US Treasury see stablecoins driving ‘structural demand’ for T-bills
Key Takeaways
- Stablecoin collateral now accounts for around $120 billion in US Treasury holdings.
- Potential risks remain due to the stablecoin sector’s dependency on T-bills.
- Solana welcomes PARAVOX as shooter secures $4.5M for blockchain expansion
- BTC nears ATH, DOGE leads Memecoins, GRASS airdrop hits $1.1B – Decrypt
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SingularityDAO, Cogito Finance, and SelfKey unite to launch Singularity Finance, an EVM L2 for AI economy
Key Takeaways
Singularity Finance aims to tokenize AI assets to enhance DeFi applications.
The merger includes a token conversion with SDAO, CGV, and KEY into SFI.
Ripple CEO Drops Bombshell, Accuses ‘Renegade’ SEC Of Breaking The Rules
If you think the four-year rift between Ripple Labs and the US Securities and Exchange Commission (SEC) is over, think again. In a series of X (Twitter) posts, Ripple executives shared their frustrations with the SEC after it ignored the court’s recent decision on XRP.
Bitcoin expected to face high volatility as ‘Trump trade’ and Q4 seasonality converge – Bitfinex
Bitcoin (BTC) is set for turbulent weeks ahead, with election uncertainty, the “Trump trade” narrative, and historically favorable fourth-quarter conditions creating a “perfect storm” for market movement, according to the latest “Bitfinex Alpha” report.