Traders on Polymarket and Kalshi are pricing in an over-50% chance of a U.S. recession this year.
Industry leaders expect RLUSD to further shift crypto market dynamics, where upstarts tether (USDT) and USD Coin (USDC) could see competition from Ripple’s product.
Bitcoin and other cryptocurrencies experienced sharp declines after initial gains, reflecting market uncertainty.
A breakdown of the topping pattern could potentially halve prices to $1.07.
Asian equities and U.S. stock futures have declined, while bitcoin is nearing a bearish technical pattern amid escalating trade tensions.
Though many Democrats on the House Financial Services Committee voted with Republicans to move the bill, they raised flags about the Trump-tied stablecoin.
Kraken announced it will offer free Interac e-Transfer deposits for Canadian users to reduce friction for newcomers to the platform.
Also: Manufacturers are building ASICs that look like servers.
Bitcoin retreated to $86,000 in volatile action as the announcements were made.
HBAR is up 1.5% in the last 24 hours.
DTCC is the latest traditional finance firm to tap tokenization and blockchain tech for operational gains.
The company is on the Financial Conduct Authority’s investment firms register which is for firms that are authorized to perform MiFID investment services.