Estimated read time 2 min read
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BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in DominanceAfter Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme […]
Estimated read time 3 min read
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US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks

US Regulators and the Fed Jointly Warn Crypto's Liquidity RisksU.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.” US Regulators Issue Joint Statement on Crypto […]
Estimated read time 2 min read
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Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank PartnershipsOn Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDIs) and community banks across the United […]
Estimated read time 3 min read
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Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000

Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold's Rise Above $2,000This week, Bloomberg Intelligence senior macro strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance […]