Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds
Buying pressure in Binancepaired currencies correlates with local currency depreciation as market makers balance positions. Source：CoinDesk
Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network
Mantle has added Paxosissued USDG as a natively minted stablecoin while joining the network’s rewardsharing structure. Source：Cointelegraph
Bitcoin reclaims $80K as DXY falls amid continuing suspected yen intervention
Bitcoin rallied 5% to reclaim $80,000 as the US dollar weakened amid a suspected Bank of Japan currency intervention, though analysts remain split on the…
Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement
The deal will bring SoFiUSD to Kraken, connect Payward to SoFi’s 24/7 dollar settlement network and give SoFi access to digital asset liquidity through Kraken…
Live updates: Bitcoin shrugs off higher oil prices as Japanese yen rallies
Bitcoin is back above $77,500 with every major green on the day, though the week still reads red. Global investors are carrying their lowest currency…
BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch
The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a eurodenominated offering next.…
Citi, Goldman, other global banks and asset managers team up on stablecoin venture
The group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion. Source：CoinDesk
Bitfinex Securities lists tokenized notes tied to Strategy, Metaplanet
Five equitybacked notes issued through Luxembourg’s ORO II fund will trade against dollars, USDT and Bitcoin for eligible nonUS investors. Source：Cointelegraph
Inside Robert De Niro’s property portfolio, including a Hamptons estate and his own ski slope
Robert De Niro has spent more than five decades building one of Hollywood’s most celebrated careers—and an incredibly unique mulitmilliondollar property…
Amazon’s stock slips as the FTC alleges billions of dollars in hidden ad fees
Regulators claim Amazon artificially bumped floor prices during peak shopping periods, adding surcharges to merchants’ ad spending. Source：MarketWatch
Live updates: Bitcoin holds $78,000 as yen breaks 160 and rate-hike bets lift the dollar
Bitcoin is holding just under $78,000 as August closes. The dollar strength that pushed the yen past its intervention line is the same force capping crypto.…
Party balloons could become a ‘luxury’ as the Iran war spurs a helium shortage
Dollar Tree says a helium squeeze has hit sales of balloons and party supplies. Researchers note this could foreshadow higher costs for other industries that…