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MAS Warns Unregulated Stablecoins Pose Systemic Risk, New Regulations Incoming

2 hours ago

On November 13th, as per Cointelegraph, the Monetary Authority of Singapore declared that only those stablecoins that are fully regulated and backed by reserves can be utilized as settlement assets. Unregulated stablecoins have a rather inconsistent track record when it comes to maintaining their pegs. Furthermore, Singapore is in the process of formulating legislation and expanding the pilot scope of central bank digital currency.
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XRPC Transaction Goes Live, Reaching $26 Million in Transaction Volume within 30 Minutes

On November 13th, Bloomberg ETF analyst Eric Balchunas sent out a tweet stating, "In the first 30 minutes of XRPC's trading going live, the trading volume reached $26 million, which is significantly higher than my earlier prediction of $17 million. It is highly probable that it will break the record of the $57 million first-day trading volume set by BSOL and become the ETF with the highest first-day trading volume among all new launches this year."

1 minutes ago

Michael Saylor: Bitcoin Market Cap Will Surpass Gold by 2035

On November 13th, the founder of Strategy, Michael Saylor, stated in an interview: "I have no doubt that by 2035, Bitcoin will become an asset class that is larger than gold."

1 minutes ago

Self has secured a $9 million funding round and launched a rewards points program.

On November 13th, as reported by CoinDesk, the zero-knowledge identity and human proof protocol Self announced the completion of a $9 million seed round of financing. Participating in this round were Greenfield Capital, Startup Capital Ventures x SBI Fund (SoftBank), Spearhead VC, Verda Ventures, Fireweed Ventures, and others. Self also launched a points-based reward program with the aim of promoting the adoption of on-chain identity verification.

1 minutes ago

JPMorgan Chase: Expects Bitcoin's support level to be at $94,000, and maintains an upward expectation of $170,000

On November 13th, as reported by The Block, Morgan Stanley analysts stated that from the current price level, Bitcoin has "very limited" downside, with its support price being around $94,000. The analyst team, led by Managing Director Nikolaos Panigirtzoglou, pointed out in a report released on Wednesday that Bitcoin's estimated production cost, which is historically regarded as a bottom or support price, has recently risen from around $92,000 to around $94,000. At the same time, the analysts restated their forecast from last week that Bitcoin's price will increase by about $170,000 in the next 6 to 12 months based on a comparison of Bitcoin to gold volatility adjustments.

1 minutes ago

Magic Eden has announced that 30% of secondary market revenue will be used for buyback.

November 13th. Magic Eden declared that 30% of the revenue from the secondary market would be allocated for buyback. Among them, 15% of the revenue would be used to repurchase its native token ME, and 15% would be used to purchase NFT collectibles listed on the platform as part of the initial ecosystem support plan.

1 minutes ago

Acurast has completed a $11 million financing round with participation from Gavin Wood.

On November 13th, as reported by Cointelegraph, the decentralized privacy computing project Acurast based on smartphones has completed a funding round of $11 million. Ethereum co-founder and Polkadot founder Gavin Wood, MN Capital founder Michael Van The Poppe, and GlueNet founder Ogle have participated. The project is scheduled to launch its mainnet on November 17th and will release its native token ACU simultaneously. It claims to achieve tamper-resistant execution and secure hardware validation on consumer-grade smartphones.

1 minutes ago

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