Over the past 22 days, $4.20 billion USDC has been minted on the Solana chain. With the increase in the number of additional issues, the current USDC market value has exceeded $50 billion, touching about $51.50 billion, setting a record since September 2022.
Cryptocurrency wallet platform Phantom hit an all-time high in the iOS app store on Wednesday. Phantom ranked ninth in free iPhone apps, the first time Phantom entered the top 10. It trailed eighth-ranked short video app TikTok, but surpassed messaging platform WhatsApp and social media giant Instagram, which ranked 13th and 14th respectively in free apps. In addition, Phantom ranked second in free utility apps on the iOS App Store on Wednesday, just behind Google's search engine.
Paolo Ardoino, chief executive of Tether, said at DC Fintech Week on Tuesday that the US was expected to catch up on cryptocurrency regulation. "Nowhere can compare to the US," he said. "I think it's very, very important to have sensible cryptocurrency regulations and stablecoin regulations in place to protect end users." He predicted that would happen in the US. Ardoino said: "We are buying a lot of US debt, and the most important job of a stablecoin issuer is to be able to liquidate the reserv...
On September 10th, crypto trading platform Gemini said in its "Global State of Crypto 2024" report on Tuesday that despite facing some significant headwinds, crypto adoption rates in the United States and the United Kingdom have remained stable in recent years, and the retail market now looks ready to rebound. The report, based on a survey of 6,000 people in the United States, the United Kingdom, France, Singapore, and Turkey, was conducted online from May 23 to June 28 this year. The report sta...
Coinbase CFO Alesia Haas said at a Citigroup event on Wednesday that Harris "is accepting crypto donations," a statement that appears to be incorrect. A Coinbase spokeswoman said Alesia Haas was referring to Future Forward USA PAC, which is committed to supporting Kamala Harris, not Harris' campaign. "Coinbase can confirm that Future Forward PAC has partnered with Coinbase Commerce to accept cryptocurrency donations," the spokeswoman said. Harris' campaign website is...
Paul Grewal, Coinbase's chief legal officer, said in an interview with Bloomberg on Tuesday: "Regardless of the outcome of individual races and of course the outcome of the presidential race, we are going to see a pro-cryptocurrency Congress emerge at a time when bipartisan support for crypto-friendly legislation is growing on Capitol Hill."
BlackRock will list its iShares Ethereum Trust (ETHA) on the B3 exchange in Brazil on Wednesday, according to local media Portal do Bitcoin. The ETF will trade under the ticker ETHA39 in the form of Brazilian depositary receipts (BDRs), certificates representing shares of foreign companies traded in the South American country. In March, BlackRock's iShares Bitcoin Trust ETF (IBIT) also began trading on the Brazilian stock exchange, which has become a solid market for institutional products. In a...
Ripple CEO Brad Garlinghouse shared his thoughts on VP Kamala Harris and cryptocurrency policy on social media platform X on Wednesday. First, he warned that "making conclusions and assumptions about candidates based purely on political positions without any policy recommendations is hindering the development of the crypto industry (similar to what tribalism has done for years)," adding: Vice President Harris on...
Bloomberg senior ETF analyst Eric Balchunas explained on social media platform X on Wednesday that it appears the final deadline for the Solana ETF is mid-March 2025. But the most important date between now and then is November. If Biden wins, these ETFs are likely to be eliminated. If Trump wins, anything is possible.