Stablecoins Risk Importing Old Market Flaws
European Central Bank’s Isabel Schnabel warns stablecoins may import financial vulnerabilities while urging modernization of public money through a digital euro to maintain stability. #Update #Crypto $EUR
Crypto News
General category for all types of news related to the cryptocurrency world.
Tokenized Stocks Set to Hit $5.5 Trillion
Citibank projects the tokenized securities market could reach $2.6 trillion to $8.2 trillion by 2030, driven by blockchain adoption and regulatory advancements, with NYSE and Nasdaq planning tokenized stock trading. #Update #Crypto
STRC Dividend Holds Steady at 11.5%
@MicroStrategy maintains an 11.5% dividend on its perpetual preferred stock, STRC, for the fourth month as shares recover to $99.10 ahead of the June 15 ex-dividend date. #Update #Crypto $STRC
Intel Launches AI Chip Targeting Nvidia
Intel plans to launch its Crescent Island AI GPU in 2026, challenging Nvidia and AMD with cost-efficient LPDDR5X memory. Bitcoin miners like Terawulf pivot to AI compute. #Update #Tech
S&P 500 Target Soars on Earnings Momentum
Ed Yardeni raises his S&P 500 year-end target to 8,250, citing strong earnings momentum as the market driver, dismissing concerns of a frothy market. #Update #Market @YardeniResearch
Hyperliquid Surges 70% Overtakes DOGE
HYPE hit an all-time high of $74.04, surpassing DOGE to become the No. 10 digital asset by market cap at $16B; Grayscale launches Hyperliquid ETF. #Update #Crypto
Crypto Jobs Report Fuels Market Rally
The comment period for the GENIUS Act’s stablecoin rules closes June 2, with implications for issuers and reserves as stablecoin circulation hits $322 billion. #Update #Crypto $USDC
Fed Chair Warns of Independence Threats
Former Fed Chair Jerome Powell receives the “Profile in Courage” award, warning of political pressures threatening regulatory independence, impacting cryptocurrency markets’ stability. #Update #Crypto $BTC $ETH
Polymarket Faces Live POL Drain Amid Contract Concerns
@Polymarket experienced a private key compromise leading to a POL drain of approximately $600,000; user funds remain safe as the incident is attributed to operational security, not a contract exploit. #Update #Crypto $POLY
Tokenized Securities Market to Hit $5.5 Trillion
Citi’s report predicts the tokenized securities market will grow from $17B to $5.5T by 2030, driven by major firms integrating blockchain and rising stablecoin adoption. #Update #Crypto
AI Threatens $900B Ad Industry Collapse
Animoca Brands launches $10M fund for early-stage agentic AI, predicting a shift in the $900B ad industry to AI agents on blockchain networks. #Update #AI
Stablecoins Spark Diverging Views from US UK Central Bankers
US Federal Reserve governor Christopher Waller stated dollar-backed stablecoins could enhance US monetary influence, while Bank of England’s Megan Greene predicted their decline in favor of tokenized deposits. #Update #Crypto $USDT
AI Solves 80-Year Geometry Puzzle
OpenAI’s AI model solves Paul Erdős’ 1946 unit distance problem, verified by Princeton, potentially impacting cryptography and mathematical proofs. #Update #AI
Stablecoins Propel US Policy Expansion Efforts
Federal Reserve Governor Christopher Waller expressed optimism about stablecoins, suggesting they could extend U.S. monetary policy abroad, while JPMorgan’s Jamie Dimon opposed stablecoin rewards in the CLARITY Act. #Update #Crypto $USDC