By Emir Abyazov Key highlights: Banking groups warn stablecoin yield loophole risks $6.6 trillion deposit outflow. GENIUS Act bans direct stablecoin interest but loophole allows yield via affiliates. Banks fear stablecoins offering yield could destabilize credit and increase borrowing costs. US banking groups have urged Congress to close a loophole in the GENIUS Act, which […]
Tag: ADA
By Afe Funbi Key highlights: KAS price is closing in on the $0.10 resistance level, with higher highs and higher lows reflecting bullish pressure within a declining wedge. Major support areas of $0.093 and $0.086-$0.090 are still crucial for the bulls to sustain the momentum. A breakout above $0.115-$0.120 can lead to a rally to […]
By Marco Piccolo Key highlights: Standard Chartered increases its ETH price target for end-2025 to $7,500, citing strong institutional demand and regulatory tailwinds. Ether treasury firms and ETFs have accumulated 3.8% of all ETH since June, nearly doubling Bitcoin’s comparable accumulation rate. The GENIUS Act and Ethereum’s scalability roadmap are seen as key catalysts for […]