The Gemini XRP credit card is a new rewards card from Gemini offering up to 4% back on gas, EV charging and public transport, 3% on dining, 2% on groceries
US-based investment firm Canary Capital has filed with the US Securities and Exchange Commission (SEC) for three new exchange-traded funds (ETFs) focused on the cryptocurrency market. The most notable of these is the Canary American-Made Crypto ETF (MRCA). The fund is planned to be listed on the Cboe BZX exchange. The Canary American-Made Crypto ETF will invest in crypto assets developed, issued, or operated in the United States. The fund will track the “Made-in-America Blockchain Index” and include US-origin cryptocurrencies. According to the filing, the ETF will be classified as a high-risk investment. The company also applied for two more ETFs: Trump Coin ETF Staked Injective ETF The move comes amid growing interest in US-based crypto projects. The fund aims to offer investors a focused alternative to the US blockchain ecosystem while also generating additional returns through staking rewards. Related News: What Do On-Chain Data Show on Ethereum (ETH) Now? Analysts Warned The fund will trade on the stock exchange under the symbol MRCA. Authorized participants will be able to buy and sell fund shares in blocks of specified sizes. Investors will be able to buy and sell shares on the secondary market. The altcoins predicted to be included in the index are as follows: XRP Solana (LEFT) Dogecoin (DOGE) Cardano (ADA) Chainlink (LINK) Stellar (XLM) Sui (SUI) Avalanche (AVAX) Litecoin (LTC) *This is not investment advice. Continue Reading: A First in History: Spot ETF Application Filed for US-Based Altcoins – Here Are the Likely Candidates
Crypto exchange- products (ETPs) recorded $1.43 billion of outflows last week. This brought an end to a two-week bull rally that brought in inflows of $4.3 billion. At the same time, most of the crypto coins were in red. Bitcoin had nosedived from above $116,000 on Aug.18 to $112,000 by the end of the trading week, while Ether dropped below $4,100 on Tuesday after starting the week at around $4,250. Bitcoin ETPs contributed the most outflows CoinShares’ head of research, James Butterfill, said the $1.4 billion in outflows from crypto funds were the biggest losses since March 2025. According to him, the Fed influenced these losses as investors anticipated a normal hawkish tone by Jerome Powell at Jackson Hole. However, Powell hinted at upcoming rate cuts, which sparked $594 million of inflows. In addition, trading volumes in ETPs surged to $38 billion. This is about 50% above the year-to-date average. Crypto ETP flows by asset as of Friday. Source: CoinShares Bitcoin ETPs contributed the most outflows, totaling more than $1 billion. On the other hand, Ethereum’s mid-week recovery limited its outflows to $440 million. In the last 30 days, Ethereum has recorded $2.5 billion of inflows, while Bitcoin has recorded $1 billion of net outflows. This has lifted Ethereum’s share of year-to-date asset-under-management inflows to 26%. This is higher than Bitcoin’s 11%. Meanwhile, XRP recorded the largest inflows at $25 million, followed by Solana with $12 million and Cronos with $4.4 million. Sui recorded outflows of $12.9 million, and Ton experienced outflows of $1.5 million. The crypto industry’s influence evolves The crypto market is in the red even after a dovish tone from the Fed chairman. This is the first time Powell has considered lowering interest rates since Trump took office. Unexpectedly, this excitement has not lasted long. Unlike earlier market correlations, FUD and FOMO, traders are making personal decisions away from the Fed, which still affects the market. To that end, an OG whale sold 24,000 BTC in a batch of transactions just a few hours apart, coins with a market value of more than $2.7 billion. Bitcoin tanked as a result, dropping from $115,000 to $111,000. Now, the concern centers on how a transaction like this can have such a calamitous impact on Bitcoin’s price in the first place. More so after a major announcement by Fed’s Powell. Are whales the main players now? Interestingly, some investors believe this whale may be selling off their BTC and snapping up ETH instead, and following in the footsteps of institutional ETF traders. As reported by Cryptopolitan, Japanese investment firm Metaplanet purchase of an additional 103 BTC, which brought the firm’s total holdings to 18,991 BTC, still suggests growing adoption and confidence despite price dips. However, currently, the market is at a standstill. The crypto coins are either steady or have shown minor declines in 24hours. ETH, which had just hit a new all-time high for the first time in almost four years, faced selloffs with the second-largest crypto coin dropping to $4,583. On-chain data now shows that it is 6.9% down from the record price established just hours earlier. Now, the $5,000 projections look like they are cruelly out of reach. KEY Difference Wire helps crypto brands break through and dominate headlines fast
