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The European Central Bank endorsed a European Union plan to strip national regulators of crypto oversight and hand it to a single EU-level authority. ECB Crypto Oversight Endorsement The ECB on Friday backed the European Commission's proposal to centralize supervision of key financial market partici

Hong Kong's financial regulator granted its first two stablecoin licenses on Apr. 10, approving HSBC and a joint venture backed by Standard Chartered, Animoca Brands and Hong Kong Telecom. HKMA Approves Two From 36 Applicants The Hong Kong Monetary Authority selected Anchorpoint Financial Limited —

Bloomberg Intelligence strategist Mike McGlone expects Tether (USDT) to surpass both Ethereum (ETH) and Bitcoin (BTC) in market capitalization, while warning that Bitcoin could fall as low as $10,000. McGlone's Tether Forecast In a note published this week, McGlone, a senior macro strategist at Bloo

Chainalysis projects stablecoin transaction volumes could reach $1.5 quadrillion by 2035, driven by a $100 trillion generational wealth transfer and growing merchant adoption of digital payment rails. Stablecoin Volume Projections The blockchain analytics firm published the findings as a preview of

More than half of Gen Z adults worldwide now own or have owned cryptocurrency, according to a new survey. Gen Z Crypto Ownership Rates The findings come from Gemini's 2024 State of Crypto Report, conducted by Data Driven Consulting Group between May and Jul. 2024. The survey polled 6,000 adults acro