Singapore Proposes 100% Reserve Rule for Stablecoins, Bans Yield
Singapore proposes rules requiring stablecoins to maintain 100% reserves while banning issuers from paying yield or interest on token holdings.
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Articles by Hassan Maishera
Senior Reporter · Joined 2021
Covers Altcoins, Crypto Business and Market Updates.
Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.
21 Major Banks Join Forces to Launch a Dollar Stablecoin by 2027
Bank of America, Citi, Goldman Sachs, and 18 other institutions plan to launch a regulated dollar stablecoin in the first half of 2027.
Bitcoin Holds Near $77,500 as Iran Strikes Hit Solana, Tron Harder
Bitcoin holds near $77,500 as Solana and Tron fall over 3%, with rising oil prices, Treasury yields and Fed rate-hike expectations pressuring crypto.
Kraken's xStocks to Bring 100 Top UK Stocks Onchain
The London Stock Exchange and Kraken parent Payward will tokenize the 100 largest UK-listed stocks through the xStocks blockchain platform.
PancakeSwap Burns $1.04M in CAKE, Extending Weekly Deflation
On Tuesday, the PancakeSwap team told its community via X that it had a deflation of 580k CAKE ($1.04M), down 24% from the previous week.
Bitmine Buys $131M in ETH, Closes In on 5% of Ethereum Supply
Bitmine purchased another 53,501 ETH, lifting its holdings to 5.9 million tokens as the company approaches its goal of owning 5% of Ethereum’s supply.
Avalanche Lands €1B Tokenization Platform Cashlink
On Monday, the Avalanche Foundation announced via X that European tokenization leader Cashlink is bringing its institutional securities infrastructure to Avalanche.
Cardano Verifies 500,000 Supply Chain Records for Brazil's Fashion Giants
On Monday, the Cardano Foundation announced via X that Cardano is live as the public proof layer in Blockforce's traceability platform.
Ontology Halts Mainnet After Spotting Potential Security Threat
The Ontology team announced via X on Monday that it has paused its mainnet after identifying a potential security concern requiring immediate investigation.
Strategy Buys $370M in Bitcoin, Pushing Holdings Past 4% of Supply
Strategy bought 4,603 Bitcoin for $369.7 million, raising its holdings to 845,050 BTC as Michael Saylor signaled a return to aggressive buying.
Robinhood Chain Hits Record $989M in Daily Trading Volume
Robinhood Chain DEX volume reached a record $989 million as TVL hit $708 million and demand shifted toward utility tokens and tokenized-stock pairs.
Kraken Parent Explores Path to Bring Hyperliquid Perpetuals to U.S.
Hyperliquid and Kraken parent Payward are reportedly seeking CFTC approval to offer regulated crypto perpetual futures to U.S. traders through Bitnomial.