B Strategy, a digital asset investment firm, announced plans to launch a $1 billion U.S.-listed company dedicated to holding BNB and fostering growth within its ecosystem, with strategic support from YZi Labs (formerly Binance Labs). Hong Kong’s B Strategy Targets U.S. Listing for BNB-Centric Treasury Company The initiative aims to create a publicly traded vehicle
BitcoinWorld Stablecoin Yields: The Looming Threat to Bank Deposits? The financial world is buzzing with a critical warning from banking giant Citi. Their expert, Ronit Ghose, has raised a significant concern: the attractive stablecoin yields currently available in the crypto market could trigger a massive outflow of funds from traditional bank deposits. This isn’t just a minor shift; it could lead to higher funding and credit costs for banks, reminiscent of the dramatic money market shifts seen in the 1980s. For anyone invested in the future of finance, understanding this potential disruption is crucial. What Are Stablecoin Yields and Why Are They a Concern? Imagine earning a much higher interest rate on your digital dollars than what your traditional savings account offers. That’s essentially the allure of stablecoin yields . Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to the U.S. dollar. When you “lend” these stablecoins on certain platforms, you can earn substantial interest, or yields. This high earning potential is what worries financial institutions like Citi. Ghose’s comparison to the 1980s is particularly insightful. Back then, money market funds began offering higher interest rates than traditional bank accounts, causing a significant migration of deposits. Banks had to adapt by raising their own rates, which increased their operational costs and impacted their lending capabilities. A similar scenario could unfold if stablecoin yields continue to attract a growing pool of capital. Is There a Loophole Allowing High Stablecoin Yields? You might wonder about regulation. The GENIUS Act, designed to oversee stablecoin issuance, explicitly prohibits stablecoin issuers from offering yields. However, banks argue that a critical loophole exists. This loophole allows crypto exchanges and other platforms, rather than the direct issuers, to offer attractive yields on stablecoins. This distinction creates a grey area where significant amounts of capital could flow, potentially putting at risk an astounding $6.6 trillion in bank deposits. The implications are profound. If this capital indeed moves, banks would face increased pressure to find alternative funding sources, likely at a higher cost. This could translate into higher loan rates for consumers and businesses, affecting everything from mortgages to small business loans. The debate around this loophole and its impact on stablecoin yields is intensifying. Banks vs. Crypto: Who Wins the Stablecoin Yields Debate? The financial industry finds itself divided on this critical issue. Traditional banks are vocal about closing the perceived loophole, viewing it as an unfair advantage for the crypto sector and a potential threat to financial stability. Their arguments often center on: Systemic Risk: Unregulated outflows could destabilize traditional banking. Level Playing Field: Banks operate under strict regulations, which they argue should apply equally to similar financial products. Consumer Protection: Concerns about the risks associated with higher, less regulated stablecoin yields for consumers. Conversely, the crypto industry strongly opposes any move to restrict these offerings. They argue that closing the loophole would stifle innovation and competition. Their perspective emphasizes: Innovation: Stablecoin yields represent a new frontier in financial services, offering efficiency and choice. Consumer Benefit: Users gain access to higher returns than traditional savings options. Market Evolution: Limiting these yields could hinder the natural progression of digital finance. This fundamental disagreement underscores the challenge regulators face in balancing established financial stability with emerging technological advancements. How Does the Treasury View Stablecoin Yields? The U.S. Treasury Department is also weighing in. Treasury Secretary Scott Bessent, as reported by Cointelegraph, has expressed support for stablecoins. His rationale is that well-regulated stablecoins can help maintain the U.S. dollar’s dominance in the global financial system. This perspective adds another layer of complexity to the discussion. While supporting stablecoins generally, the specific issue of high stablecoin yields and their impact on bank deposits remains a delicate balancing act for regulators. Regulators face the challenge of fostering innovation while mitigating systemic risks. Finding a middle ground that allows the crypto industry to thrive without destabilizing traditional finance is key. The decisions made regarding stablecoin yields today will undoubtedly shape the financial landscape of tomorrow. What’s the Potential Impact of Stablecoin Yields on Your Finances? If stablecoin yields continue to