying the wallet.

In a similar manner to some Trezor-related phishing attacks in the past, the phishing email invites users to download the “latest firmware update” to users’ Trezor devices in order to “fix…

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