Stablecoin Surge Could Trigger $1T Exit From Emerging Market Banks: Standard Chartered

The sharp rise in stablecoin usage could drain as much as $1 trillion from emerging market banks over the next three years as savers seek the safety and liquidity of dollar-pegged digital assets, Standard Chartered said in a Monday report. Stablecoins are giving households and companies in developing economies an alternative to local banks, accelerating … Read more

Grayscale Adds Staking to Ethereum and Solana Investment Products in U.S. First

Grayscale has introduced staking to its ether and solana investment products, becoming the first firm to offer staking through U.S.-listed spot crypto exchange-traded products (ETPs). The update applies to the Grayscale Ethereum Trust ETF (ETHE), Ethereum Mini Trust ETF (ETH), and Grayscale Solana Trust (GSOL), which were already available to investors. Grayscale’s ETHE has an … Read more

AMD teams up with OpenAI to challenge Nvidia’s AI chip dominance

AMD is partnering with OpenAI to provide six gigawatts worth of processors for AI data centers, a move that challenges Nvidia’s AI chip market dominance. The five-year agreement aims to help OpenAI bolster its infrastructure to meet growing computational demands for AI applications like ChatGPT, starting with a gigawatt deployment of AMD Instinct MI450 GPUs … Read more

Bitcoin’s ATH Brings Firepower for Bulls With One Caveat: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) Big weekend buzz: Bitcoin (BTC) shot up to record highs, and its dominance rate ticked up too, signaling fresh bias toward the top cryptocurrency. But the headline wasn’t just about crypto — Japan’s new prime minister openly backing “Abenomics” was an even bigger deal. That means … Read more

Bitcoin’s $125K Resistance: Analyst Warns Failure Could Bring Bear Market

Ledn CIO John Glover, who correctly predicted recent bitcoin [BTC] price gains, has issued a stark warning that a failure to break above the $125,000 resistance could prove costly, potentially signaling the start of a bear market. BTC, the leading cryptocurrency by market value, tapped record highs above $125,000 over the weekend. The rally followed … Read more