draw significant funds from banks, you might see changes in your own financial life. Banks could offer lower interest rates on savings accounts or charge higher fees to compensate for lost deposits. Conversely, if you participate in the crypto market, you might continue to benefit from attractive yields, albeit with associated risks. Understanding these dynamics helps you make informed financial decisions. The tension between the innovative potential of stablecoin yields and the stability of traditional banking is a defining financial challenge of our era. As regulators and industry players grapple with these complex issues, the outcome will significantly influence how we save, invest, and manage our money in the years to come. Summary: Navigating the Future of Finance with Stablecoin Yields Citi’s stark warning about stablecoin yields highlights a crucial juncture for the global financial system. The debate over regulatory loopholes, the push for innovation, and the need for financial stability are all at play. As this narrative unfolds, both traditional banks and the burgeoning crypto industry must find common ground to ensure a robust and equitable financial future for everyone. The decisions made now will resonate for decades, shaping the very structure of our economy. Frequently Asked Questions (FAQs) Q1: What are stablecoin yields? A1: Stablecoin yields refer to the interest or returns earned by lending out stablecoins, which are cryptocurrencies pegged to a stable asset like the U.S. dollar, on various crypto platforms. Q2: Why are banks concerned about stablecoin yields? A2: Banks are concerned that attractive stablecoin yields could cause large amounts of deposits to flow out of traditional banking systems, increasing their funding costs and potentially affecting their ability to lend. Q3: What is the “loophole” regarding stablecoin yields? A3: The GENIUS Act prohibits stablecoin issuers from offering yields, but banks argue a loophole allows crypto exchanges and other platforms (not the direct issuers) to offer these yields, bypassing direct regulation. Q4: How does the U.S. Treasury view stablecoins? A4: Treasury Secretary Scott Bessent supports stablecoins, believing they can help maintain the U.S. dollar’s global dominance, although the specific issue of high yields and their impact on bank deposits remains a complex regulatory challenge. Q5: What could be the impact of stablecoin yields on consumers? A5: Consumers might see changes in traditional bank offerings, such as lower savings rates or higher fees. Conversely, those participating in crypto could continue to benefit from higher yields, albeit with associated risks. If you found this analysis insightful, please share it with your network! Your engagement helps spread awareness about the critical discussions shaping the future of finance and the impact of stablecoin yields. To learn more about the latest stablecoin trends, explore our article on key developments shaping the crypto market and its regulatory future . This post Stablecoin Yields: The Looming Threat to Bank Deposits? first appeared on BitcoinWorld and is written by Editorial Team
alaxy, Jump and Multicoin to build $1B Solana treasury Galaxy Digital, Multicoin Capital and Jump Crypto are reportedly planning to raise $1 billion to acquire Solana (SOL). According to a Bloomberg report citing anonymous sources, the initiative would form the largest treasury ever dedicated to Solana. The three companies have tapped Cantor Fitzgerald as their lead banker for the fundraising effort. The plan includes taking over a publicly traded entity to transform it into a digital asset treasury company focused on SOL. The Solana Foundation has endorsed the initiative, lending institutional support to the effort. Solana’s position in the market Solana remains the sixth-largest cryptocurrency by market capitalization, trading near $200 with a 6.6% increase over the last 30 days, according to CoinGecko. If successful, the $1 billion treasury would more than double the size of the largest existing Solana reserve, strengthening confidence in the network as it continues to recover from the aftermath of the FTX collapse. Existing major Solana treasuries Currently, Upexi, a supply chain management brand, holds the largest corporate Solana treasury with over 2 million SOL valued around $400 million. Upexi leverages staking yields and discounted locked Solana tokens to generate value for its stakeholders. DeFi Development Corporation ranks second, holding 1.29 million SOL worth about $240 million. Meanwhile, Bitcoin mining firm Bit Mining recently announced a strategic pivot to Solana, with plans to raise $200–$300 million to create a SOL reserve. The road ahead The combined push from Galaxy, Multicoin and Jump Crypto would eclipse existing reserves, marking the largest coordinated corporate move into Solana to date. If executed, the fund would establish Solana as one of the most significant assets in institutional crypto treasuries.
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