
USDC
GENIUS Act fails Senate vote amid controversy, security concerns
The GENIUS Act stablecoin bill only received 49 votes after some Democratic Senators withdrew their support.
Coinbase buys Deribit for $2.9B as Q1 profit falls 95%
A May 8 report showed that Coinbase generated revenue of $1.96B in the three months ending March 31, a 10%...
Minting plan B
Ray Dalio, the hedge-fund grandee who delights in spotting tectonic shifts, has declared that the global monetary order is "on...
Global tokenized real estate eyes $4T valuation: Deloitte
Meanwhile, a new Citigroup report predicts that the global stablecoin market capitalization will reach $3.7 trillion by 2030.
Rise of stablecoins: Circle’s plan to disrupt global finance
Circle announced the launch of the Circle Payments Network, a global payment system that runs on blockchain rails and settles...
This Week in Crypto: Ripple’s $5B bid for Circle rejected
In other news, Mastercard unveiled a stablecoin transaction platform; meanwhile, a report by CoinShares revealed the current state of Bitcoin...