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Fed’s dovish move will slash $625M in interest income for stablecoins

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CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.

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Coin Market

Chinese suspect in $75M international crime network arrested in Bangkok

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Police alleged the suspect was involved in cryptocurrency and foreign-currency exchanges for criminal groups across more than 133 accounts.

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Coin Market

Tether backs AIsa as strategic investor, completing seed extension round

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The round brings AIsa’s total funding to more than $9 million.

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Coin Market

Solana shows resilience, but some areas need continued observation, Fidelity says

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Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report.

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