Author: NBTC
USDT and USDC control over 85% of the $246.5B stablecoin market capitalization. DAI and USDe show high trading volumes despite relatively lower market capitalizations. Smaller stablecoins like USDO and USDY reflect increasing diversity in the stablecoin ecosystem. According to new data published by Phoenix Group, the total market capitalization of stablecoins reached $246.50 billion as of May 16, 2025. Stablecoins now account for 7.46% of the total crypto market, offering insight into the role these tokens continue to play in trading activity, liquidity provision, and decentralized finance systems. The report presents a detailed breakdown of the top-performing stablecoins by market…
The Australian Securities and Investments Commission (ASIC) is seeking leave to appeal a High Court decision that fintech company Block Earner’s Access product is not a financial product. The High Court in March 2024 dismissed ASIC’s allegations that Block Earner had engaged in unlicensed financial services by offering its decentralized finance (DeFi) product Access. ASIC is seeking clarification on how a financial product is defined which it feels should apply to all products whether they involve cryptocurrency or not. “The High Court will consider ASIC’s application on a date to be determined,” ASIC said in an announcement on Wednesday. The…
Usual stablecoin issuer just launched its USD0/USDC liquidity pool on Fluid DeFi protocol, allowing liquidity providers to earn dual yields from both lending and trading APRs. On May 19, an RWA-backed stablecoin protocol Usual announced the launch of its USD0/USDC liquidity pool on the DeFi protocol Fluid. The integration allows liquidity providers to earn lending APR, trading APR, and USUAL rewards on top. USD0-USDC DEX pool is now live on Fluid 🌊Deposit into the pool and earn lending APR, trading APR and $USUAL rewards on top.Boost your yields while backing @usualmoney USD0 liquidity pic.twitter.com/aswKVfaTu2 — Fluid 🌊 (@0xfluid) May 19,…
Wall Street’s momentum stalled Tuesday as investors pulled back from tech stocks and rising bond yields renewed pressure on equities. The Dow Jones Industrial Average fell 114.83 points, or 0.27%, while the S&P 500 dipped 0.39%, ending a six-day winning streak. The Nasdaq Composite slid 0.38% as chipmakers and megacaps retreated, led by losses in Nvidia, AMD, Meta, Apple, and Microsoft. The tech sector was the S&P 500’s worst performer, falling roughly 0.9%. The pullback follows a five-week rebound that lifted the S&P 500 more than 20% off its April low, driven by optimism around tariff de-escalation following President Trump’s…
Quack AI, a cutting-edge AI-driven governance platform, has announced its new collaboration with Morph, an advanced L2 network offering seamless Web3 scalability. The partnership targets to evolve smart governance across multichain networks and decentralized autonomous organizations (DAOs). The platform disclosed this exclusive initiative in a recent X post. Thrilled to announce our integration with @MorphLayerMorph is now live on Quackipedia — explore and ask anything:👉 https://t.co/3laj9up9mpAs part of the integration, Quack AI will provide decentralized AI governance infrastructure to support Morph and its growing ecosystem,… pic.twitter.com/JwWZ2SZiMu — Quack AI (@QuackAI_AI) May 16, 2025 Quack AI and Morph Collaborate to Advance…
Cardano founder Charles Hoskinson is considering initiating a community class action against people defaming the crypto project. In an X post yesterday, Hoskinson asked Cardano stakeholders, particularly ADA holders, developers, and dApp builders, whether they would consider joining a class action against those defaming the crypto project. He linked any potential legal action to the upcoming release of an audit report focused on the project’s 2017 initial coin offering (ICO) redemption process. NFT Artist Accuses Hoskinson of Misappropriating ICO Funds For context, tension has escalated within the Cardano community over the past few days. It started this week after NFT…
Fundstrat’s Tom Lee says that Bitcoin (BTC) is signaling bullishness for the stock market for one key reason. In a new interview on CNBC’s Squawk Box, Lee says that Bitcoin has soared back to levels not seen since before President Trump announced tariffs on April 2nd, suggesting stocks may soon print a massive recovery as well. “Yes, I think new highs are possible this year [for the S&P 500]. One reason is that companies have proven themselves to manage through shocks, and I don’t think investors give them enough credit. That happened with COVID. Companies survived. Companies survived a bullwhip…
True Markets, a new decentralized finance (DeFi) trading platform focused on stablecoin-native execution, has launched its mobile app on Solana and closed an $11 million Series A, bringing total funding to $20 million, the company said in a press release Tuesday. The funding round was co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant Fund, and PayPal Ventures. Seed investors Paxos Ventures and the Solana Foundation, continue to support the firm, True Markets said. Founded by Coinbase (COIN) and Circle veterans Vishal Guptaand Patrick McCreary, New York-based True Markets aims to deliver a non-custodial, mobile-first DeFi trading…
Apex Group, a financial services provider with more than $3 trillion in assets under administration, said on Tuesday it had acquired a majority stake in Tokeny, a Luxembourg-based firm that helps institutions tokenize real-world assets (RWA) on public blockchains. According to the deal, Apex expects to take full ownership of Tokeny over the next three years, after first investing in the company in late 2023, Apex said in a press release. The companies did not disclose the terms of the acquisition in the press release, and a spokesperson did not immediately return a request for comment. The acquisition comes as…
A prominent XRP community commentator says soon, XRP will have nothing holding it back, suggesting the judgment day to reveal all the truth is coming. The latest commentary comes amid what many perceive as persistent pressure suppressing XRP’s price growth. Notably, this sentiment dominated the XRP community last year, particularly as XRP remained stuck around the $0.5 price range. Several pundits insisted that the asset had been a victim of price suppression. Still, following XRP’s meteoric price rally above $2 as the year approached an end, mentions of this suppression subsided. However, as XRP again faces bearish pressure at the…