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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

Bitcoin regains $76K as Coinbase-driven demand sustains recovery

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A $517 million rise in spot volume led by Coinbase is helping Bitcoin reclaim $76,000, with steady inflows absorbing the weekend selling pressure.

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Coin Market

Fed chair nominee pressed on potential conflicts of interest, independence

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Kevin Warsh faced intense questions from Senator Elizabeth Warren and other lawmakers over his more than $100 million financial disclosure ahead of a confirmation hearing.

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Coin Market

Bitcoin funding stays negative at $78K as short squeeze expectations grow

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BTC price action slowly headed upward but funding stayed negative, a unique occurrence that analysis said would result in a short squeeze.

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